🤑 How to Make $500 a Month in the UK (2024)

How to Make $500 a Month in the UK?

10 seconds ago ~ Making an extra $500 a month can give your finances a nice boost. Whether you want to pay off debt, build savings, or have extra spending money, earning an additional $500 per month is a realistic goal for many people in the UK.

In this blog post, we’ll explore some of the best ways to make $500+ per month in addition to your regular 9-to-5 job. With a bit of effort and consistency, you can achieve this goal and improve your overall financial situation.

Intro: Why Make An Extra $500 Per Month?

Having an extra $500 per month can make a big difference. Here are some of the key benefits:

  • Pay off debt faster – Whether it’s credit card debt, student loans or other obligations, an extra $500 can really speed up the debt repayment process. This frees up more money in the long run.
  • Save more – For things like holidays, home repairs, retirement or unexpected expenses. $500 per month can quickly build your savings.
  • Earn passive income – Some of the ideas below allow you to earn passive income that can continue providing money every month with minimal ongoing effort.
  • Improve quality of life – Having that extra cash allows you to dine out more, take mini-breaks, enjoy hobbies and reduce money stress in general.

10 Ways to Earn $500+ Per Month in the UK

Here are 10 practical ways to earn $500 or more per month from home in addition to your regular job.

1. Online Surveys

Taking online surveys in your spare time is an easy way to earn £100-£200 per month. Companies are willing to pay for your opinions. Sign up on sites like:

  • Swagbucks – Earn points by taking surveys and redeem for cash.
  • Survey Junkie – Take surveys and earn cash via PayPal.
  • YouGov – Share your opinion in surveys and polls, earn points redeemable for cash.

2. Freelance Writing

Offering freelance writing services can easily net you $500+ per month if you put in consistent effort. Sign up on sites like Contena, Flexjobs and Upwork to find writing gigs that pay $50-200+ per article. Build up your portfolio and client base.

3. Sell Handmade Crafts on Etsy

Have a knack for crafting or making handmade items? Selling them on Etsy is a great option. Jewelry, candles, soaps, clothing and more can net $500+ monthly. Great for creative entrepreneurs.

4. Rent Out a Spare Room

If you have a spare bedroom, renting it out on sites like Spareroom can bring in $500-600+ per month. Vet potential housemates carefully. Draw up a proper lodger agreement.

5. Become a Virtual Assistant

Many businesses need help with administrative tasks, scheduling, data entry etc. Offer your services on sites like Upwork or directly to companies as a virtual assistant. $500 per month is very doable.

6. Tutor Online

If you’re knowledgeable in academic subjects, languages, music etc. tutoring students online can be lucrative. Sites like Tutor.com and TutorVista connect you with students needing tutoring help for $20-50 per hour.

7. Invest in Dividend Stocks

Investing a lump sum in stocks that pay high dividends can generate $500+ passive income per month. Do thorough research before investing. Reinvest dividends to compound earnings.

8. Affiliate Marketing

By promoting products on your website or social channels and earning commission on sales you refer. Popular affiliate programs include Amazon, eBay and niche companies. Turn your influence into income.

9. Start a YouTube Channel

Building an audience on YouTube can lead to passive income from ads, sponsorships, etc. Make entertaining videos, gain subscribers/views, then monetize once your channel grows. Potential for huge upside.

10. Rent Your Car or Parking Space

List your car or parking space on sites like Turo, GetAround or JustPark to earn $200-500+ per month. Great for city dwellers open to sharing their car or spot.

Conclusion about Make $500 a Month in the UK

Achieving an extra $500+ per month is very doable with a bit of consistent effort using the ideas above. Find 1-2 income streams that fit your interests and personality. Then devote time each week to making it happen. The financial rewards will follow.

Some options like surveys and freelancing provide quick cash, while others like affiliate marketing and YouTube take more time to build. But they have huge upside potential down the road.

With extra earnings, you can pay off debt, increase savings, enjoy more of life or anything else you prioritize. The key is taking action. Choose a path that excites you and pursue it diligently. $500 per month is within your reach!

Frequently Asked Questions

What are the easiest ways to earn $500 per month in the UK?

The easiest options are taking online surveys, renting out a spare room, doing freelance writing gigs and selling handmade items online. These require minimal upfront effort to get started.

How long does it take to make $500 per month?

It depends on the option. Surveys, renting a spare room or freelancing can generate income immediately. Options like affiliate marketing, stocks and YouTube take more time to build an audience and progress. Consistency is key.

How much time do I need to dedicate to make $500 per month?

Expect to put in 10-15 hours per week minimum if you want to make $500+ consistently each month. You get out what you put in. Making money takes work, dedication and hustle.

What skills do I need to have?

No advanced skills are needed for surveys, renting or freelancing. For stocks, writing, YouTube or tutoring you should have knowledge in those areas. Creativity and computer skills help too.

Is any initial investment needed?

For most options, no major investment is required, especially surveys, renting, freelancing and crafts. Affiliate marketing or stocks will need a small initial investment.

What are the tax implications?

You will need to pay income tax on most earnings, except those under the rent-a-room scheme allowance of £7,500 per year. Be sure to track expenses so you can reduce taxable income.

How can I ensure consistent monthly earnings?

Set firm monthly goals, dedicate set hours, track progress, and leverage tools like PayPal, spreadsheets etc. to manage multiple income streams. Consistency takes discipline but pays off.

Can I automate or outsource parts of the work?

Yes, you can outsource tasks that don’t require your specific expertise, like data entry or administrative tasks on freelance platforms. Automating pieces that make sense can also optimize your time.

What are the biggest mistakes to avoid?

Not dedicating consistent time every week, managing your money poorly, getting discouraged by setbacks, or choosing options that don’t fit your personality and skills. Stay organized, focused and persistent.

How do I scale up earnings after hitting $500 per month?

Once you have traction in one or two areas, reinvest profits to grow and expand your efforts. Consider hiring help or collaborating if an idea starts taking off. Leverage your learnings to boost income.

🤑 How to Make $500 a Month in the UK (2024)

FAQs

How to earn an extra 500 a month in the UK? ›

Side hustles to make £500 extra a month
  1. Table of contents. Top lucrative side hustles for an additional £500 monthly income. ...
  2. Freelance writing. Freelance writing can be a highly profitable side hustle. ...
  3. Virtual Assistant. ...
  4. Proofread content. ...
  5. Tutoring. ...
  6. Web design. ...
  7. Blogging. ...
  8. Market research.
Mar 7, 2024

How can I make $500 a month? ›

10 Ways To Make Extra Money: Earn $500 Per Month!
  1. Become a Pinterest virtual assistant (VA) ...
  2. Sell Printables. ...
  3. Start a dog bakery. ...
  4. Sell online courses. ...
  5. Dabble in dropshipping or print on demand. ...
  6. Rent out your space. ...
  7. Start a blog. ...
  8. Build a Fiverr account.
Mar 3, 2024

What can 500 buy in the UK? ›

£500 is a significant amount of money for an average person in the UK. It could cover a month's rent, a few weeks of groceries, or a few months of bills. However, it is not enough to cover a large purchase such as a car or a holiday.

How to make $1,000 a week in UK? ›

How to make £1000 in a week UK ?
  1. Be a Tutor: If you're good at a certain subject, offer your services as a tutor. ...
  2. Start your own Blog: ...
  3. Offer Freelance Services: ...
  4. Affiliate Marketing: ...
  5. Open a Consultancy Agency: ...
  6. Become a Copywriter:
Mar 23, 2024

How to earn $200 a week UK? ›

How Can You Earn £200 in a Week From Home?
  1. Virtual Assistant. If you'd be down to start a part-time job, search for remote gigs on websites like Prograd. ...
  2. Virtual Garage Sale. ...
  3. Freelance Work. ...
  4. Online Surveys and Market Research. ...
  5. Online Tutoring. ...
  6. Share Your Skills on Social Media. ...
  7. Data Entry.
Dec 12, 2023

How to earn $10,000 a month? ›

In this guide, we'll share the 10 best ways to make $10,000 per month, including:
  1. Sell Private Label Rights (PLR) products 📝
  2. Start a dropshipping online business 📦
  3. Start a blog and leverage ad income 💻
  4. Freelance your skills 🎨
  5. Fulfillment By Amazon (FBA) 📚
  6. Flip vintage apparel, furniture, and decor 🛋
Feb 23, 2024

How to realistically make $1,000 a month? ›

Fortunately, there are plenty of realistic and achievable ways to make an extra $1000 per month without sacrificing your current job.
  1. Freelancing. ...
  2. 2.1 Online Tutoring. ...
  3. 2.2 Writing and Editing. ...
  4. 2.3 Graphic Designing. ...
  5. Ridesharing. ...
  6. 3.1 Uber. ...
  7. 3.2 Lyft. ...
  8. 3.3 DoorDash.
Nov 11, 2023

What skill makes the most money? ›

Below you can find a list of 15 high-demand, high-income skills to learn, in no particular order:
  1. Artificial intelligence (AI) ...
  2. Cloud computing. ...
  3. Data science. ...
  4. Machine learning. ...
  5. Blockchain technology. ...
  6. Cybersecurity. ...
  7. Digital marketing. ...
  8. Robotics.
Mar 12, 2024

What is the lowest money in UK? ›

British currency: all about money in the UK

There are 100 pence (p) to the pound (£). UK banknotes come in denominations of £5, £10, £20 and £50. Coins come in 1p, 2p, 5p, 10p, 20p, 50p, £1 and £2.

How much is rent in the UK per month? ›

The average rent in the UK is now £1,223 per month after 7.2% growth in the last year. The highest average rent in the UK is in London (£2,121) while the North East has the lowest monthly rent (£695).

Is the UK expensive to live in? ›

Cost of living in the UK compared to the US

The cost of living in both countries is relatively high when compared to some other countries. The US is currently ranked 27th and the UK ranked 28th on the cost of living global index.

How to earn $100 a day UK? ›

Affiliate marketing is a really good way to make money, and if you already have a blog or a large social media following, then you can make £100 in a day from it if you know what you are doing. Wealthy Affiliate is a well known and reputable blogging platform for would be affiliate marketers.

How to make easy money in the UK? ›

How to make money from home fast?
  1. Provide technology and online services such as social media manager or chat support for websites.
  2. Complete paid online surveys to earn money.
  3. Set up an online shop.
  4. Monetise creative talents such as flower arranging, baking and sewing.
  5. Offer online tutoring.

How much does the average British person earn a week? ›

The average wage in terms of total pay is £629 per week or £32,708 per annum. Total pay includes bonuses. As of June 2023, the average wage in the UK for regular pay has steadily increased, and it is currently £613 per week or £31,876 per annum.

How to make a second income in the UK? ›

In this guide
  1. Make your money work harder. Make your credit card pay you. ...
  2. Flog what you've got. Flog on eBay for max cash. ...
  3. Rent it out for cash. Take a lodger & earn £7,500 tax-free. ...
  4. Reclaim, reclaim, reclaim. Switched energy? ...
  5. Get paid for your opinion.
  6. Make money from home. Earn cash online. ...
  7. Work, work, work. ...
  8. A tip on tax.
4 days ago

How can I make an extra $1 500 a month? ›

Here are two sites that pay well per hour:
  1. Prolific. Earn: $15-$20 per hour. ...
  2. Respondent. Earn: $50-$250 per study. ...
  3. Deliver Food Orders. Earn: $1,500+ per month. ...
  4. Rent Out Your Car. Earn: $1,500+ per month. ...
  5. Complete Tasks on TaskRabbit. Earn: $1,500+ per month. ...
  6. Rent Out Extra Rooms. ...
  7. Rent Out Parking Spots. ...
  8. Resell Books Online.
Dec 24, 2023

How to earn a passive income in the UK? ›

Nine ways to earn passive income
  1. Get a high interest savings account.
  2. Rent out your space for thousands a year.
  3. Teach an online course.
  4. Earn cashback as you shop.
  5. Get a rewarding bank account.
  6. Turn your garden into an allotment.
  7. Invest in the stock market.
  8. Sell your photos.
Apr 3, 2024

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