5 Tips for Making Money in Your Spare Time
As the old saying goes, time is money, and you can’t get more of either if you’re sitting around doing nothing. If you want to make some quick cash, these five ways to make money in 5 minutes will be your best bet! They’re easy, painless, and shouldn’t take up too much of your time -- provided you take them seriously and give them your full effort!
1) Save $10
Most of us have some idea of ways we can save $10, so why not put that money back into your pocket? Open a high-yield savings account or set up a dummy bank account and make sure you’re getting an interest rate that beats inflation. Sometimes putting your money into an online savings account isn’t enough—you may need tax advantages or additional safety nets that come with other accounts. For example, a Certificate of Deposit (CD) is another way to ensure you’re getting a decent return on your money and growing it at a steady pace over time. To get started, contact your bank about available CDs. As with anything else worth investing in, start small.
2) Earn Cash Back
When you earn cashback on a purchase, it doesn’t matter whether that item goes on sale later. The point is that you were rewarded for purchasing it when you did. That’s why cash-back credit cards are so popular with consumers. You can apply for your favorite one (or ones) here: NerdWallet's Best Cash-Back Credit Cards.
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| 5 Tips for Making Money in Your Spare Time |
3) Get Free Stuff
If you’re strapped for cash and don’t have a ton of time, you can still earn some quick bucks by getting free stuff. In exchange for your opinion, websites like Survey Junkie will give you points that can be redeemed for gift cards or money. If you have some spare time, try signing up with Mechanical Turk. You can perform small tasks—like transcribing an audio recording or taking a picture of yourself standing next to an intersection—and receive enough points for a $1 Amazon gift card.
4) Sell Your Stuff
You don’t have to be a professional eBay seller to make money with that platform. In fact, most of its users are just regular people looking for a way to get rid of stuff they no longer need or want. You can do some quick digging around your house and find things you no longer need or use (maybe even those designer sunglasses you bought and never really wore), then list them on eBay as-is with just an asking price. Why?
5) Help Others
While you may not be able to make a full-time income in five minutes, there are ways you can earn some quick cash. By helping others, for example. People often post offers on sites like Craigslist and other classified ads sites offering quick cash or barter opportunities if you can help them with something they need to be done. While these won’t make you rich fast, they’re an easy way to pick up extra money for that much-needed trip or new pair of shoes. If it sounds too good to be true, trust your gut and stay away from any scheme asking for upfront fees or charging exorbitant interest rates as penalty fees.
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