Seven Ways to Earn Extra Money

With the increasing cost of living pressure, you may be wondering how to fit more space into your budget. One way to alleviate compression is to spend less, which is quite difficult when you’re already buying cheaper brands and lowering your power consumption. But the other way is to earn more.

We’ve compiled a list of things you could try to boost your income.

dog walk

If you are comfortable around dogs, you might want to offer yourself as a dog walker. Dog walkers charge fares of $20 or more per walk, and if you manage to take a few dogs with you, it can add up. Phil and Penny Krieg, a couple from Wellington, walk 12 to 16 at a time, but say they spend time understanding how each dog interacts with the others.

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Rent a room

You’ll have to agree to have someone else in your space, but renting a room in your house can provide another source of income. There are thousands of single rooms for rent on Airbnb for around $40 to $100 a night.

You can also accommodate a longer term tenant. As long as you don’t charge more than the standard Inland Revenue rate for a boarder, which was $194 a week in the 2021 tax year, you don’t have to pay tax at that topic.

If you have roommates, you will have to pay taxes on the income you earn from them, but you can also claim expenses you incur, including interest charges on the home loan.

If you can give people space to park their cars, you might be able to make some extra money.

Markus Spiske/Unsplash

If you can give people space to park their cars, you might be able to make some extra money.

Rent your garage or parking space

If you don’t need your garage, you could make money by renting it out to someone who needs a place to park or store things.

Sites like Allspace.co.nz connect people who have space to spare with those who need it. The site says you can make around $200-300 a month renting an average garage. The only downside is that you will have to bring people to your property to access it. (And you can’t be a hoarder, yourself.)

Sell ​​your stuff

If you haven’t tidied up your closet in a while, now might be a good time.

Trade Me spokeswoman Millie Silvester said there had been a surge of interest in the clothes on the site.

“We believe that more and more Kiwis are getting into second-hand clothing because it’s sustainable and economical for buyers and sellers. It’s also a great way to find something unique.

She said there had been a 25% year-over-year increase in sales in the women’s vintage and retro clothing category on the site last month. “This was also reflected in searches, which were up 152% in April compared to the same month last year.

“Searches for ‘quilted jackets’ were up 60% in April from the previous month, with over 1,500 searches,” she said.

“Faux fur jackets became popular in the 1980s and they are also making a comeback. Last month, we saw a 46% increase in searches for ‘faux fur’ with over 2,800 searches.”

She said the return of school proms meant there was also an outlet for prom dresses.

“Last month, searches for ‘evening wear’ increased 77% month over month, with more than 3,200 searches. Searches for ‘prom dress’ were also up 49% from the last month. “

People were also looking for winter clothes, including wearable hooded blankets called Oodies. There were 11,000 searches for these in April.

To log in

Sometimes it seems like everyone makes money from a side business online. Sites like Fiverr, Upwork, and Freelancer connect people with skills in areas like content writing or web design with people who have a project that needs work. You can also sell your creations on sites like Etsy or Chooice. If you identify overseas products that you think would appeal to New Zealand buyers, you may be able to set up a dropshipping site (where the supplier ships directly to the customer) or you can import small quantities and resell them.

Shopify is a fairly easy-to-use platform for creating a new retail site. It said 18,172 New Zealand businesses operating on its platform made $4.8 billion in revenue in 2021, up 40%.

Uber/hitter

If you have a car or a bike, you could earn some money by signing up as a driver for Uber or Uber Eats, or as a dasher for Doordash. Moneyhub suggests aiming for peak hours to maximize your Uber earnings, such as during a rugby match. It says you can expect $25 to $35 per hour as standard. Check that your car insurance can handle it.

Take up gardening

If you have the proverbial green thumb, you may be able to find a source of funding in your backyard. Some people grow fruits and vegetables to trade or sell to neighbors. Others are taking advantage of the current houseplant trend by growing cuttings or seedlings into more established (and resilient) plants to sell.

Silvester said Trade Me data showed people were looking to grow theirs at home. “Fruit trees (up 18%) and lemon trees (up 22%) saw the biggest jump in popularity last month compared to April 2021, with 12,550 and 5,200 searches respectively.”

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