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Use cash-back apps
If you enjoy shopping, visiting restaurants or going to the movies, you’ll be ecstatic to discover that you can also earn money while spending some. With the help of apps such as Ibotta, you can upload the receipts of your purchases or spendings and rebates will be added to your account.
Other apps, like Field Agent and Gigwalk, help you make around $3 to $12 for every task you are asked to do, like checking prices in a store or taking photos of items for sale.
You can also try cash-back shopping apps such as Ebates, Mr. Rebates and Dollar Dig through which you can earn money for buying the things you were going to buy anyway. Instead of starting your shopping trip by going directly to a retailer, start at the cash-back site.
Brief description of how cash-back site works: You click on a store link and the cash-back site receives a finder’s fee that it shares with you. Rebates range from 1 percent to over 20 percent, depending on the retailer. You can purchase almost everything you want from airline tickets to gifts, pet products, apparel, contact lenses, furniture, electronics, shoes, cosmetics, home improvement products and even DNA testing.
Bonus tip: Don’t fall victim to impulse shopping. As with any other kind of shopping, if you don’t need an item, then don’t buy it, no matter how attractive the rebate is.
RELATED: 12 Deal And Coupon Sites That’ll Save You A Fortune
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Join rewards programs
If you’re looking for another way to earn passive income, here’s an interesting approach: rewards programs. Similar to cash-in sites, there are rewards sites such as Swagbucks who give you rewards for making purchases through their platform. You can also earn points for activities such as searching the internet, watching short videos and taking surveys.
Taking surveys during your golden years might not seem too appealing but you’re going to search the internet anyway, so why not do it from the Swagbucks’ site and earn some points while you’re at it?
Both Swagbucks and MyPoints, another rewards site, allow you to cash in your points for gift cards. These are considered “income,” whether you use them to pay for daily essentials like drugstore purchases or clothing, or to increase your holiday shopping budget. You also can use spend your points at retailers like Amazon and Walmart or use PayPal to turn points into cash.
Swagbucks also gives you a bonus for bringing new members in. More than that, you’ll earn a percentage of any points that these members earn for the rest of your life.
Bonus tip: Another way to turn points into cash is by cashing in points for gift cards and then sell them at face value. You can also unload them at gift-card resellers like Cardpool.
