There are many of us who find it a struggle to make ends meet at certain times, which is when our finances could do with a bit of a short-term boost. There are always options to consider, such as using someone like Moneyboat to get the cash you need for a short period of time, plus you might just be able to find some extra ways to get some more of your own cash coming in.
Opportunity to earn some extra tax-free income
If you own your property and have a spare bedroom, you might want to consider the idea of renting it out, as taking in a lodger could allow you the opportunity to earn up to £4,250 of tax-free income from the venture. If you live in an urban area or close to a major venue, there is also the chance that you might be able to rent a room out at certain times of the year to people looking for accommodation in the area. You should be able to find various sites where you can even advertise your room for free, so this could be a good way to generate some extra cash without having to do much, other than provide a room to rent in your home.
Switch your payment method
Another easy way to generate some extra cash without too much effort is to make sure you are paying your utility bills and other regular items, using direct debit. Most of the gas and electric companies, broadband and mobile phone companies, all tend to offer a discount against their usual prices, just for paying your bill by direct debit or by going paperless. By signing up to receive your statements online and paying by direct debit, you could end up making savings of several hundred pounds a year.
Fortune favors the brave
If you don’t like needles or anything remotely medical, this is not a money-making idea that will appeal, but if you don’t mind the idea of taking part in clinical trials, you could earn a substantial amount of money as your reward.
A properly monitored and approved clinical drugs trial should not involve you taking drugs that could cause you significant harm, but if you are not adverse to putting yourself forward for anything from sleep trials to testing a new drug being developed by one of the large pharmaceutical companies, you could earn as much as £4,000 for taking part in an approved clinical trial.
Proofreading for profit
If you are a diligent reader and don’t mind the idea of reading hundreds of pages at a time in search of spelling mistakes and grammatical errors, proofreading could be a way of generating a reasonable income. The typical pay for a proofreader is about £10 per hour, which compares favorably with the minimum wage options and also means that you can work from home too. Once you become established as a qualified proofreader, that hourly rate can potentially be tripled, so it is certainly a viable way of generating some extra cash, provided you don’t mind what you are reading through.
Sell your skills online
The growth of sites like fiverr.com is understandable, as it puts people in need of a service, in touch with someone who can help and is prepared to do the job at reasonable fixed rate.
Whether you have graphic design skills and can design a logo or know how to put together a good sales letter, whatever skills you have, there is a good chance that you could do something your excel at and enjoy, whilst earning a bit of extra cash at the same time.
If you’ve got some marketing chops, you could even start promoting products and services you love for a commission. This is called affiliate marketing. Popular affiliate programs include the likes of Amazon Affiliate/Associates, Clickfunnels and Leadpages (popular landing page software).
Get paid to attend events
You will expect to be working rather than paying attention to the stage of course, but putting yourself forward for event work, means that you could enjoy a steady extra income and at least get into some music festivals and top events for free.
You could be paid for doing marketing and promotional work or become part of the bar staff or waiting team. The pay will almost certainly be in the minimum-wage territory, but people that work at these events normally enjoy the atmosphere and the chance to earn some money at the same time.
If you like being outdoors and looking after animals
There are plenty of dog owners around who don’t get as much time to look after their pooch as they want, which means that they are often happy to pay someone like you to walk them and give them some company. There are various dog walking services you could register with or you could also consider dog sitting, provided you get all of the necessary paperwork like insurances and references in order.
Being strapped for cash every now and again is not great, but at least there are now more ways than ever before to add some extra noughts to your bank balance.
[info_box type=”pale_box”]Nicholas Krauspe enjoys writing about personal finance matters; namely how to increase the savings and decrease the spending! His articles appear all over the internet.[/info_box]