How to Make and Save $2,020 Extra in 2020!

For the first time in 30 years, Australia is officially in a recession.

Because bushfires, massive storms, flooding and a pandemic weren’t enough.

Don’t despair though! While you might not have been able to achieve all your goals, there are still 4 months left this year.

Join us on a little challenge to boost your savings or pay down debt, whichever you prefer.

Make and save an extra $2,020 (or more) in the remaining part of this year.

How is this different to when we aimed to make an extra $20,000 a year (and smashed that goal) or the year we made an extra $33,277.57+ on the side?

The entire world is different and what we can do is not the same as what we could do to make money a year ago. But there are still lots of ways to do it.

Note: If you like free money, check out how to get a $100 cash bonus from ING, $15 from Up Bank or have a look at the full list of freebies, offers and discounts for every state.

How Will I Make and Save an Extra $2,020?

We’ve written 43 ways to make money as a single mum and numerous articles on ways to make money.

Finding ways to make money has been relatively easy for us (we’ll list more below).

Here is what I am doing to make more.

Reselling Items

We live in a wealthy area so the second-hand shops are good, we’ve picked up a few items to resell and some freebies.

We shared how we made over $10,000 in a month buying things to resell, including everything from what we sell to how to sell it and post it.

Online Surveys

We’ve done these for years and many readers here do too. Between $2,000 and $5,000 a year is the average we earn.

Our best ones have been PrizeRebel, Swagbucks and Octopus Group. Read this post for full details on the best and which to avoid.

Use Cash Back Sites

We know it isn’t technically making money but it is cash in your pocket. If you aren’t already signed up, check out Shopback and Honey. Be sure to download the apps and add both to your Chrome bar.

Freelance Writing

We scaled this back and haven’t done any for a while as we moved and settled in here.

However, it is something we would like to pick up and can do easily again. Check out how to be a freelance writer here.

What Can You Do To Make $2,020?

Aside from what we are doing, there are so many other things you can do. Read through the options below and decide what will work for you.

Online Gigs

Sites such as Airtasker, Fiverr and similar have easy online gigs (as well as in person ones for Airtasker).

With Airtasker, you pitch your offer to different ads. So someone will say they need certain work done and this is their budget.

You then make an offer based on that.

We made $565 in a week with Airtasker plus locked in an extra $325 quickly.

We’ve done a variety of gigs from cleaning to flyers to fixing a TripAdvisor listing.

All the tasks are relatively quick and payment is processed fast.

We check the app regularly, apply for ones that suit and often had been off doing a gig within a few hours when we probably would have only been watching Netflix or something instead.

Check out our guide to make money with Airtasker here.

Fiverr is different. It was initially set up for people to offer services for $5 but has evolved and now you can make much more.

Bank Account Bonuses

Banks often offer a sign-up bonus and many don’t take long to set up. You don’t want to apply for a heap of credit cards as it will impact your credit score.

Places such as Up Bank offer $15 instantly and it only takes a few minutes to sign up.

Rent Your Stuff or Space

If you are in an area still accepting tourism, you could rent a room out on Airbnb, sign up to Booking.com or Agoda etc and rent it out on there too.

Rent out your garage through Spacer.

There are also places you can rent out your baby gear and other items.

Or rent your car on Uber Car Share. Be aware, while you can make money, the insurance is an issue with making a claim and many have said the car gets a lot of little dents and scratches because people don’t care.

Online Work

Transcribing, virtual assistant, editing, bookkeeping (if you have qualifications) etc.

LinkedIn, Seek and similar are great sites to find these jobs.

Get a Second Job

Some occupations have needed more staff while others laid people off or became obsolete recently. Hospitality in some areas are crying out for workers.

Cleaners, disability, aged care, warehousing, delivery drivers, all of these have been advertised heavily.

Other Money Making Ideas

We have so many articles on things we have done to make money as well as how much we’ve made. Here are a few:
43 ways for Single Mums to Make Money
How I Made $33,277 on the Side in 12 Months
19 Ways I’ve Made Money Remotely or From Home

Reduce Groceries

If you’re stuck at home, now is a great time to learn ways to use up everything, turn leftovers into something new and try new things to stretch the grocery budget.

Check out how to get free and super cheap food, how to reduce food wastage plus:
20 Meal Ideas for Leftover Sausages
29 Meal Ideas for Leftover Roast Chicken
25 Meal Ideas for Leftover Ham
28 Meal Ideas for Mince

Get up to $200 off with HelloFresh, spread across your first 6 boxes for new and returning customers. Conditions apply.

Get easy meals from $2.19 per plate with this discount from EveryPlate.
45% off your first box with Marley Spoon and further discounts.

Up to $140 off Dinnerly, spread across your first few boxes.

Set Up Savings

Whatever you decide to do for your savings, get it set up and be consistent.

It might be a separate savings account, you might want to open a shares account like me or simply pay it off debt.

Whatever you choose to do, set it up and make it easy.

By setting this up, you are more likely to succeed. For proof, read how you can be a millionaire, even as a single mother.

Do a Financial Review

We do an annual financial review to see where we can save money, where our money is going and how to improve things.

This is separate to our regular weekly abundance meeting (budget meeting).

In the financial review, we go over every area of my budget, compare prices, shop around and ensure we are getting the best deals.

One year we saved almost $5,000 doing it. And last year, we shared how we managed to reduce our expenses by over $18,000.

Plan

Do you really need that impulse buy or can you plan it into your budget?

Make a plan for your money for the rest of this year (and beyond).

Work out your goals, where you want your money to go and how you want to improve your finances.

If you are doing a bunch of shopping, be sure to read how to get a discount on everything.

Sign up to loyalty programs and cashback programs to make the most of everything.

For budgeting, learn how to create and stick to a budget, also extra tips here for living on one income.

 

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