Last year, an article in The Atlantic showed what it’s like for about half of Americans that can’t afford to pay for an $400 emergency in cash. The writer detailed his own struggles to save for the unexpected and what it’s like to not have an emergency fund in case something goes wrong. That scenario is common, but fortunately, it is preventable. You can learn to cut expenses, live on less, and save the difference. And if you’re one of the millions of people who don’t have enough savings set aside, then you should also find a way to make money fast. Fortunately, in this age of the gig economy, there are countless ways to scrape up enough money to last you during whatever crisis you’re going through.
Read below for our best tips on making $1,000 quickly in a week.
1.Drive for Uber
According to Uber, the average driver earns $25 an hour. But that amount is calculated over slow periods when you could be lucky to get one passenger. Determine when the busiest times are in your city and drive only then to maximize your efficiency. Weekend evenings and nights are usually a safe bet, and rush hour can also be good. If you have a big airport near you, then figure out when the busiest times are for drop-off and pick-up. Uber and Lyft both often have special bonuses drivers can earn if they fulfill a certain number of rides, so look out for those. Many people often drive for both services so they can take advantage of different surge times. Plus, now that Uber has added tipping to its app, drivers can stand to earn even more money.
2. Sell What You Don’t Need
Unless you’re rocking the minimalist lifestyle, you probably have stuff laying around your apartment or house that you don’t need or haven’t used in forever. Old cell phones, unopened books, long-forgotten DVDs. All those items represent dollars that you could be earning. Take a look around your place for everything that you don’t regularly use. A good rule of thumb is to get rid of anything you haven’t used in a year. Compile everything in one space and then divide it based on the type of item it is. Clothes should go in one pile while video games can be in another. Then, determine the best place to sell your stuff. Large items work well on Craigslist, where you don’t have to pay for shipping fees. Clothes can do well on specialty sites like Poshmark and ThredUp, especially if you have designer threads. Electronics, video games, and collectibles sell well on eBay but make sure to be accurate on the quality or you’ll get downgraded on your user rating. For everything that doesn’t sell quickly, host a yard sale. Advertise for free on Craigslist and post signs around your neighborhood. Price items to sell, even if it hurts to see all your kid’s baby clothes sell for less than $1. Anything that you don’t get rid of can be donated to Goodwill or the Salvation Army, where you can ask for a receipt to deduct the amount donated on your taxes. Another win!
On the social media site Reddit, drivers theorized if you could earn $1,000 a week delivering food with a company like Door Dash. The general consensus was that if we’re driving about 10 hours a day and hitting every peak time (lunch and dinner) every day of the week, you could reach $1,000. Users said that the best way to maximize your deliveries was to use a motorcycle or other high-mileage vehicle. If parking is difficult or if you’re driving in LA-like traffic, your hourly rate could suffer. Most agreed that you’d have to work between 50 to 70 hours a week to make it work, and that doesn’t seem to be sustainable for the long-term. If you’re in between gigs, this can be an easy way to supplement your income.
4. Rent Your Pad on Airbnb
If you’ve got a spare room or are going to be out of town, you can rent out your pad on Airbnb for some extra cash. How much you earn depends on where you live, the desirability of your neighborhood and the quality of your pad. A two-bedroom loft in downtown Miami will net more than a one-bedroom apartment in the middle of nowhere in Kansas. Visitors also pay more if they have total access to your place, so if you’re still in town, you can make more by crashing on a friend’s couch for a few days while guests rent out your space. You can increase how much you charge by allowing pets, including appliances such as a washer and dryer and other amenities. Holidays are prime times for visitors and you can also charge more for festivals, special weekends and more. Be extra responsive and polite to renters. Airbnb has a rating system that most people use to leave comments and share how they felt about you. The higher your rating, the higher prices you can charge.
5. Search for Unclaimed Money
Unclaimed money is money that legally belongs to you, but that you haven’t claimed. For example, sometimes people request a tax refund through the mail, but it gets returned if you put a wrong address. Or if you were being paid through a check by an old employer and left before you received your last one. Unfortunately, there’s no central website where you can search for unclaimed money, but this US government site has information on the different types of unclaimed money and how to see if you have any. If you do find funds in your name, it can take several weeks to access them because you’ll have to verify your identity. But you’ll be one step closer to getting money that’s legally yours. Make Some Extra Cash by Taking Surveys. Taking surveys in your spare time can be a great way to earn some extra dough fast. Check out Survey Junkie which will pay you instantly with cash via Paypal. They have over 6,000,000 members and they have an 8.9/10 rating on Trust Pilot.