Jonah JacobsWhat could you do with an extra $500 per month? You could use it to move to a better home that’s more spacious or in a better neighborhood. $500 could help you upgrade your car to something newer and more dependable.
You could also use that extra monthly money to pay down debt. Or you could use it to build up an emergency fund to avoid debt should a rainy day appear.
Regardless of what you’d use that extra $500 per month on, you’re probably wondering how to make that additional income. Luckily, you don’t need to get a second time-consuming job to achieve this goal, as here are other ways to make it happen:
1. Sell what you don’t need.
Did you know that a little “spring cleaning” could be highly profitable? By decluttering your home and getting rid of what you don’t need, you could easily rake in $500 this month by selling your used items to others online.
Start with your closets, and pick out any clothes you no longer wear. Then start looking at your electronics, furniture, etc., to see if there are things you’d like to get rid of.
Once you have everything put to the side, it’s time to sell it on the Internet. Some of your best options are sites like Poshmark for clothes, Craigslist if you’d like to sell locally without shipping, and eBay to find buyers worldwide.
When posting your items online, be sure to take plenty of pictures from various angles to showcase their condition. Also, don’t forget to make in-depth descriptions to entice buyers to make that purchase. By putting in a little extra work while posting, you can sell your things more quickly and for a higher price.
2. Rent out extra space.
Have your kids recently moved out? Do you have more home than you need? If you answered yes to either question, you could use that extra space to bring in additional cash.
Airbnb and VRBO are popular sites for renting out rooms or entire properties to people seeking short-term options. You could also use a site like Stache to rent out garage space or even a parking space. According to Stache, many of their users make an extra $6,000 per year by making this very simple move.
3. Find some side gigs.
There are plenty of sites that offer side gigs that you can easily convert into cash without the commitment that comes with an actual job.
What’s the best part about side gigs? Besides the extra cash they can bring in with no commitment necessary, it’s the fact that many don’t require experience. In other words, you can start looking for side gigs today, get hired, do the gig, and get paid without worry.
Some popular places to find side gigs online include Craigslist, Taskrabbit, Freelancer, Fiverr, and FlexJobs. The more sites you browse, the more gigs you’ll find. And the more gigs you find and complete, the more you’ll pad your bank account.
Mark Luigi Dacumos
