How To Get Extra Cash As A Retiree

Are you a retiree looking to earn a little extra cash to help you afford a big purchase or simply to get you through day-to-day life? When you retire, it can be difficult to know what to do with your free time, and while there are a number of things that you can do at home, quite often finding a hobby that requires you to get out and about can cost money. While payday loans online are available for those who are in some sort of employment or receiving benefits depending on the lender, for retirees, finding a little bit of extra cash can be slightly more difficult. Here, we’re taking a look at some of the best ways for you to earn a little extra money on the side of your pension.

​International Housesitting

​This is a great option for retirees who are bored of staying in their own house and want to spend some time abroad. While you may not have enough funds to purchase your own holiday home, you could turn to international housesitting, where you can find yourself in some of the world’s most exotic locations, looking after the house and sometimes even pets. There are a number of housesitting websites across the internet and you may find yourself living on a secluded beach on the other side of the world, or in the heart of bustling Singapore situated in a luxury condo. The best part? You may find that the house owners will offer you some form of wage for doing the housesitting, although others are only willing to pay for your travel to get there. Either way, who doesn’t love a free holiday and the opportunity to earn a little extra cash?

​Join The Microbusiness Movement

Etsy is a prime example of websites leading the way when it comes to microbusinesses and if you’re good at crafts, knitting or sewing, you may find that you are able to create your very own microbusiness too. There’s a lot of room to really branch out with your creativity and as a retiree, you’ll have plenty of time to master your craft before producing items that you are happy to sell to others.

Make Your Home A Bed & Breakfast

If you’re a people-person and you have a largeish home in a great location, then you may want to consider making your home a bed & breakfast. The start up costs are relatively modest, unless you really need to revamp your home in order to accommodate guests, and this can also be a good cash generator too. However, you will need to have a lot of patience in order to deal with the strangers who come in and out of your home constantly. You may not always have the kindest or tidiest of guests, so you will need to ensure that your temper doesn’t flare or you could find the repeat business factor of a B&B start to dwindle.

There are a great number of options that you can consider when it comes to making money in your retirement. Whether you opt for a little part time job such as tutoring or start your own business whether that’s a B&B or a microbusiness selling your very own handiwork, earning a little extra on the side has never been easier.