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7 ways to make extra cash from your home
There are probably a few reasons your bank account is looking a little worse for wear at the moment. With Christmas and New Year firmly behind us, and summer in full swing, many of us are still left with thinner wallets.
‘Spending less’ at this time of year isn’t easy. So many of us look for ways to make extra money. It might not be feasible to take on extra shifts to boost your income, so why not consider putting your house to work instead.
The rise of the emerging sharing economy in Australia, is an easy way to generate income from your otherwise untapped and idle assets.
Also read: Here’s how much the average millennial has in savings
Whether it’s a fatter savings account that you desire, or maybe you want to take your family on a well deserved holiday, you can use the below 7 online platforms and apps to turn your home into a goldmine.
Rent out your space!
If you find yourself with a little bit more space than needed, perhaps you have an unused garage, attic or driveway, online marketplace for space, Spacer, can help you earn some extra dollars. Spacer connects Hosts (people WITH space) to Renters (people who NEED space) in their neighbourhood. This simple storage solution can help you earn an extra $4,000 a year just off your garage – a cost that could cover your monthly bills or even a sun-seeking trip away.
Rent out your car!
It’s not just your bricks and mortar than can make you some extra dollars. Car Next Door is an Aussie peer-to-peer car sharing platform that lets users share their car when they’re not using it. If you find your car is just sitting idle in your driveway or you don’t need it for work, you can list your car, set the price and availability, and put your idle car to work. You could find yourself earning over $4,500 a year in extra cash.
Also read: Eight money-saving tips for your supermarket shop
Get more use out of your car to deliver parcels!
If you would rather stretch your car’s legs yourself, why not sign up as a courier with Zoom2u? Zoom2u acts a lot like Uber, but instead of people you’re transporting, it’s parcels! You have complete flexibility on when you work, it’s just a matter of accepting the workload that is right for you. It’s a pretty easy way to make sure there’s some extra cash coming in to fatten up that savings account. Part time you can make between $400 to $1,000 a week!
Dream job alert! Become a pet sitter
So this might require a little bit of work. But is it really considered work if it’s super cute? Let us explain. Mad Paws is an online platform which connects pet owners with caring pet sitters whilst away. Many people use it while jetting off or at work and thousands of adorable pets are in need of looking after (I know, it’s like the perfect job!). Sitters make on average $220 a week, which can go up to around $360 this season
Share your tools, camping gear and idle objects
If your shed or garage is full of unused stuff like tools, camping gear, electronics and anything inbetween, you can turn these idle objects into cold hard cash through Open Shed. Simply list your stuff on the site and other Open Shed members in your area can rent it out for your named price.
Make your home a movie star
If your place has a bit of character and charm, you could turn it into a screen star by renting it out to film scouts looking for locations to shoot their next movie. Simply do a quick Google for a location company in your area, such as Bighouse or Australian Film Locations, list your home and wait for the fame (and cash!) to come to you.
If you love cooking…
You can feed hungry locals through FoodByUs. As Australians become more dynamic with their taste buds, so has the demand to try out food from talented home cooks. You can choose your own hours, and charge what you think your food is worth. Simply deliver the food or let locals pick their dinner up.
