Hi! I’m Kyle, the Penny Hoarder.

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The 5 Best Ways to Make Extra Money in 2014
2014 Money

by - January 1, 2014 - 30 Comments

Welcome to 2014!! Like every year, the holidays did quite the number on both my bank account and waistline. Bah.

I definitely can’t help you with the waistline (and it’s -4 today in Maine, so there’s no chance I’m going to start working on mine today).

But, I can help you make a little extra cash this month.

So for all of us that need a little help paying off that Christmas debt or getting a jump on the 2014 budget, I’ve put together a list of some of favorite tips from the last few months. Without further ado…

The 5 Best Ways to Make Extra Money in 2014

….

 

1. Get Paid to Scan Your Groceries

This Homscan scannerrone is also through the Nielsen company and this division will pay you to report the purchases you make at the grocery store each week. Crazy, right?

Once you sign up to become a Homescan family, the company will send you a free scanner (like the one pictured to the left). Every time you go shopping, you simply scan the barcodes on the back of each product and send your data off to Nielsen. Pretty easy, huh?

If you want to give it a try, you can fill out the application here: Nielsen Homescan Application

As an active participant, you earn gift points which you can redeem for different types of merchandise.  You can choose electronics, jewelry, household items, and even toys for the kids. The longer you stay on the panel, the more opportunity you have to earn points towards prizes.

You also receive entries for the panel’s many sweepstakes.  Prizes include money, vacations, and brand new vehicles.  This is a great way to make your consumer voice count and be rewarded handsomely for recording your purchases.  You’re already going to the grocery store anyway, right?

 

 

2. Earn Extra Money by Listening to the Radio, Reading Emails, etc.

Listening to music on iPod

One of my favorite ways to make some extra money is with InboxDollars.com. There are a number of websites that will pay you to read advertiser’s emails, sign up for offers, and take surveys. I’ve tried about a million of them, but there are only a few of them that I would recommend. Inbox Dollars is one of those companies.

It’s free to join Inbox Dollars and best of all, they give you $5 just for signing up. They’ll even pay you up to $120/year just to listen to their radio station.

Inbox Dollars just requires that you accumulate $30 in earnings before you can “cash-out” and they pay you by sending a check.

Some sample offers include one that asks you to sign up for a email newsletter from AMF Bowling. That pays 50 cents and takes about 15 seconds. Another offer asks you to sign up for a free account at Turbotax.com to earn $3.50. These are simple and there are nearly a hundred of them to choose from. If you are interested in giving Inbox dollars a try, visit the sign-up page here to get started (open to every country).

 

survey3. Take a Survey with MySurvey.com

Most of you know that I hate survey companies. :)

There are so many scammy sites out there and often times taking a survey is little pay for a lot of work. However, one of the exceptions I make is with MySurvey.

They’re one of the oldest online survey companies and they have an A+ rating with the Better Business Bureau.

The reason I like MySurvey so much is that they pay you for even the surveys you don’t qualify for. You see, most survey companies make you take a “qualifying survey” before you are given access to the paid survey. And if you don’t meet the qualifications for that particular survey, you earn nothing (despite the fact that you spent 5 annoying minutes answering questions).

MySurvey is different – even if you aren’t given access to the full survey, they will stay pay you for answering the questions in the qualifying survey. Pretty cool, huh? Now, you’re not going to get rich answering surveys, but it can be a fun way to make an extra couple hundred dollars a year. Heck, I do them as I’m watching TV. :)

Signup for MySurvey.com here. (USA only)

Update 3/23: Several readers have written me to suggest Ipsos Panel as well. In addition to surveys, they occasionally send you free products to test as well. Sounds promising…

 

Capital ONe 3604. Open a 2nd Bank Account at Capital One & Get a Free $50.00

About a year ago, Capital One took over the online bank, ING Direct, and started offering free online checking accounts. What’s even cooler is that they’ll give you $50 just to open one.

I’ve already got a checking account that I’m pretty happy with, but I don’t mind opening a second one for some free cash. :)

Here’s how to do it:

1. Open a free checking account with Capital One 360.

2. There’s no minimum deposit with this account, but you’ve got to make at least 3 purchases with your Capital One 360 debit card during the first 45 days of opening the account.

3. On the 50th day, Capital One 360 will deposit a free $50 in your account. Sweet! For those of you who aren’t familiar with Capital One 360, they are a pretty popular virtual bank that gives spectacular interest rates. It’s completely free to open and maintain an account with Capital One 360.

Read more about it here:  “Free Money Alert: Get $50 from Capital One 360

 

5. Make Money by Hunting for Used Books

Used Book Store

Most people know that you can sell your used college textbooks on buyback sites like Amazon. But did you know that there are a growing number of people who are hunt for novels at garage sales, estates sales, and library sales and then resell them to the online retailers for a higher price?

Here’s how it works:
First, de-clutter your own house with unwanted books to get the feel of how this works. Now, not every book holds value and therefore some books you may end up having to send to the Goodwill. You should also know that there are several sites which purchase books so I recommend that you check a few so can find out who has the best offer. My favorite site has always been BookScouter.net.

Once you get started on one of the websites you’ll notice that they ask you to enter in a the 10-digit ISBN number. It’s located right above the book’s UPC number and it acts as a unique serial number for books. Each site will then spit out a cash offer for your book. You’ll need to pick the book with the highest offer and then ship the book to them. They will pay for the shipping – you simply print out a prepaid shipping label from their site and within a couple of weeks you will receive a check back in the mail or a deposit in your Paypal account. Pretty easy, huh?

Now for the hunting…
Your job is to head to the local garage sales, flea markets, library sales, etc. and look for books that are cheap enough that they can be resold for a profit. It used to be that you needed to be a bit of a used book expert to know which books to buy. Certainly you don’t want to start buying books that you can’t easily resale. However, it has now gotten so easy that you can use your smartphone to look up the value of a book before purchasing it. A few of the sites like BookScouter even have a mobile app that allows you to enter the ISBN number and get a cash offer on the spot. You can use it as you shop.

Just think of the earnings potential. If you are at a garage sale that is selling books for .25 a piece and you  find a dozen that are worth $3-$5 you will make upwards of $50 just for visiting that one garage sale. It’s awesome and it’s no wonder why a few people are starting to make a living out of used book hunting.

 

Nothing on this page is going to get you rich, but sometimes it’s just about making a few extra hundred dollars each month, right?  So get to work and have an awesome 2014!

Good luck Penny Hoarders!


  • Kara

    This is awesome! Another one is the workout app Pact, which pays you about $0.40 per workout you complete (if you miss a workout, you have to pay $5 to $20 – whatever you preset). It has definitely helped me be more active, plus I’ve made about $19 so far.

  • Ebie

    Any ideas for books that are worth nothing? I have a bunch of old textbooks that I hate to just throwout but are outdated. Even a recycling program or some sort of points program that will get them out of the house?

    • Des

      You can give them to the good will or second hand stores. Almost all bookstores that sell used books will take them, they might not oat though.

      • Des

        Pay*

    • JLee

      There are a few stores in Massachusetts (Readmore Books & Annie’s Book Stop to name a couple), which will take your old books and give you credit towards other books in their store (both new & used). It’d be worth a shot to see if there are similar stores in your area.

    • wurdnurd

      Older edition textbooks are rarely worth anything, which is why so few companies or orgs will accept them. A note about selling books online: if you sell on Amazon Marketplace, please please PLEASE pay attention to the other sellers’ pricing. Blindly pricing below all other sellers only creates a race to the bottom, and NO ONE makes money once you get down there (unless you’re a warehouse outfit, and you’ll quickly learn you can’t compete against them).

  • Travis

    Donate plasma.

  • ToTheMoon

    Buy Bitcoin!

    • Kevin

      ….interesting advice

  • http://cslplasma.con az1cowboy

    I donate plasma twice a week. I make $64/wk doing that.

    • joseph

      Eat fatty foods and I’d stop donating plasma if I were you that’s no good. Unless you’re doing it to save life’s out there.

      • Kevin

        Good advice

    • http://Threepennyhoarder.com Jennifer

      How do you get started donating plasma and getting paid for it? Thanks!!

  • http://My Kent Garcia

    Thanks

  • Ted

    Sounds pretty awesome

  • cybergrrl

    “Getting paid to scan your groceries” is legit but is very, VERY time consuming. I did this for awhile and gave it up because of the cost in time. You don’t just ‘scan and send’. You have to answer questions about every product you scan – how many, cost, was it on sale, did you use a coupon, etc, etc! And it needs to be done with EVERYTHING you buy to be “honest”. But if you’re just sitting around the house without a life, I guess it’s better than getting nothing.

    • Kevin

      See Kevin’s comments

  • http://CNS.com Fred

    Be a guinea pig at various research centers (CNS in Orlando is a good one)

  • Angela

    I’m willing yo try your ideas

  • Bob Laidens

    When I’m hard up for cash I will dig around my yard with a shovel. Eventually some neighbor will ask me what I’m doing. I act like I can’t hear them, so they get closer. While they talk to me, my friend slips into their backyard and turns on their hose water.

    Within a few hours the neighbor comes with I didn’t realize is what has happened. While they mopping up all the water on their back porch, they will also be often bring a soft drink out to enjoy while they sweat and labor. when they are finished, they will go back inside, off and leaving the empty can. I collect these and turn them in for cash.

    • Hurricane K

      So SNORT worthy!

  • Dan

    Are there offers for africans?

  • Old grumpy guy

    This website is shit.

  • Robin

    Seriously, none of those ways are any stream of income-it’s pity ways of making twenty dollars..! What a joke. I’ll teach everyone how to make money, it’s by being open minded to learn about multilevel marketing, investing in yourself. Obtaining residual income. This is how the millionaires are rich.

    • Kevin

      See Kevin

  • Rox

    When I want a couple or more thousands of dollars I sign up for health studies. They help out BIG time.

  • Lee

    Multi level marketing is a ponzi scam to make the starters and their families money. I don’t know anyone who has made a good living at mlm.

    • DeLora

      Mlm is not a ponzi scheme. The BBB has endorsed many mlm’s and they are actually helping people come or of debt. Do your research to see which one is best for you. If you don’t like buying inventory then stick to one like LegalShield that serves the community instead of selling products that little can easily just buy from a store.

  • crystal

    You have to qualify for the capital one 360 account and the scanner thing isn’t taking new people. Two are a bust.

  • Kevin Marino

    Please do not confuse network marketing with a ponzi scheme … They are VERY different.

    There are actually some companies that do not charge you to join … North American Power is one such company and I can personalty vouch that people can earn an amazing amount of money based on efforts which do not include asking people for money!

    Want free info just ask … kevin@energynetworkusa.com

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