Whether it’s for your downpayment or your mortgage dues, look to the following suggestions on how to make money on the side.
Take inventory of your belongings and sell items that you have no use for anymore: furniture, appliances, personal effects like clothes, shoes, bags; and collector items, which fetch quite a sum. Make use of websites like OLX Philippines, which allow you to post and sell your secondhand belongings. Make sure that you research and compare prices before you slap that virtual price tag on your goods. Keep your prices appropriate to the quality of the items.
Get your tax refund.
Get a form for income tax return and file for a tax refund at the end of the financial year. This tax refund is a sum of surplus money off of your tax liability. Simply put, if you paid or were withheld income tax that’s greater than your tax liability, you can ask for the surplus back from the Bureau of Internal Revenue (BIR). Companies usually provide the tax returns for their employees at the end of the year.
Get a part-time job.
Look into what you can do outside of your day job. If you have enough time, energy, and resources to work a part-time job, or sustain a similar sideline, do your due research and plan the logistics for this sideline. You could offer your services as your community’s on-call gardener, for instance, if you have a knack and passion for plants. You can freelance as an illustrator or a graphic designer if you’re inclined toward the visual arts.
Set up a homestay.
Travel and tourism have soared in recent years. Budget traveling, or backpacking, in particular, have amassed a wealth of practitioners. Nowadays, even travelers who could afford pricier lodging opt to stay cheap in a local’s home for the company and cultural experience. If you have an extra room and bed in your own home, consider renting them out to transients and travelers for an appropriate fee.