Today, there are more ways than ever to earn extra cash. Some are further recognized than others, and some, quite frankly, can seem a little strange.
I feel like the go-to for earning cash always used to be a garage sale. While the garage sale still works, just googling “how to earn extra cash” will provide you with more than enough ideas. And, like I said, some can seem a little off the wall.
Today, we will look at 5 ways you can add a few bucks to your bottom line. These take little effort and can be implemented in a matter of minutes. Basically, if you like getting paid for things you’re already doing, then you will love these recommendations.
Cashback Credit Cards
While this isn’t the most exciting one in the world, I think it’s a no-brainer for anyone who has no issue paying off their card every month. You’re already buying this stuff, so why not get money back for it.
There are tons of rewards credit cards out there, so you just have to determine which one is best for you. There are several sites that will even provide breakdowns and recommendations, depending on what you’re wanting to earn. Nerdwallet does a good job with their recommendations.
I use the Citi Double Cash card that gives me 2% cashback on everything. So, if I spend $3,000 a month or $36,000 a year, then I’ll get back $720 after 12 months, just for buying things I would have already!
If you’re not using a cashback credit card (or some other rewards credit card), click on the link above and find one that’s right for you. It truly pays to be smarter about your money.
Online Savings Accounts
I know you’ve already heard me talk about this from my blog post How 15 Minutes Could Get You 15 Times the Return. However, it’s so rare I run across anyone who has an online savings account that I feel it needs to be mentioned again.
Online savings accounts take about 10 minutes to set up and link directly to your checking account, so you can move money in and out. However, they’ll typically pay you about 20 times the rate you’re earning at your brick and mortar bank down the street (this goes for the big conglomerate bank to the small local bank).
Most brick and mortar bank savings accounts I come across today pay in the .02-.05% interest range, basically nothing. However, you can go to Goldman Sachs online and open an account in about 10 minutes that will pay you 1.05%.
That’s over 20 times the return for 10 minutes of your time. That’s a good deal if you ask me. I beg you to do this if you haven’t done so already. It’s easy and could provide you a few extra hundred dollars every year. You wouldn’t walk past a $100 bill on the street, would you? Well, that’s exactly what you’re doing by keeping your money in a low-interest savings account.
Get Cash Back for Online Purchases
This one is relatively new to me, but I’m loving it. It’s called Paribus. It’s basically a tool that gets money back for you from your online purchases. Heck, you’re already buying online, so why not get money back for it?
Plus, it’s free. They just take a 25% cut of any money they’re able to get for you. You will link your email, Amazon account, and credit card, and it will automatically scan your online receipts to find if there was a better deal out there. Best of all, it files the refund for you, so you don’t have to do anything.
It’s an ingenious tool that I’m super excited to keep trying.
Get Paid for your Pics
This is another interesting tool I was introduced to recently. Basically, you connect your phone to this app, called Foap, and it will allow you to sell your smartphone photos for cash.
You only have to upload your photos to Foap’s marketplace. If someone buys your photo for $10 then you get $5. It’s that simple. If you’ve ever had to buy stock photos, this gives you the opportunity to be on the other side.
There are a few caveats you’ll want to know. You have to be accepted by the Foap developers. They need to be good clear pictures, and no, they don’t accept Instagram shots. Check out all the info by going to their site.
Get Free Stuff When You Buy Online
We’ve already given you cashback credit cards and a way to get refunds on your purchases. Now, we’re getting crazy and introducing you to MyPoints, which will give you cashback and allow you to earn gift cards for places you’re already shopping.
There are more than a 1,000 stores on the list. Just a couple of note are Target, with 1.4% cashback, and Walmart, at a whopping 5.4% cashback. Again, you’re already shopping at these places, so why not get rewarded for doing it…I think that seems to be the common trend amongst all these ideas.
So, there you have it, 5 quick ideas that will put extra money in your pocket. Every one of them is free, and each will take you less than 10 minutes to set up. So get to it!