How I Made $2,704 in a Month With the 2020 Money Challenge

How can you make more money in the last few months of 2020?

Last month I posted about the goal to make an extra $2,020 by the end of the year and how you and I can do it. This month truly surprised me as so many things happened out of the blue – both money-making opportunities and savings.

Disclosure, this post may contain affiliate links.

Bank Bonuses – $30

A couple of new online banks are offering bonuses to Aussies. One is 86400 which gives you $20 when you sign up with the code S7VL6WF and use the debit card 5 times. I have been using them for 2 months and they seem good.

I joined Up Bank almost a year ago and they offer $5 when you join plus another $5 when you use the debit card 5 times. They were absolutely brilliant with no fees and great customer service when we were in Vanuatu and the Solomon Islands earlier this year too.

Investing – $15

$5 came from Spaceship, my preferred option for investing small amounts. Use the code S87CDXOZ8M when you join here and invest $5 within the first month to get another $5 bonus. Spaceship is the platform I am using in my Shares Vs Gambling experiment. My shares went up and I referred a friend this month.

Raiz is another platform offering a $5 bonus however, they have higher fees.

Online Surveys – $245

Surprisingly, this month, online surveys picked up. I hadn’t looked at them for a while but Octopus Group (the highest paying online survey site) had quite a few. They pay over $16 per hour with the amount based on how long the survey takes. Some surveys are 2 minutes, others 30 minutes and you get paid accordingly. This is where I made the most.

Be aware, customer service is terrible with them (quite rude) and there have been payment issues. Check out my review and feedback from other readers here.

Swagbucks, PrizeRebel, MarketAgent and a few others are good too. Check out this post on the best online survey sites for Aussies where most readers earn $2,000 to $5,000 per year. I also outlined which sites to avoid in that article.

Airtasker – $665 in 8 days + $325pw Ongoing

Having not used Airtasker for years, I jumped on and within a few days had already completed some tasks while locking in others. I was surprised how easy it was, how quick some of the gigs were but be aware, there are a lot of low offers.

Check out this guide for how to make money with Airtasker. In the 8 days I used it, we made $665 plus secured 3 ongoing marketing gigs invoiced from me directly instead of Airtasker.

My gigs included some cleaning, gardening, fixing a business listing, buying and delivering Panadol, cooking a BBQ for an AFL event and marketing.

Cash Back – $50

If you haven’t signed up to Cash Rewards, Honey and Shopback yet, you are leaving money on the table. They are all free to join and every time you shop you can get cash back. I made a few purchases this month due to setting up our house so cashed out more.

Cash Rewards I have been with the longest and they have often had the highest cash back percentage for me. Honey scans for discount codes as well as enabling you to earn cash back through gift cards. Shopback is similar to Cash Rewards so I always compare the 3 and use the one which will give me the best deal.

Find out more about the best cash back sites for Aussies here.

Freelance Marketing and Writing – $1,699

I get asked a lot about this as people look for more remote gigs. To be clear, I used to own a marketing agency. I sold it a few years ago so this comes easily to me. My first freelance writing gig was back in 2011 and they approached me. The income I have listed here is on top of any regular work I have and was unexpected.

Freelancing any services can be great. Check out how to become a freelance writer here, how to become a virtual assistant and these remote gigs I have done.

The last 18 months I did more travel-focused writing for magazines etc but took time off the rest of the marketing and services until this month. I had time off to spend with my daughters after a long custody battle but now I am based on the Sunshine Coast again, I have started to get numerous enquiries and picked up extra gigs for marketing, freelance writing and similar.

What else can you do to make money in 2020?

I’m currently 6 months pregnant so what I can do is a little limited but there are still so many things you can do to make money. I am looking at buying things to resell again. Previously I made over $10,000 in a month with that. (You can find out how in my eBook bundle plus 99 side hustles for Aussies and more ways to make and save money for only $19.99).

Rent Space e.g a Room or Garage

Having moved around, I’ve done this in a few locations – Canberra, Melbourne, Sydney and I am looking at it for here in Noosa. I made $1,300 in 5 days on Airbnb in Melbourne, rented my garage out for $50 a week in Sydney, Canberra and Melbourne plus rented places sporadically when I have travelled.

I’ve also had flatmates throughout my life renting a room off me in Canberra, Melbourne and Sydney. Our home in Noosa doesn’t have a spare room so it’s not practical here. However, we might rent our home out when we travel again.

Check out this guide on how to make money with Airbnb and read this on renting a room to boarders. As for renting out the garage, I did it privately a couple of times and through Spacer. I have more on how to rent out space in this article.

Rent Out Your Car

This is something I have considered now I have a car and because there aren’t many vehicles available to rent where I live. I wouldn’t recommend doing this with a new car but plenty of people make ok money from older cars, utes or moving vans through Car Next Door.

Reviews and Market Research

Places such as Tell Me Baby pay you for reviews. Check out our experience with them here. Other places offer $100per hour on average for market research. Usually, you do it via the phone or go to a specific location for an hour and answer questions. Find out more about making $100 per hour with market research in this article.

Sign Up Bonuses

Aside from the banks and investing apps I already mentioned, numerous businesses offer a sign up bonus either in the form of cash or savings. With the savings or discounts, put what you would normally spend into your saving account so it is a real savings, not just cash you blow on other things.

A few I have used include: $50 off your first box from HelloFresh. $60 off Dinnerly (it is $20 off each of your first 3 boxes), $50 credit with ReAmped (electricity) and you can find more in this list of freebies.

Other Options

I made $33,277.57 on the side in 12 months one year, I’ve shared 43 ways for single mums to make money plus how I work remotely. Have a look through, find what works for you. Or check out my eBook 99 Side Hustles for Aussies which includes 99 ideas, how to set them up and how to maximise them to make more.

Also, join The Thrifty Issue Facebook Group for more ideas or to ask me anything directly. I’m in there daily so it is the easiest way to chat with me directly.

Get More Ways to Make Money, Exclusive Discount and Freebies Sent to you!

Get our weekly newsletter straight to your inbox.

    We won’t send you spam. Unsubscribe at any time.

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.