Save for a sunny day
First published on May 24, 2019
While it’s important to save for a rainy day and all those unexpected things that pop up, sunny days are all about achieving things which are a little bit extra, like your overseas trip, a family holiday or your new car. And what better time to start, than on a rainy day!
Work out how much you need to save a month to reach your goals, and make this part of your monthly budget. If you can, try to fund these savings from sources other than your main job. Luckily, there are heaps of fun ways you can make money all from the comfort of home this winter.
Ways to save for a sunny day (on a rainy day)
- Have a clean out
This might be the most gratifying way to make some extra money, by getting rid of things! Channel your inner Marie Kondo and remove all of those things that don’t spark joy anymore. List these items for sale on platforms like Facebook Marketplace, Gumtree or eBay.
- Start a side hustle
Either rock the skills you already have, or learn something new and turn it into a small business you can manage from home. Start by doing it casually and build from there. Freelancing is another great way to make extra money without setting up a whole new business.
- A coin jar
Pop any coins or small notes you see lying around, or any cash from your second hand sales into the jar and keep it somewhere out of sight. You’ll be surprised at how much this adds up to over time. Make the jar tamper proof so the kids can’t break in when they’re after some lunch money!
- Mystery shopping
Companies employ people to review their experience in a service encounter. Each task will be different from purchasing a product, to asking questions or acting in a certain way. Now you can put all that Masterchef (reality TV) binging to good use.
- The odd job
There are plenty of people in your local community, including your friends and families, needing tutoring, pet sitting or walking, lawn mowing, baby-sitting etc. Ask around and put ads on local notice boards and Gumtree.
- Deck out the spare room
Airbnb is popular for a reason, it turns spare space into cash. You set your price per night, when the accommodation is available, your house rules and how you interact with guests.
- Sell on consignment
There are lots of shops that accept second hand goods to sell on consignment. You get something back for your pieces and you add to a sustainable fashion future! Google consignment shops in your area to find ones near you.
- Take surveys
This is the perfect way to fill in a bit of spare time, especially while kids are napping. As you do more, you’ll get to know the companies and sites that pay the best. Just make sure you do your research and go with reputable companies. Check out our tips to stay safe online.
While these are great ways to save for a sunny day in winter, these are things you can do all year round to get into a good savings routine.
Tip: Keep the money you make from your side hustle(s) in a separate interest earning savings account, so you can see how far you’ve come and add a little extra on top. Make sure you enjoy your sunny day when it arrives!