Are you trying to make extra money from home with minimal effort? While you are unlikely to run a million-making side hustle without your blood, sweat, and tears in it, you can certainly explore other paths that will integrate much better into your lifestyle.
There are plenty of effective traditional methods out there, but in the meantime, you want to consider these 5 low effort tips that can help you save or make money for your household.
#1. Make a charity donation
Did you know that when you donate money to a charity, there is an amount that you can claim as part of your tax reduction allowance? The tax credit donations is a program that welcomes eligible charity organizations. If you donate to one of those organizations, you can reduce your tax liability accordingly. Married couples can even reduce almost twice the amount donated within specific limitations.
So, while this isn’t making money per se, you can still save money while spending it!
#2. Cash in on cashback rewards
Why not maximize your everyday purchases through cashback rewards? This can be an ingenious way to effortlessly save or make money without compromising on essential purchases.
Many credit card companies offer attractive cashback incentives on essential expenditures, such as groceries, fuel, and other routine items. So, it is worth budgeting strategically to utilize these cards for your regular spending. As long as you clear the balance in full each month, you’re effectively earning a percentage of your expenses back.
#3. Leverage spare space for rent
You may not be able to afford a second property, but you can certainly consider renting out a spare bedroom in your home. Platforms such as Airbnb enable you to monetize unutilized spaces inside your own home. Similarly, you can also choose to rent out your entire house while you are away.
There are a few factors to consider first. Indeed, depending on your location, you may face limits as to how frequently you can rent out your own home. Additionally, setting up the space may require an initial investment, Yet, the subsequent management can be relatively hands-off,
#4. Create a digital product
What is a digital product? For example, you could make a Canva template or create photo stocks. Digital products come in all shapes, and can be fully suited to a skill set that you are more confident in.
The main advantage of a digital product is that the product can sell without needing you to create a website or an ecommerce platform. This is a perfect passive income opportunity.
#5. Sell specialist knowledge through ebooks
Do you have a unique knitting pattern? Do you know how to make effective social media videos with a smartphone? Do you have a super diet plan? Regardless of what it is, if you have specialist knowledge, you can share it via an ebook. Your audience can pay to access the information. While this requires an initial effort when creating the document, once it is done, your ebook will just sell itself.
There is no denying that none of these tips will make you rich overnight. However, you can use any of those to fill up the piggy bank and have some financial breathing room. Besides, effortless money-making tips can carry on working in the background while you focus on your day-to-day life.
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