Showing posts with label how to supplement your retirement income. Show all posts
Showing posts with label how to supplement your retirement income. Show all posts

Wednesday, November 15, 2023

Earn Extra Money During Retirement - Tips for Earning When You are Barely Scraping By

Retirement is often seen as a well-deserved break from the daily grind, a time to relax, travel, and enjoy the fruits of your labor. However, for many retirees, financial concerns can cast a shadow over this period of life. The good news is that there are various ways to earn extra money during retirement, allowing you to supplement your income, pursue your passions, and maintain your financial independence. Let's explore some creative and practical ways to earn extra income during your retirement years.

Part-Time Work

One of the most straightforward ways to boost your income during retirement is by taking on part-time work. Many retirees find fulfilling roles in areas like retail, customer service, consulting, or tutoring. You can leverage your decades of experience and expertise to land positions that suit your interests and availability.  

If you decide on working part-time with the public, such as working in retail, it could also help you postpone dementia!  Research shows that expanding the amount of time you spend socializing has a positive effect on our brain health.

On the other hand, if you want to stay close to home for health or other reasons, it is possible to earn extra money doing things such as tutoring online.  If you have experience teaching math, reading or other skills, this could be an excellent way to increase your income safely from home, and work your own hours.  Just promote your new business through friends, flyers, a website, or local sites like Nextdoor.  

Freelancing and Consulting

If you have specialized skills or knowledge in your field, consider freelancing or consulting. Platforms like Upwork, Freelancer, or Fiverr can connect you with clients seeking your skills. This allows you to work on projects at your own pace while earning extra income.  Many people turn to these sites to get help with projects they are unable to complete on their own.  As a result, if you are good at graphic art, setting up webpages, or have other computer skills, you may find you can earn a nice extra income through these sites.

Another way you can profit from freelancing is to write your own book and upload it to the free website called CreateSpace.  This is an Amazon affiliated company which allows writers to create their own books, and list them for sale on Amazon.  You determine the sales price and the amount of profit you will earn from a sale.  I have several books listed on Amazon, including my most popular book, "Your Guide to a Fabulous Las Vegas Wedding." (Ad)  I wrote it after several friends and family members were married in Las Vegas, and a number of people asked me questions about it. You can write fiction or non-fiction, and it costs you nothing upfront to have your book published on demand.  Amazon takes a portion to cover their printing costs, and you keep the profit. 

Rent Out Your Space

If you have extra space in your home, consider renting it out through platforms such as Airbnb. This can be a profitable way to use your home and earn extra cash without a major commitment.

However, do not just limit yourself to renting out your house. If you do not want to deal with having strangers in your home, consider renting out space in your garage, shed or basement for storage. Many people would love a place to store an extra car, use as an artist's studio, or for similar purposes.

Pursue Your Hobbies

Learn more at (Ad)

Retirement is an excellent time to focus on your passions and hobbies. Whether it's photography, painting, crafting, or gardening, you can turn your hobbies into profitable ventures. You can sell your creations online through platforms like Etsy or teach workshops and classes in your community.  This is an excellent way to sell your home crafts, including artwork, knitting, or woodworking.

It is easier to earn money on these platforms than you think.  For example, the writer of this blog also has an Etsy store and, within a few months, started making regular sales.  My shop is (Ad) where I design and sell a variety of gift items, including jewelry, t-shirts, mugs and more.  I don't even have to make or ship the items myself.  I simply design them on the website of a dropshipping company which will make the products on demand, after they are ordered, and ship them to the buyers.  It is a fun way to use your artistic talents to earn extra money.  

Online Content Creation

The digital age offers countless opportunities for content creation. If you're tech-savvy and enjoy writing, blogging, making videos on YouTube, or even starting a podcast, you can generate income through ads, sponsorships, and merchandise sales.  If you like to write or create content, and you are passionate about a topic, you may be able to earn extra money in this way.

Share Your Knowledge

Your wealth of life experiences can be valuable to others. Consider offering coaching, mentoring, or life advice services. Many people are willing to pay for guidance from those who have navigated similar life challenges.

Invest Wisely

While not an immediate source of income, investing wisely can yield returns that supplement your retirement income. Consult with a financial advisor to create an investment strategy tailored to your needs and risk tolerance.  Try not to use your retirement savings, or even live on the income it produces, for as long as possible.  You want to use the power of compounding to increase your future income as much as possible, so you have it when you really need it. 

Online Surveys, Market Research and Online Games

Completing online surveys and market research can provide a small but consistent source of income. Many companies pay for your opinions on various products and services.  In addition, downloading free apps like Solitaire Cash and Bingo Cash can make it possible for you to win money which is paid to you securely through PayPal, Apple Pay, or directly into your bank account.  (However, in the interest of safety, I recommend that you not give them your bank account information until you are comfortable with these apps and their security. In addition, never sign up for a site that charges you to participate.)

Pet Sitting or Dog Walking

If you love animals, then pet sitting or dog walking can be a delightful way to earn extra income. Websites like Rover and Wag! can connect you with pet owners in your area.  Check with the Small Business Administration in your area to make sure you are following all the necessary legal requirements. 

Sell Unwanted Items

Decluttering your home not only creates a more comfortable living space but can also help you earn extra money. Sell unwanted items through garage sales, online marketplaces like eBay, or local classifieds.  If you have spent years accumulating more items in your home than you will ever use, retirement is a good time to begin to let go of some of them.  It will simplify your life and could help earn you some money.

See If You Qualify for Public Assistance

If you are really struggling financially, you may also qualify for some types of public assistance.  For example, you might be able to get SSI (Supplemental Security Income), if your Social Security benefits are extremely low. You might also be eligible for SNAP (food stamps) or housing vouchers.  If you are not old enough, yet, for Medicare, you may be eligible for a low cost medical insurance plan through the Affordable Care Act (Obamacare).  If you are struggling to buy food and pay for your other expenses, find out about the food banks in your area.  They could help you stretch your food dollars much further. 


By exploring these creative ways to supplement your income, you can continue to live comfortably and pursue your dreams during your retirement years. Remember, the key is to find a balance that allows you to enjoy both your newfound freedom and financial stability. So, go ahead and explore the opportunities that suit your interests and skills, and unlock the potential for a fulfilling and financially secure retirement.

Order from 

As mentioned above, I have set up an Etsy store as a fun way to help others and supplement my own retirement income.  One example is the lovely anniversary necklace you can see shown here.

You can even have the custom message on the card inside the gift box personalized with whatever message you would like to share with a loved one.  Just let me know what you would like it to say.  I also carry a beautiful line of affordable engraved jewelry in my shop.

 You can check it all out at: (Ad)

You will find a wide selection of lovely jewelry, including items which can be engraved with a special name, date or short slogan.

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Tuesday, August 20, 2019

Earn Extra Retirement Income and Supplement your Social Security

Many people are discovering that their Social Security does not provide enough income for them to live comfortably for the remainder of their lives.  If you are among those retirees who are having trouble making ends meet, you may want to find a simple way to supplement your retirement income.  Even an extra few hundred dollars a month can make a tremendous difference for many senior citizens.

Before you look for a job, however, you may want to visit your local Social Security or Social Services office and see if you are eligible for any extra financial help.  For example, you may qualify for SSI (supplemental security income), SNAP (food stamps), or a housing voucher. These forms of financial assistance will be dependable and consistent, whether or not you are able to work. The lower your retirement income, and the fewer assets you have, the more likely you are to qualify for these benefits.

If you do not qualify for extra government benefits, but you have money in a savings account or IRA, talk to a financial planner or your banker to see if you have maximized the amount of income you are receiving.  Can you get a higher interest rate on your savings, or larger dividends from your stocks?  If you have invested in a mutual fund, is your current one the best choice to meet your financial needs? If you are making annual withdrawals from your IRA, can you increase the amount you are taking and still feel confident your assets will last the rest of your life? The more passive income you receive, the easier your life with be.  You should review your investments at least once a year to make sure you are maximizing their income and growth.

If those extra financial boosts are not available to you, or they do not provide enough financial security, one of the sources of income listed below may be exactly what you need.

How to Earn Extra Retirement Income

Dog Walking or Pet Sitting - In our retirement community, there are a number of people who have pets they are no longer able to walk.  There are other retirees who come to their homes and walk their dogs twice a day for them.  Often, I see dog walkers with two or three dogs at a time, strolling around our neighborhood. For able-bodied people who like animals, this is a great way to earn extra money and maintain their own health at the same time.  In addition, you are also providing an extra service to weak or infirm seniors, simply by stopping by their homes to pick up their dogs.  You are also providing them with daily contact with another person, and confirming that their health has not taken a turn for the worse. Another way dog lovers can earn extra money is by pet sitting for seniors when they go out of town.  Many people prefer a pet sitter over taking their pets to a commercial kennel.

House Sitting - If you are a reliable, responsible person who is willing to water plants, take care of pets, and keep a home picked up and orderly, this could be a simple way to avoid paying rent for a period of time, or to earn a little extra money while keeping your current residence.  My sister-in-law was a Realtor in an upscale community when she was in her 50s.  She stored her personal furniture and, for several years, she simply moved from home to home while people were on extended trips or their homes were up for sale, and they wanted someone to stay in them until they sold.  She rented a post office box to receive her mail and occasionally spent a few nights in a hotel when she was between homes.  However, for the most part, she was able to do this consistently for a long time and enjoyed the experience, the luxurious homes, and the easy way to build up her savings.

Rent Out a Room - First, check out the rules in your city or homeowner's association. If there is no problem with short-term rentals, you can register with a vacation rental site such as Airbnb, Homestay or VRBO. In addition, talk with friends and see if they know someone who would like to rent a room on a long-term basis.  One of my friends, a retired teacher, enjoys renting a room in her house each year to a college student.  Other people I know rent out rooms exclusively to other senior citizens.  If you are privately renting a room, make sure the rules are clearly written out regarding use of the kitchen and laundry, pets, chores, having friends or grandchildren spend the night, "quiet hours," etc.  It can save a lot of frustration in the future.

Rent out your garage or basement for storage - If you do not want people living with you, consider renting out part of your garage or basement for storage.  Many people will pay $100 or more each month to store their antique car, furniture they don't have room for, or other items.  If you live in a condo with an assigned parking spot which you do not use, you may be able to rent it out to someone else.  This is an easy way to make a little extra money without the need to regularly interact with someone else over breakfast!

Rent out your car - Many retirees discover that they use their car less and less as they get older, yet they still want to keep it.  Register your car on a site like Turo, and other people will pay to use it on a rental basis.  At the very least, you may be able to offset the expense of keeping a car.

Drive other people around - If you would rather drive people around yourself, and you have a good driving record and reliable car, sign up with Lyft or Uber.  People in our retirement community are beginning to be both drivers and users of these ride-sharing services.  It is a convenience for those who can no longer drive to have other seniors drive them around, and the people who are doing the driving are able to earn a little extra money helping their neighbors.  I have heard Uber drivers say that "they would rather drive retirees to the store or airport than pick up drunks from bars!"

Advertise that you will run errands for neighbors for an hourly fee - People who have just gotten out of the hospital, had surgery, or just have trouble getting out of the house, appreciate being able to hire someone to pick up their groceries, dry cleaning, and prescriptions. Just make sure they understand you are running a business and not doing this for free! It is not unusual for younger, healthier retirees to find themselves frequently providing these services for neighbors who do not offer to reimburse them fairly for the time and gas mileage this requires.  If your goal is to earn extra money, then you need to advertise, promote yourself, and run your service like a business.

Cook for those who are home bound - Our local neighborhood online site, Next Door, often contains posts from people who are looking for someone to deliver home cooked meals to them.  You may have to do a little advertising or promoting to build a clientele, but once you do, this could be a fun way to earn money doing something you enjoy.

Sell your arts and crafts - Our community has several sales a year which allow our talented local artists to sell their paintings, crocheted purses, jewelry, pottery, wood carvings, quilts, and other unique, handmade items.  You can also register with a site like Etsy, or sell your creations at a local flea market.  You may even build up a following of people who particularly like your style! When we were in Hawaii one year, we met a woman at a flea market who was selling the most wonderful coffee.  She grew it, roasted the beans, and sold the coffee grounds herself at the flea market.  Find something you enjoy doing and share it with the world.

Blogging or writing online - As a blogger myself, I have noticed that the income from online writing has dropped the past few years.  However, someone who loves to write can still earn a little money by writing a blog, submitting articles to Hubpages, or being an anonymous webpage writer through Textbroker. I have done all three. If you love to share your knowledge and experience with others, this can be a fun way to supplement your income.  If you write a blog, make sure you register as an associate with Google and Amazon, and you will be able to put their ads on your site.  When people click on a Google ad, or purchase something from Amazon after clicking on a link on your blog, you can earn a little extra money.

Write a book - If you have always dreamed of writing a book, go ahead and write it and use Amazon's free service at to produce your book and sell it online. Amazon will create both a print-on-demand paperback and a Kindle version of your book.  If you are patient, take your time, and do all the work yourself, you can create it for free. Before you start, it would be smart to get the Amazon Self-Publishing Guide and follow their directions. Success varies, but it can be very satisfying to have your books available online for family, friends and strangers to purchase. Although I have never written a best-seller, I have sold hundreds of copies of my books on Amazon under my pen name, Deborah Dian.

If you have an interesting background, you may want to write a memoir. If you survived a dangerous situation, or have learned how to deal with a complicated illness, there are people who will want to hear about your experiences. If you are an expert in a field, or you love to travel, you can even write both a blog and a book, and use them together to get paid to share your knowledge or adventures.  Set up a Twitter account and business-style Facebook author's page to promote your blog posts and books.  These are free and easy ways to promote them. When you expose your books to the public, you may be surprised at how many people will want to read them. For example, after several friends and members of my family were married in Las Vegas, I wrote  "Your Guide to a Fabulous Las Vegas Wedding."  (Ad)

Gardening or landscaping - Many people, especially as they age or get busy with their careers, tend to let their gardens go, even though they would really love to have a home surrounded by beautiful flowers and shrubs.  If this is something you enjoy, let people know you are in the business of planting flowers and maintaining them on a regular basis.  Contact local businesses, too.  I have a friend who had a lucrative business supplying plants to local office buildings.  They also paid her regularly to return each week to water the plants, prune them and replace them, when necessary.

Handyman or handywoman services - Are you good at making minor home repairs, hanging pictures, refinishing scratched furniture, etc.?  Put your skills to good use.  Senior citizens, in particular, are always in need of someone who can fix that door hinge, hang a screen door, put up their storm windows and provide similar services.

Clothing alterations - Another service which seems to be disappearing commercially, but is still in demand, is alterations.  If you are good at hemming, sewing on buttons, or making other similar repairs and alterations, you may be able to set up a thriving business from your own home.

Teach English or other subjects to students over the internet - If you would like to teach English to foreigners, you can now find jobs doing it from home.  Check out sites such as Lingoda and iTutorGroup which match up teachers and students.  You can also find jobs on and Wyzant.  One of our daughters tutored children in math on while she was getting her teaching degree.  It was a great experience for her and she was able to work during the hours which were convenient for her, since there are  nearly always students in other time zones who need help.

Tutoring - If you are not comfortable teaching online, contact your local school district about tutoring local students after school in subjects in which you excel, such as math, science, music or a foreign language.  If your school does not have any opportunities, you may try advertising your services in your local newspaper or a neighborhood newsletter.

Customer Service Representative - Some companies, especially large national retailers, will hire people to work from home to take orders and provide customer service to clients.  The companies like the fact that they do not have to provide office space for large numbers of people using phones and computers.  You can work from your own home, as long as you are reliable, have a quiet place to work uninterrupted, are willing to work the hours they need you, and you have a computer, phone, headset and internet service. Contact the headquarters of various retailers and ask if they need work-at-home customer service representatives. Do NOT fall for a scam, however. If a company wants you to buy any products or special equipment from them, look elsewhere for a job.  If you are a retiree looking for work, the last thing you want to do is spend money that you may not recoup. 

Part-time jobs - Virtually everywhere I go, restaurants, shops, cafes, bakeries, department stores and dry cleaners have signs which say "employees wanted."  If you need extra income, it would not hurt to stop at a local business and fill out an application.  Don't forget your favorite clothing store.  You may even get a discount!  In addition, talk to someone at your nearest senior center. They may hire you, or they may know of an upcoming job fair where you can meet a number of potential employers. If you live in a senior community, many of them hire residents to work in their office, gym or other facilities.

Sell things you no longer need - Many retirees are crammed into small spaces, trying to hold onto every hobby item and piece of furniture they ever purchased.  Although this is not a long-term solution to your financial problems, if you need extra money and space, try selling items you no longer enjoy or need. Gold jewelry you no longer wear can sometimes fetch a good price.  Selling these items could help you get through a time when money is tight, for example to cover a medical bill or car repair.

If you have other, legitimate ideas to help retirees earn extra money to supplement their Social Security, please feel free to share the details in the comments section.  I'm sure it will be appreciated. Do not include links to other sites, however, or your comment will not be published.

For more information on financial planning in retirement, where to retire, Social Security, Medicare, common medical issues and more, use the tabs or pull down menu at the top of the page to find links to hundreds of additional articles.

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