Are you getting tired of barely having enough money left at the end of the month? If you’re living payday to payday, budgeting a lot and trying to save at the same time, it’s not unusual to feel rather skint. With the cost of living on the rise and pay rises few and far between, more and more workers are looking for innovative new ways to supplement their regular income from home, giving them more money to pay their essential bills and expenses without having to compromise on spending money for leisure or putting away money to save. If you’re considering supplementing your income, here are just a few ways in which this can be done.
Rent Your Parking Space
If you have a specific parking spot that belongs to you, renting it out during the time periods when it is not in use by yourself can be an excellent way to make an extra income. For example, if you work from nine until five each weekday, people who also work these hours close by to your home could benefit from leaving their car in your parking space for a fee, rather than paying expensive pay and display car park prices or braving busy multi-story carparks. With car parking prices on the rise and more and more roads being marked with double yellow lines, safe and cheap parking spaces are definitely in demand. Click here to find out more about making an income from your parking space.
Rent Out Storage Space
Do you have a room, garage or even a shed at your home which is just sitting empty? If the answer is yes, you could be losing out. As the price of secure storage facilities are constantly on the rise, more and more people are looking for cheaper alternatives when it comes to storing their things. Whether it be due to travel, a house move, or any other reason, there’s always somebody looking for a secure room or other area in which to keep their belongings, whether it be for just a few days or a few months. If you have an empty room, don’t let it go to waste – you can let your spare room out to travellers, as a long-term let, or even as storage space.
Host a Student
Do you have a spare bedroom in your home that’s barely ever used? Hosting a student in your home could be a great way to make an extra income, as well as have a roommate. Many mature students or international students look for rooms in existing homes rather than going into student halls due to the fact that it’s often cheaper and can be more comfortable. Hosting a foreign student can also be a hugely rewarding experience, especially if you’re interested in learning another language – it can be a great way to help each other.
Would you like to add to this list? We’d love to hear from you in the comments.