If you’ve struggled with rising costs over the past few years, you’re not alone. Whether you need some extra cash to cover an unexpected expense or you want to save up for something special, finding an easy way to make $100 quickly could be a game changer.
From taking advantage of cashback apps to selling unused items, you can quickly increase your cash flow. In some cases, you could even make $100 a day. Here are 10 practical ways to make an extra $100.
1. Try a cashback app
Cashback apps are one of the easiest ways to earn money on purchases you already make. These apps offer a percentage of your spending as cash or rewards.
Some popular cashback apps include:
- Dosh
- Ibotta
- Rakuten
- advantage
To earn cashback, all you need to do is download the app and shop on the platform or scan your receipts after purchases. Cashback apps accumulate your savings over time. How quickly you reach $100 depends on your shopping habits and the promotions the app offers. For regular users, it can take a few months to reach $100.
You might also want to check out cash back credit cards for even more opportunities.
2. Returning Unused Items
Have you ever over-shopped and ended up buying items you didn’t need or want? Instead of holding on to the item, return it to the store for a refund. This is a quick and easy way to get your money back. Be sure to keep your receipt and return the item within the store’s return policy.
I used the Kohl’s return location to return $177 worth of purchases to Amazon, and also used Amazon’s trade-in program to get a refund on my old Kindle and Fire Tablet, which gave me a $20 credit toward a new Kindle – a great Christmas gift!
If returns aren’t possible, consider selling the items online or at a consignment store. While you might not get the full retail price, it’s a good way to get some of your money back.
3. Drive for a ride-sharing service
If you have a reliable vehicle and a good driving record, consider becoming a driver for a rideshare service like Uber or Lyft. You can make extra money by driving in your spare time, evenings, and weekends. According to ZipRecruiter, the average hourly wage for a rideshare driver is $21.12, which means you could potentially make $100 with just a few shifts. If you do it regularly, it’s easy to make an extra $100 a day.
These jobs are generally safe, but always remain vigilant and follow safety procedures. Make sure your vehicle is in good condition and stay in well-lit and well-trafficked areas during your shift. Also, make sure you have the right type of insurance to cover you for all risks.
4. Sell unused gift cards
According to Bankrate’s Unused Gift Card Survey, about 47% of U.S. adults own at least one unused gift card, with an average value of $187 each. Don’t let those cards go to waste, sell them on websites like CardCash or Raise.
While you might not get the full amount, it’s still a convenient way to make some quick cash.
5. Deliver food
Food delivery services like Doordash, Grubhub, UberEats, or Walmart Grocery are a lucrative way to earn extra income. You can choose your own hours and work in between your regular jobs. Drivers earn a base rate plus tips. According to ZipRecruiter, Walmart Grocery delivery drivers make an average of $20 per hour.
My ex-roommate uses her DoorDash income to pay for her monthly car payment (a Prius) and doesn’t spend a lot on gas. Some fast food delivery drivers bike or walk to deliver food, which they also get some exercise.
6. Rent out your stuff
If you have a parking space but no car, consider renting it out on platforms like Neighbor or Spacer. This can be especially profitable in crowded urban areas where parking is at a premium. Post an ad online or ask around your neighborhood to find someone who is willing to rent out their spot.
You could also consider renting out a spare room in your house on Airbnb or your car on Turo. A friend of mine makes a steady income monthly by renting out his basement in a college town that attracts game-day tourists from out of town.
7. Providing services
If you’re good at subjects like math or English, tutoring is a great way to earn extra cash. Promote within your network and advertise your services on social media, VIPKid, and Wyzant. According to the U.S. Bureau of Labor Statistics, tutors can make around $20 per hour.
You can also combine your tutoring services with other child or family-related services, such as babysitting, pet sitting, dog walking, or house cleaning. You can also advertise on Care.com, listing your rates and finding out how much others in your area are charging. Alternatively, you can put up a sign in your yard or see if there is a local bulletin board where you can post flyers. Word of mouth is also very effective, so ask friends, family, and local teachers for referrals.
8. Sell products online
Big-ticket items around the house can turn into quick cash. Whether it’s jewelry, musical instruments, bikes, designer clothes, or anything else, there are several online marketplaces where you can sell them. Sites like eBay, Etsy, Craigslist, and Facebook Marketplace are good places to start.
I sold five pairs of used children’s clothes for $10 and a toddler car for $20. You can also recycle items like used sneakers for cash.
9. Use your skills as a freelancer
Freelance work is another great way to earn extra income. Websites like Fiverr and Upwork connect freelancers with clients who need specific skills like web design, writing, photography, social media management, etc. Once you’ve set up your profile and services, you can start taking on small jobs that fit into your schedule.
Consider becoming a transcriber or subtitler on sites like Rev.com, and if you’re a teacher, you can offer your lesson plans and resources on TeachersPayTeachers.
Generally, anyone can sign up for these freelance services. However, some platforms may require you to go through an application process or prove your skills before they accept you. Once you’re approved, you can start offering your services and set your prices.
10. Cash in on the money you already have
Have you checked your old savings bonds lately? Many people forget about bonds they received as gifts years ago. Both paper and electronic Series EE bonds are redeemable.
The process is simple: e-bonds can be cashed online and the funds will be deposited directly into your bank account, while paper bonds may need to be mailed or cashed at a local bank.
You can also claim unclaimed cash and property. Over $4 billion is returned to owners each year. I tried this once and found over $100 in unclaimed money from a previous address in another state. Search for it for free using your state records.
11. Sign up for paid research studies
Participating in research studies is an easy way to earn extra money while contributing to the advancement of scientific knowledge. Many universities, medical institutions, and market research companies pay individuals to participate in studies. Studies can range from medical trials to focus groups and surveys.
Compensation varies depending on the type of study and time commitment, but some pay participants between $50 and $200 per session. My family participated in a family study conducted by a local university and received compensation of $100 for each session we participated.
You can find opportunities by checking local university websites, clinical research sites, and platforms like ClinicalTrials.gov. Be sure to read the study requirements carefully to make sure they make sense to you before joining.
12. Sell your plasma
While not for the faint of heart, donating plasma is another way to make some quick cash while contributing to a good cause. Plasma is used to treat a variety of medical conditions, including immune system disorders and burns. Donations are generally safe and can be made every few weeks.
Depending on the plasma donation center and location, you can earn between $30 and $70 per session. Some centers even offer bonuses for frequent plasma donations. First, find a certified plasma donation center, such as CSL Plasma or BioLife, and make sure you meet the health requirements to donate.
Conclusion
There are many ways to have $100 ready in no time. Whether it’s leveraging technology through a cashback app or selling unused items, there’s an option that fits your skills and schedule. Evaluate which method works best for you – whether it’s a one-time endeavor or something you can do on a regular basis.
Not only will these tips help you make some extra cash, but they will also create some buffer space for future expenses, giving you peace of mind and financial flexibility.
