If you need extra cash to pay down debt or save money, there are plenty of ways to earn money online. From automating your bank account to selling your photos through an app, it’s possible to boost your cash flow without ever leaving your couch.
To help you find the best options available to earn more money, we’ve put together a list of 18 ways to boost your savings. Take a look:
1. Open a new bank account
Switching banks can sound like a daunting task. But many banks offer bonuses to people who sign up for an account, set up direct deposit and use their debit card. Some of these perks can add up to hundreds of dollars a year.
Chime’s Automatic Savings program, for example, connects your savings account to your debit card. Every time you use the card, Chime rounds up the transaction to the nearest dollar and transfers the round up amount directly into your savings account. Cha-ching!
2. Use a cash-back website
Sites like Topcashback, Ebates and Swagbucks offer cash back when you use their shopping portals to shop at your favorite retailers. Ebates and Swagbucks even have browser extensions that notify you if you’re eligible to score cash back on a site you’re visiting. Some stores offer upwards of 10% back.
3. Get rid of your stuff
Unless you’re a staunch minimalist, you likely have unused items lying around. Why not sell your stuff on sites and apps like Craigslist, OfferUp, eBay and Facebook Marketplace. Wouldn’t you rather get paid for those books you’ve already read?
4. Sell your photos
Are you an amateur or budding photographer? You may be happy to find out that you can actually turn your photos into cash. Foap is an app that allows you to get paid for the pictures you take on your phone.
Just upload your images, and if a brand, agency or individual wants to buy your photo, you’ll get paid five dollars through the app. There’s no limit to how many times you can license the same photo.
5. Lose weight
Shedding a few pounds isn’t always easy, but earning cash to do so can be an extra motivator. HealthyWage and DietBet are two websites that reward you for betting on yourself. If you achieve your goal, you get paid.
Here’s how it works. You track your weight throughout each challenge and work toward a specific goal. How much you earn typically depends on the type of challenge you choose, the amount you contribute to the pot at the beginning, and how many other people achieve their goals.
6. Go grocery shopping
Clipping coupons can be time-consuming. Why not use an app to save money on groceries instead?
Ibotta, for example, is a cash-back app that offers rebates on various items and products at your local grocery store. All you have to do is choose which products in the app to buy, then take a picture of your receipt after you’re done shopping.
7. Find unclaimed money
It may sound unbelievable, but it’s possible that you’re owed hundreds or even thousands of dollars. You may have refunds from various merchants, old savings accounts and other sources. You may have completely forgot that you even had these accounts in the first place.
The National Association of Unclaimed Property Administrators is an organization which maintains a database of unclaimed money for individuals in each state. To see if you’ve left money on the table somewhere, visit Unclaimed.org. Check your current state of residence as well as other places you’ve lived to make sure you don’t miss anything. If you find missed money that belongs to you, you’ll need to answer some questions to prove your identity. You’ll then provide your current contact information and voila, a check will arrive in the mail.
8. Shop for a new car insurance policy
If you’re a good driver, a 2017 NerdWallet report shows that you could save $416.52 per year by shopping around for car insurance. Wow.
Where to start? Compare at least three or four car insurance companies to see if you can get a better deal than what you’re currently paying. Also, call your current insurer to see if it’s willing to match the lower rates you find elsewhere. Make it a habit of negotiating and seeking lower auto insurance rates once a year.
9. Get rid of unwanted gift cards
From time to time, we all get gift cards to retailers we would never shop at. Instead of letting these unwanted gift cards gather dust, sell them online through websites like Raise or Gift Card Granny. Depending on the brand, you can get up to 80% or 90% of the card’s face value in cash.
10. Get crafty
Do you like to make beaded jewelry, handcrafted ceramic pots or anything else that’s artsy? Etsy is a popular website for people with a talent for crafts. If you have been thinking about selling your wares online, why not just do it?
Your earnings can vary depending on the quality and demand for your products, but it’s possible to earn some serious extra dough from your hobby.
11. Rent out a room
This option is best if you live in a popular tourist destination or major city, and you’ll have to be comfortable with having strangers stay in your place. But it’s possible to earn hundreds if not thousands of dollars a month. As an example of how much you can earn, a quick search on Airbnb for a private room in Chicago yielded an average rental rate of $109 per night.
12. Lend your money to others
Investing in the stock market can be risky, especially if you’re a newbie investor. Instead, consider investing in people by lending some of your cash and earning interest.
LendingClub and Prosper are top peer-to-peer lending marketplaces that allow you to lend money to people looking to borrow in the form of personal loans. LendingClub claims historical returns of three to eight percent a year and Prosper says you can earn an estimated return of 7.3% on average.
13. Invest your spare change
If you like Chime’s Automatic Savings program mentioned above, you may want to consider Acorns, a micro-investing app. All you have to do is connect your bank account or credit card. Every time you use your card or checking account, Acorns will round up the transaction to the nearest dollar and invest the round up amount in exchange-traded mutual funds.
14. Run errands or do handyman work
If you have spare time and the right skills, you can earn some money on the side through TaskRabbit.
The TaskRabbit website matches people in need of home services with “Taskers” who are eager to help and earn extra cash. You can sign up to offer various services, including grocery shopping, furniture assembly, moving and packing, and general handyman work.
15. Online focus groups
Both large and small companies spend a lot of money doing market and consumer research to get feedback on their products. You can participate in such focus groups online through websites like FocusGroup, Fieldwork and Inspired Opinions.
Keep in mind, however, that some focus groups may require that you attend in person.
16. Test out apps and websites
One of the many ways app and website developers make improvements is by asking consumers for their feedback.
UserTesting pays you to use apps and visit websites, and then offer up your opinions. You’ll complete a few tasks while recording your thoughts as you speak them aloud. You can earn $10 for every 20-minute video you complete, for an hourly rate of $30.
17. Use coupon codes
Online retailers often create coupon codes and promotions to entice shoppers to buy something. But unless you receive every retailer’s e-newsletter, you likely won’t ever hear about these deals.
Luckily, websites like Honey and RetailMeNot offer browser extensions that let you know when a website you’re on has available coupon codes. While you’re technically not earning money through these tools, you’ll keep more of your cash in your wallet.
18. Play with apps on your phone
If you enjoy exploring new apps on your phone, you might as well get paid doing it, right?
AppKarma allows you to earn cash and gift cards just for downloading and playing with different apps on your phone. While you won’t get rich doing this, it may be worth it if you have the time and enjoy trying new apps.
Are you ready to save more cash?
There are countless ways to earn money online and boost your savings. The 18 options listed here are just the tip of the iceberg. As you do your own research, you’re bound to find something that suits your skills, passions and wallet.