Between school expenses, saving for college, and keeping up with normal household expenses, raising kids gets expensive fast. In fact, parents who have a child today will spend, on average, $284,570 by the time the baby turns 18. As a result, plenty of parents are looking for a side hustle to help make ends meet. To help make your life easier, we’ve compiled a list of parent-friendly money-making tips to help the whole family.
Fill Out Surveys
Of all our free money-making tips, this is the most straightforward. Various online groups will pay you to take surveys for them. In many cases, these are for companies who want you to test or review their new products. Filling out a survey is something you can do anywhere, whether you’re at your child’s soccer match or relaxing after they go to bed.
However, don’t expect to make $20 per survey. Most often, you’re doing well to earn $5 off a single survey. However, if you fill out a lot of surveys, the money adds up!
Become A Delivery Driver
If you have a license, a vehicle, and a smartphone, you can always consider becoming a delivery driver. Especially since COVID-19 shut down many restaurant dining rooms, delivery services have taken off.
The best part? You’re in charge of your schedule. Often, you can expect about $15 an hour working for a service like Doordash. If you worked even four hours in the week, that’s an extra $60 in your pocket! That’s enough to buy your child some new shoes or school supplies.
High-Yield Savings Accounts
As a parent, you probably have some experience with savings accounts. Maybe you’re building a college fund or saving for a down payment on a bigger house. If you want your savings account to compound interest faster, consider opening a share savings account with a credit union.
These accounts provide higher yields on your savings while also qualifying you as a member of the union. And this membership enables you to use many other, tailored services.
Passive Income Money Making Tips
Sometimes it seems like there are more blogs and podcasts than people, but there’s a reason for that. A well-executed blog or website can bring in thousands of dollars in passive income.
In just 20 minutes, you can set up a website that you can use for monetization. With some skillful social media plugging, you can lure in traffic and make money with little effort.
You can monetize a blog as well. If there’s a subject you’re passionate or knowledgeable about, cash in on it with these blogger money-making tips.
Manage Credit Well
One of the best money-making tips is to manage your credit well. Strategic uses of credit cards and personal loans are effective ways of covering financial costs and boosting your credit score.
If you have to cover costs immediately without the above tips, then consult a credit union for help managing your credit.