7 Ways I Made Money When I was Broke
In 2012 I was broke. I’d left an abusive marriage, had 2 young daughters both needing speech therapy, got robbed of everything including my underwear and we ended up homeless. It was a rough time but somehow I managed to make enough money to pay for our needs and get back on our feet. Here is exactly what I did.
1. New Bank Account Bonuses = $125
Getting a sign up bonus for opening a bank account can be pretty sweet. I did this as it only took a few minutes then I moved onto the other steps.
Get $20 from 86 400! I’ve used 86 400 for a year now and they’ve been great. It’s fee-free banking and online only. Use the code S7VL6WF when you join free here to get your $20 after you use your card for the first time.
Get $5 from Up bank which I have been using for a while now. Get your $5 for joining in minutes.
I felt like a failure walking in and asking for help. Being on the single parenting pension was the only way I could see to cover most of my expenses. It didn’t cover all of them but it helped so much. Family tax benefit, rent assistance and a carers payment meant I got around $1,400 a fortnight.
This sounds like a lot but when you are paying for multiple speech therapy sessions, getting no child support, have a mortgage for a home you cannot live in while also paying rent for a house no longer safe, it’s not a lot. I needed to make more. To be clear, I greatly appreciated this money though!
3. Online Surveys
Living in survival mode I could barely think. Online surveys were easy enough to do and the weeks I cashed out they paid for groceries or a session of speech therapy. The best one I have found is Swagbucks for me but I have a full list of online survey sites for Aussies here.
4. Buy Things to Resell
At the time I sold mostly books. I could buy them for $1 or less and usually sell them for $10 to $30 online. Clothing was also easy. I lived in Western Sydney and could get some good brand name clothes for around $1.
I once picked up a few brand new maternity jeans which I was able to sell for $20 to $50 a pair. A couple of years ago I decided to track it all and see how much I could make. In my first month, I made almost $3,000 and by my fourth month, I made over $10,000.
5. Odd Jobs
I reached out to my networks and let them know I was available to do anything – mainly freelance writing and mentoring as those were the two things I already did. But I took on babysitting and anything else that came up. Now, it is much easier to find ways to make money.
99 Side Hustles for Aussies has 99 ideas, how to get them set up, how to market them and how to make more money.
6. Market Research, Mystery Shopping and Reviews
Paying $100 a session, any market research opportunities that came up I jumped on. They were few and far between but worth it. Mystery shopping didn’t pay a lot but it sometimes meant I got clothes or food for my kids plus a small amount of money.
Back then, some sites paid you to write reviews. When I couldn’t sleep or I had to wait for something I would quickly write a few reviews. The pay was only 20cents to $1 per review, so quite small but it was something I could do.
7. Enter Competitions
While it isn’t directly making money it did see me win hampers, clothes, DVD’s, movie tickets and other things which were not in my budget and helped.
I’ve written about where to find the best Aussie giveaway and competitions.
Making money isn’t the only important thing. I also had to learn to budget better, cut back all my spending in every possible way and still look to the future. Here are some articles which will help:
How to create a budget and stick to it
How this couple paid off $90,000 debt in 12 months (starting unemployed)
How to become a millionaire even as a single mum
Complete list of things you can use your healthcare/pension cards for (check your area to see what applies. This post is a few years old).
12 ways to get coupons and discounts in Australia
How have you made or saved money when you were broke?