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6 Lifehacks to Make Money Even When You Are Unemployed

6 Lifehacks to Make Money Even When You Are Unemployed

We have no doubt that you are putting in a lot of hard work and time into your job hunt, and that your job search is starting to feel like you already have a full-time job. But, there is one downside here; you are not getting paid to search for a new job. If you are currently unemployed, you may be experiencing some stress and that can even cause some definite problems, because after all, you need to pay those bills that are piling up.

Do not worry, because finding a new job is not your only option to bring money home. There are several quick, easy and different ways to bring home some extra cash while you are still looking for that dream job. We bet that you are getting curious, and if you are, keep reading to find out more about the lifehacks that’ll help you make money even if you are currently unemployed.

1. Start Your Own Blog

The internet is filled with different kinds of blogs that are devoted to all kinds of topics. Many of them do not make any money, some make a decent amount, and there are some that draw in lucrative and regular income. For example, fashion blogs are now ultra-popular and research has shown that a fashion blogger can make even $4000 a month, if they have 400.000 page views per month.

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This is the best case scenario, but if you manage to make $400 each month from blogging, that can certainly be useful, especially when you are unemployed. So, if you are passionate or have a lot of knowledge about a subject which others will be interested in learning, you may able to make some extra money by setting up a blog and generating revenues from sponsored posts or affiliate marketing.

2. Walk Dogs

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    Have you considered turning your love for dogs into hard cash? Many dog owners nowadays simply do not have the time to take their furry pets on walks during the day, so there’s money to be made from walking them. Walking a neighbor’s dog is not only a great way to make money, but you can also get your share of exercise.

    There are also several more tasks you can take on, like mowing lawns or weed gardens. If you are handy, you can even take care of a few repairs for people who are in need of them. Remember that people need help with everyday things all the time, but in many cases, they do not want to hire a professional. So, make yourself available, help them address these small issues and earn cash while you are doing something good.

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    3. Teach Online

    If you have a skill, a trade or knowledge of a certain foreign language, you can easily make money by teaching others. There are many websites that are looking for people who can teach these skills online. Even though this does not allow you as much control and freedom like other lifehacks we mentioned above, it can be fun if you are a person who likes to teach others.

    There is one bonus that comes with this. You will get an experience you can put in your resume and help you score a job later on. But be careful; many people have managed to make a successful career out of teaching people online, however, not everyone can do this successfully.

    4. Participate In Research Studies

    Perhaps the idea of participating in research studies and clinical trials may sound a little terrifying, because there is always that fear that something can go wrong. But many of them are safe and you can earn a decent amount of money. Search online for focus groups, research panels, clinical trials, surveys and other paid opportunities that are looking for participants. The amount of money you are going to get can vary, but this is still one effective way to earn some extra cash.

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    5. Become a Streamer

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      Many people spend money in order to play video games, but there are those who do it the other way around; they make money by playing video games. If you are a gamer yourself, and in need of cash, then this is an excellent opportunity to turn your hobby into a paying gig. Thanks to the streaming websites like Twitch and YouTube Gaming, smart and lucky people are now swimming in cash that they’ve earned by broadcasting their gameplay on the internet.

      However, turning streaming into a lucrative business is not an easy task, because you need to build a sizeable audience that will be willing to watch and pay. You will be needing the proper gear and, if you do not own an Xbox One or a PlayStation 4, a game capture box and a PC will do the trick. Once you set up everything, remember to be entertaining and charismatic if you want people to come back and watch you.

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      6. Sell Your Stuff

      It is in our human nature to hang onto things that we are no longer using, whether that is a pile of clothes in our closet, a bike we have never ridden or a spare TV set. If you look at it like leaving large piles of money just sitting around your home, it kind of seems ridiculous, doesn’t it?

      Essentially, this is what you are doing, because all of those unused items are just taking up your space, instead of actually helping you score some of that much-needed money. This is why you need to list them for sale online or host a garage sale that will not only help you eliminate your clutter, but it will also fill up your wallet.

      When you are unemployed and in a search for a job, it is understandable that you want to put in all of your energy, time and attention into finding that perfect position. But, this will not help you pay your bills, because you need to find ways to bring in some cash when you need it the most. Finding a part-time job is always an option, if you can swing it, but if you want to try something else, these different ideas and hacks will surely provide you with inspiration to earn some extra cash while you are on your job search.

      Featured photo credit: http://kaboompics.com/one_foto/1012/white-laptop-female-hand-note-pen-phone-desk via pexels.com

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      Katarina Milovanovic

      Creative Writer

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      Published on November 20, 2018

      The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

      The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

      The truth is, there are many “money saving guides” online, but most don’t cover the root issue for not saving.

      Once I’d discovered a few key factors that allowed me to save 10k in one year, I realized why most articles couldn’t help me. The problem is that even with the right strategies you can still fail to save money. You need to have the right systems in place and the right mindset.

      In this guide, I’ll cover the best ways to save money — practical yet powerful steps you can take to start saving more. It won’t be easy but with hard work, I’m confident you’ll be able to save more money–even if you’re an impulsive spender.

      Why Your Past Prevents You from Saving Money

      Are you constantly thinking about your financial mistakes?

      If so, these thoughts are holding you back from saving.

      I get it, you wish you could go back in time to avoid your financial downfalls. But dwelling over your past will only rob you from your future. Instead, reflect on your mistakes and ask yourself what lessons you can learn from them.

      It wasn’t easy for me to accept that I had accumulated thousands of dollars in credit card debt. Once I did, I started heading in the right direction. Embrace your past failures and use them as an opportunity to set new financial goals.

      For example, after accepting that you’re thousands of dollars in debt create a plan to be debt free in a year or two. This way when you’ll be at peace even when you get negative thoughts about your finances. Now you can focus more time on saving and less on your past financial mistakes.

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      How to Effortlessly Track Your Spending

      Stop manually tracking your spending.

      Leverage powerful analytic tools such as Personal Capital and these money management apps to do the work for you. This tool has worked for me and has kept me motivated to why I’m saving in the first place. Once you login to your Personal Capital dashboard, you’re able to view your net worth.

      When I’d first signed up with Personal Capital, I had a negative net worth, but this motivated me to save more. With this tool, you can also view your spending patterns, expenses, and how much money you’re saving.

      Use your net worth as your north star to saving more. Whenever you experience financial setbacks, view how far you’ve come along. Saving money is only half the battle, being consistent is the other half.

      The Truth on Why You Keep Failing

      Saving money isn’t sexy. If it was, wouldn’t everyone be doing it?

      Some people are natural savers, but most are impulsive spenders. Instead of denying that you’re an impulsive spender, embrace it.

      Don’t try to save 60 to 70% of your income if this means you’ll live a miserable life. Saving money isn’t a race but a marathon. You’re saving for retirement and for large purchases.

      If you’re currently having a hard time saving, start spending more money on nice things. This may sound counterintuitive but hear me out. Wouldn’t it be better to save $200 each month for 12 months instead of $500 for 3 months?

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      Most people run into trouble because they create budgets that set them up for failure. This system won’t work for those who are frugal, but chances are they don’t need help saving. This system is for those who can’t save money and need to be rewarded for their hard work.

      Only because you’re buying nice things doesn’t mean that you’ll save less. Here are some rules you should have in place:

      1. Save more than 50% of your available money (after expenses)
      2. Only buy nice things after saving
      3. Automate your savings with automatic bank transfers

      These are the same rules that helped me save thousands each year while buying the latest iPhone. Focus only on items that are important to you. Remember, you can afford anything but not everything.

      How to Foolproof Yourself out of Debt

      Personal finance is a game. On one end, you’re earning money; and on the to other, you’re saving. But what ends up counting in the end isn’t how much you earn but how much you save. Research shows that about 60% of Americans spend more than they save.[1]

      So how can you separate yourself from the 60%?

      By not accumulating more debt. This way you’ll have more money to save and avoid having more financial obligations. A great way to stop accumulating debt is using cash to pay for all your transactions.

      This will be challenging, depending on how reliant you are with your credit card, but it’s worth the effort. Not only will you stop accruing debt, but you’ll also be more conscious with what you buy.

      For example, you’ll think twice about purchasing a new $200 headphone despite having the cash to buy them. According to a poll conducted by The CreditCards.com, 5 out of 6 Americans are impulsive spenders.[2]

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      Telling yourself that you’ll have the discipline to not buy things won’t cut it. This is equal to having junk food in your fridge while trying to eat healthy–it’s only a matter of time before you slip. By using cash to make your purchases, you’ll spend less and save more.

      A Proven Formula to Skyrocket Your Savings

      Having proven systems in place to help you save more is important, but they’re not the best way to save money.

      You can search for dozens of ways to save money, but there’ll always be a limit. Instead of spending the majority of your effort saving, look for ways to increase your income. The truth is that once you have the right systems in place, saving is easy.

      What’s challenging is earning more money. There are many routes you can take to achieve this. For example, you can work long and hard at your current job to earn a raise. But there’s one problem–you’re depending on someone else to give you a raise.

      Your company will have to have the budget, and you’ll have to know how to toot your own horn to get this raise. This isn’t to say that earning a raise is impossible, but things are better when you’re in control right? That’s why building a side-hustle is the best way to increase your income.

      Think of your side-hustle as a part-time job doing something you enjoy. You can sell items on eBay for a profit, or design websites for small businesses. Building a side-hustle will be on the hardest things you’ll do, be too stubborn to quit.

      During the early stages, you won’t be making money and that’s okay. Since you already have a source of income, you won’t be dependent on your side-hustle to pay for your expenses. Depending on how much time you invest in your side-hustle, it can one day replace your current income.

      Whatever route you take, focus more on earning and save as much as possible. You have more control than you give yourself credit for.

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      Transform Yourself into a Saving Money Machine

      Saving money isn’t complicated but it’s one of the hardest things you’ll do.

      By learning from your mistakes and rewarding yourself after saving you’ll save more. What would you do with an extra $200 or $500 each month? To some, this is life-changing money that can improve the quality of their lives.

      The truth is saving money is an art. Save too much and you’ll quit, but save too little and you’ll pay for the consequences in the future. Saving money takes effort and having the right systems in place.

      Imagine if you’d started saving an extra $100 this next month? Or, saved $20K in one year? Although it’s hard to imagine, this can be your reality if you follow the principles covered in this guide.

      Take a moment to brainstorm which goals you’d be able to reach if you had extra money each month. Use these goals as motivation to help you stay on track on your journey to saving more. If I was able to save thousands of dollars with little guidance, imagine what you’ll be able to do.

      What are you waiting for? Go and start saving money, the sky is your limit.

      Featured photo credit: rawpixel via unsplash.com

      Reference

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