It’s worrying that over 80 percent of Americans are living paycheck to paycheck. In fact, only 40 percent of people could even afford to pay $1,000 in an emergency.
That’s why the pandemic that has swept across the world is causing many Americans with troubling finances even worse problems. If you’re already in debt and struggling, less income certainly isn’t what you need right now.
Are you concerned about how you’re going to be able to pay your bills this month? You need to work out how you’re going to increase your income during the lockdown.
Fortunately for you, there are tons of ways to increase income during the coronavirus crisis. Do you want to know more? Check out our tips below!
1. Sell Your Stuff
Around one in four Americans claims to have a clutter problem. Who doesn’t have stuff they never use or need?
You might not be surrounded by trash nobody wants. Remember, one person’s clutter is another’s treasure.
Start to sell your stuff online to earn more money. This is a great way to boost your income without having to leave your home.
Simply set up an account to sell your stuff on Facebook or eBay and watch the cash roll into your bank account.
2. Teach Something Online
You don’t have to be a qualified teacher to earn money online teaching. Do you speak a foreign language? Are you awesome at math?
If you have the knowledge and skills to teach someone, then why don’t you try to make money through teaching online?
There are a bunch of websites to promote your teaching skills online. Then you can just set up a Skype or Zoom chat to share your knowledge for cash.
3. Publish an E-Book
Have you suddenly got a lot of time on your hands? There is never going to be a better time to write the book you have been storing in your head for years.
When everything is written, you can self-publish your book as an e-book on Amazon. Promote it with social media and help spread the word about your e-book.
Not sure what to write? Writing anything from an adventure novel to a business self-help book could be the answer to your financial woes.
You might even be able to turn your book into an audiobook so that people can listen to your book as well.
4. Shop for People Who Need It
Not everyone can travel to the store right now to pick up groceries. So, you can offer a helping hand to your community for a bit of spare cash.
Going to the store anyway? Ask your neighbor if they need any groceries and tell them your fee for delivery.
Shopping for groceries is a great way to help you pay your bills while supporting your neighbors during the pandemic.
5. Write a Blog
Do you enjoy writing?
Whenever you put pen to paper, magic happens. Why not try to make some money out of your talents?
Launch your own blog now. With online advertising and strong branding, you could find yourself earning top dollar from your blog.
If you want to start making cash now, then consider writing for someone else’s blog while you set up your own.
6. Become a Virtual Assistants
Many people are working remotely from home at the moment. Since you don’t need to go into the office anymore, you may as well become a virtual assistant.
You can earn an even better salary if you’re an organized person. You’ll thrive arranging your employer’s admin while you’re on lockdown.
All you need is a smartphone and laptop to get everything done from the comfort of your home.
7. Realize Your YouTuber Dreams
Have you always wanted to be a YouTube influencer? Now is your chance to launch your video career!
Do you have the DIY knowledge to help people struggling to fix things at home? Are you able to run make-up classes on YouTube?
Just set up your YouTube channel and start making videos yourself. If you get enough subscribers, the cash will start rolling in too.
8. Request a Raise
Did you know that half of Americans haven’t had a raise in over a year? The current economic crisis probably isn’t going to be the best time to request more money from your employer.
But, what choice do you have? If you’re still working through the lockdown, then you have every reason to get more money for your troubles.
9. Apply for a Loan
Are you in need of cash? You might need to apply for a loan. Just calculate how much money you need to borrow and how you’re going to pay it back.
You don’t want to find yourself in debt after the pandemic. This could turn your tough financial problems into a money meltdown.
If you have already ruled out everything else, you could be left with applying for a loan as your last option.
10. Ask to Borrow From a Relative
Do you have any wealthy relatives who might be able to lend you money? You might feel awkward asking for cash, but it’s a surefire way to boost your income.
Just make sure you keep track of everything you borrowed so you can pay it back when you’re back on better financial footing.
Ways to Increase Income in the Lockdown
If you’re struggling to pay your bills, then you’ll need to get creative to increase your income during the pandemic.
Getting extra cash when you have to stay at home all of the time isn’t easy. But, there are a bunch of clever ways to make money in the pandemic.
Do you want to discover more ways to increase income? Check out everything you need to know to earn extra cash on our blog.
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