When you’re living paycheck to paycheck that means you simply do not have anything extra to save, however creating additional income is the key to saving in these hard times. Below is an easy list of things you can do to make that extra income to put in your piggy bank.
1. Become an online advice/psychic operator. BitWine.com is one of the easiest sites to do this with, simply sign up, download the chat software and set your price. I like to keep my status set to “online” when I am browsing the web so if I get a client I can make some instant money. The first time I got a call I made $5 for about 20 minutes of instant messaging some guy about a girl he met in Turkey he wanted to meet. A lot of clients on this site are looking for free advice so make sure to hit the “start charging” button after saying hello to let them know you are not going to chat for free. If I am online about 3 hours a day I can get 1 decent call that makes between $2-$7 so let’s assume you can easily make $10 this month by doing a few chats.
2. Look through your drawers and see if you can find an old cell phone or ipod you can sell, even if it’s damaged you can sell it to websites like Gazelle.com. Of course the price offered for a broken item is much less than for a clean working item but it’s better than just collecting dust in your house. I sold my old HTC OneX for $65…..it was working. So let’s assume you can find one item you can sell for at least $20 this month. You might want to check with your phone carrier and see if you are eligible for one of those $1 upgrades so you can get a new phone and then sell your old one (which is what I did).
3. Old textbooks laying around? Go to bookscouter.com and type in the ISBN number and see if you can get some cash for them. The website is an easy tool to use since it compiles a list of all the buyers for your particular books and arranges them by the highest price offered, normally you can just print a free shipping label online and mail the book, if you have PayPal you can get paid within a week. I sold 2 books this week and made $30 so lets assume you can easily make $15 with 1 or 2 books.
4. Time to look in your closet, do you have any new with tags items or slightly used name brand clothes you can sell? Consignment shops and eBay are the best place for this. Most consignment shops that offer cash on the spot tend to give 10-20% off the current market value but its better than giving them away for free. I took a basket of shirts, a coat, and jeans which I got $30 for so let’s assume you can easily get $20 for a few items. If you have an eBay account its a great idea to clean out your closet and list everything…since the first 50-100 items is free to post, you only pay a final value fee which is when your item sells. There are endless possibilities with eBay but since this is a quick guide to stashing $100 this month lets assume you can make an extra $20 this month selling a few items one way or another.
5. Download a money making app such as ReceiptHog or Ibotta. ReceiptHog is a market research app that allows you to scan in your grocery receipts that earn you points which can be redeemed for cash. I have been using it for several months and almost have enough for a $30 pay out. Ibotta is an app that gives you cash back for buying certain items…like milk and bread. Considering you are probably buying these items anyways its a good way to get some cash back. I have used this app for probably 5 months now and my lifetime earnings are over $26 so between the 2 apps lets assume you can make $5 this month. Another app which is more of a long term one is called The Panel App which you simply download and its tracks where you go at what time and you earn points by answering questions which can be cashed out after 5k points. I have used it for a few months and have almost 2k points so that is another good option for long term savings.
6. Time to look in the garage for old furniture, tv stands, and mattresses. Craigslist.com is probably the best place to sell these kinds of items. Many people are looking for cheap furniture to use while they save for something nice. So if you can get $20 for an item or two add that to your savings stash. If you don’t like the idea of meeting up with a possible buyer take the nicer items you have to a used furniture store or pawn shop to see if you can get a few bucks for them.
7. Roll your coins! I’m sure you can look around your house and find some coins under the couch cushions, in cups, bottom of your purse or dresser drawers, washing machine seals. Even on the street when walking in stores on the floor….collect it all! Make a habit to stash all the change from your purchases too. You should be able to collect $5 in one month if you’re diligently looking for coins.
everywhere you go.
8. Oh Baby! If you have a small child this idea could be a really good one. I’m sure you have lots of baby clothes and accessories laying around. There are many baby consignment shops where you can get cash for used baby items, obviously they must be in really good condition. Considering babies grow so fast it’s possible you have items from baby showers and friends that you never got a chance to use. I live in a small town and we have a store called Once Upon a Child and they will buy clothes, toys, and furniture. Considering the normal cash offer is $1 per clothing item let’s assume you can make $10 by taking them a basket of several assorted items.
9. If you’re having problems finding items to sell head to a transfer site/dump and look under the pavilion at the reusable stuff people drop off. I always find bags of baby clothes and furniture that I have been able to wash and take to consignment shops or sell on eBay. This has been a great resource for me considering I already scavenge my house at least once a month for items to sell. $$$
10. My last suggestion to help get that $100 this month is to start recycling. I live in Alaska and we do not have those traditional recycling centers where you can take plastic bottles and soda cans and get .05 cents back. So take advantage of this if you do live in a city where you can get cash back for these recycled items. Besides the items in your own house collect items you find outside or at work. Lets assume you can make $5 this month by recycling.
So there you have it, 10 great ideas to snag a little extra cash this month to build your $100 savings. Remember not to spend this cash as your earning it, the whole point of this is to save!