How To Gain Extra Funds During Retirement

Nowadays, too many adults of the relevant age are entering retirement without enough in savings to sustain their retired living. Thankfully, there are many jobs that allow you to enjoy working whilst retired without wearing yourself down in the meantime.  If you are really in a financial pickle then small loans can be there to help with any financial emergencies that may occur but if you are struggling with ways to gain extra funds for everyday life, then don’t worry because we have created our top 5 tips to help you gain those extra funds.

#1 Turn Your Passion Into Part-Time Work

You have worked hard all your life, so enjoy your retirement years by turning your passion or hobby into a way to earn money. You could try brand new hobbies, or pick up something you used to do but lost touch with – either way; they may lead you to a new part-time career. As you are working through your retirement period of living, taking up a part-time job instead of full-time can give you spare time too. This way, you will have more time to enjoy life and take up new hobbies.

#2 Set Up A Bed and Breakfast

If you enjoy hosting guests, then why not set up a bed and breakfast in your house? People are always looking for lovely B&B’s to stay in, especially if you live in a city or close to points of interest, so make yours the one they choose. The start-up costs are often modest and it is a good way of earning money. If you like to meet and embrace new people into your home, then this could be the choice for you.

#3 Write A Book

Write a book on your know-how and personal experiences! People enjoy reading stories that are relatable and with plenty of experiences to write about, there’s no better way to utilise your newfound free time. It has a minimal cost and your book can be published in less than 5 minutes nowadays using Kindle. Get creative and share your knowledge. If writing is what you really enjoy then you could even become a freelance writer or start a blog so you can get paid for writing your own or writing for others.

#4 Tuition Service

Become a tutor for students of all ages and help them with their work by advertising at your local schools and library so you can tutor locally. Becoming a tutor involves no start-up costs and can be home-based if you don’t want to spend travel costs. If you really enjoy teaching then you could teach a skill such as gardening or painting at your house or local community centre. If you would rather teach in a school, you could become a temporary teacher for primary or secondary level.

#5 Dog/House-Sitter

If you love dogs and enjoy their company, then becoming a dog sitter could be your new dream job. Whether letting them stay at your house or travelling to where the dog lives, there are constantly people looking for reliable dog sitters and in some cases, you can house sit at the same time. You can charge your own rates and work your own hours so it is a relatively flexible job. The dogs will only require 1-2 walks a day so it is a relaxing job that can also keep you fit and help you explore new places whilst enjoying the nature around you.

There really are a variety of jobs you can do to earn more money during retirement. These are our top 5, but there are loads more ideas out there waiting for you to find them! Choose a job you will enjoy and still make time to take it easy.