Surviving a Tough Time: Tips on Making Extra Money in London

If you are having trouble making ends meet, you are not alone. A lot of people are facing a tougher financial burden due to the uncertainties affecting the economy right now. Not being able to keep up with monthly expenses can be disheartening, but there are a lot of things you can do to make things better.

You can start by documenting your expenses and cutting the unnecessary ones. There is no amount too small to save. Small savings here and there add up, and you will have more money to allocate towards the more important expenses. At the same time, you can use these tips and tricks to make extra money.

Rent Out Your Spare Room

If you have a spare room, converting it into a rental or making it available through platforms like Airbnb is a good idea. While there aren’t many international tourists visiting London right now, the market is still filled with tenants looking for a place to use temporarily.

There are some regulations to meet and some minor changes to make before you can rent out your spare room, but these too are very manageable. Your spare room can start earning your daily income in a matter of days.

Share Rides

As long as you take sufficient precautions, ride-sharing and mini-cabbing is still a line of work that you can try to make extra money. Registering your car as a minicab is easier than ever; unfortunately, you still have to pay the congestion charge under the new regulation.

You will also need minicab insurance to limit your financial risk. You can use Quotezone.co.uk to find the best minicab insurance for your car. Be sure to use the tool to find the best coverage at a reasonable premium to stay protected.

Do Freelance Work

Platforms like TaskRabbit are perfect for those who want to earn extra money by doing simple tasks. TaskRabbit in particular connects you with those who need help with simple things like moving to a new apartment and going to the airport.

Other freelancer sites focus more on jobs. Sites like Fiverr and Freelancer.com also have thousands of projects that you can take. Create a profile, upload an awesome portfolio, and you will start getting requests in no time.

Offer Storage Space

We started this article by discussing how you can rent your spare room out, but what if you don’t have a spare room and you still want to make money from the space you have? You can offer storage space through Stashbee.

As the name suggests, the platform lets you offer empty storage space to others people who need to store their belongings. As long as you have extra storage space to offer, you know you can make extra money in these tough times.

There are so many other things you can do to make extra money in London, you just need to do a little online digging. In the meantime, use the tips and tricks we discussed in this article to start making extra money and covering more of your expenses.

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