5 Ways to Make Extra Cash While You’re Unemployed

Jan12

Dreaming about money

 

About 9.3 million Americans were unemployed as of September 2014, according to the Bureau of Labor Statistics. If you are looking for a job and panicked about running out of money, fear not—there are a multitude of ways to come up with extra cash while you search. These opportunities are a great way to supplement your income until you find full-time employment:

Use Your Car for Cash

It might be tempting to sell your car to get some extra padding for your wallet, but before you do, consider the many ways you can make money by simply owning that car. Start a side business running other people’s errands or helping people move heavy items (particularly good if you own a pickup truck). If you know your way around the city and own a reliable vehicle, you can also become an independent contractor with Uber. All you have to do is drive strangers to their destinations using your own car; it’s like running your very own taxi service.

Participate in Clinical Trials

Sure, it might not be the most glamorous job in the world, but participating in clinical trials can be lucrative. You’ll also help scientists find better ways to treat, prevent and diagnose disease. However, keep in mind that the higher the pay, the greater the risk. Phase I trials (meaning, it’s the first time researchers are testing a drug) usually pay the most, because side effects are more common. Read the informed consent paperwork carefully. You can find a clinical trial in your area on ClinicalTrials.gov or ResearchMatch.org.

Sell What You Can

If you have collectibles, furniture, electronics or exercise equipment you no longer use, consider selling the items on eBay or Craigslist. Learn what fetches big bucks on these websites, and then scour local thrift stores and estate sales for those goods. If you get periodic payouts from an annuity or structured settlement, you may be able to sell your future payments to J.G. Wentworth for a lump sum of cash. If you hold any stocks and bonds, this may be the time to sell those, too.

Sell Your Unique Talents

On Fiverr.com you can get paid for drawing a picture of a dog, recording your voice in a particular accent or even posting flyers around town. All you have to do is sign up and start selling whatever talent makes you uniquely you. Setting up an account is free, but keep in mind that Fiverr takes $1 for every $5 you make. Nevertheless, it’s an easy way to make a quick buck while doing the things you love.

Make Money House-Sitting

There are people out there willing to pay someone to babysit their home. Although compensation varies widely, the tasks are essentially the same and usually include watering plants, feeding pets, bringing in the mail, light cleaning duties and handling emergency situations that might arise. There is also a lot of freedom involved with the job. You can choose to sit only homes in your area or travel the country as a house-sitter. Additionally, you can earn money while house-sitting by also being a freelance writer, Web design contractor or data entry clerk. Find a house-sitting gig that’s right for you on TrustedHousesitters.com or House Sitters America.

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