Monday, July 26, 2021
HomeMake MoneyHow to Make an Extra $500 a Month

How to Make an Extra $500 a Month

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There's no doubt making an extra $500 a month would be nice for just about anyone.

You could use it to boost your savings, pay off high interest debts, or invest it for your retirement. Either way, you'll need to have a plan to get the money you desire.

In this post, I'll explore how to make an extra $500 a month, the best ways to make $500 a month online, and much more. Let's get started!

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Why You Should Make an Extra $500 a Month

Making $500 a month of extra income can be a great way to reach your financial goals. Below are some common reasons you might want to make an extra $500 a month.

Pay Off High Interest Debts

High interest debts like credit card debt and student loans can wreak havoc on your finances.

These debts can cost you thousands of dollars each year in interest alone. By making an extra $500 a month, you can pay down these debts to save money and get your finances back on track.

Diversify Your Income

There's nothing more dangerous for your finances than depending on a sole income stream.

What happens if that source of income suddenly dries up?

Cue the anxiety, depression, and stress.

By diversifying your income, you'll become less reliant on a single income stream (namely – your job), and can live with less stress.

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Upgrade Your Lifestyle

While I don't recommend this reason, some people will take their extra money to purchase items like a new car or television.

While this is okay in moderation, lifestyle creep can make managing your finances difficult. Whether it's upgrading your home, purchasing a new toy, or eating out more – try to limit these temptations as much as possible.

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How to Make an Extra $500 a Month

Below are my top ways to make an extra $500 a month for anyone. If you need extra money, keep reading!

Make Money With Online Surveys

Are you going to make an extra $500 a month with online surveys alone? No.

But they can be a great start to help you make extra money each month.

One of my favorite reasons to start with online surveys is because they can be completed by anyone at any time. There are no skills required to make extra money by taking surveys online.

Another reason to use survey sites is that many of them will offer a welcome bonus that can amount to over $25! (What's better than free money??)

Want to get a free $30 welcome bonus? Register with RewardSurvey now to claim your free money!

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Some survey companies will pay up to $50 per survey you complete. While this won't happen for every survey you take – you might be surprised.

There are many survey sites you can register for. Below are my favorites:

One of the best hacks when it comes to taking surveys is to register for multiple survey sites to take advantage of every welcome bonus possible. Many survey sites offer the ability to have cash deposited into a PayPal account or redeemed for free gift cards. If you choose free gift cards – be sure that they are to places that you would normally use.

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How to Make an Extra $500 a Month - Apps

Make Money Online Referring Friends to Apps

If making money online is your priority, one of the easiest ways to make extra money is by referring friends and family to various apps.

For example, Swagbucks offers a great referral bonus when new members sign up with your referral link.

Here are some of my top apps to earn referral cash:

Sometimes certain apps like InboxDollars will offer promotional deals when you refer friends. These announcements will only come after you register so be sure to sign up for all of the apps to get the best deals.

Opinion Outpost is one of my favorite survey sites because you can get paid via PayPal when you take surveys online. You can earn over $25 per survey completed!
Sign Up Now!
Disclosure: This link is an affiliate link, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.
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Invest Wisely to Make $500 a Month

Investing is one of my favorite ways to make extra money each month because of how easy it is to get started.

There are many investment options to make passive income each month.

You might be thinking you need a ton of money to get started investing but that couldn't be further from the truth.

You can get started investing with as little as $5.

Below I'll explore some of the best investment options to make passive income.

How to Make an Extra $500 a Month - Invest

Stock Market Investing

The most common investment vehicle is the stock market. By purchasing stocks, you'll in essence purchase a small portion of a large company.

If the company makes more money and grows, your stock will be worth more to investors and you can sell it for a profit.

Another way stocks make money is through dividends in which the company pays out a small portion of their profits to investors via a cash payment.

If you want to get started investing with stocks – download the Stash app. This free app allows you to invest in all of your favorite stocks, ETFs, and mutual funds to grow your money. Plus, if you register with the link below, you'll get $5 free to invest!

Stash is one of my favorite ways to easily invest with no minimum amounts required. Sign up below to get started! Plus, you'll get $5 for free when you deposit your first $5!
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Disclosure: This link is an affiliate link, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.

Real Estate Investing

Real estate is another common investment option to build your income and make an extra $500 a month.

With today's technology, investing in real estate has never been easier. Whereas traditionally, you'd need to have enough capital to purchase a rental property, now you can invest in crowdfunded real estate with much less money required.

For example, with PeerStreet you can invest in real estate with less than $1,000 required to get started. Register below to start growing your money with real estate!

PeerStreet is an one of my favorite real estate investing platforms. There are many options available for every type of investor and you can get started today for free. Sign up below! Open my Account
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How to Make an Extra $500 a Month - Crypto

Cryptocurrency

While I personally don't view cryptocurrency as an investment, many people do.

You can purchase cryptocurrency and wait for it to grow in value before selling it for a profit to make money.

To get started, register with Coinbase below to purchase your favorite cryptocurrencies like Bitcoin, Etherium, and many more.

Coinbase is my favorite way to buy and sell many different cryptocurrencies including Bitcoin and Bitcoin Cash. Sign up below to get started for free!
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Ibotta - Cash Back

Get Paid to Shop Online

If you need quick cash, using cash back apps is one of my favorite ways to earn money without any work required.

Apps like Ibotta are a great way to earn extra money by shopping online. If you're about to make a large purchase, be sure to take advantage of these apps to get free money.

I have earned hundreds of dollars in cash back with Ibotta so far. It's super easy and completely free to use. Register for Ibotta here to start making money shopping. Plus, you can upload receipts manually when you grocery shop to earn even more.

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You can choose to have your cash deposited directly into a PayPal account or you can use your cash rewards to earn free gift cards.

With Ibotta you can get a free $20 just for registering and completing your profile. Plus, you can get paid for grocery shopping and more! Register below!
Register Now!
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How to Make Money Without a Job - Dog Walking

Pet Sit to Make Extra Money

Pet sitting is arguably one of the most fun side hustles to make extra money. Some might even consider it passive income because you don't actually need to work to earn extra money.

With pet sitting you can get paid to watch over animals during your nights, weekends, and any other time you have available.

Who wouldn't want to get paid to play with dogs??

My favorite platform to make extra cash pet sitting is Rover. This free platform will connect you directly with animal owners to help you earn extra cash each month.

The amount of money you can make will depend on your location, the number of animal under your care, and the length of the stay. It's easily possible to make an extra $500 a month with pet sitting. Sign up below to get started!

With Rover you can get paid to walk dogs, pet sit, and more. Sign up below to get started!
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Dog Walking to Make an Extra $500 a Month

Just like pet sitting, dog walking is another fun way to make extra money in your spare time if you are an animal lover.

The pay will depend on your location, but it's possible to make over $20 per hour walking dogs.

Work as a Virtual Assistant

Working as a virtual assistant can be an easy way to make money on the side with absolutely no experience required. You'll simply need an internet connection and some free time to get started.

So what exactly does a virtual assistant do?

In short, just about anything. A virtual assistant will commonly be tasked with sending and responding to emails, posting on social media, and making website updates as needed.

The pay for a virtual assistant varies depending on your skills, but it's entirely possible to make over $15 an hour for your work.

To find work as a virtual assistant, you'll want to search for website owners who might be overwhelmed with tasks. You can also find work via freelance websites like Upwork or Fiverr.

If you want to expand your earnings as a virtual assistant – learning new skills is vital.

Utilize Credit Card Rewards

Now that you know the power of cash back apps, credit card rewards can be a way to β€œdouble dip” with your earnings.

While an extra 1%-2% may not sound like a lot, it can certainly add up throughout the course of the year.

In addition to cash back apps, this is the easiest way to earn free money because you don't have to do anything to get it.

Credit Card Rewards Make Money Doing Nothing

Find Credit Card Bonuses

Not only do many credit card offer cash back when you spend, but many will offer lucrative welcome bonuses that can amount to a few hundred dollars.

The trick here is to find credit cards that offer significant bonuses and use it to only purchase things you were going to buy otherwise.

For example, I recently signed up for a credit card that offered a $500 bonus when I spent $3,000 in the first 3 months of owning the card. Because I had planned to purchase $1,500 in electronics immediately, I only spent $1,500 to reach my bonus (which I easily spend on monthly expenses like my phone, internet, and groceries).

If you can do this a couple of times a year, you can earn over $500 in free money.

But this comes with a word of caution: if you are not responsible with credit cards, avoid this method. Because credit cards have extremely high interest rates – the bonus may not be worth the cost.

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Find Bank Account Bonuses

Just like credit cards, many banks offer lucrative new account bonuses worth several hundred dollars and typically have simple requirements.

Many bank accounts will offer a few hundred dollars in bonus money when you create a new account and connect a direct deposit.

YNAB is my favorite platform to manage all of my personal finances and keep track of my money. Sign up below to get started for free!
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Utilize a High Interest Savings Account

Traditionally savings accounts generate extremely little interest but you'd be surprised how many people still use them.

Many new savings accounts offer much higher interest that can be as much as 10 times that of a traditional savings account.

My favorite high yield savings account is CIT Bank. When you open a new account you can earn up to .5% on your savings. They are FDIC insured and have zero maintenance fees. Open your free account below!

Say goodbye to .1% APRs and say hello to .4% APRs with a CIT Bank Savings Account. Open your account below to start growing your money!
Register Now!
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Start an Online Business

Online businesses can be a great way to make extra cash each month in your free time.

By starting a blog or website – you can easily earn an extra $500 a month or more online.

If you want to earn money from your online business, you need to have a strategy.

For example, my own blog earns passive income through a variety of methods: affiliate marketing, display advertising, and an online course.

Before starting an online business it's a good idea to know exactly what you want and how you will get there.

For my blog, I picked a niche I was interested in – personal finance. From there, I implemented a strategy to gain traffic to my blog (SEO) before monetizing it with affiliate marketing and display advertising.

If you're looking to make money fast – an online business isn't your best option.

Blogging can take years to grow, but once it starts to gain steam – it can make thousands of dollars each month in passive income that only requires a few hours of work each week.

There are many pros and cons of the various monetization strategies for your blog or website. For example, affiliate marketing can be an easy strategy to start – but you'll need to have a dedicated audience to start making serious money.

Starting your own blog can be more than about money. Some people will choose to start a blog to help others or relay their thoughts to others. There are many types of blogs you can start, the key is to start!

To start a blog, purchase a domain name through Namecheap (this is the cheapest domain registrar I've found costing less than $10 a year).

Next, purchase hosting with SiteGround (they offer the best support and it costs less than $10 a month).

Finally, install WordPress (it's free and easy to use) and start creating content!

Related: How to Start a Blog

SiteGround is my favorite hosting platform to easily start a blog. They have top-notch customer service and prices starting as low as $7 per month. Sign-up below!
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Start Freelancing

Freelancing is an excellent method to make an extra $500 a month for just about anyone.

If you have a full time job you can work as a freelancer on your nights and weekends to build your income and make extra money.

One of the most common types of freelancing, freelance writing is a great option for those with strong writing skills who have a passion for putting thoughts on paper.

To get started with freelance writing you can register on sites like Upwork or Fiverr. These sites will connect you with businesses in need of your services and it will give you more control of your earnings.

Another way to find freelance writing clients is by obtaining referrals from previous clients or connecting with other writers. Sometimes whenever a writer becomes overwhelmed with work, they might offload some of the work to other freelancers capable of completing the work.

Pick Up a Part Time Job

While this is the least attractive method, picking up a part time job is one of the most reliable ways to make money each month.

If you aren't keen to working in person, there are many online jobs you can find to work from home to make money.

Related:Β I Need Money Desperately! Get Money Urgently & Fast

Tutoring School

Become a Tutor

Making extra money by tutoring can be an easy way to earn some additional cash given you have the right skills and expertise.

If you're looking for some extra cash to supplement your full time job, tutoring is a great choice.

There are a few paths for tutoring: online and in person. Both have a few pros and cons.

For example, with online tutoring you can make money from your own home if you have a stable internet connection but you might find it harder to teach students.

With in person tutoring you might find it easier to teach but you'll need to commute to an office or your clients home to complete your work.

Depending on how much money you're looking to make – tutoring is a perfect method to build so extra income.

It's possible to make over $30 per hour tutoring for more advanced courses or more difficult subject matter.

Related: Easy Jobs for Retired Teachers

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Start a Small Business

If you want to be your own boss and set your own hours, starting a small business can be a great way to earn an extra $500 a month.

There are many profitable businesses you might consider starting to make extra money.

Whether you choose to start a rental business or a service based business, starting a business can be challenging.

To better your chances of success, you'll want to create a plan to market, operate, and grow your business efficiently.

Some of my favorite small businesses include:

Your business is going to take some time to grow. You cannot expect it to become a massive venture overnight.

To make an extra $500 – dedicate the hours and effort to grow your business and watch the income build.

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Make Money Online Watching Videos

Did you know you can get paid to watch videos online?

That's right. With sites like Swagbucks and InboxDollars you can make money when watching videos in your spare time.

This can be a great way to make extra money online each month during your free time.

While you aren't going to make a fortune doing this, every penny counts.

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Make Money Playing Games

Just like watching videos, you can also get paid to play video games with sites like Swagbucks.

Generating extra income by playing games is probably one of the most fun ways to make quick cash in your spare time.

To get started, register for Swagbucks below!

Donate Plasma

Donating plasma can be an easy way to make an extra few hundred dollars each month.

The entire process can take a couple of hours to complete and you can earn around $60 for each donation you complete.

In addition to the cash benefit of donating plasma, there is also the benefit of possibly saving a life along the way.

If you don't like needles, this side hustle might not be for you.

Complete Yard Work for an Extra $500 a Month

Yard work can be a great way for kids to make extra money each month.

Completing work like laying mulch, cleaning gutters, or mowing grass can be excellent options to build your income.

Depending on the type of work you complete, it's possible to charge over $30 per hour for your time.

To find work, chat with friends, family, and neighbors. If that doesn't yield any work – use apps like Craigslist or the Nextdoor app to connect with other neighbors in the area.

How to Make $50 a Day - Food Delivery

Make an Extra 500 Dollars a Month Delivering Food

Delivering food can be an easy way for anyone with some free time to make an extra $500 a month.

The pay will depend on how efficient you can be and the area you live. Some drivers are capable of making over $20 per hour delivering food with Doodash.

With Doordash, you can set your own schedule and work as much as you want. You'll need a vehicle and smartphone to get started.

You can be your own boss and enjoy the flexibility of choosing when, where, and how much you earn. All you need is a mode of transportation and a smartphone to start making money. It’s that simple. Sign up below!
Start Earning!
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Create an Online Course to Make $500 a Month Online

While some people would put this method of making money under online business, I think it deserves it's own category.

Online courses can be extremely lucrative for some content creators.

With some courses costing thousands of dollars – just a few sales a month could do the trick.

You'll need to spend some time planning and creating your online course, but once it's completed – it can bring passive income for years to come.

One strategy some creators use is by offering a free course that comes before a larger, more comprehensive, and costly course. This free course is designed to bait you into the larger more expensive course that provides more knowledge.

Sell Crafts on Etsy to Earn Money

Etsy has gained massive popularity over the past few years granting many entrepreneurs the opportunity to make some serious money.

Depending on your skills and interest, there are many crafts you can make and sell for a profit.

From handmade jewelry to candles, making money on Etsy can be extremely worthwhile.

Sell Stock Photos to Make Extra Money

If you need extra cash and you have a few hours each weekend, selling stock photos online can be a fun way to make money and earn extra income.

You'll need to have a quality camera and be knowledgable with photo editing software to become a successful stock photographer but once you have these – the money can start stacking.

You can list your photos on an online marketplace like Shutterstock where you'll earn a portion of each photo that is sold.

Selling stock photos is a great way to make extra money on the side. While not everyone will be successful, it's worth a shot.

Related:Β How to Sell Stock Photos and Make Money

Become a Mystery Shopper

Mystery shopping is an easy way to make some extra cash every month doing something you'd normally do – shopping.

Many companies will gladly pay to get a better understanding of how their locations are performing.

With this side hustle, you'll get paid for each trip you complete. They are typically spaced out over the course of a few weeks to gauge if any improvements were made off of the feedback you provided.

The pay for mystery shopping can sometimes be a mystery. But it's common to make around $50 to $75 per shopping trip. Not too bad!

Wash Cars to Make Money

Car washing and detailing is a great option to make money and it's relatively easy to get started.

You'll need to purchase some basic supplies to get started but these will often cost less than a couple of hundred dollars.

Once you have the supplies in hand, you can get paid and start making money washing and detailing different vehicles.

It's possible to charge anywhere from $50 to over $100 per car you clean but it will depend on your location and the vehicle's condition.

Flip Furniture

Are you creative and want to make extra money?

Flipping furniture could be for you!

With flipping furniture, you'll want to first source distressed pieces of furniture like at a thrift store or garage sale.

Once you find a good candidate to flip, purchase it and proceed to restore it. Once you have it restored to your liking, you can sell it for a profit on sites like Facebook Marketplace or Craigslist.

Flipping of any kind is all about how much effort you put in. For those who dedicate more time to finding the best deals, you can make a lot more money than those who do the bare minimum.

To succeed with this side hustle try to dedicate a few hours each weekend to source furniture that's ripe for flipping.

Start a Print on Demand Business

Starting a print on demand business is a top notch side hustle to can help you make some serious money.

The concept of this business is quite simple – you'll print items on demand with custom designs that are sent to your company by the customer.

You'll need to equipment to get started, but once you've purchased all of your equipment, this business can be extremely profitable.

Make Money Building Websites

Flip Websites

If you have some basic knowledge of digital marketing, you can flip websites for a profit to make money online.

Did I mention how much money you can make?

With website flipping, your earnings are essentially uncapped.

The more websites you can flip successfully, the more money you can make.

If you want to make extra money online – flipping websites can be a fun way to profit from your time.

Start a Bookkeeping Side Hustle to Make an Extra $500 a Month

This side hustle is slightly more unique than many others in that you'll need to have some accounting knowledge to get started.

If you don't have these skills just yet – don't give up!

Using websites like Skillshare you can learn many different skills to make money.

Get 14 days of FREE access to hundreds of classes in design, business, and more. Boost your skills, boost your income. Get started below!
Register Now!
Disclosure: This link is an affiliate link, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.

Start a YouTube Channel to Make $500 a Month

While you might not think of YouTube of a money making machine – it can be for some of the most famous YouTubers.

By utilizing affiliate marketing, channels are able to monetize their videos with ads and earn a significant income doing so. Just ask Ryan Kaji – who made $29.5 million in 2020 from his channel.

Complete Odd Jobs to Earn Cash

Completing random jobs around the home can be a simple way to boost your income and make money for those who are handy.

For example, mounting a television may not require much work for you but it can net you around $100 per television. Talk about an easy way to make an extra $500 a month!

Teach English

Similar to tutoring, teaching English can be a reliable way to make extra money.

When you teach English you'll need to be fluent in the language and understand other languages as well.

If you have the skills required, teaching English can be an excellent method to pad your pockets and boost your income each month.

Work as a Personal Chef to Earn $500 a Month

Are you passionate about cooking?

Working as a personal chef can be an excellent side hustle to earn some extra money each month if you have the right skills.

If you want to make even more money, you can craft a menu for the individual or family you are working for and charge them more for it.

Babysitting to Earn an Extra $500 a Month

Babysitting is another great job for teens looking to make some extra cash as long as you're willing to give up your nights and weekends.

Babysitting can be a good way to make money because of how easy it is. You'll be tasked with watching over any younger children – keeping them safe and fed.

The pay for babysitting will depend on your location and the number of kids you are watching but it's possible to earn over $30 per hour.

Start a Drop Shipping Business

Just like a print on demand business, a drop shipping business can be quite lucrative for those with enough capital to fund the venture.

With drop shipping, you'll purchase items directly from a manufacturer and they will get shipped directly to the customer. In other words – there is no inventory to carry and hold.

The downside of this business is how competitive it can be. Unless you are one of the top customers, it can be hard to get your costs low enough for it to become profitable. With that noted, there are thousands of people and companies that make a living off of drop shipping.

Make Extra Money Testing Websites

Did you know you can get paid to test websites? This unique side hustle can be a great way to make extra money on the side.

The pay is decent too. You can earn $10 for every 20 minutes of testing which is equivalent to $30 per hour.

Testing websites is an easy way to earn money in your spare time.

Rent Your Car for Cash Each Month

Looking for one of the easiest ways to make an extra $500 a month? Renting out your car is likely it.

Granted, you'll need to have a few circumstances align to allow it to happen.

Firstly, you'll need to own a car. Secondly, you'll need to not have a use for the vehicle for at least one day. If you don't need your vehicle for a day or more – renting it out on sites like Turo or Getaround can be an excellent way to make extra money each month. Even if it's just a few days a week – this is arguably the simplest way to boost your income.

Sell Printables Online to Make $500 a Month

Printables are one of the newer and more lucrative methods to make extra money for some creators.

When you sell online be sure to consider the costs involved (namely the processing fees) as these can add up.

Depending on your interests, there are a few ideas you might consider. For example, someone who is interested in fitness could create a workout routine printable to earn money.

To earn even more, you could consider using affiliate marketing to partner with other creators and give them a portion of the proceeds you generate for each sale they generate.

House Hack to Make $500 a Month

House hacking can be an excellent method to lower your living expenses and make money each month.

In simplest terms, you can think of house hacking as having someone else pay a portion of your mortgage each month in exchange for allowing them to live with you.

For example, if your mortgage is $1,000 a month – you could get a roommate that pays half (or more) of that amount to lower your costs.

Podcasting Passive Income

Start a Podcast to Make Passive Income

Podcasts are another form of content creation that can be extremely profitable if you have the right skills.

The costs to get started podcasting are quite minimal. You'll need a computer, microphone, and some basic audio editing knowledge and software to build your podcast.

By creating a podcast you can make money through affiliate marketing or sponsored advertising spots that can generate thousands of dollars a month.

Podcasting will require you to be consistent to build and grow your audience. Just like other forms of content creation, it isn't going to happen overnight.

However, once your audience has grown your passive income portfolio can start to grow exponentially with every new episode you put out.

Try Domain Flipping

Domain name flipping can be a great way to earn some extra cash during your spare time.

Just like other forms of flipping, your success will be determined based on how much effort you put in.

For those willing to dedicate the time and work – you can make a full time income domain flipping.

The process is pretty simple to understand. First you'll need to purchase one (or a few) domain names that you believe will either go up in value over time or you think are worth much more than they are selling for.

Next, you'll want to find potential buyers to uploading a sales page to your domain for potential buyers to contact you.

I recommend using Namecheap to purchase domain names. It is the lowest cost way to get started with domain flipping.

Pricing your domains is often the most difficult part of domain flipping. Ultimately, the amount your domain is worth is completely arbitrary.

Sometimes domain registrars will offer promotions during which you can score a free domain name.

NameCheap is my favorite domain registrar to easily purchase your next domain name. They are extremely affordable with domains costing less than $9. Sign-up below!
Get Started!
Disclosure: This link is an affiliate link, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.

Collect Recyclables to Make an Extra $500 a Month

Despite what you might think, recycling can actually be a profitable venture for some individuals.

By collecting recyclables like aluminum cans, plastic bottles, or other items you can sell them to your local recycling center for cash.

You'll need to have a way to transport your recyclables but this can be a simple (and green!) way to make extra cash every month.

Sell Clothing on Poshmark

While this isn't a reliable way to earn reoccurring money, this can be a great method to earn quick cash.

Start by downloading the Poshmark app on your phone. Next, go through your clothes, shoes, and accessories to find items you haven't worn in some time. Finally, list them on Poshmark to sell.

This can be a super easy way to make a few hundred dollars if you have clothing laying around.

Related:Β How to Make Money on PoshmarkΒ [Complete 2021 Guide]

Start a Lead Gen Business

Local companies are willing to pay top dollar for qualified leads that you can bring them. This makes starting a lead gen business an excellent choice to make extra money each month.

Here's a breakdown of how it could work.

Let's say you start a lawn care lead gen business. You'll create a website with your information on it and drive traffic to the site. Whenever someone visits the website and fills out a form or gives you a call, you can then sell this info to local lawn care companies to do the work.

For example, if a lead wants a weekly lawn mow that costs around $50, you could sell this lead to a company for a couple of hundred dollars. Multiply this number out and you can visualize how much money you can make.

With this business, you won't actually have to do the work instead you'll outsource the work to another company and collect proceeds.

In order to succeed with this business, you'll need to master digital marketing to obtain leads. There are a couple of primary ways to do this: SEO or paid advertising. By getting your website on the first page of search engines like Google you can obtain copious amounts of leads that you can sell to companies.

Sell Gift Cards for Cash

Did you know you can sell your partially or unused gift cards for cash?

If you have some unused or partially used gift cards consider selling them to get the money you need desperately.

While you won't get the full value of the card, it's common to get around 80% of the cards worth.

Work as a Social Media Management Consultant

Social media can be a landmine for small businesses looking to promote their offerings with a limited budget.

The issue is, many of them don't know how or where to get started.

By offering social media management, you can help these businesses grow and make some extra cash each month.

Social media can be one of the most entertaining ways to make an extra $500 a month.

Become a Proofreader

Proofreading is a great job for those with an eye for accuracy and detail.

By searching for grammatical errors and punctuation mistakes you can make some extra money each month.

How do you find work as a proofreader?

Freelance sites like Fiverr or Upwork are two of the best places to start. If these aren't for you, you might try connecting with writers online through social media.

Flip Electronics

Have you ever cracked the screen on your smartphone? Okay – we all have at one point!

There is a massive market for fixing and selling smartphones for a profit.

It works like this.

First, purchase a broken phone online through sites like eBay. Sometimes you can find lots of broken phones that might contain 5+ devices. Make note of the condition of the devices so you can understand how much work (and money!) it will require to be repaired.

Next, depending on the devices condition, fix it will a kit you can find online. These kits usually include all of the tools and instructions required to complete the repair.

Once fixed, you can sell them in a refurbished condition for a profit.

If you can purchase a bulk lot of devices, you can typically lower your costs to maximize your earnings. As you become more experienced and comfortable fixing devices you'll begin to see your income rise.

If you want to make even more money, you can consider flipping other devices outside of smartphones. For example, tablets and televisions can make for great options.

Rent Storage Space to Make an Extra $500 a Month

Do you have some extra room in your garage that you can use to store things?

By offering your space to neighbors you can make some extra money each month.

The amount of money you can make will depend on your location and the size of the space available but it's certainly possible to earn a few hundred dollars a month.

License Music Online for Extra Income

Attention all musicians! If you like to make music, why not get paid to do it??

By creating stock music and licensing online for others to use you can earn passive income that can last a lifetime.

By using sites like AudioJungle or other stock music sites you can license your music to earn additional cash.

Transcribe Audio to Make Money

While transcription might not be the most fun method to earn some additional money each month, it is a reliable way for just about anyone to boost their income.

There are many transcription jobs on freelance sites like Fiverr or Upwork but you might also try Speechpad to get additional work.

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Β 

Clean Homes For Additional Money Each Month

Do you enjoy cleaning? If so, there's money to be made cleaning homes.

You'll need some basic supplies to get started than can usually be purchased for less than a few hundred dollars such as a vacuum, soaps, and other supplies.

The amount of money you can make will depend on the size of the home you are cleaning and how efficiently you can get it done. Some cleaners will choose to charge an hourly rate while others will charge for the price of the home entirely.

Make Money Moving

Become a Mover

No one likes to move. Especially heavier items like appliances and furniture.

If you have a larger vehicle like a truck, you can use it to make money by offering moving services to others.

You'll need to be in good physical condition for this side hustle but it can be a good way to drop a few pounds while simultaneously earning money.

Depending on your circumstances, you can charge per hour or give a full estimate to move the entire home.

Pool Cleaning

If you live in an area with a warmer climate, there are likely pools that need to be cleaned.

You can make extra money by offering to clean pools for homeowners.

Just like other cleaning services, you'll need to purchase some basic supplies that typically cost less than a few hundred dollars.

To find clients, consider passing out flyers or posting your services on social media.

Participate in Paid Medical Studies

For some people, paid medical studies can be an easy way to make extra money if you are in the right circumstances.

Because medical studies will require you to have a certain medical condition, sometimes it can be difficult to find studies you qualify for.

But don't give up. Some studies will pay a significant amount if you complete it.

Be sure to consider the risks of the study before committing to it. Sometimes to side affects can be serious and life threatening.

Make Extra Money Woodworking

Are you good at crafting and woodworking? You can make good money with these skills.

Making wooden furniture can be a great way to make extra money each month if you already have the equipment.

Between saws, drills, screwdrivers, and other pieces of equipment, this side hustle for be quite costly if you don't already have the tools required.

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Start a Video Editing Side Hustle

Video editing can be a fun way to make some extra money if you have the software and knowledge to do it.

You can find clients on freelance sites or approach small businesses to complete social media videos for them.

Tips for Uber Drivers to Make More Money

Become an Uber or Lyft Driver

If you have a car or truck, driving for ride hailing services like Uber or Lyft can be a great way to make extra money on your spare time.

Depending on your location, it's possible to earn over $25 per hour driving for these services.

You'll want to consider the costs of car maintenance, gas, and insurance when calculating your profits.

Because these services allows users to tip drivers, those who offer excellent customer service can make even more. Some tips for drivers include:

  • Offer complimentary bottles of water to customers
  • Give riders the opportunity to choose what music to listen to
  • Drive safely
  • Be approachable and chat to those interested

Related:Β Tips for Uber Drivers to Make More Money

Offer Music Lessons

Another side gig for musicians is offering lessons to teach others.

With this side hustle you can make extra money in your spare time. Depending on the musical instrument you play, it's possible to earn over $50 per hour.

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Become a Personal Trainer

As the number of people overweight increases, personal training services will continue to thrive.

To get started, you'll need to become certified – which is more affordable than you may think. There are several online fitness training programs that cost less than $1,000 to become certified.

Once certified, you can start offering your services online or in person. You can work at a local gym or fitness center although the establishment will likely take a portion of your profits.

As a personal trainer you can make over $30 per hour for those with the right experience.

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Can I Make an Extra $500 a Month Online?

Absolutely! Making money online is my preferred method to make extra money.

With some online methods like blogging, you can earn passive income each month that grows over time. By building an online community and connecting with your audience you make good money online.

Another great option is using survey sites to make money on the side. Taking surveys a few times a day can be a simple way to earn more money each month.

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Final Thoughts on How to Make an Extra $500 a Month

As you can tell, there are many potential ways to make an extra 500 dollars a month.

Whether you choose to start a side hustle or use survey sites to make money, the key is to combine a few methods to maximize your earnings to get the cash you desire.

When learning how to make an extra $500 a month be sure to have a plan in place to reach your goal.

Do you have a favorite way to make $500 a month? Comment below!

Forrest
Forrest is a personal finance, entrepreneurship, and investing enthusiast dedicated to helping others obtain life long wealth. He owns several different blogs and is also passionate about health and fitness.

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