Whether you are a senior that is in need of extra cash for financial reasons, or you are a senior
who is simply tired of being retired and is looking for ways to better spend your time, it’s
beneficial to know how to make extra income. There are a variety of ways for you to bring in
extra cash as a 55+ citizen, however, a lot of the time, people don’t know where to begin when
looking for these ideas. So, here are some ideas for you to earn some extra money as a retired
senior that will keep you busy and can require very little effort.
Determine the Benefits of Going Back to Work or Getting a Part-Time Job
If you are in desperate need of money and going back to work is your only option, it’s worth it to
weigh the pros and cons of going back to the field you were in prior to retirement or getting a
different part-time job. If you are capable of returning to the filed you were in for a large part of
your life, it could be beneficial to return to work since you already are skilled at the tasks. If the
company you worked at upon retirement has positions available, working there until you are
more financially stable could be a quick solution.
However, if you are not as physically capable of returning to the position you were in upon
retirement, it may be worth your while to consider working at a part-time job that is less
demanding. Here are some part-time job ideas that most seniors are qualified and capable of
Part-Time Job Ideas
- Substitute teacher
- Bus driver; ideally in a school district
- Librarian assistant
- Sales associate in retail stores
- Child care
- Uber driver
- Professional blogger
Rent Out an Extra Space
If you have extra space in your home or on your property, renting it out could be an easy and
essentially effortless way to bring in some extra income.
If you have an extra part of your home that isn’t being utilized, consider renting it out. A way to
begin this process is by looking online to see what you could rent it for and then posting it on a
website such as Craig’s List. Similarly, you can do this if you own a building or an office space,
perhaps from when you were working.
Check to See if You Qualify for Any Financial Aid Programs
In addition to social security, you may qualify for financial aid programs that you don’t even
know about. Some of those financial aid programs include:
- Subsidized and affordable housing
- Medicare/ PACE (Programs of All-Inclusive Care for the Elderly)
- Food stamps
- Home Energy Assistance
- State Property Tax Assistance
- Telephone Assistance/Lifeline
These programs vary by state and are put in place to help seniors. In order to find out what
financial aid programs you qualify for, start doing research and applying online.
Earning Extra Money as a Senior
In your later years of life, even if you are financially stable, it’s important to keep busy. A senior living community in New Jersey promotes the importance of staying active in old age, offering over 90 activities for its residents; a way to staying busy could also be a way to earn extra cash.
Earning extra money as a senior doesn’t have to be challenging and stressful, consider these
options when considering the various ways to make money as a senior.