As the world continues to change, so do the ways people make money.
Many Americans today live paycheck to paycheck and need an additional stream of income to keep their bank accounts funded.
Inflation remains high, reaching 8.5% by July.
Everything is getting more expensive, including groceries, gas and housing.
If you’re struggling to make ends meet, you’re not alone.
Below we round up eight side hustles that can help you earn some extra cash, most of which can be done from home.
1. Sell Stock Photos – up to $500 per month
Stock photo companies pay photographers to post their photos on their websites.
They can even be old photos that you took years ago.
Sites like Shutterstock and Depositphotos are constantly looking to expand their collection of copyright-free images for use by users such as bloggers and marketing teams.
Photographers who submit their photos can earn anywhere from $200 to $500 per month, depending on the quantity and quality of photos submitted.
2. Create playlists – up to $15 for each rating
As more and more skills are monetized, you can now get paid to curate playlists.
When you’ve created your share of Spotify playlists that you think are doing well, PlaylistPush.com site will pay you for your expertise.
When you sign up for the site, you pick the genres that best suit your playlist, and then you get a ton of songs by indie artists to review.
From there, the songs are added to eligible playlists based on the user-generated ratings.
Playlist curators earn between $1 and $15 for each track review.
3. Rent out your car – up to $3,500 per month
As ride-sharing services like Uber and Lyft grow in popularity, more and more people are looking for affordable ways to get around.
With services like Turo and Getaround, you can rent out your car to people looking for a ride, so you don’t have to spend your time driving others around.
Although there are obvious risks involved, the money can be good.
Entrepreneur Jeff Lerner wrote on CNBC about a client who made up to $3,500 a month by renting his car two to three days a week.
4. Transcribe audio – up to $3,000 per month
If you are a fast and meticulous typist, transcribing audio might be the side hustle for you.
Sites like TranscribeMe and Speakwrite pay you to transcribe as much or as little audio as you want, with top earners making an average of $3,000 a month.
Transcribers also have the opportunity to earn more if they have legal or medical experience.
5. House sitter or babysitter – up to $100 per day
As people start going back to work in person, there are many sedentary jobs available for those willing to do them.
Housekeeping, babysitting, and pet sitting are all jobs for which people pay a premium to know they are leaving some of their most prized possessions in good hands.
This rush can take a while to build up as each of these jobs requires building a list of loyal clients who trust you.
Depending on where you live, house sitters can make up to $100 a day. Babysitter up to $20 per hour; and pet sitters up to $18 per hour.
6. Become a Mystery Shopper – $23 per hour
Mystery shopping is a competitive side hustle, but if you’re into it, it can be rewarding.
Market research firms are hiring mystery shoppers across the country to assess the quality of service in stores and restaurants.
According to the latest figures from ZipRecruiter, the average wage for a mystery shopper is $23 per hour.
7. Complete surveys – up to $500
Everyone has opinions, but not everyone gets paid to share them.
Product testing has become a profitable side hustle, with one mom detailing how she makes up to $500 in her free time.
Meanwhile, sites like Survey Junkie offer the opportunity to be part of paid focus groups, where participants can earn up to $150 an hour.
8. Hauling Trash – $35 an hour
Trash hauling is a side hustle that some people have even been able to turn into a full-fledged business.
Sites like 1-800-GOT-JUNK can help you join a team in your area or start your own if you feel like it.
Once you move, the estimated average earnings is $35 per hour.
Tax rules for secondary employment
Regardless of whether you have a part-time job alongside a full-time job or combine several part-time jobs, your income is taxable.
In addition, you must report your income from a part-time job or freelance work differently from your normal income.
A 1040 form is required for those with multiple sources of income because you must list all of your income on a single form.
In addition, you must file a Schedule C and SE form to report your self-employment taxes.
If you have multiple sources of income, speaking to a tax professional can help you figure out which forms to submit and how to fill them out correctly.
The extra income can also move your household into a different tax bracket, affecting how much you have to pay to the IRS.
If you work part-time, however, you can claim more tax exemptions because you can report your expenses for potential tax deductions.
However, you must have proof of the money you spent on your side hustle, so keep any relevant receipts for tax season.
For those looking for other side hustles to earn some extra money, here is how to make $10,000 in a month on Amazon.
There are even ways to make big bucks selling old and used clothes and accessories.
https://www.the-sun.com/money/5978433/easy-side-hustles-do-from-home/ Eight easy side hustles to make up to $3,500 extra a month, most of which you can do from home