14 Leisurely Ways for Retirees to Make Extra Money in Their Spare Time
Some of the links in this post are from our sponsors. We’re letting you know because it’s what Honest Abe would do. After all, he is on our favorite coin.
We write about a lot of work-from-home jobs, side gigs and ways to make money online, but we get this question a lot: How can seniors make extra money from home?
Depending on your skills and ease with technology, you have tons of options. (Really, my two grandmothers are almost more tech-savvy than I am at this point.)
You just have to be sure you don’t get caught in a scam.
Earlier this year, we listed the top 10 types of online jobs for seniors, but here are some more specific opportunities you can take advantage of right now.
1. Take Online Surveys
Now, you’re not going to rake in a ton of bucks doing this, but you can make a little bit of extra cash. Plus, it’s a fun way to pass some time.
Start by using a site like Swagbucks. It’s pretty easy to navigate, and honestly, it’s a bit addicting.
You’ll get selected for surveys and earn SBs (Swagbucks) for each one you complete.
The exchange rate isn’t bad. For example, earn 500 SBs, and you can score a $5 Amazon gift card.
If you’re at all confused, here’s a beginner’s guide to Swagbucks. It’ll walk you through the platform and how to get the most money for your time.
Sign up here, and you’ll snag a $5 bonus.
2. Watch Videos Through This App
InboxDollars is another well-known site, and allows you to earn money for completing tasks, which you can exchange for gift cards.
You can watch videos, take surveys or use coupons through the app.
I wrote an ultimate user’s guide to InboxDollars if you want more step-by-step details.
If you sign up through this link, you’ll automatically get $5 to start you off.
3. Drive for Lyft or Uber
I’ve met several Uber and Lyft drivers who have retired and now drive as a way to earn extra money and get out of the house. It’s also a great way to meet new characters.
Pro tip: If you’re like my mom, who can’t see anything, try running the apps on your iPad or tablet. I’ve seen several folks do this and say it makes navigation much easier.
4. Deliver Food
If you’re not so keen on delivering people to their doors, you could consider delivering food. Sure, you might need an occasional air freshener, but you can make as many — or as few — deliveries as you want.
Try signing up for UberEATS.
You can even sign up for Uber ride sharing and UberEats and mix life up a bit.
(Also, I heard from an UberEATS driver once that if the person who ordered the delivery goes MIA, you’ll get to take the food home.)
5. Rent Out Your Extra Room
If you haven’t made the decision to downsize in retirement, chances are you have a spare room.
Consider listing it on Airbnb. You’ll be able to make a decent amount of money (the most of any sharing economy platform, according to this survey).
If you’re not sure where to start, here’s a guide on how to transform that extra bedroom into cash.
And if you want to see whether the venture is even worth it, go ahead and use Airbnb’s calculator to find out how much you could be making.
(Hosting laws vary from city to city. Please understand the rules and regulations applicable to your city and listing.)
6. Offer to Babysit
I bet you’ve got some experience with kids. Offer to babysit for your friends, family or neighbors.
You could also sign up with SitterCity, which makes the whole process a lot easier. You’ll create a profile, then you’ll be able to easily find babysitting gigs near you.
Families will review your profile and run a background check before connecting with you. If you want to see some examples of listings in your area, you’ll find a few here.
7. House Sit
If kids aren’t your thing, you could always just watch houses. You can make a good chunk of change doing this — plus it could fund your travels if you plan right.
These platforms make finding housesitting gigs easier.
8. Sell Your Art on Etsy
OK, honestly, one of the big appeals to retiring — in my opinion — would be that you actually have time to spend on whatever you’re really passionate about.
And you can make money from that.
For example, I’d love to be able to cross-stitch full time and sell my pieces on Etsy. Or you could capitalize on your woodworking abilities or knitting or whatever you love to do.
9. Write Greeting Cards
Got a way with words and feelings? Get sappy (or sassy) and write greeting cards.
We compiled a list of eight companies that’ll pay you to do it. Plus, scroll to the bottom, and you’ll find a bonus platform where you can make your own cards and earn a percentage of the income.
10. Get Paid to Lose Weight
Self care is all the rage right now, and now that you finally have time to focus on yourself — and can get away from a desk — you can get fit and maybe even shed some pounds.
If you need extra motivation, check out HealthyWage. Basically, you’ll place a bet on how much weight you can lose in a certain amount of time, and you’ll get paid if you meet your goal.
Take, for example, Teresa Suarez, who lost 68 pounds and pocketed $2,415.28.
Nothing’s more motivating than money, right?
11. Clean Out Your Closet
Over the years, you tend to collect items you might not need. I took a hard look at my closet the other day and wondered how in the world it had exploded with such random things.
It’s time to take some notes from “The Minimalists.”
Comb through your items and, if you haven’t used them in a while, sell them and make some money.
Or if you have old CDs or DVDs — or even smartphones — try selling them to a platform like Decluttr. You scan your items’ barcodes with the app and then print out a label for free shipping. Toss ‘em in a box and be done with them.
You might be surprised by how much money you can make just from cleaning!
12. Participate in a Clinical Trial
Ever thought about donating your body to science?
OK, you don’t really have to do that to participate in a clinical trial. You can get paid to do basic things — like sleep. Or, if you have any particular ailments, you might find a match for a paid trial to treat them.
Use this guide to start your search.
13. Find Flexible Work-From-Home Jobs for Seniors
We know, we know. You’re retired. But that doesn’t mean you can’t take on a flexible work-from-home job.
We found a whole list of places where you can some.
Bonus: We also post a ton of opportunities over on The Penny Hoarder Jobs Facebook page.
14. Enter a Writing Contest
If you enjoy writing — fiction, nonfiction or poetry — try monetizing your skills
Find writing contests online and enter them. One of our favorite sites to find a variety of free contests is Write Jobs.
Some contests pay $500 or more!
Carson Kohler (@CarsonKohler) is a junior writer at The Penny Hoarder.