3 Ways to Make Money from Your Home

Make Money
The following article is a very helpful guest post on some ways to make money from your home.

In current times, every spare penny is a godsend. The cost of living is at an all-time high, and with many people’s wages increasing at lower-than-inflation levels, the amount of money left in your bank account at the end of the month is likely to be dwindling month on month. Thankfully, there are other ways to make some money other than your regular job. Your home is a major asset that you can use to generate an income if you know how. Here are some initial ideas to get you thinking.

Rent a Room
If you’ve got a spare room in your house, one of the best ways you can make money is by renting it out to somebody in need of a place to stay. This might not be ideal or practical for every person, but if the room is genuinely useless, allowing a person to use it will not only provide a good source of well-needed income, it will also be a charitable act that will prevent a person who needs a room desperately from having to pay the sometimes expensive tenancy fees. This can also be a great exercise in learning to be a more patient person, as living with others is known to make all involved more forgiving and patient.

Grow Your Own Food
Super markets are constantly putting up the prices of their produce, so figuring out ways to bypass as much of what they sell as you can will be massively beneficial for your weekly budget. If you grow your own fruit, vegetables, and herbs in a plot in your garden, you’ll save a serious amount of money over the course of a year as these fresh foods can be quite expensive from supermarkets, and you’ll also be able to sell what you can’t eat yourself to neighbours or at a local market. If you don’t have a lot of space, don’t fear – you can grow vegetables vertically as shown on this great Pinterest board.

Making Money from Your Phone
Investment opportunities come in all forms, and you might be surprised by what’s achievable in just your own home There are a number of forms of investment that are open to you that you might not even realise. If you have any art in your possession, you might be surprised of its value. Art is a great form of investment as it’s easy to get started with a collection, and unknown artists will usually sell their work for very little. An alternative is to immerse yourself in the world of stocks, shares and foreign exchange. It’s not intimidating at all now that you have social tools at your disposal so that you can learn from more experienced traders. You don’t need to let trading take over your life, either, as you can check your trades from your phone while you get on with more important aspects of your time at home.

Ultimately, there are a number of ways you can make money from your home, so get savvy, and improve your quality of life.

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  1. Michelle says:

    We rent a room in our home to my sister and her boyfriend. It brings in a nice little bit of cash each month.

  2. Deia @ Nomad Wallet says:

    We used to rent a two-bedroom and got ourselves a roommate. It wasn’t the ideal living arrangement, but it slashed our rent expense by half. Another great option is to do short-term rental through websites like AirBnB.

  3. Elissa @ 20s Finances says:

    It does bring in a lot of money to rent even a single room! Not a bad idea if you’re willing to give up a bit of comfort/living space.

  4. Mike says:

    Yes if you have a room which is no more in use, you can rent it and earn monthly cash from it, also you can consider selling scrap and junk things for recycle like electronics and vehicles.

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