14 Ways to make money in your spare time
Does it feel like your monthly salary never meets your needs? Are you trying to save some extra cash for that well-deserved holiday? We’ve put together some fun ideas on how to make money in your spare time, without having to work two jobs.
1. Sort your savings
Make sure your savings are working as hard as possible. Don’t sit with the same savings account simply because it’s more convenient. It’s important to keep up to date with the latest offers on the market.
Check out our savings account guide for more information.
2. Online surveys
It is possible to make some extra cash by joining an online survey or marketing research group. Be wary, however, as there are plenty of scams out there. Do not register with a survey website which requires upfront payment from you. Register instead with reputed research communities such as Opinionate or Mobrog. Opinionate will email you when they require a person of your demographic to complete a particular survey. You can be paid anything between R 10 to R 100 per survey. Payment can only be redeemed once your account balance has reached R100.
3. Use cashback credit cards
If you pay your credit card back in full every month, a cashback credit card is a good idea for you. FNB’s credit cards with e-Bucks offers up to 2.5% back on purchases, depending on your banking behaviour. Standard Bank’s MyCard credit card offers up to 1.5% cash back on point of sale purchases. Take a look at our guide on how to use your credit card wisely before applying.
If you are already in debt or paying off your current credit card, do not apply for another card. Rather focus first on clearing all debt. Read our Debt Guide for more information on how to get your finances back in order.
4. Buy goods from stores which offer cashback
This does not mean shopping for the sake of shopping. But if you are going to get that takeaway coffee, then get it from vendors who offer cashback or loyalty rewards. Vida e Café’s credit card offers 5% cashback on every purchase.
Supermarkets such as Pick n Pay also offer cashback rewards, as do local pharmacies like Clicks and Dischem. Take a look at our breakdown of the local Pharmacy Loyalty Programmes for more information.
But be careful of impulse buying under the guise of saving. The point is to enjoy the rewards available on the market for shopping you would be doing anyway.
5. Rent a Room
If you’ve got a spare room available in your house and are in need of extra cash, advertise it for short term lease on websites such as Gumtree. You could rent a spare room to a foreign student by placing an ad at local colleges, universities and language schools in your area.
Alternatively, you could rent a room to businessmen or tourists by advertising your lodging on sites such as www.wheretostay.co.za or www.sa-venues.co.za.
6. Rent out your parking space
As parking becomes more of a problem in inner city environments, many savvy home owners living in these areas have started renting out their parking bays during the day. You can advertise your bay in office blocks near your home, and rent your parking bay out during working hours.
If you live near a sports stadium or concert arena, get smart about renting your parking bay out for tournaments, concerts and events.
7. Jumble Sale
Sell old bric-a-brac at jumble sales. It’s a great way not only to make quick cash but to clear out your cupboards too.
Do you have any china, art or furniture which you suspect might be worth something? Get it priced at an antique shop. And if it turns out to have value, take it to an auctioneer where you are more likely to get a good price.
Then there’s the not-so-precious stuff – that old velvet jacket or that record cover you’ve been holding on to since you were a teenager. Upload it onto www.bidorbuy.co.za for public auction. Someone out there might want it.
9. Start a recycling project
Start a recycling scheme in your area. Not only will you be making extra money, but you’ll be reducing your carbon footprint, too.
For information on glass recycling, contact The Glass Recycling Bank (Tel: +27 11 803 0767), for plastic contact PETCO (Tel: +27 21 794 6300).
10. Recycle your cell phone
Do you have an old cell phone you no longer use? Even if it is slightly damaged or very old, you could turn it into money. Take a look at www.cash4phones.co.za – they’ll value your old phone and buy it from you.
11. Teach someone something
Do you have a skill that could make you some extra money? Perhaps you’ve done a massage course, or know how to sew? Use your skills to earn extra cash – bake cupcakes and sell them at the local market, tailor clothes, start a group Yoga class. Think of something you’re good at, and cash in on it.
12. Get an agent
Being an extra on a film, advert or music video is a fun way to make extra cash. A good agent can help to connect you with production companies looking for extras – even if you’re not a professional actress or model.
Take a look at the Directory of South African Casting & Modelling Agencies on www.rainbownation.com.
13. Get your house an agent
If you live in a large or interesting house, try renting your space out for film shoots. Location agents such as Amazing Spaces (Tel: 425-304-0706 or 425-304-0706), Shoot My House (Tel: +27 82 454 7888) or New Locations (Tel:+27 82 892 7075) will come and take pictures of your house for their books.
14. Converse with English language students
This is a great way to make extra cash in your spare time. Sign up with TOEFL, CELTA or one of the many English language schools in South Africa, and you could earn extra money conversing with students who are learning English.
Try English Access (Tel: +27 11 883 8301), English Language School of Cape Town (Tel: +27 21 422 0000), CELTA and The Language Lab (Tel:+27 11 339 1051) for more information. You could also contact TOEFL or go online to English as a Second Income.
And remember – details change and deals are short lived. To keep up to date with the latest in moneysaving, stay tuned to our weekly newsletter.
*All information and pricing correct at time of publication and subject to change thereafter.