Have you cut costs so much that nothing more can be slashed from the budget? Then it’s time to look at how to increase your income, so you can afford a bit more of the good life.
There are plenty of easy – even fun – ways to make money on the side.
As we continue our series on how to Beat The Squeeze, here are some money-makers that anyone can do right now, with minimal effort.
Side hustles: As the cost-of-living crunch bites there are plenty of easy – even fun – ways to make a little extra money
Go on holiday for free
Planning a big summer holiday? Rent your house to friends or through Airbnb while you’re away — and earn enough to pay for your trip. Check your home insurer and mortgage provider allow this first.
Usually, Airbnb charges are split between host and guest, with the cheapest rate being 3 per cent of the nightly price, plus a cleaning fee and additional guest fee, if applicable.
Or rent out your home as a filming location. Production teams are always looking for properties.
Register your home on sites such as shootfactory.co.uk or lavishlocations.com. If your property is chosen, you could earn from £500 to £2,000 a day.
Rent out your garage or drive
If you have a driveway or a garage that you don’t use, you could rent them out to drivers who need to park their car in your area.
People who live near a station, a sports stadium or shopping area can make regular money by allowing others to park at their homes.
Cash for parking: Websites such as JustPark.com and Parklet.co.uk will advertise your space to drivers looking for a spot
Websites such as JustPark.com and Parklet.co.uk will advertise your space to drivers looking for a spot.
You could make £50-£250 a month, depending on location. If you live near an airport, you could increase your income by including a shuttle service to the airport.
Home in on an income
Earn up to £7,500 a year tax-free from renting out a spare bedroom. If you’re not keen on hosting a stranger in your home full-time, try a part-time lodger instead.
Use website Mondaytofriday.com to offer your spare room to people who only need …….