6 Top Methods for Making Extra Cash

BusinessTips & Tricks

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Everyone could do with a little extra money now and again, whether it’s to bulk up savings for a certain occasion or whether you’d just like a general top-up. Knowing how to make extra cash can seem difficult when you’re trying to avoid working overtime or burning yourself out, so here are six great ways you can make a little extra without putting pressure on yourself.

  1. Try a Side Hustle

If you have a particular talent or hobby that you can turn into a business, this is a great way of making extra cash while still pursuing a pastime you enjoy. If you’re creating something, such as artwork or furniture pieces, why not have a go at selling your creations and making a little more money?

You may also be able to hire out services you’re good at, such as blog writing or photography. Side hustles like this also have the potential to turn into future business options if you’d ever like to turn side businesses into your main pursuit.

2. Have a Thorough Declutter

Decluttering your home, life, and wardrobe all have the potential to be money earners, as well as providing you with a better way to live by eliminating mess. If your home is filled with too much stuff, a good declutter could bring out lots of items you can then sell, especially when it comes to large furniture items or clothing items.

If you’ve hoarded particular items for a long time, you may even have unique or antique pieces that could bring in a higher price tag.

3. Rent Out a Home Space

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Whether it’s renting out your spare room, renting out your garage space, or anything else regarding property you own, this can be a great money earner — especially if you’re not using the space yourself and at a loss of what to do with it.

4. Sell Your Car

Having a vehicle can be one of the biggest expenses you might have after your household bills. With a vehicle, you’re paying insurance, tax, potentially a finance amount on top of the money needed if anything needs repairing.

If there’s a chance that you can reevaluate whether you really need a car and can look at selling it, there’s the potential to make a lot of extra money — not only by the price you sell it for but also on an ongoing basis if you can eliminate the monthly car outgoings.

To make the selling processes easier, there’s always the option to consign your car, too, which means a professional service can take care of it for you. This is a good option, particularly for luxury vehicles with a higher selling price.

5. Build Up Your Interest

This may not be a quick money earner, but if you have a large amount of money in savings — and continually put money into your savings — then opening an official savings account with a high-interest rate will help you to accrue extra money on top of what you’re already saving — without having to do anything at all.

6. Rent Out Your Services

There are apps and websites which allow people in the community to offer a helping hand for odd tasks, such as moving furniture or handyman jobs. If you’re skilled in a certain area or just ready to help out, this can be a good way to earn extra cash.

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