Best Ways to Make Extra Money in Phoenix

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Phoenix is expensive! The warm climate and thriving entertainment scene make it a popular getaway, but the high cost of living takes a toll on one’s wallet. Even those with good jobs can have a hard time making ends meet. And big metropolitan areas are growing increasingly expensive for residents. If you’re down on your luck or simply want more cash, we’re here to help. This guide shows you how to make extra money in Phoenix, Arizona.

How to Make Extra Money in Phoenix

Making more money isn’t usually very hard. It’s often just a matter of working more. But that’s not right for everybody. So, this guide looks at a few different methods of earning cash to add to your bank account.

Take a Second Job

This is really the simplest method. Despite what people may say, there are lots opportunities available. That’s especially true during the holiday season. It doesn’t have to be full-time either. Entry-level, part-time positions are easy to find. And employment agencies are great at matching you with jobs that fit your skill-level. They’re also good for finding short-term work if you don’t plan on making it permanent. Take the opportunity to see if you might want a change in careers too.

Receptionists Phone Call Hotel - Rodrigo_SalomonHC / Pixabay

Phoenix Employment Resources

Find a Better Job

Why not go one step better and find a better job? Okay, so it’s not always so easy, but it’s surefire way to make more money. You might need to upgrade a few skills, but the higher paycheck is worth it. Invest in your education and make connections. Don’t let yourself get stuck working a low-paying job that you hate. You’ll enjoy greater personal wellbeing and financial security if you put in more effort initially. Hire a professional headhunter to help find a better position

What’s in Demand and Pays Well?

  • Engineers
  • Doctors and Medical Workers
  • Electricians
  • Psychiatrists
  • Business Professionals
  • Lawyers
  • Physical Scientists
  • Dentists
  • Pharmacists
  • Sales Managers
  • Computer/Tech Workers
  • Human Resources

How to Make Extra Money in Phoenix

Check out the Top 100 Best Paying Jobs in the Phoenix Area

Professional Recruiting Agencies

Do Contract Work

Working as an independent contractor is a nice alternative to finding a second job. The major benefit to contracting is its flexibility. From setting the schedule, to choosing how much to charge, you’re in control of everything. Short-term projects with temporary positions are great options for anyone with higher skills an expertise. You might even be able to make more as a full-time contractor, so test the water and see you like it.

Phoenix Contracting Opportunities

Invest Your Money

How to Make Extra Money in Phoenix

Don’t let your money just sit in your bank account. There are several investments guaranteed to give you a decent return, with little to no extra effort required. Obviously, you’ll need to have some assets for this option to work. You could try getting involved with cryptocurrency, but that’s still pretty volatile. See a few safer choices below. Or, if you’re willing to put in a little work, start an Airbnb or let a room in your house.

Wise Investments in 2021

  • High-Yield Savings Accounts
  • Rental Properties
  • Certificates of Deposit
  • Municipal Bonds
  • Cryptocurrency
  • S&P 500 Index Funds
  • Dividend Stocks
  • Nasdaq 100 Index

See more of this year’s best investments!

Selling & Reselling

People will pay for anything these days. One man’s trash is another man’s treasure, right? And we’ve all got old junk lying around. Use the opportunity to clean up and see what your old belongings will fetch on the open market. Online platforms like Facebook Marketplace, Craigslist, and eBay make it super easy to do a virtual garage sale. Reselling is especially popular these days too. Check out flea markets and discount stores, then resell items at higher prices.

Read our guide to learn more about How to Make Money Reselling!

Cut Your Spending

Piggy Bank Gold Money Finance - QuinceCreative / Pixabay

If nothing else, just cut your expenses. From old forgotten subscriptions, to staying in to eat more often, we’ve all got ways to save more money. Review your bank statement for unnecessary items and reevaluate your financial situation. Switch to buying generic medicines and store name brand foods. Clip coupons and look online for additional savings. Discount deals are everywhere! Then, you can put the money saved wherever you need it most. Smarter spending makes a huge difference.

Easy Ways to Save More

  • Buy generic and store brands
  • Negotiate with your service providers
  • Clipping coupons
  • Shop and discount stores
  • Cancel unused subscriptions
  • Bike or carpool to work

How to Make Extra Money in Phoenix – Conclusion

Phoenix isn’t likely to get any cheaper. But there are plenty of ways to boost your income and live comfortably. Some take more effort, but they offer larger returns. If you just want a bit more cash, then try investing your money. Whatever your situation, you’ve got options.

We hope our ideas help you find out how to make more money in the Phoenix area. Feel free to leave any comments below, including ideas for future posts. We love taking requests!

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