Apart from the senseless and unending government shut down, the year 2019 has started-off in an excellent way. This year, graduates with a bachelor’s degree can expect to earn an average of slightly over $50,000 with the highest paid being graduates in engineering math and sciences. That’s according to a study by Korn Ferry published by CNN’s Money magazine.
Moreover, unemployment has been on the downward trend, dropping below 4 percent for the first time in more than a decade.
Surely, this is good news for the millennials.
Unfortunately, good times don’t last for long and despite the good job prospects; many American millennials struggle to attain financial stability.
According to a report by Smart Asset in 2017, the average monthly cost for renting a 2 bedroom apartment in 15 major US Cities in 2017 was well over $1,500. Residents of San Francisco California had the highest rent bill at $4,189 and Phoenix, Arizona had the lowest at $958.
It’s easy to see why American millennials struggle to save. It’s simple, they need money for rent. That is, perhaps apart from those who live in Phoenix.
In a study by the Joint Center for Housing Studies of Harvard University, it was found out that by 2013, several millennials used more than 30 percent of their hard earned cash on rent.
In fact, the rent bill has become an incessant deterrence to the financial stability of millennials.
But that doesn’t have to be your story. If you’ve been struggling to save because you need money for rent, below are amazing ways you can solve your rent woes without touching your paycheck.
1. Rent Sections of Your Apartment
Why don’t you start by turning part of the problem into a solution?
You know that your apartment is too big for you and chances are that you hardly get to use some of the bedrooms. If it’s not a dumpster accruing clutter, then perhaps you are using it as a gym or a study.
Consider renting out that part of the apartment by signing up as an Airbnb host. Yes, there are downsides to it but it’s really easy and you get extra bucks to bridge your rent bill without touching your paycheck.
Plus, think about all the interesting people you could connect with.
2. Participate in Online Surveys
If you don’t mind filling forms and clicking here and there to answer survey-type questions, well, why not get paid while you are at it?
Businesses pay survey companies for your opinion and you can make money simply by just participating in online surveys. Sure, there are scams out there, but also there are legit sites.
All you need to have is an internet-linked gadget, a couple of minutes; fill out a registration and voila! You are ready to start making more than $300 each month by participating in online surveys.
Check out these top survey sites that will give you cash in exchange for your opinion.
3. Teach a Skill
As a kid, did you spend hours on the piano or mastered an instrument? Have you mastered a skill and you are willing to teach others?
You don’t have to be a cool pianist to make money; you could have been the math whiz at school in your formative years or a teacher. The point is, you could make serious bucks from your unused skills by teaching others.
You can go around the neighborhood and offer to teach kids or adults for a fee. If you prefer to reach out online, you can make a ton of cash by registering on platforms like VIPKID and offer teaching services.
If you are 21 years and above and have a clean record and wonder what else you can do with your nice car, you can use it to make extra bucks.
So, you can still have your 9 to 5 gig intact and make extra bucks during odd hours or weekends.
5. Pickup Gigs on Fiverr
A survey by the Freelancers Union and the giant freelancer platform Upwork revealed that over 50 percent of the US workforce will be comprised of freelancers by 2027. Although these numbers have been questioned, it’s easy to note freelancing is the new gold mine.
Popular platforms such as Fiverr are easy to register and scout for gigs. You can pick up short tasks to do whenever you have some extra time on your hands, accumulate the pay use the cash to offset the rent bill.
6. Write or Proofread for Pay
If you are a talented writer, you could use that skill to make money and sort out your rent woes.
There are publications out there that are craving for your skills. There are several bloggers, e-commerce sites, leaders, teachers and many more who don’t have the time or the skill of a writer.
Better still, sites such as Iwriter provide an excellent interface for talented writers and would-be clients. So, roll up your sleeves, and get ready to write for pay.
You can earn as much as $50 for an hour’s job.
However, more than just writing, you can make cash proofreading what others have written. Check out proofreadanywhere for smart ways you can make cash as a proofreader.
7. Dog walk or Babysit
If you are a pet lover, you can make cash while hanging out with your pals.
You know that many pet lovers in the U.S. struggle to get time to walk their dogs or hang out with their pets. So, use your free time to do for them a favor – at a fee of course.
The same happens with parents. They are always looking for opportunities to go out and re-discover their dating days. However, the challenge has always been finding a baby sitter.
If you don’t mind giving up your Friday night or Saturday night and love hanging out with kids, offer your parent-friends the much-needed service of babysitting at a fee. Alternatively, you can sign up to be a baby sitter online at Care.com.
8. Earn some Cash Testing Apps and Websites
Are you a techie? You can rapidly generate extra cash by testing new Apps and Websites. You’ll get paid up to $10 for a 20 minutes testing session and giving your opinion on the app or website.
You’ll need to have a microphone and webcam to do most of these testing but that’s easy to get these days. Besides, you’ll make a lot more money and cover the costs of a new webcam, microphone, and even your rent.
9. Perform Odd Jobs for Cash
Have you noticed an overgrown lawn in your neighborhood or perhaps a neighbor’s front porch that needs some snow shoveled out. Whatever you may have noticed, you can make cash from these tasks.
Whether it is mounting and installing a piece of equipment, helping an old neighbor to pack and move, or a new neighbor to assemble the furniture, you can make anywhere between $50 and $100 or even more per project. Just check out TaskRabbit and start making that extra cash.
10. Start a Freelance Bookkeeping Business
Learn to be a bookkeeper and launch your virtual bookkeeper business on learntobeabookkeepeer. If you already have the bookkeeping skill, you can also learn how to launch a virtual bookkeeping enterprise, run your business and generate new clients at your own pace.
Moreover, the training at learntobeabookkeepeer is free and you can seal deals worth over $30K in a day!
11. Sell Your Gadgets Online
Have you been accumulating electronic gadgets in your apartment? Perhaps they comprise the clutter you need to get rid-off that is piling in your extra bedroom.
You can get rid of the extra gadgets in a creative way, and make some cash for your rent by selling them on Swappa.
Don’t hold on to stuff that you do not use or need, sell it conveniently on Swappa and use the cash for something you really need, rent.
12. Make money from Your Online Activity
Get paid in cash and gift cards for doing stuff that you love, such as shopping online, watching online videos, taking surveys, playing online games and just searching the web.
How do you do it? Just register with Swagbucks and start off with a starter bonus of 30 SB points and can gain 20 to 60 SB points in a day, just by being active on Swagbucks. The SB points can turn into cash, for instance, you can get a $5 gift card from Amazon.com for 450 SB points.
What’s the catch? There is none. In fact, Swagbucks has paid over a quarter of a billion dollars in rewards to its members.
13. Sell Your Freelance Photos
If you are into photography, you can take freelance photos and sell them on websites such as Shutterstock and Dreamstime. You don’t have to be a professional but skill is rewarded. Plus, the more you learn about photography, and the demand for photos of particular themes, the more you can zero in on taking high-paying photos.
14. Work at Starbucks
Working at Starbucks requires more commitment than the ordinary freelance or part-time gigs you’ve been looking at. However, it is rewarding and a sure way to get cash for your upcoming rent bills.
If you can hack an average of 20 hours per week, then you’ll qualify for a host of benefits including paid vacation, tuition reimbursement, medical insurance cover and participate in the company’s 401(k) program. In addition, each time you use a Starbuck gift card, you earn Starbuck reward points that can qualify you for lots of benefits.
15. Become a Mystery Shopper
Every day businesses want to know the first-hand experience of their customers. They do this via mystery shoppers. Market research companies are willing to pay you an average of $12 to $25 on each assignment to go to mystery shop and report on your experience.
In addition, you’ll get lots of freebies that’ll help you cut on your monthly purchases.
But, watch out for scams, especially websites which ask for payment in order to enlist you as a mystery shopper.
16. Find a Roommate
It’s highly likely that you are not the only one in your city who needs money for rent. A timeless solution has always been to share the cost.
You can check your former college mates or friends from your neighborhood if they would like to be your roommate and share the rent and utilities.
It’s an excellent way to cut down on living costs, but first, you have to check with the landlord and ensure there’s no breach of the lease contract.
17. Lastly, Talk to Your Landlord
Finally, if you are still not making enough from all these side gigs, or you still need money for rent even after getting a roommate, try talking to your landlord and negotiate the rent downwards.
Yes, you can negotiate your rent and if you’ve been there for a while and a really good tenant, you may just be surprised that the landlord could be willing to cut a few hundred dollars off your rent bill.
Just plan in advance, make sure you are honest with the request and be optimistic.