14 fun ways to make money

14 fun ways to make money

Laugh & Get Rich Day on February 8 is a day that celebrates the physical and mental healing benefits derived from laughter.

Laughter boosts endorphins, aka the happy hormone. Endorphins boost creativity and motivation, and a surge in creativity and motivation is likely to help your earning capacity, whether that be at your 9-5, or by pursuing a new side hustle.

That’s why we’ve decided to write a list of fun ways to make you rich[er], while also hopefully making you laugh.

These ideas are for everyone; most of the time all you’ll need is internet access, your unique skills and equipment you already own (or which is affordable to buy).

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1. Use the dark arts … and crafts

Do you enjoy making jewellery, drawing or digital art? Turn your hobby into a moneymaker by selling your items online through stores like Etsy.

You can hone your creative skills and have fun, while also having the warm, fuzzy feeling that comes with your art brightening up somebody else’s day. So why not knit, sketch or crochet your way to some extra cash?

2. If it doesn’t “spark joy”, sell it

Why not adopt author Marie Kondo’s approach to minimalism? She says that if an item doesn’t “spark joy” when you touch it, or isn’t absolutely necessary, then it should be thanked and sent on its way – or, in this case, sold.

Spend an afternoon purging yourself of the items that don’t make you feel joyful. Immerse yourself in old memories; reunite with bad wardrobe decisions, thank those old socks under your bed for their service (maybe bin those) and make some cash selling that brand new tent you once bought for a camping trip that you never went on.

You can sell things on Ebay, Amazon, Gumtree, Facebook Marketplace or Etsy, or you could have your own garage sale.  

3. Grow a pear

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Grow your own produce. You’ll save on your grocery bill – and, if you have a surplus, you can sell it to your friends, local farmers’ market or independent grocer.  

Do you have a garden, balcony or space for a window box? There’s a multitude of different fruit veg or herbs and spices that you can start growing today.

There are even plenty of edible plants you can grow indoors: mushrooms, tomatoes, chillies, lemons, mint, basil … the list goes on. Try using hanging baskets if you’re pushed for space.

Often you don’t even need to invest in any seeds: simply harvest them from your store-bought fruit and veggies. There are YouTube videos that show you exactly how-to. This way you get your usual haul, without spending an extra penny.

4. Dill with it

In the vein of edible DIY, why not get pickling and preserve some cash? Make your own delicious pickles, chutneys or jams and give them away as Christmas gifts to your nearest and dearest, and save yourself a bundle on gifts.

You could also sell them at a festive fair, or at your local farmer’s market, and make a tidy profit.

If you consider yourself more of a baker, you can do the same with cakes, cookies or savoury treats. Be aware that they don’t have the same shelf life; so make sure you check the rules of wherever you want to sell them before you don your apron and whip out your rolling pin.

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5. Tweet yourself

If you have a substantial Twitter following, you could be paid for tweeting sponsored tweets.

You can find potential clients on sites such as PaidPerTweet and SponsoredTweets.

6. Flog your blog

There are a few ways to make money from blogging. For example, you can include ads in your blog or you can use your blog to promote other ventures.

Why not start one today? Starting up a blog is easy; Squarespace and WordPress are but to name just two potential website builders.

If there’s something you’re passionate about, write it down. Make it innovative, informative, evocative or just downright hilarious. Spread the laughter: spread the wealth.

Or make people cry. People read sad blogs. You could write a blog about politics.

7. Fire up your finances with some Kindling

It’s free to publish a Kindle eBook online; start from scratch, or just compile your blog posts.

If you’re something of a wordsmith, you’ve nothing to lose in putting it out there.

8. Monetise your quirk with Fiverr

Do you do a perfect Donald Trump impression, give great relationship advice or fancy yourself as a bit of an amateur witch? Then you could sell your services on Fiverr.

Fiverr is the place where you can sell almost any service, starting at $5. Seriously, nearly anything goes: from spell casting to legal writing, prank pulling to web design, people with a skill can market it on Fiverr.

9. Get snap-happy

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Are you a budding photographer? Why not sell some of your photography to stock websites? It’s not exactly the most lucrative industry, but it’s easy and free to do, and you’ll have some fun in the process.

10. Don’t stop retrieving, hold on to that feline

Love animals? Why not become a part-time pet-sitter? You could make a small fur-tune.

Dog walks are good exercise (remember those endorphins) and you get to spend time with some fluffy friends and help out people who may be less able to exercise their animals themselves. Can you feel the love?

And you can work this around your standard work schedule by doing early mornings, evenings or weekends.

You can also be an overnight or holiday sitter. Looking after fur/feather/scale babies in peoples’ homes can actually pay pretty well. There are sites like Aussie House Sitters, MadPaws and Happy House Sitters that you can sign up to for this kind of work.

11. Go Nanny McFee

a) Do you like children? Babysitting and nannying can be pretty lucrative. Parents have all sorts of commitments and often they need a helping hand that they’re willing to pay for.

b) Do you have children already? Would the addition of one or two more for a few hours at a time potentially not scatter your marbles much further?

Think carefully about this one. This is meant to be a fun list.

12. Play for pay

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Did you know you can stream yourself playing video games? You don’t even need to be good at it; all you need is a personality.

Sites like Twitch are free to sign up to, and if you create a persona for yourself that people want to watch, you can make money through clicks to advertising on your videos, or add links yourself and monetise those clicks.

13. Get paid to be appy

Companies like Ping Pong Digital Testing are free to sign up to, and you can be paid for testing out apps for startups.

All you have to do is sign up and wait for an email invitation to participate in a web-chat while you test out the site. It’s that easy!

14. Face it till you make it

Sites like Upwork and Freelancer can be useful, but depending on your skillset, they can often be difficult to find work with. Plus, when you do find work, you see a hefty chunk of payment vanish into their commission fee, and then more into withdrawal fees.

Join Facebook groups that reflect your skillset and interests, use self-promotion and message people directly to attain work (just be careful to write up an agreement with your client before starting on a job).

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Learn more about bank accounts

Can I find my bank account number online?

Yes, you can find your bank account number by logging into your online banking and clicking on the relevant account.

Do I need to open a business bank account?

Just because you’re in business doesn’t necessarily mean you need a business bank account. You could be a sole trader not registered for GST, and use your personal bank account for business.

If you do want a business account, there are plenty of benefits attached to business transaction and savings accounts, as well as business term deposits.

There are business bank accounts designed for businesses with a high volume of transactions, and those for start-ups with a small amount of trade. You could also include an EFTPOS service with your account.

Some business bank accounts charge for the number of transactions per month, while others offer a pay-as-you-go fee structure, where you only pay fees for transactions you make.

It’s up to you whether your priority is mainly transactions, or earning the maximum amount of interest on your principal. There’s a business banking solution for you if you need one.

Can a debt collector garnish my bank account?

A debt collector can garnish your bank account, but only with a court order. This drastic action is usually taken only if you’ve ignored several notices asking you to pay the debt.

If this happens, there is nothing you can do to stop it other than immediately pay back your what you owe in full or make arrangements to pay it off in installments.

Once a garnishee order is issued, your bank will put a freeze on your account as it processes the order. This usually takes two to three days and you won’t be able to access any of your money during this time.

If you have Centrelink payments, they may be protected, depending on what the court order says.

Are bank accounts frozen when someone dies?

Yes, Australian bank accounts are frozen when someone dies. If you want to close the account of somebody who has died, you might have to provide proof of death and a copy of the will. You might also have to prove your relationship to the deceased person.

If you have a joint bank account with somebody who has died, you will generally be entitled to all the money in the account. Again, you might have to provide proof of death if you want to change the bank account from a joint account to a one-person account.

Can I start a bank account online?

Yes, most lenders that operate in Australia will let you set up a bank account online. The process is usually simple and takes five to 10 minutes. You will probably need to provide a passport or birth certificate, as well as a driver’s licence, Medicare card or another form of secondary identification. Requirements differ from lender to lender, so some institutions might ask for more or different forms of ID.

Can you deposit money into somebody else's bank account?

One of the easiest banking tasks in the world is depositing money. You can even deposit money into someone else’s bank account if you wish.

The basic information you need to deposit money into a third-party bank account is:

  • Payee’s name
  • Bank, building society or credit union (though this isn’t necessary)
  • BSB (or bank code, which is the branch identifier)
  • Account number

Including the name of the financial institution isn’t necessary – particularly with online banking – because the BSB will identify this for you.

A handy tip is to record yourself (or add a personal message) in the transaction description or reference. This will show up on the recipients account, letting them know who’s paid them the money.

How can I find bank accounts in my name?

To find ‘live’ bank accounts in your name, you’ll have to ask individual lenders, which involves contacting them one by one and proving your identity each time. To find ‘unclaimed’ bank accounts (those that have been inactive for at least seven years), you can use this website.

Can you open a bank account at 16?

Yes, you can open a bank account at 16, or even younger. If you’re 13 or under, you will probably need a parent to accompany you to a branch.

How do you find a bank account number by name?

For privacy reasons, Australian banks won’t hand out account numbers or other details about their customers. However, if you provide a bank with a BSB and account number, they should be able to confirm if those numbers belong to one of their customers.

Can I close my bank account over the phone?

In most cases, you can close a personal or business bank account over the phone. In fact, this is the best way to ensure you’ve closed an account properly.

By speaking to a banking representative, you can capture and close out any pending transactions, or interest owing/payable on the account being closed.

In the instance where the account is a joint account, or you have multiple bank accounts you want to close, your bank may send you a form that you need to fill out and return.

Either way, you would be advised over the phone of the steps you need to take. Calling your bank ahead of closing an account is often a smart course of action.

Can I open a bank account in another country?

Despite having a bad rap for facilitating tax evasion, it is possible and legal to open a bank account in another country, also known as an ‘offshore account’.

Some people choose to open a bank account in another country to invest overseas, for higher interest-earning potential or to access foreign banking services.

The process for opening an offshore bank account differs depending on the financial institution and country in which you’re opening the account.

Typically, you will need to provide identification such as a passport, a local bank statement and a signed declaration proving the source of the money being used to open your account. Usually, deposits into offshore accounts can be made by international money transfer.

Can Centrelink access your bank account?

Yes, Centrelink can access your bank account, but only if you give them a reason to. Centrelink uses data-matching software with other federal government agencies to help it crack down on welfare cheats.

This is why it’s important to give true and matching information to all government agencies.

For example, if you report to Centrelink your annual income is $25,000, but at tax time you report your income as $50,000 with the ATO, it’s likely you’ll be ‘red flagged’.

At this point, Centrelink can legally request that your bank hand over your personal bank account details, to review your finances.

In most cases, Centrelink does not have the authority to take money out of your account. You will usually be given written notice to repay the debt.

However, Centrelink can also reduce your benefits until you’ve paid back what you owe. In extreme cases, Centrelink can garnish your wages and assets (including money in your bank account) until your debt is repaid.

How do you delete your bank account from PayPal?

Deleting your bank account from PayPal is a simple three-step process:

  • Go to your Wallet
  • Choose the account you’d like to delete
  • Click ‘Remove bank account’

How can I check my bank account balance online?

Checking your bank account balance online is a simple process. Once you’ve logged in to your online banking, clock on the relevant account and the balance should be visible.