When you’re broke, it’s easy to feel like your money problems will be a never-ending cycle that keeps you from ever getting ahead. However, there are plenty of ways to make money when you’re broke — and sometimes it’s as simple as making small sacrifices in order to improve your financial situation!
As a broke college student, it can be difficult to come up with the money you need to buy textbooks and pay your rent, but luckily there are some effective ways you can make money when you’re broke. Here are eight of the best money-making opportunities that will help you get out of the red and into the black without breaking the bank on your credit card. Making money when you’re broke can be a challenge, especially if you’re still in school and don’t have any sort of income other than what your parents give you every month. With your money situation being as tight as it is, here are some ideas that might help you make some extra cash while still keeping your parents happy that you’re working hard at school.
Here are 15 ways to make money when you’re broke, so you can finally get back on track and improve your overall financial health!
1) Use Google Docs
If you are a student, chances are that your money situation is tight. That’s why it’s important to learn about making extra money. Google Docs is one of many online job-marketplaces that will pay you for completing simple tasks in your free time, such as proofreading or transcribing audio recordings. It’s easy to get started; just sign up and set up a scheduled time with Google when they know you’ll be available to complete your task. Then check back every so often to see if Google has any new jobs available. If they do, complete them right away!
2) Sell your old stuff
Everybody has some old stuff that can make money for them. If you are going to earn some urgent money, try selling your older properties that are still in good condition or sell something that is of high value but which you do not use anymore. Selling stuff is always a quick way to earn fast cash! Work on increasing your sales skills and buy low, sell high. Also make sure to check out thrift stores, Craigslist and eBay if you are looking for a platform where you can get back more than what you have invested on an item.
3) Do odd jobs
If you need money fast and don’t mind a little hard work, there are plenty of odd jobs out there. Odd jobs might include anything from cleaning to babysitting to yard work. They aren’t glamorous and they probably won’t get you very far in life—but they are a good way to make extra cash without leaving your room! Try Craigslist or other online local job boards for ideas. The important thing is that people will pay you (not much) for completing basic tasks around their house; just be sure not to take on more than you can handle. The last thing you want is a flood of money into your life before it has time to trickle down from your head into your hands!
4) Teach English online
Teaching English online is a great way to make money when you’re broke because it requires very little setup on your part. Simply find an organization or agency that will connect you with potential students, create a profile with your credentials and certifications, and then start taking jobs. This can be a fantastic way to gain experience in teaching if you’re new to it—just make sure that your instructor knows what they’re doing and won’t leave you hanging when students inevitably have questions. Another perk of being an online tutor is that you can work from home, making it easy to continue working while studying for another degree.
5) Teach someone else a skill
Learning a new skill is incredibly rewarding, but it can also be really difficult. Teaching someone else a skill you’ve mastered can be an excellent way to practice what you’ve learned and reinforce your understanding of that skill. It can also help you see any gaps in your knowledge or areas where you could use more work. Finally, it gives you a chance to earn some money—and sometimes quite a bit of money. For example, if there’s something that takes months or years to master like computer programming or musical instrumentation, businesses will often offer serious cash for experienced experts who are willing to teach their staff.
6) Start A Business Online
While it’s hard to start a business from scratch, you can get your foot in the door by becoming an independent contractor. Start by registering as a freelancer with sites like Fiverr, Upwork or Freelancer. If you have programming or other technical skills, look into starting a business that provides those services online. If you have design skills, create your own product like graphic templates and sell them on sites like Creative Market or Envato. There are also several ways to make money off of what you already know, including becoming a paid tutor or hosting paid workshops through platforms like Skillshare.
7) Become an Intern
If you have time and money, start by looking for internships. Interning is one of the best ways to learn about a particular career, expand your network and make contacts who can open doors in your field later on. In addition to giving you valuable experience and skills, most employers will also pay you a modest stipend for your work. And if you’re lucky enough to find an internship at a startup or high-tech company, don’t forget about equity—most offer generous compensation packages that are far better than simple cash payments.
8) Sell your writing skills
If you’re a writer and are looking for a quick way to make money, try selling your writing skills to other companies.
9) Becoming an influencer
So, you want to be an influencer? You don’t need a huge following or a sponsored-this-and-that business to make money in influencer marketing. In fact, you can get started without any followers at all! If you’re feeling ready for something new, we got you covered. Here are our top picks for strategies that will help grow your brand and help it become an influencer among your peers. Become an Influencer Now!
10) Affiliate marketing
One of my favorite methods for making money when you’re broke is affiliate marketing. It’s like having a coupon for Amazon on every product page, except you make more than just coupons. Many affiliates aren’t as concerned with converting customers as they are in sending them to Amazon where they can generate a commission on each sale. If you have good writing skills and know how to play up your strengths, there are plenty of good programs out there that will pay you handsomely for your contributions—including Amazon’s own associate program. And even though many associate programs don’t give out cash payments, it’s an easy way to build up money online quickly that can translate into real money down the road if you sell information products or start your own business in another industry.
11) Get paid to take photos
What if you could make money off of your phone’s camera? Some apps allow you to do just that. For example, search Freelancer on Google Play and you will find several photo-editing apps that allow users to earn cash for their work (via in-app purchases). It doesn’t matter if you are already an amazing photographer—you can still create a niche for yourself with high quality photos from your smartphone. This is a great way to make money when you’re broke and don’t have any other resources available. Even though some apps pay a little bit more than others, they all pay something, so why not give it a try?
12) Get freebies in exchange for reviews
Can’t afford to pay for something you want? Find it on Amazon or somewhere else and contact its seller. Many sellers are willing to give you a freebie in exchange for an honest review. Not only is getting a product for free helpful, but writing a review is often in your best interest as well; if someone is willing to give away something for free, it means they stand behind their product. Even if you receive multiple offers, politely decline them all and stick with just one (the first person who contacts you). This will help avoid confusion and make life easier on yourself down the road when your reviews get posted online.
13) Be consistent
Set up a system that’s sustainable. This might mean you do an odd job on weekends, or it might mean you hire out work and get others to do things for you in your niche. Either way, be sure to have a schedule so you’re not completely relying on yourself—this is one of our best ways to burn out. Ultimately, there are lots of ways to make money when you’re broke; what matters is how consistently you choose to make money every week/month/year. Being consistent is one of our best ways to stay focused and increase your earning potential over time.
14) Look around you!
It’s easier than you think to make money when you’re broke, because there are almost always skills and resources already available to you. Here are some great ways to make money when you’re broke that are also incredibly easy. Each of these opportunities is short term and can earn at least $100 if you put in a full day’s work. These opportunities also don’t require any special skills or education so anyone can do them. If you have basic computer literacy and time to spare, these simple strategies will help ensure that your bank account doesn’t get any emptier
15) Work smartly
We’ve all been there—between student loans, credit card debt, and rent, your bank account can get awfully low. Despite how much money you have or don’t have, it’s important to be smart with what you have. While it may be tempting to spend on things like groceries and gas, these are purchases that are likely necessary for everyday life. Instead of spending money on an expensive night out every weekend or a new pair of shoes (that won’t last), take a look at these 8 creative ways to make some extra cash when you’re broke
At some point in your life, you will find yourself without money. Whether it’s a broken watch or car breakdowns, bills that can’t be paid on time, or simply needing to save money for something better later. While there is no how to make money when you’re broke secret because everyone needs to work with what they have and not everyone has it easy.