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How to make an extra $500 a month
Are you looking for the best ways to make extra money from home today?
I agree that times are tough and we all need extra money to get by each month.
While researching online, I found that more than 50% of U.S. millennials are running side hustles, picking up extra cash outside of their regular day jobs.
According to that same article, 68% of millennials with side gigs describe their additional income as extra spending outside of their normal living expenses. The remaining 32% say they rely on the extra money to cover basic needs such as housing and food.
This is why it’s so important to find ways to make extra money on the side and improve our living standards.
Imagine what you could do with the cash if you can earn an extra $500 a month online? You could pay off your debt, save for a nice vacation or even get a new car!
How to make extra money on the side
Well, in any case, you’re here because you were searching “how to make an extra $500 a month” or “how to make an extra $200 a week”.
With that said, I’m here to show you the best ways on how you can make some extra cash on the side.
In fact, you can potentially make anywhere from $500 to $3,000 in extra money with these creative ideas!
For starters, I recommend giving some of these best online survey sites for money a try. You won’t get rich from them but they are a fun and easy way to earn PayPal cash and rewards during your spare time.
These top survey companies will pay you just for giving your opinion about a product or service.
One of my favorite online survey sites is Survey Junkie because I’m able to make extra cash each month. They pay you as high as $50 per survey and you can join Survey Junkie here for FREE and start earning extra money online!
Overall, how much extra money you make with the side hustle ideas I list below will depend on how much effort you’re willing to put in and how passionate you are with each idea.
I hope this post helps you find something that you’ll enjoy doing while making extra money on the side! 😊
1. Start a blog and make an extra $500 online
I never thought I’d ever say this, but…
Blogging is one of my favorite ways to make extra money today!
If you’re wondering how to an extra make 500 dollars a month online, then one of my top recommendations is to start a profitable blog with my easy step-by-step tutorial.
I always mention this but I’ll mention it again: If you asked me over a year ago, I had no idea that blogs could make money! I didn’t really know what a blog was!
When I first started blogging, I was making $0 and had no clue what I was doing. It was really sad! 😢
But within a year of blogging, my blog grew from earning an extra $500 to my first $1,000! Now, it’s making over $10,000 per month! Seriously, how cool is that? 😲
🌟 I started this blog just over a year ago and now it’s one of my favorite ways to make extra cash ON TOP of my full-time job. I was able to make $5,532.13 in my last month blogging.
You too can start a blog for cheap and learn how to make money with my easy step-by-step tutorial for beginners here.
You can start a blog at a discounted price for as low as $2.95 a month (that’s over 60% off). Plus, get a FREE domain name when you sign up through my tutorial.
This low price is exclusive to Finsavvy Panda readers!
This may not be a free way to make an extra $500 online, but it is extremely cheap to get started!
Looking back, I’m very glad that I took the leap of faith and started a blog as a side hustle. Otherwise, I would still be commuting to my 9-5 job… thanks, but no thanks!
I told myself that if I can afford a cup of latte a month, then it won’t hurt to try starting a blog to make extra money from home. If it doesn’t work out, oh well, at least I’ve tried it and won’t regret thinking about the “what-ifs.”
This definitely beats other traditional business ideas — I don’t know where else you can start a business with such a low investment. I can confidentially say starting this blog was one of the best investments I’ve made this year!
Enroll in my free blog course!
Do you want to make extra money online from home each month?
Are you a beginner and don’t know where to start? Join my FREE 7-day course where I will teach you how to start your blog and earn your first income! 😊
You DON’T need to be the best writer nor an expert in what you blog about!
2. Earn up to $500 a month in extra cash with online surveys
Want to learn how to make 500 a month for free and without paying anything?
Here are some quick wins where you can make extra money or FREE gift cards (your choice) just by sharing your opinion.
I personally use these resources to earn extra money because they are easy to do in my spare time.
Why take surveys? How you can make extra cash today!
All top companies want to understand their consumers so that they can create the perfect products and services for you.
For them to do that, they need to understand YOU and what YOU want. That’s why they are willing to pay you in cash or free gift cards in exchange for your input.
It’s one of the easiest and quickest ways to make extra money online with no experience required.
I’ll be honest though. Taking paid online surveys won’t make you rich, but it feels nice to have an extra $50 to $500 to help with spending each month! 😊
I’m personally a member of a lot of survey sites, but I have two favorites that I always recommend to my readers.
You can rest assured that these two sites are 100% legitimate and non-spammy.
Yes, they are FREE to join and you can start making extra money immediately!
Make Extra Money with Survey Junkie:
I mentioned earlier that this is one of my favorite paid online survey sites.
Survey Junkie is rated 4.5/5, one of the highest on TrustPilot reviews. Their platform is user-friendly and it’s extremely easy to navigate. Easily earning a spot in my top 5 survey sites that I recommend to my friends.
Over 5,000,000 users (including myself) have good things to say about them.
I personally use Survey Junkie and I was able to make an extra $58 in a month during my downtime.
Again, you won’t become the next Warren Buffett or Bill Gates by doing paid surveys, but earning some extra money here and there adds up quickly.
It can help make your spending more affordable. That includes filling up your gas for your car, buying Birthday and Holiday gifts, or even splurging on your favorite drinks from Starbucks without having to cut back so often.
Swagbucks is another one of my favorite free resources to use. It’s like the most popular online survey sites in the world today!
I’ve been using them for 10 years and that’s how I make extra cash and FREE Starbucks gift cards online. This helps me earn free money so that I can splurge on my favorite lattes from Starbucks.
Starbucks may not be your thing and that’s okay!
You can still make money online and earn PayPal cash or other FREE gift cards to your favorite shops like Amazon and Walmart.
Aside from taking surveys, you can also make extra money by searching the web and playing video games, watching videos, shopping online, and more!
Swagbucks is 100% legitimate! My husband and I have earned $9,000 since we started using Swagbucks!
👉💵 You can grab your FREE $5 bonus here from Swagbucks before the promotion is over!
⭐️ Important: To claim your FREE $5 bonus, don’t forget to verify the email from Swagbucks in your inbox!
Make an extra $500 online with these other survey sites:
Other paid survey companies I recommend as a way to make extra money from home include:
- American Consumer Opinion (another survey site I use to earn extra cash)
- MyPoints (Get $5 bonus when you sign up and verify your e-mail from MyPoints)
- InboxDollars (Get $5 bonus when you sign up and verify e-mail from InboxDollars)
Again, membership is 100% free. By signing up for many survey sites, you’ll get to take more surveys for extra money during your spare time.
3. Make Money Online With Pinterest
This sounds silly, doesn’t it?
Nope, I’m not kidding!
You can really make an extra $500 to $5,000 per month with Pinterest (or even more)!
I started with absolutely no experience and wanted to learn how to make an extra $500 a month online. I didn’t even have a Pinterest account just over a year ago. But after putting in the time and effort to learn about Pinterest, I’m now making over $10,000 per month online with Pinterest!
It wasn’t easy and it didn’t happen overnight because I had to learn from scratch, but this proves that it’s still possible to make extra money online!
If you’re excited to learn more, check out my full detailed post for beginners who want to monetize and learn how to make money from Pinterest.
4. Make extra money with your smartphone
Everyone uses their smartphones today!
We use it to message our friends, shop online, scroll through our social media feeds, keep up with the latest trends, and put in quick orders for our delivery.
For crying out loud, we even use it to check our work e-mails (yuck)!
But did you know that you can use your smartphone to make extra money?
Yep, there are many free money making apps that pay you cash or free gift cards just for using them.
It’s another free way to make money during your spare time.
You’re already using your phone for so many things, so why not take advantage of free money when you need cash? 😉
5. Teach English Online
Has anyone ever told you that you’d make a great teacher despite not being one?
Even if no one has told you that but you have a keen interest in teaching, you can apply here with VIPKID to start teaching English online from the comfort of your home. This makes a great side hustle, part-time, or even full-time job because you call the shots. You’re the boss so you can set your own hours whenever and wherever you like.
VIPKID will pay you up to $22 per hour, so that means you could work from home and earn at least $50 per day as long as you’re willing to put in a few hours. You can easily reach your goal of making an extra $500 a month online by teaching English with your laptop!
VIPKID was ranked #1 by FlexJobs in Forbes 2018′ “Top 100 Remote Work Companies Report.”
Here are the requirements to become an online teacher with VIPKID:
- Minimum Bachelor’s degree.
- Work anywhere from home with a stable Internet connection.
- Must have a computer or laptop.
- Use a headset with a microphone, stable output, and input.
- HD External camera or HD integrated camera (Most laptops already have this).
6. Make extra money with Uber Eats
If you have a bike, scooter or car, you can take a stroll for a few hours in the morning, night, or just weekends — it’s up to you.
Be your own boss and earn quick cash during your spare time by delivering food with Uber Eats. This makes the perfect side hustle for any season if you’re looking to make 500 dollars a month!
As long as you’re consistent with this side hustle, you can earn extra cash to help with your living expenses.
You can learn more about UberEats here and start making money this weekend!
7. Make extra money with affiliate marketing
What is affiliate marketing?
First of all, think of a product that you love and would recommend to your friends.
For example, one of my favorite personal finance books is I Will Teach You To Be Rich by Ramit because it has changed my life. It’s a book that I ALWAYS recommend to everyone who needs help with their personal finances. If you click on that link to make a purchase, I will earn a small commission at no additional cost to you.
There, what I just did is an example of affiliate marketing.
In a short and simple sentence, you earn an income by recommending or promoting a product or service.
BUT, of course, you should only recommend products or services that you believe will add value to your friends, family, and audience regardless of whether or not you earn a commission.
Start a blog and make an extra $500 per month
Though not required, I always recommend starting a blog for cheap if you want to start making money online with affiliate marketing.
By starting this blog, I learned how to make an extra $500 a month as a beginner.
You can learn more about how to make money with affiliate marketing for beginners here.
UPDATE: With hard work and effort, I’m now able to make over $5,000 per month alone from affiliate marketing. You can check out my past blog income reports for proof. I literally started from scratch with no experience and you could too.
8. Become a virtual assistant (VA)
Become a virtual assistant (VA) by helping a company or blogger remotely from home (or any location)!
You can definitely make an extra $500 a month by becoming a VA! In fact, Gina was able to make an extra $4,000 per month while being a mom, PLUS having a full-time job!
Earning extra money as a VA allows you to work at home and set your own working schedule to fit your crazy-busy life.
Do you want to learn more about how you can make extra money as a VA? I recommend reading this blog post by Gina Horkey to get started.
Want to learn more about becoming a virtual assistant as a beginner? You can download this FREE list of 150+ VA services to see what’s available!
9. Rent out your extra space with Airbnb
Renting out extra space is one of my favorite ways to make extra money fast and passively. For example, my fiance and I are renting out our separate unit to a single-family and it’s a great way to make money and build wealth while living in an expensive city.
If you live in the city’s core or a touristy area, you can become an Airbnb host and make $100 per day. That can really add up to an extra $500 a month to $3,000 every month! We know so many people who do this and are making over $100 a day from this side hustle.
YES, the idea sounds amazing…
BUT, set realistic expectations because you still need to put in some work. For example, my friends and coworkers who do this still need to attend to their guests while working their full-time jobs. It’s not 100% passive if you don’t hire a manager. But my friends are loving the extra money they’re earning from this side hustle because it’s helping them fund for their next vacation!
As I said, if you’re willing to put in the effort, there are many opportunities for you to make money on Airbnb.
You can get started by learning more about becoming an Airbnb host here.
10. Make an extra $500 by getting FREE cash!
Yes, you can get FREE cash just by doing the things you normally do such as shopping, surfing the web, playing games, and more!
These are some of my favorite resources to get free money online. They don’t cost you anything to use, so if you’re not taking advantage of them, then you’re essentially leaving FREE money on the table! Don’t do that!
Use them to your advantage to save or earn extra money every month.
MyPoints: You can earn FREE gift cards to your favorite stores or CASH (your choice) just by watching videos, taking surveys, reading e-mails and more. MyPoints has paid out their members $236,000,000!
👉 Sign up for MyPoints here for FREE and get a $5 bonus immediately after completing your first 5 surveys! 💵
Checkout 51: Get FREE cash back on your groceries and home goods! Every Thursday, the app updates the list with new offers! Quickly snap a picture of your receipts through the app with your smartphone and wait a few days for your FREE cash to come in. Once your account reaches a minimum of $20, you can request your check at NO COST! It sure feels good to receive a nice little check for extra spending. 💵🛍
👉 Grab your FREE $5 BONUS here when you sign up through my link and upload your first few receipts. 🙂
Rakuten: You get FREE cash just for shopping at over 2,000 of your favorite stores. This includes Walmart, Macy’s, Apple, Kohl’s, Target, eBay, and so many more! I use Rakuten to save over a few hundred dollars just for shopping for the things I normally buy.
👉 You can learn more about this free money resource by reading my honest Rakuten review here. You won’t be disappointed with them!
11. Become a Pinterest Virtual Assistant
I know I mentioned about earning extra income by becoming a Virtual Assistant (VA) in point #2 above.
Here, I’m being more specific. You can earn extra money becoming a part-time or full-time Pinterest virtual assistant.
Now, how does that sound? Make money pinning on Pinterest! 🙂
A lot of professional bloggers and online influencers are busy and may not have the time to set up and manage their Pinterest accounts. This is where you come in to add value to their business!
Pinterest is an extremely powerful tool that can drive traffic and generate revenue for bloggers and companies. If you’re willing to put in the effort to learn the ins and outs of the platform (or perhaps you’re already a Pinterest expert), then becoming a VA is a great option to make extra money and work from home.
Pinterest VAs can make up to $50 per hour depending on their experience. Even with NO EXPERIENCE, it’s never too late to learn how to master those skills!
As you become more familiar with Pinterest and its features, you can simply charge higher hourly rates to make an extra 500 dollars a month!
👉 You can find out how you can get paid to pin and become a Pinterest VA here. It’s a great way to make money from home!
12. Use Drop to passively earn money with no effort!
My fiancé and I use the FREE Drop app to rack up cash rewards on our everyday purchases. I love how this app allows us to combine their offers with other cash back rewards and store promos. That’s how we get the most cash back! 😉
🌟 For a limited time, get your FREE $5 bonus immediately after linking your first card and using my special referral code, FINSAVVY! No purchase necessary! 😊
This code is applicable to both the U.S. and Canada!
👉 To learn more, read about my honest review on the Drop app. If you like the idea of passive money, then I’m sure you’re going to enjoy this app as much as I do!
13. Get FREE cash back from Trim
Have you ever heard this true saying? A dollar saved is two dollars earned!
Trim is a financial management tool that can help you put more money into your pocket!
This clever robot can make your life easier by negotiating the prices of your monthly cable, Internet, and other subscriptions FOR YOU! He can also auto fight fees with your bank!
He is absolutely FREE to use and requires no effort from your end.
Also, if there’s ever a subscription that you want to cut, just tell Trim by sending him a text message and he’ll cancel that service for you.
Check it out…
He can also inform you of how much you spent (and on what) when you ask him. That way, you are aware of your spending habits.
Trim has helped their users save over $8,000,000!
🌟 You can sign up for Trim for FREE here so he can put FREE cash back into your wallet. 💰💰💰 He’s exclusive to the U.S. only so take advantage of him!
14. Rent out your stuff to earn extra money
What if I told you that you could earn $500 a month and even up to $1,000 every month by renting out your stuff? Fully-insured as well!
Yes, such a thing exists and Fat Lama can help you with that (available in both the US and UK)!
This is what they call the “Airbnb for stuff”.
There are many people looking for things to use without having to pay full price for the item. That makes sense because, why would anyone want to pay for things that they use occasionally?
This is where you can add value by turning the stuff you own into an income-producing asset!
For example, you can rent out the following items and make $500 a month from home:
- DIY equipment
- Household tools
- Luxury outfits and handbags
- Video games
More posts on how to make an extra $500 from home:
- How To Make Money Without a Job
- 10 Highest Paying Online Survey Sites: Earn Up To $50 Per Survey
- How to Make 100 Dollars a Day From Home
- How To Make Extra Money: 11 Things We Did To Earn More Cash
- How I Make Money Using Pinterest
Over to you — did this article help you? What’s your favorite side hustle to make extra money?
Enjoyed this post? Don’t forget to share it and follow me on Pinterest! 🙂