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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 January 8, 2021

      How To Pay Off Credit Card Debt Fast: 7 Powerful Tips

      How To Pay Off Credit Card Debt Fast: 7 Powerful Tips

      Ever wondered whether your credit card debt is the reason you’re in a bad financial situation? You can’t enjoy any fun activities because a good chunk of your money goes toward debt payment. Heck, you’re even behind on some of your monthly bills.

      The effects of clumsy debt management are too many to list here. This guide is going to help you discover how to pay off credit card debt fast and start chasing your financial goals.

      Debt problems are the last thing anyone wants to encounter. But things can get out of hand when all the “little debts” you take accumulate in interests.

      What if you knew some simple and proven ways to be debt-free quickly? Implementing them would mean better financial health for you. It becomes possible to free up cash for your “wants.” These include taking a trip or buying something you’ve always desired. All that while paying your bills on time!

      Let’s not wait any longer. Here are 7 powerful tips for paying off credit card debt fast:

      1. Pay More Than the Minimum Credit Card Payments

      Many people only pay the monthly minimum on their credit cards. Truly, that’s the right amount for staying on good terms with your credit card company. But you need a different approach if you’re looking to achieve financial independence within a short time.[1]

      Most of your payments go toward interest costs when you only pay the minimum amount. A substantial sum of your balance remains standing. As a result, it becomes more expensive to eliminate your debts.

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      You don’t want to wait more than 10 years to get rid of debt while it’s possible to do it sooner. All you have to do is double that $100 minimum payment to $200 or go higher.

      The good thing is that minimum credit card payments are affordable in most cases. By paying a higher amount, you reduce your interest costs, lessen your borrowing period, and boost your credit score.

      2. Start With High-Interest Credit Card Debt

      If you have more than one credit card debt, prioritize putting the extra money toward the ones with the highest interests. This debt pay-off strategy, known as the debt avalanche method, is essential for being debt-free quickly.[2]

      First, you need to list down all the credit card debts you have in the order of their interest rates. Next, you choose the one with the highest interest and pay a significant amount toward it each month. It can be an amount twice or even thrice larger than the minimum payment.

      At the same time, you make monthly minimum payments on the other debts. Their interest charges won’t be as costly as that of the first debt on your list. You only move on to the next high-interest debt after the first one is gone. Remember that your focus is on the interest rates and not the balances.

      3. Revisit Your Budget

      Budgeting is useful for tracking your financial moves. Once you create a budget, some tweaks along the way can make it work for you better. One situation that requires you to revisit your budget is when you’re struggling with debts. It might hurt a bit to slash some expenses. But you also don’t want to miss out on achieving financial freedom in the long run.

      You can reduce some variable expenses to free up more cash for credit card debt payments. They’re the ones that change from time to time. Some examples are groceries, fuel, and clothing.

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      Other opportunities for cutting down your spending lie in non-essential expenses. Instead of dining out all the time, you can cook at home more to save money. You can also share some subscriptions with friends and pay a fraction of the cost.

      If you’re determined enough, you can eliminate all your unnecessary expenses and focus on paying off your credit card debt first.

      4. Avoid Using Your Credit Cards

      Do you want to know how to pay off credit card debt with a low income? One simple way is to stop using them. Having your credit cards everywhere you go means that you’ll be more tempted to buy unnecessary stuff. In this case, you spend money that you don’t really own and get deeper into debt.

      The quickest fix to stop the debt build-up is spending with cash. You’ll be more aware of everything you can afford at any particular time. If you decide to keep one or two cards to ease the transition, always make wise choices. For instance, only use them when experiencing financial difficulties.

      It’s best to categorize your fun activities under “discretionary spending” in your budget. This way, you won’t need more debt to kill your boredom. By halting your credit debt from accumulating, it’s easy to pay down what you already owe and be happy with the progress.

      5. Start a Side Hustle to Boost Your Income

      You’re probably turning away a lot of money by not monetizing your skills. Everyone has something that they’re good at doing. And you can use that to generate extra income for attacking your credit card debt.

      If you look around your neighborhood, you can find several side hustle opportunities. It can be pet sitting, tutoring, or lawn mowing. You can start an online business by offering services such as digital marketing, content creation, and web development. Such skills go in high demand on freelance sites and job boards.

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      Finding clients on social media is also a good strategy to utilize your skills and make more money. Facebook groups, Quora Spaces, and subreddits are some places to look for side jobs. You only have to join a niche-specific platform, share your services, and respond to any opportunities.

      It’s possible to learn a skill, practice it, and earn from it. Use the free resources online or purchase some e-courses to get started.

      6. Sell Your Used Items for Extra Cash

      Starting a side hustle isn’t the only way to generate extra money. You can turn unwanted items into cash for paying off credit card debt. Whether it’s an old TV, book, or furniture, there is always someone itching to buy your used stuff.

      A garage sale, as much as it’s old-fashioned, is perfect for getting your neighbors and passers-by to buy from you. You keep all the money because there are no business permits or taxes involved. While you may not make much cash, it’s better than leaving your stuff to go defunct in your storage.

      Other than that, you can sell your used stuff on online marketplaces. Facebook groups are great places to start if you want quick approvals and hence sales. You only have to ensure that your listing follows Facebook’s commerce policies.

      When selling any pre-owned items online, ensure they’re in good shape to avoid problems with your buyers.

      7. Know When to Seek Help With Your Debt

      Asking for help with your credit card debt can be challenging to do. But letting it drown you is a road you don’t want to take. While you may feel embarrassed at first, it’s the best way to get back on track when you run out of options.

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      There are tons of non-profit credit counseling organizations that can offer you free guidance on how to escape the debt trap. An example is The National Foundation for Credit Counseling. They simply review your finances and help you determine the source of your financial problems. After that, they match you with an actionable debt management solution.[3]

      In extreme cases, the debt solution can be:

      • Debt relief – where your debt is partially or wholly forgiven
      • Debt consolidation – taking out one loan to repay others
      • Debt settlement – the creditor forgives a significant portion of your debt
      • Bankruptcy – legal process for seeking relief from some or all your debts

      It’s necessary to carefully weigh your options before deciding on the way to go. Find out how it might affect your credit score and any other risks.

      Wrapping It Up

      Debt is a major setback when you’re trying to prosper in life. Paying off credit card debt is essential if you want to reach your financial goals. That means having more free income, a good credit card score, and even a chance to retire early. You become more productive each day because of the peace in your mind.

      So, you now have some tips on how to pay off credit fast. Go ahead and get rid of that good life progress killer!

      More Tips on How to Pay Off Debt

      Featured photo credit: rupixen.com via unsplash.com

      Reference

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