10 Best Ways to Earn Extra Money This Month

If you’re looking to pay this month’s rent, you’re saving up for a big vacation, or you are trying to pay off your debt, you’ve come to the right place. Here are 10 ways you can make extra money this month. No matter where you are in life or how much work experience you have, here are 10 lucrative jobs that guarantee you earn extra money. 

1. Babysit, Pet Sit, or House Sit

If you don’t have many qualifications or you’re a student, you could make a decent amount of money just through babysitting. As of 20201, the national average had jumped to $18.36 an hour for one child. If you don’t have any connections in your neighborhood, try using Sittercity to find some babysitting gigs. 

If looking after children is not your forte, pet sitting can be another amazing option. A pet sitter can earn anywhere from $25-$30 a day. A 30-minute check-in could earn you up to $25 dollars. You can use apps such as Rover or Wag to find these pet sitting opportunities to make a little bit of extra money. 

Another option is to become a house sitter. You can earn anywhere from $12-$66 an hour depending on the gig. Your daily tasks may include bringing in the mail, watering the plants, dusting, or vacuuming. Some employers request that you stay overnight. If this job piques your interest, you can go to Housesitter.com

2. Sell Your Unwanted Belongings 

Exchanging your possessions for money is one of the easiest ways to earn extra money if you’re in a pinch. Purging your valuables has other benefits, as well, such as reducing clutter and even forcing you to rethink your spending habits. You might be less tempted to whip out your credit card in the future once you realize how much junk you accumulated over the past few years. Some things you can sell include books, clothes, toys, bags, and decor. Check out this article by Trent Hamm for more information.

3. Participate in Research

From market research to medical tests, being a test subject offers an opportunity for people to fatten up their wallets with cash, checks, and gift cards. If you’re willing to try a new product or experience and share your thoughts with its creators, you could give your bank account a boost.

You can sign up for medical tests and trials through the National Institute of Health (NIH). They have 3,500 volunteers a year, but rates do vary depending on the trial. 

In addition to volunteering your body, you can also offer your mind. Try participating in psychological research. Most large universities have a research department that is looking for test subjects. You can go to Harvard, NYU, and the University of Maryland, just to name a few. Also, Stanford and Yale offer online opportunities if you don’t live near a larger university. Rates can vary from $10 to $50 an hour to a flat rate for participation.

4. Become a Freelance Writer

By being a freelance writer, you can earn extra money or make some passive income with your craft. You can write about your hobbies such as health and wellness, finance, cooking, interior design. Once you’ve found your niche, you’ll then have to find your ideal clients. Try going on Indeed, Flexwork, or Upwork to find your clients. What’s so amazing about becoming a freelance writer is that you can work from home and create your own schedule. If you want more tips and tricks on how to be a writer and blogger, you can check out Elna Cain’s website for more information. 

5. Play Games!

If you play video games on a regular basis, then why not make some cash while you’re at it. Playing games is an excellent way to earn a quick buck because you can do it right in the comfort of your own couch. Check out this extensive list of 30 apps that pay you to play games

6. Pick Up Micro Gigs

In the past decade, the gig economy has exploded and now there are hundreds of thousands of people out there who are looking to have “mico-jobs” completed for them. These small tasks can make you from $3 up to $100 depending on the gig. Although this is a way to make some quick cash, it is an extremely competitive market so you have to keep a lookout for any openings. Here are 18 job sites you can use to find online and community-based gigs. 

7. Take Online Surveys 

Making money by taking surveys won’t give you financial freedom overnight. However, it can make you a little extra pocket money and give you a little financial boost. Instead of mindlessly scrolling on your phone, try using that time to take a survey. Over time, those little moments add up and you’ll accumulate a significant amount of money. Here are 8 of the most popular sites you can use to take surveys.

8. Rent Out Your Spaces

Utilizing the empty space in your house or apartment can be another lucrative source of income. If you have an empty guest room, you rent it out on Airbnb if you want to earn extra money. Say you’re out on vacation for a week, you can even rent out your space and make money while you’re on a getaway. You can also rent out extra storage space such as a garage, basement, or attic. Because of the expanding gig economy, people no longer have to pay huge corporate chains, they can just pay you. If you want more ideas on how to rent out your space, check out this article by Money Crashers.

9. Teach English

Thanks to the power of the internet, you can now make money from all over the world just by sitting in the comfort of your own home. iResearch, a marketing research and consulting company in China, reported in 2018 estimates China’s online language education market will reach 543.4 billion yuan ($77.39 billion) by 2022. Even globally, there’s plenty of opportunities to make money teaching English online. The best part is, you don’t need teaching qualifications for many of these websites. The higher-paying gigs do require a bachelor’s degree, but you can easily go without. Learn more about teaching English online here. 

10. Sell Stock Photos

If you are more artistically inclined, consider selling stock photos as your side hustle. Stock photos are simply a term for generic images that buyers use for the visual content from news stories, blogs, and websites, to design materials for ads or promotional materials. What matters most is the number of downloads you get because that equates to the amount of money you’ll make. It’ll take some time to build up your portfolio, so this side hustle does require a bit more effort compared to most. But once you get the ball rolling, you’ll be able to make a lot of passive income. Here’s an extensive guide to help you out

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The Best Money Saving Quiz

Now that you know how to save some money on entertainment, take this quiz to test your knowledge on saving in general:

1 / 7

Most grocery stores offer a price-per-ounce comparison for a variety of items. Where is this information usually located?

2 / 7

What is one of the most cost-efficient food ingredients to grow in your own kitchen?

3 / 7

How much does a typical meal cost in a fast-casual restaurant?

4 / 7

What is a surefire way to build savings into your workday?

5 / 7

If you spend $100 a month on your favorite form of latte, how much savings could you build by instead investing that money at 10 percent interest every month for five years?

6 / 7

Why is it a good idea to shop for auto insurance annually?

7 / 7

What’s the first thing you should change when you decide to boost your savings power?

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