Ways to Make Extra $
In our previous post we talked about how we saved 40k in a year - we made some adjustments to our budget, we reduced our expenses but if you are one of those people that didn't have a lot of overhead to begin with then this post is for you! This post is also for everyone else that wants to make extra cash without breaking their back working 80 hours a week. So without further a do - 5 easy ways to make extra cash.
1. Rover.com - I hate to use this analogy but rover is the uber of petsitting - the website offers several different options - petsitting at your own home, the pet owner's home, dog walking, drop in visits....you get the point. You won't make tons of money but during holiday season you can make $1000 in a week (we did it during Christmas of 2016). It is not a steady income but its an easy way to make extra cash considering you don't have to do much. We love animals so we actually quite enjoyed it, we made friends and at the end it wasn't just about the money.
- Pros - no drama, hassle free, no overhead (most pet owners provide food)
- Cons - cleaning up, if you choose to also provide dog walks the weather can be both a pro and a con.
2. AirBnB - you all have heard about this company and what it does so I won't bore you with details - if you have a spare bedroom or a couch then you are one click away from making extra money!
- Pros - flexible, you get to meet some really cool people.
- Cons - cleaning up, and could be drama.
3. Start an online store- it doesn't have to be fancy but you can sell everything you cannot take with you or no longer need online. There are plenty of options such as - Offerup, Letgo, Poshmark, Ebay, Amazon, Nextdoor, etc. Loren and I used all of these platforms to list and sell our furniture, books, old clothes, shoes and everything else that couldn't fit in our backpacks or wasn't of sentimental value.
- Pros - getting rid of some of your old junk and making extra cash, flexible.
- Cons - can be time consuming.
Note: you can always go the old school route and have a garage/yard sale but we found that this way is more time consuming and less lucrative. We did have two yard sales and both times we made a few extra bucks, as a bonus we also got to meet some of our neighbors.
4. Get a roommate - now this option is a lot like AirBnB just a lot more permanent and in some cases less profitable. Loren and I were against getting a roommate just because we love our privacy and considering how much we work we didn't wanted to sacrifice our time or space. Then one of our friends needed a temporary place to stay so we ended up renting our spare room to him. He stayed with us for a few months which was a nice little boost for our travel fund but for us it wasn't worth it in the long run. The most important part is to find someone that you get along with in order to avoid conflict and drama.
- Pros - steady income, company, shared responsibilities, extra help around the house.
- Cons - sharing space with someone else, possible messiness, unreliable, less/no privacy, drama.
5. As cliche as it is - getting a second job. We went the traditional way but with a non-traditional occupation by choosing Lyft (not Uber - due to recent political events as well as unfortunate experience as a customer we no longer support uber). I did Lyft for a few months in the fall of 2015 and then again right before we left. I've heard that some people do it full- time and props to them but it wasn't for me - driving for 10 hours a day requires a special kind of person and that's definitely not me. Lyft is great as a supplement job - you can do it whenever you want to without affecting negatively your main source of income.
- Pros - flexible, social, fun.
- Cons - driving for long hours, putting extra miles on your own car, dealing with drunk people.
So here it is guys... 5 easy ways to make extra cash. Just to clear the air, we personally did 4 of the 5 options above (we didn't use AirBnb). The only reason we did not use AirBnB as a source of income is because we have 2 cats and 2 dogs and they can be a lot to handle sometimes. We did not want to put that strain on the people staying or our animals either. Our setup is just not convenient for the renter and we did not want to chance anything happening to the animals like escaping, etc. That being said, if you are a pet owner and you want to use this option, don't let our fears deter you. You know your pet better than anyone else and you know their limits and you know your house setup and details. So choose what is best for you and your pet! We wouldlove to do AirBnB but at the time it just did not make sense for us. We have experience using AirBnb both as a renter and an owner and we really like the company.
We will be more than happy to answer any questions you might have.
Disclaimer: None of the companies stated above are associated with us in any way - meaning we didn't get paid to promote them.