With the countdown to Christmas well underway, and with countless gifts to buy, we’re all looking for new ways in which to make extra money.
To make matters even more difficult, many families are struggling due to a decrease in working hours and unemployment as a result of the lockdown. A recent survey revealed that nearly 70% of parents admitted that their families are struggling financially in the aftermath of the pandemic.
If you’re currently struggling with your finances or you’d just like to make a little bit of extra cash in the run-up to the festive season, here are a few fun hobbies that could help you to earn an extra income this winter.
Sports Refereeing
If you love all things sport and have local sports classes in your area, you could sign up to do paid refereeing on evenings or weekends. This is a great way to get involved with your children’s interests if they attend sports classes already, or alternatively can be just as rewarding for those who want to get involved to support their local community. What’s more, you don’t have to worry about it clashing with work as these games often occur on weekends during out of work hours.
Writing
If you’re a creative person who’s always had a flair for stringing together a sentence or two, then freelance writing could be a great way for you to earn a side income. According to recent reports, the average hourly rate of a freelance writer is £24 an hour – so the money can soon stack up the more pieces you write! Another added bonus is that you can write from the comfort of your own home, so you don’t have to spend any further money traveling to or from a location. Simply open your laptop on your sofa at home and get started!
Trading
For those with a more analytic mind who are up for a challenge, why not take up trading? One of the most popular profitable hobbies to get started in, you can get into this pastime trying out copy trading using myfxbook. This is a tried and tested method that allows beginners to copy the trades of veteran traders so that you can mimic their approach and share their success. It’s worth mentioning that, as best practice, you should always start with small, low risk, affordable investments to begin with in trading. Then, once you begin to build up your confidence, you can increase these numbers to higher figures the more experienced you become over time.
Disclosure: This is a collaborative post.