Financial Freedom 101: 5 Side Hustles to Finance Your Home Expenditures

Are you spending a sizeable amount of your income on household budgeting? You’re not alone. A 2023 study by the US Bureau of Labor Statistics reveals that an American household earns an average of $101,805 annually. Of this amount, $77,280 goes to household expenditures.

These alarming numbers prove the need to find alternative ways to fund household spending. Thankfully, there are many options out there, depending on your skills and interests. So, continue scrolling to discover our top 5 side gigs to cushion you from stinging household budgets.

Take Paid Surveys for Good Money

Surveys offer legitimate ways to earn extra money and protect your income from household expenses. You can take an online survey and make quick cash without needing any special skills. Usually, taking a survey may involve answering simple questions or testing and sending a brief review of a product.

Below are a few survey sites to consider:

  • Pinecone Research: This platform pays around $3 per survey.
  • Valued Opinions: Available in 20+ countries, you can make up to $100/month.
  • Survey Junkie: An online research community that pays $0.50 to $3 per survey.
  • Swagbucks: A side-hustle community that pays $0.50 to $2.50 per survey.

Write for Money

Freelance writing is another excellent side hustle you can do in your free time. As an online writer, you can create consumable articles for blog posts, landing pages, or even marketing content. You only need to specify your preferred niche and sign up on numerous platforms to start earning. Most writers charge clients per project or word.

One big plus about freelance writing is that you can do something you love. You can write articles about finance, medicine, home appliances, and other niches that align with your profession. In addition, you can write about your favourite pastime activities, including movies and sports betting and get paid for it. The options are endless. 

Become a Virtual Assistant

A virtual assistant provides remote administrative services. In today’s digital work, you can be a virtual assistant to help people schedule their routines and manage emails. You can also manage a social media platform by making posts and replying to comments.

You don’t need a big budget to become a virtual assistant. The bare minimums are a computer and an internet connection. However, strong communication and writing skills in various languages can give you an edge. So, start small and gather clients as you learn their needs.

Teach Languages

There’s a huge demand for language teachers worldwide. This is especially true in emerging economies like China and the Middle East. In these regions, the demand for international language teachers is very high.

Teaching English and other languages can be a really adaptable side hustle, meaning you can create flexible working hours. The money involved is also good enough to offset a few household bills. A TEFL-certified English teacher can make between $10 and $20/hour for a start.

Selling Homemade Crafts

Sometimes the best money-making idea is to transform your creative hobbies into cash cows. In other words, you can create and sell homemade crafts on platforms like Esty and iCraft. This may involve selling jewellery or unique t-shirt artwork.

To succeed in selling homemade crafts, create high-quality and unique products. You may also need to invest time in creating unique product images and descriptions. Overall, selling an artwork you learnt somewhere is a great way to make cash for your home expenditures.

Conclusion

So, what are you still waiting for? Starting a side hustle in this digital age is easier than ever. You may find yourself pursuing a passion and earning a living in what started as a mere side gig. The key to getting value is to begin small and stay consistent. Success is never too far away.