How to Make Extra Money in Six Months

Later this week, we’ll celebrate the first official day of summer. While we’re enjoying warm, sunny days and all the fun that goes along with them, it’s not too early to start thinking about a significant holiday that takes place during our cold, snowy months – and the costs associated with it. Now’s the perfect time to find new ways to supplement your bank account for upcoming holidays and celebrations. Here are a few suggestions to make extra money in the next six months.

SELL YOUR UNWANTED ITEMS

Everyone loves a good garage sale. Sort through your belongings, take advantage of the nice weather, and put a few tables out on the driveway. If you have larger, valuable items but you don’t have time to prepare for or work a sale, list them on eBay, Craigslist, Facebook Marketplace, or another resale site. Sell unwanted clothing at a consignment shop. Take vintage dishes, jewelry, or other items to an antique store for appraisal. You might be surprised to find that the items you’ve had tucked away on a storage room shelf for the last decade are actually worth something. Bonus: you’ll declutter your home at the same time!

START A HOME-BASED, DIRECT SALES BUSINESS

From makeup and skincare products to kitchen tools and environmentally-friendly cleaning supplies, direct sales organizations offer a wide range of options for enhancing your regular income. With so many people (and potential customers) online and on social media, it’s possible to create a successful side business without leaving home. Choose an opportunity that most excites you, read up on the requirements, determine start-up and ongoing costs, and talk to current consultants to learn more about their experiences.

DRIVE OR DELIVER

More and more people rely on app-based services like Lyft, Uber, Shipt, Instacart, and Rover. This type of side gig is perfect for people who love to drive, shop, or even walk dogs, and you can work according to your schedule. Most offer a quick, easy online sign-up so you can get started right away.

OFFER FREELANCE SERVICES

The possibilities are endless for freelance, work-from-home opportunities: proofreader, virtual assistant, medical transcriptionist, and more. A quick internet search will pull up a variety of options as well as online classes and webinars to help you get started.

SHARE YOUR TALENTS AND KNOWLEDGE

Teach others the things that you know best. Offer piano lessons, create a class for community ed, or contact local arts or educational organizations to find opportunities to share your talents with others.

With any side gig or business, remember to look into any income tax requirements.

The Bank of Elk River offers a variety of personal and business banking products and services. Contact us today to learn how we can help as you set your goal to make extra money in the coming month.