The COVID-19 pandemic has affected hundreds of countries across the world, and it is having a devastating effect on the global economy. Millions of people are out of work or self-isolating, and while some people are managing to save money, this isn’t the case for everyone.
Are you worried about your finances because of COVID-19? If so, we would like to help. Here are five ways you can make money during the COVID-19 pandemic.
Assess Your Budget
The first thing you should do if you are worried about money is assess your current monthly budget. It is normally possible to ‘make’ new money by repurposing money in your budget; for instance, if you are still paying a gym membership (that you can’t use because of lockdown), consider cancelling the membership and putting the money towards more essential payments (such as the gas bill).
Sell Your Valuable Items
If, once you have assessed your budget, you have decided that you need to source more income, then it is time to start thinking of how you can do this. Do you have lots of things you don’t use anymore? If so, you could start a resale business online. You can sell clothes and other home items on selling sites such as Etsy or eBay, but if you have more valuable items, you should use specific niche sites. For instance, if you own a luxury car, and you aren’t getting the most out of it, this might lead you to think, “I want to sell my luxury car.” If this is the case, then We Buy Exotics could help you.
Apply For Delivery Work
Are you a low risk person who has been self-isolating properly? If so, you can make money and help high risk people by applying for temporary delivery work. There are lots of companies hiring employees for delivery work right now, from food banks to takeaways to Amazon; just look online to see what your options are. This is a great way to make money and stay busy (and you will also be helping high risk people who live in your area).
You can also consider tutoring online classes. If you have a background in education you could apply to be a school tutor, and if not you could consider hosting classes for adults. For instance, if you are super organised you could host a spring clean tutorial, or if you enjoy yoga you could start teaching an online class.
Look At Aid Options
Finally, you can look at UK aid options. The government is providing financial assistance for people who have been furloughed, and there are also lots of organisations and charities who are providing aid to families and individuals who are struggling to make ends meet. You can find out more about these organisations by looking online, or you can contact your local council to find out if they are providing assistance to people who live in the area.
Worrying about money is never ideal, but it is important to remember that there are lots of ways to get financial help. You can earn a second income or apply for government help, or you could alter your budget to suit the situation. And while these times may be scary, it is important to remember they are only temporary.