Looking for ways to make an extra income? You are at the right place. Read our ways how you can make an extra income below.
It’s a classic money-maker, and for good reason. You get paid (well) to watch TV and not very much else – hopefully!
If you are wondering what to charge have a look at local ads, but you can expect to be paid over ₤ 9ph even if you aren’t trained in childcare.
Aside from advertising yourself, it’s free to create a profile on Care Babysitting. It really can be easy money (unless you get stuck with the child from hell!).
Our guide to babysitting walks you through the main considerations. In the UK you will need a DBS (Disclosure and Barring Service) check to look after small children, even though some parents may not ask for one.
Dog walking & sitting
If babies ain’t your thing, then maybe canines are … dog sitting is big business. Students especially are likely to have free time during the day when others are out at work and worried about their pets at home.
You could bag around ₤ 8 an hour per dog, and it’s also a great way to keep fit.
Join Care Pet Care who are best for dog sitting and also Tailster who specialise in dog walkers.
Become your own bank
‘ Peer-to-peer’ lending is the future of banking. It cuts out the middle-man, passing on higher interest rates to you and cheaper loans to borrowers. And it’s all managed online from the comfort of your sofa.
Founded in 2009, RateSetter was the first to reimburse lenders on late payments or defaults through its ‘Provision Fund’. Effectively it is designed to be like a normal savings account. To date RateSetter say no investors have ever lost money, and they are fully FCA regulated.
Right now you can expect to achieve up to 5% fixed return, depending on how long you choose to lend for. If you can, go for the ISA account to earn interest tax-free.
There’s no fee to withdraw your money from RateSetter, unless you lock into a 1 or 5 year higher fixed interest rate where the early withdrawal fee is 0.3% and 1.5% respectively.
Work as a charity collector
Ok, so this job takes a certain kind of person, as you’ll have to take a lot of rejection and be persistent.
But if you are bubbly, personable and reckon you could sell ice to an Eskimo then this could actually be a great student money making idea. You get paid commission on new sign ups (typically around ₤ 20).
Rent out your house for filming
Directors for TV and film are always on the hunt for houses to film in. A scene for Coronation Street was recently filmed in the student house one of the Save the Student editors used to live in!
Not only can you make good money but it’s crazy seeing your own place on TV. Start out by looking at this site.
Rent out your body
If you are comfortable taking off your kit then why not try life modelling. Sit there in the buff while budding artists capture your every curve (or pokey bits) in frightening detail! Try RAM, a website especially designed for these kind of jobs.
You could also get involved in clinical drug trials, but be sure you fully appreciate any risks attached.
Warning: Do not do anything you are not comfortable with, no matter how desperate you are for money!
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This method is probably the best out of all the above. See the Latest Evergreen Wealth Formula 2.0 reviews here.