Ways to earn extra cash amid inflation, high gas and food prices

“As inflation continues to rise and daily commodity prices, such as gas, food and housing, continue to rise, millions of Americans have to revalue their monthly budget to stay afloat,” said Andrea Woroch, an expert. in consumption and saving money. “Finding extra space in your budget to pay for a higher cost of living may seem impossible right now, but that doesn’t mean you have to struggle.”

There are several ways to increase your budget and maybe get away from it all for fun in the summer. Woroch offered seven easy ways to earn some extra money to overcome this difficult economic time.

1. Get a new credit card. Is the credit card you’re using working hard for you? A Gigapoints study found that Americans lose an average of $ 1,000 in extra cash each year by using the wrong credit card. With prices ranging from gasoline to groceries and travel, finding a cash back card that offers you additional rewards for these purchases can alleviate these rising costs.

For example, a flat rate rebate card like the American Express Bread Cashback card, which offers an unlimited 2 percent rebate on every purchase with no spending limit, so you always earn more, no matter what you are buying or the type. of unexpected invoice appears. Just be sure to compare credit card repayments and look for great sign up bonuses on sites like CardRates.com.

2. Download money back tools. While it’s important to compare prices and look for coupons to reduce spending, think about how you can turn purchases into extra cash for spending. For example, shop through a money-back portal like CouponCabin.com to make money on everything from groceries and takeaways to clothes and travel reservations. You can earn $ 2.50 on Uber Eats, 2% on GAP, and 2% on Hotels.com. Don’t throw away receipts as they could turn into free gift cards by taking a picture of them using the Fetch Rewards app. You’ll earn points on gift cards for stores like Amazon, Target, or Walmart to make up for future shopping needs.

Even recent shopping trips can turn into a refund in your pocket; Just keep track of price drops on new purchases with Edison Mail’s price alert tool, which will let you know if you qualify for a price adjustment and help you get your money back for the cost difference. .

3. Share your opinion. You can make money these days by sharing your opinion. Sign up for virtual focus groups in Schlesinger Group’s 20/20 Panel to talk about everything from personal care to food shopping habits and travel where you can earn up to $ 500 for your participation in a study. Otherwise, you can make money by conducting online surveys through Inbox Dollars or Survey Junkie, which pay from a few dollars to $ 50 depending on the length of the survey. Or, earn a few bucks by leaving a review via SliceThePie.com.

4. Look for flexible side troubles. Raising your income is the best way to deal with inflation, but getting a second job can be challenging when you have children to look after. The good news is that there are many secondary activities that you can do in your free time and many that you can do from home. For example, you can offer virtual tutoring at night and on weekends through Varsity Tutors, where you can earn about $ 20 an hour, or enjoy pet care to earn up to $ 1,000 a month through Rover.com. This is an especially easy show for someone who works from home and has a garden where dogs can run. Other ideas include leaving deliveries around town while doing errands with the Roadie app, tackling casual jobs for people in your community via TaskRabbit, or searching for online chat jobs in The Chat Shop.

5. Rent your stuff. In addition to having a secondary effort, there are other ways to create additional sources of income, including renting things out of your home. For example, antique baby supplies, such as strollers and high chairs, can be rented to traveling families who do not want to carry these bulky items through BabyQuip.com. If you have a car on your driveway during the week, consider renting it by the hour on GetAround.com or renting your tourist parking spot through SpotHero if you live near a popular attraction. Other unique rental ideas include renting your caravan through Outdoorsy, your hourly pool through Swimply.com, and your home when traveling through Airbnb.

6. Sell unwanted items. Stop by your home to find items you no longer use or want, as these can help you put more money in your pocket. For example, you can sell unused clothing on online shipping sites like Swap.com; old smartphones and other gadgets can be sold for instant cash payments on sites like Decluttr; posting household items and sporting goods for sale on local ad sites such as Mercari and OfferUp; and unused gift cards can be converted into cash by selling on a site like Raise.com.

7. Move savings online. While you may be saving less than before inflation started to skyrocket, you can convert the money you already save into cash for additional expenses by opening a high-yield online savings account. Such online savings accounts offer higher interest rates to help you earn more with those dollars. For example, VIO Bank offers 1.04 percent interest on savings compared to just .001 to .003 percent among traditional brick and mortar banks. The money you earn each month with interest can help offset rising food and gasoline prices.

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