You could do many things in your free time to earn extra money. You can use the extra cash you make to pay off your debts in time or earlier than they’re due and escape unnecessary charges and penalties.
Unfortunately, most people are unfamiliar with these hacks or are afraid to try them.
This article has lined up ten part-time jobs to help you raise extra cash to pay off your loan on time.
10 Side Hustle Ideas to Make Money and Pay Off Debt
1. Start A Blog
Starting a blog is one of the best ways of making extra cash. However, it’s not an instant revenue-producing niche—growing a blog can take several months.
While its growth process is slow and takes a lot of work, the potential of a website is almost limitless—with top-notch quality and consistency, your blog will give you at least $500 per month.
The beauty of blogging is that you can (and should) start one on a niche you love most, so it will be easy to write about.
Starting a website is affordable. You’ll only need to spend on hosting plans, domain names, and designing.
The budget may vary with your hosting company and web designer, but generally, you can get one as low as $200. If you don’t have the cash, you can secure cash loans wired in 1 hour from Viva Payday Loans.
2. Tutoring
This is the best side hustle for teachers or individuals with incredible skills in a specific niche.
For example, there’s high demand for English teaching services from non-English speaking countries. This could be your breakthrough if you’re good at speaking and teaching English.
Another good thing about this venture is the difference in time zone. This will allow you to do the tutorials after your regular job and at the comfort of your house.
Starting a tutorial side-hustle is relatively cheap. You only need a good lighting system, a camera, and a mic. You can also conduct manual tutorials in your locality.
3. Online Freelancing
Freelancing offers numerous ways of making money online. There are tons of skills that you could provide and earn in return, including writing, reading, making videos, marketing on social media, bookkeeping for organizations, etc.
Easy and profitable fields you can try in freelancing are online transcription, virtual assistance, and social media management.
You can start by opening an account with any freelancing websites; Upwork, Fiverr, Flexjobs, Guru, among others. The potential in this space is limitless.
4. Rent Your Car
Renting cars is an excellent way of creating passive revenue, which you could use to pay off your debts. If you don’t use your vehicle often, perhaps you work from home or prefer using public means, you can hire it.
Some websites allow car owners to list their vehicles for hire. You only need to set your price and indicate the availability of your car, and interested clients will contact you directly. You can make lots of profit monthly.
5. Buy And Resell Stuff
Buying and reselling things is among the fastest money-producing side hustles you can try out. The most important thing is searching for cheaper places to buy from and potential customers to sell to. Also, you can do it either online or offline.
Thanks to technology, buying and reselling stuff is now easier and more profitable than ever. You can easily buy items online at wholesale prices and resell them on online markets such as Amazon or eBay and make a good profit.
6. Deliver Food And Groceries
Food and groceries delivery services are a fast-growing trend in the USA, making it to the list of the best side-hustles to venture into. This is a lucrative field, especially if you’re thinking about making money with your car but don’t want to carry people or rent it out.
The major downside of this venture is that if you treat it as a part-time job, you may not make much money: many clients order food and groceries between 11 am to 1 pm, and you’d probably be at your workstation during this time.
7. Create Stuff To Sell
If you don’t like scavenging for items to sell, and you’re talented at crafting things that you can sell, this could be an idea to pursue. From crafting stationery and one-of-a-kind presents to home products, paintings, and downloadable items, the opportunities of selling your craft are endless. What’s more, you can market your items online and get clients.
8. Take Online Surveys
This is one of the places you can make extra cash online and use it to pay off your debts. While it’s a low-paying space, you can easily do it in your free time. It’s a common side-hustle for college students.
Although the returns are low, you don’t need to employ complicated skills or invest cash.
9. Ridesharing
This is one of the most talked-about side hustles: it features one of the best side jobs since you can do it anywhere, any time. If you want to earn extra bucks at 3 am, you still can do it.
These jobs give you the luxury of earning anytime you want (in your free time) and on your terms.
10. Babysitting or Dog Sitting
Do you enjoy the company of kids or dogs? You could make extra cash while working as a dog sitter or babysitter in your free time.
However, finding people who want their kids or dogs to be watched can be tricky. You can always explore apps that connect you with people searching for such services.
ALSO CHECK: Can You Get A Payday Loan With A Credit Score Of 550?
Bottom Line
You’ll need to make certain sacrifices to raise extra cash if you’re struggling with debts. This post has given you some of the best side-hustles that you can use to pay off your loan fast.
And with technology, you can market skills and expand your network to earn more. Best of all, you can deliver your skills on your terms.
