15 Ways To Double Your Paycheck in Just 1 Month
Begging the boss for a raise isn’t the only way to increase your earnings. You can also boost your annual income — and this year’s vacation fund — by taking advantage of some unorthodox money-making opportunities.
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From selling unwanted household items to renting an actual room in your house, there are plenty of ways to get a paycheck hike. And you can do many of them from the comfort of your own home.
Make Money Off Your Clutter
Look around your house or apartment for hidden sources of income. From clothes your kids have outgrown to that gym equipment you never use, your “trash” can become another person’s treasure. Sell belongings you no longer need for big bucks on eBay, Poshmark or Facebook. Or, you can go the old-fashioned route and hold a garage sale. Not only does selling unwanted clutter up your monthly income, but it also frees up much-needed space in your home.
Get Paid To Carpool
Switch up your daily commute this month by carpooling with coworkers. If you have a reliable car, offer to be the driver — on the condition that your carpool buddies take care of all gas costs. If you’re not wild about being the sole driver, work out a plan where you switch off with a pal; you’ll both save money on fuel.
Use Your Free Credit Card Rewards
Those cash-back points you’re accumulating can come in handy. If you regularly use a rewards credit card, check your statement to see how much you can redeem. Just like money found under the couch cushion, these points were always there — but taking advantage of them is like tapping into free cash you can use throughout the month without dipping into your bank account.
Pick Up Your Unclaimed Cash
You wouldn’t leave a $10 bill on the sidewalk. So, don’t leave cash or property belonging to you in an account waiting to be claimed. You can check for money in your name by visiting MissingMoney.com, which is endorsed by the National Association of Unclaimed Property Administrators. With any luck, you’ll find some unclaimed cash to put toward your next big purchase or vacation.
Become an Online Survey Taker
If you have opinions on a wide range of topics and issues, consider getting paid to share them with others. You can make money while saving your friends and family members an earful. OneOpinion, Survey Junkie and Opinion Outpost are just a few of the websites that will pay you for taking online surveys.
Rent Out Your Parking Spot or Spare Room
In big cities, convenient parking is worth its weight in gold. If you own a personal parking space but live in an area with plenty of street parking, consider renting out your space for a month. You could also offer up your own driveway. Use the money you make to pay off your car or save for a down payment on some new wheels.
If you have a spare bedroom or guest house, consider advertising it on home-renting marketplaces like Airbnb. Renting out part of your home could provide a significant second income, and it requires very little effort on your part. If you don’t like the idea of hosting strangers while you’re home, consider renting out your space when you’re out of town. With minimal effort, you can make extra cash while securing a vetted house sitter to look after your property.
Sell Unwanted Gift Cards
If your grandmother got you a gift card to a store you never frequent, fear not: You can sell gift cards online for cash. Choose one of the many online gift card marketplaces out there, like Cardpool or CardCash. Depending on the site, you can receive up to 90% of the card’s original value. Stash the money in your savings, or use it for a shopping spree at a store you actually like.
Take Part in a Research Experiment
Universities, clinics and other medical research groups are always on the lookout for people to participate in behavioral studies and trials. Depending on the compensation per experiment — and how many studies you participate in — you could make hundreds or even thousands of dollars a month. Remember to sign a consent form, do your homework on any organizations you plan on working with and don’t participate in any studies that make you uncomfortable.
Sell Your Old Cellphone
Cellphones, iPads and laptops become obsolete fast — but that doesn’t mean there isn’t someone out there willing to buy an outgoing model from you. One good resource is Gazelle.com, which will give you an offer for your gadget. Put the money toward a new model, or save it for a bigger purchase down the line.
Recycle Stuff for Cash
From tin cans and bottles to large pieces of computer equipment, you can recycle old items for cash — provided that you know where to go. According to CleanRiver, many governments have implemented deposit return recycling programs that allow residents to return glass and plastic bottles to recycling facilities and stores — if they offer bottle return — for cash. And Staples provides $2 back in rewards dollars on recycled ink and toner cartridges.
Take a Part-Time Job
One of the best ways to double your paycheck is to earn another paycheck. Try to find a profitable side gig that offers you flexible hours and quick cash in your pocket, such as consulting or app development. You never know when a part-time side hustle will turn into a lucrative and fulfilling occupation.
Tutor or Teach
Is there a specific subject or skill you have a knack for? If you were always a math or science whiz, become an after-school tutor for a student needing help with algebra or chemistry homework. Or, if you were always musically gifted with a guitar, consider offering lessons in your neighborhood. Set your own prices. Depending on the topic and level of instruction, you could easily make hundreds more a month.
Sell Homemade Crafts or Baked Goods
If you’ve got an artistic side, your talents could bring in some quick cash. Websites like Etsy.com are the go-to online marketplaces for artisans selling all sorts of homemade creations, from hand-sewn fabrics to natural perfume oils, sculptures and paintings.
If you have a knack for baking sweets, cupcakes and other treats, consider using your talent to your advantage. You can sell some of your homemade baked goods at local farmers markets, swap meets, church fairs or other community events.
Get Paid for Your Photography
Another hobby that can easily turn into a paying gig is photography. There are plenty of stock image websites in search of quality, professional-level photos. Note that some sites, like iStockphoto.com, require you to apply to be a contributor and submit samples. However, if you have an artist’s eye, you might just find yourself raking in the dollars.
Cut Down Grocery Costs
If most of your monthly paycheck goes to food costs, you might want to explore one of the many ways to save money on groceries. For example, there are a number of apps that will reward you with cash for everyday items you buy at a supermarket.
This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.
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