3 Side Hustles that Make Sense

As you finetune your budget and save all you can, you may still find that the money just does not stretch as far as you need. If you are still struggling to pay the bills after... 

budgeting, it might be time to consider a side hustle. All too often, however, these hustles take more funds, time, and effort than they are worth. You have to pinpoint the ones that make sense to effectively increase your income without skyrocketing your stress levels or draining your bank account. To get started, you can use this guide to learn about three practical side hustle ideas that can really pay off.

1.  Become a Notary Public

With just a couple hundred dollars, you can quickly become a notary public and start raking in the cash. This role will put you in charge of witnessing the official signing of legal documents of all kinds. Your clients can range from banks and other financial institutions to individuals who have won a sweepstakes.

Depending on your state requirements, you will likely need to take a class, pass an exam, and acquire insurance and bond coverage to get started. After getting certified, you can find clients by marketing your notary public services online through social media platforms or in person by passing out business cards.

Once you have everything in place, your investment can pay off for years to come as you make extra money for your household. When you find the right clients, they will come back again and again, allowing you to make extra money whenever you have the time.

2.  Make Rideshare and Delivery Runs

In recent years, many have embraced rideshare and delivery run as their side hustle of choice. With drive-share opportunities, you will shuttle people from place to place, while delivery runs will have you bringing food to the doorsteps of those who order. Either of these options have the ability to bring positive cashflow into your household within just a single day.

While driving for rideshare or food delivery companies, you can set your availability and work for as long as you want. The rate you bring in will vary according to distance and demand, making for many lucrative runs along the way.

Uber currently holds the title for most popular rideshare company to work for due to their large userbase and consistent workloads. Lyft closely follows in popularity due to its user-friendly app design and ease in getting started. If you prefer to shuttle food around, you can look toward UberEATS, DoorDash and Postmates for lucrative food delivery opportunities in your area.

3.  Rent Out Your Personal Vehicle

If you would rather your vehicle just do the work, you can rent it out through innovative platforms, like Turo. If you are on a fixed income, and already have a vehicle, this is a great option because there are no required startup costs.

Upon signing up, this platform will connect you with people in your area interested in renting your car when you are not using it. You can set your ideal price point or allow their innovative algorithm to set a competitive price based on your vehicle type, location, and other factors.

Turo even provides several levels of liability insurance that your vehicle needs to stay safe while on the road without you. If you prefer additional protection, you can work with your personal insurance company to set up commercial coverage that protects your car while it is rented out.

Simply Select a Method to Make Extra Money Today

Whether you want to pay off debt, reduce the impact of a loss of income, or just get by, side hustles have the power to bring in extra money and improve your financial health. Simply select your preferred method and set off to make it work to start bringing in extra money on a regular basis.