Making Some Extra Cash During These Uncertain Times

 

With the recent COVID-19 virus pandemic, many people are feeling significant financial insecurity and losing some of the luxuries they’ve become accustomed to. Approximately one out of 200 homes will undergo foreclosure. As a result, many are trying to find ways to boost their income in the middle of a volatile economy. Here are tips for making cash during these uncertain times.

Find Work Online

There are many opportunities to earn extra cash on the Internet. You could teach a course, offer services, or start a blog. Virtual tutoring is an excellent idea for many children who are doing their schoolwork online during lockdowns. You could write books or articles online and earn some cash on the side. While it may not be much, people can even make money by taking surveys and playing games on their phones and computers.

Because social distancing is now a normal lifestyle, many companies offer remote work that you can do without having to travel from the luxury of your couch. You may even want to consider making money doing food or restaurant deliveries. You could also become a consultant or agent to help people plan for their retirement, insurance needs, or saving up for goals such as a destination wedding.

Financial Investing

There are numerous investment opportunities available to earn some extra cash. Uncertain times can be great for financial trading in stocks and cryptocurrencies. You can buy and sell stock to earn income immediately or invest for long-term financial growth over time. If you’re just getting started, you may want to work with a broker who can offer you sound advice.

You may also want to consider investing in real estate. You could flip homes for extra cash or buy luxury homes for cheap that may be hard to sell right now. If you don’t want to invest directly in property, you can still earn extra cash through trust and angel investing. This could help you make even more money in the future.

Sell Your Stuff

If you have a bunch of stuff around your home you no longer want, you could sell it to make extra cash. There are numerous online marketplace apps and websites where you can list items and ship them to anyone anywhere around the world. If you have old jewelry, you could take it to a pawn shop. Precious metal or luxury stones are pawned by 0.7% of Americans when they need some extra cash in their pockets. You can also sell your old clothes at consignment shops.

Apply For Rental Housing Assistance

If you’re a low-income family, there are government programs available that can help you with extra cash for your rent. The government has invested $35 billion in the last decade towards meaningful use of assistance payments. This funding collects data to improve programs for welfare recipients to receive vouchers for rent payments and utility bills. You can apply for help free online by visiting your state government’s website.

Get Medical and Dental Insurance

The last thing you need in these uncertain times is unexpected medical or dental bills. Around 25% of Americans surveyed responded that they rarely smile out of embarrassment because of the condition of their teeth. Many Americans are also struggling with one or more chronic health conditions. By purchasing medical and dental insurance, you can improve your health and avoid unexpected medical expenses. It can also help you feel more confident, which can help increase the opportunities for you to make extra income.

Rent Out Your Home

You can earn extra cash by renting out your home. You could earn enough to pay your mortgage payment or a luxury or two. It may require some extra sanitization and social distancing measures, but you can rent a room or your entire place for the night to guests. If you have a beautiful or unique home, you may want to consider reaching out to film companies to rent out your home for movie shoots.

You can even rent out your home as a dog and cat sitting experience for pet owners. Another option you may want to consider is renting out your attic or garage where people can store their extra stuff. You can find various platforms online for renting out your home and start getting paid today.

Lawn Care or Snow Removal

You may have mowed lawns or shoveled snow as a teenager to earn some extra cash. You can still do that as an adult to earn money quickly. Many people don’t have the luxury of owning their own landscaping equipment or don’t have the time or mobility to take care of their property. Start by asking the people in your neighborhood if they need help or know someone who could use lawn care or snow removal services. You can put up flyers or post your services in community groups on social media platforms.

Manage Social Media for Businesses

As a result of the pandemic, many people are starting their own businesses to build financial security. Startup businesses have numerous administrative tasks they need to focus on all at once in order to get off the ground. Many small businesses don’t have the luxury of time to manage their online content and social media platforms. If you’re tech-savvy, you can help them post content, engage with customers and website visitors, and create social media advertisements. If you’re good at it, you can make a significant amount of extra cash with plenty of opportunities in the future.

Even though we’re living in uncertain times, you can still enjoy a luxury or two by finding ways to earn extra cash. The financial opportunities are abundantly available for those that take the time and effort to look for them. You can peace of mind with your finances even when the economic situation of the world is uncertain. The control of your financial future by using these tips to help boost your income today.

 

Feature Photo by Sharon McCutcheon on Unsplash