Implement these simple ways to earn money and avoid the financial stress and overspending that comes with the holidays.
Holidays involve eating out, shopping, buying gifts and other expenses that could possibly be unplanned. An unplanned expense can have a serious impact on your budget. If you already have a tight budget, you may struggle with your finances. If you do not have a budget at all, you are missing out on the most important step when it comes to achieving your financial goals and being financially independent.
By implementing simple ways to earn a little extra money, you can not only improve your finances but also make the most of your holidays. Besides, everyone can use some extra money regardless of their financial situation. Here are the 10 ways to help you make more money during the holidays -
1. Rent out what you own.
This involves renting out a room in your apartment or house and also, renting out other belongings that you may own and do not use. For example, a professional camera or an electric guitar. People are always looking for things for a short period of time and do not necessarily want to buy a new one. There are websites where you can list them down and interested lenders will reach out to you.
2. Sell handmade items.
Handmade items could be anything from soap bars to crafts, decorations, gifts, jewelry, paintings, etc. Join a local market fair where you may sell these items or you can list them down on websites or in several Facebook Groups.
3. Petsitting or Babysitting.
If you have time on your hands and love looking after pets or little babies, offer to do it for your friends and family or anyone else whom they might know. You may also reach out to others in Facebook Groups offering your service.
4. Freelancing gigs.
A freelancing gig could be anything from proofreading to writing, editing, tutoring, designing, etc. There are plenty of freelance job websites and Facebook Groups where you can land a gig. Getting the first one is usually hard but it will help you in building a portfolio and landing more clients.
5. Flip stuff.
Visit second-hand stores, flea markets, and websites where people sell used items. You can then buy them at a cheaper rate and sell it at a higher rate. The key is to bargain for a lower rate and go for items you know will sell.
6. Earn cashback.
There are apps and websites that help you earn cashback on your purchases. All you have to do is simply scan your bills or the product barcode. This is quite handy as well as you earn cashback for the purchases that you make on a regular basis such as grocery shopping.
7. Sell things you do not need.
Look around your home and you will be surprised to find the number of items that you own but don't really use. At times we are hesitant to sell things that we own as we may have some sort of attachment to it. However, it is important to know that if you do not use it, you most likely don't need it. Get rid of those items by listing them down on websites and in Facebook Groups.
8. Mystery Shopping.
Mystery shopping is a tool used by market research companies to measure the quality of service or gain more information on products and services. These market research companies are often looking for mystery shoppers where you are given simple tasks to complete at your convenience. These tasks could be anything from ordering a drink to shopping for clothes or just conversing with the staff at a retail outlet. These companies also usually reimburse you for anything you may spend as part of the task requirement.
Related - How to be a Mystery Shopper?
9. Surveys & Focus Groups.
Completing Surveys is one of the easiest ways to make money online. There are plenty of websites and apps that reward you for your opinions. Always look for the trusted ones through reviews posted online. On the other hand, focus groups are also a tool used by market research companies that help them learn more about the thoughts and opinions of users on a brand or a product.
Find plenty of legitimate survey sites and apps, here.
10. Test Websites.
There are companies that reward you for your feedback on apps and websites through friendly user interviews and user testing sessions. Companies are always looking for feedback on their apps and websites as it helps them build products and services that are great for everyone to use. The best way to get those insights is through personal and engaging user interviews.
You may also find several other useful ways to earn money listed down in our Earn Money section, here.
The Ultimate Guide To Getting Your Finances Back On Track is a book that aims to help the user in being smarter about their finances. This guide contains seven sections - Financial Goals, Expenses, Savings, Income, Loans & Debts, Budgeting, and Investments. Each of these sections explains everything you need to know about Personal Finance in simple terms. By the end of this book, you will have learned the fundamental principles that will help you in maximizing your income, decreasing your expenses and increasing your savings that will overall kickstart your process of truly building wealth.
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These are all great ideas. The best time to start is a couple of months before the holidays so you have enough extra money to enjoy the holidays.