Make Money Online: Make Money From Home

The best money-making apps

stimulus checks

1. Ibotta

How it works: Ibotta lets you earn cash back on in-store and online purchases at over 2,000 supported retailers. Originally for groceries, it has expanded to include clothing, entertainment and eating out, pet supplies and other categories. Offers can be product or retailer-specific — and some will automatically be applied. For others, you’ll need to complete an additional task such as watching a video or taking a poll.

There are three possible ways to earn cash back in stores: Add offers and submit your receipt in the app after your shopping trip (you have 7 days to send in your receipt through the app), link your retailer loyalty accounts or purchase a retailer gift card through the Ibotta app. For online purchases, you shop through the app or with the Ibotta browser extension on your computer.

Payment: PayPal, digital gift card or direct to a bank account.

Pros: You’ll receive cash back on in-store purchases quickly — typically within 24 hours. Ibotta also offers a welcome bonus to new users, referral bonuses and a variety of payment methods.

Cons: Making money can be a slow process. You must have at least $20 in cash back to redeem your earnings (some gift cards require at least $25 in earnings). For online shopping, the pending period for earning cash back varies by retailer. Ibotta also charges an account maintenance fee for inactive (no activity in 6 months) or deactivated accounts. The fee is deducted from your balance, not your bank account.

Download: Android, iOS.

2. Rakuten

How it works: Rakuten (formerly known as Ebates) rewards shoppers with cash back on purchases from well-known retailers, restaurants and food delivery services. Users can also earn cash back on travel, gift cards and more. It’s straightforward: Create an account, tap on the store where you want to shop in the app, then make the transaction through the portal. You can also link a credit or debit card to your Rakuten account to earn cash back in-store — as long as you activate the deal through the app first. Rakuten credits the cash back to your account after it confirms the purchase with the retailer, which it says can take a few hours to several days.

Payment: PayPal or “Big Fat Check.”

Pros: Thousands of stores and purchases are eligible for cash back, so you’ll likely find deals where you already shop. New users can earn a $10 welcome bonus after their first qualified purchase. You can also earn sign-up and referral bonuses. You can make an impact with your cash back earnings by donating a portion to nonprofit partners.

Cons: As with most cash-back services, you have to spend money to make money. You won’t see your earnings right away, either; Rakuten sends out payments every three months on the company’s payment schedule, and you need at least a $5 cash-back balance to get paid. Unlike other apps like Ibotta, you have to remember to initiate your purchase in the app first. If you forget and make your purchase outside of the app, you can’t get credit retroactively.

Download: Android, iOS.

3. Swagbucks

How it works: Swagbucks is a cash-back and rewards app. You earn points, called “SB,” by shopping online (there are 1,500 participating retailers), taking surveys, watching videos, playing games or fulfilling other tasks through Swagbucks. You can redeem those points for gift cards or get cash back to your PayPal account. The total points awarded can vary by task. For example, surveys are typically worth about 40 to 200 SB points each. The minimum balance required to redeem depends on the payout option you choose, but some gift cards are available for as low as 110 SB.

Payment: E-gift card or PayPal. You can also redeem SB for Bitcoin through the new Cryptovoucher Gift Card options.

Pros: Swagbucks offers many easy ways to earn rewards, and there’s no waiting period to cash in. Payments usually arrive within 10 business days after redemption. You can also get a $10 bonus with a qualifying $25 purchase when you join.

Cons: It doesn’t pay much; one SB is worth about a cent. With many tasks valued at pennies, it can take a fair amount of time and effort to make substantial money. Additionally, you won’t qualify for every survey or task, although users can earn up to 5 SB per day if they disqualify. Users often report getting kicked out of surveys in the middle of taking them. This can be due to demographics or dishonest or inconsistent answers, according to Swagbucks.

Download: Android, iOS.

4. Fiverr

How it works: Fiverr is a freelancing marketplace that features gigs in over 200 categories, such as programming and video and animation. Create an account first, then you can set your profile as a “seller” highlighting your expertise. Post the gig you’re offering, which will include pricing and a description of your services. Pricing ranges from $5 to $995. Clients, known as “buyers,” can click through and place orders. You’ll get paid once you complete the job. Fiverr assigns seller levels based on performance. As you move up each tier, you’ll be able to sell more “extras,” such as a faster delivery time.

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Payment: PayPal, direct to a bank account or credit to a Fiverr Revenue Card (a prepaid card). Minimum withdrawal amounts vary, and you may be charged a withdrawal fee, depending on which option you choose.

Pros: You don’t have to worry about tracking down buyers because they come to you. You can also earn tips. Fiverr also boasts its flexibility, allowing sellers to complete gigs in their own time or around their 9-5 jobs.

Cons: Fiverr takes 20% of your earnings for every gig, including tips, and there’s a standard 14-day waiting period to withdraw money after completing an order (top-tier sellers wait seven days for funds to clear).

Download: Android, iOS.

5. Upwork

How it works: Upwork connects freelancers to gigs in writing, design, marketing and other categories on the marketplace. First, you’ll create a profile. It should include information such as the field you’re interested in plus your qualifications, availability and desired rate. Then, you can submit proposals. Clients will review them and offer projects if you seem like a good fit.

You begin each month with a set number of “Connects,” which are like credits that allow you to contact prospective clients. You can earn or pay a small sum for more Connects, but you won’t be charged when clients contact you. You can get paid on an hourly or per-project basis.

Payment: Direct to U.S. Bank, direct to your bank account, wire transfer, Instant Pay, PayPal and Payoneer. Charges apply to some payment options, so be sure to check Upwork for details.

Pros: Upwork helps take the work out of seeking out clients, establishing relationships and getting paid. The service also gives you the flexibility to set your preferred rate and schedule.

Cons: The app is free to download, but initiating contact with lots of clients costs money. Users also get charged a service fee. Upwork takes a 5% to 20% cut of your earnings based on how much you’ve billed a client. The more you earn, the more you get to keep. However, you won’t get paid until 10 days after the billing period ends. Remember, too, that you’re competing with other freelancers on the platform. That means clients may choose those who’ve set lower rates.

Download: Android, iOS.

6. OfferUp

How it works: OfferUp, which combined with competitor Letgo in 2020, functions as a local marketplace you can use to sell your stuff. If you want to reach a broader audience, OfferUp also allows shipping within the continental United States. Create an account and snap a picture of your smartphone, car, sofa or whatever it is you’re selling. Once you add a title, description and price, you can post your listing and chat with buyers directly through the app. Then, you’ll ship to or arrange a meeting with the buyer.

Payment: OfferUp recommends sellers take cash from buyers and stay clear of accepting payments by check, cashier’s check or using other apps.

Pros: Creating a listing is simple and fast, and you’ll get paid instantly when you make a cash sale. You can also view a prospective buyer’s reviews and ratings to get an idea of how trustworthy they are beforehand. If you ship your item, the buyer pays the cost, and OfferUp provides the label.

Cons: You’re responsible for meeting local buyers in person and handling transactions. Sellers must pay a 12.9% service fee, or a minimum of $1.99, for shipments. To be successful, you’ll likely need to invest in a printer so you can print the shipping labels and mail items to buyers.

Download: Android, iOS.

7. Poshmark

How it works: The Poshmark app is tailor-made for selling clothes, accessories and even home decor. After signing up, you take or upload photos of your item, fill out a description, price it and share the listing. You can also feature items in the app’s “Posh Parties,” which are virtual shopping events centered around particular brands, categories and themes. Poshmark emails you a prepaid and pre-addressed shipping label once a purchase is made. Then, you send the package via USPS.

Payment: Check or direct deposit to a bank account.

Pros: Poshmark facilitates the entire process, from selling to shipping. Plus, you don’t have to meet with strangers to make a sale. The company will cover lost packages and handle issues between you and the buyer. Getting paid is relatively quick, too; Poshmark issues the money within three days of the buyer receiving the order.

Cons: You’ll pay a fee for selling through Poshmark. The company takes a $2.95 commission for sales under $15 and a 20% commission for sales of $15 or above.

Download: Android, iOS.

These are the best-performing stocks in the S&P 500 as of September 2022.

It’s been a volatile 2022 for the stock market, including bear market dips that have certainly tested investors’ mettle. But when looking for the best stocks to buy, investors should consider long-term performance, not short-term volatility. To help with that, we’ve compiled a list of the best stocks in the S&P 500, measured by year-to-date return.

These stocks have continued to post solid gains over the past year, despite an overall falling stock market.

Best-performing stocks as of September 2022

Symbol

Company Name

Price Performance (This Yr)

OXY

Occidental Petroleum Corp.

113.45%

ENPH

Enphase Energy Inc.

55.04%

HES

Hess Corp.

54.53%

COP

Conocophillips

52.48%

MPC

Marathon Petroleum Corp.

49.99%

MRO

Marathon Oil Corp.

49.76%

XOM

Exxon Mobil Corp.

48.01%

CTRA

Coterra Energy Inc.

47.58%

CF

CF Industries Holdings Inc.

43.44%

DVN

Devon Energy Corp.

43.29%

VLO

Valero Energy Corp.

43.24%

MCK

McKesson Corp.

39.58%

APA

APA Corporation

38.01%

NLSN

Nielsen Holdings plc

35.74%

MOS

The Mosaic Company

33.67%

EOG

EOG Resources Inc.

33.23%

CVX

Chevron Corp.

31.99%

CAH

Cardinal Health Inc.

30.65%

VRTX

Vertex Pharmaceuticals Inc.

30.39%

NOC

Northrop Grumman Corp.

28.26%

SLB

Schlumberger Ltd.

27.65%

ADM

Archer-Daniels-Midland Co.

27.34%

CTVA

Corteva Inc.

26.40%

HII

Huntington Ingalls Industries Inc.

26.11%

PXD

Pioneer Natural Resources Co.

24.62%

This data is current as of Sept. 23, 2022, and is intended for informational purposes only, not for trading purposes. 

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Make Money Sell Your Car Online

Selling your car online is a great way to get a competitive price for your vehicle without leaving your home.

Selling your car online — to buyers such as Vroom, CarvanaCarMax or a dozen other rivals that have sprung up — has emerged as a viable option for drivers interested in selling their car outright or valuing it as a trade-in.

With an internet connection and a few details about your vehicle, you could be fielding offers within minutes. Many online car-buying sites will even come to your home to pick up the car and hand you a check on the spot.

How to get offers online to sell your car

  • Enter the car’s 17-digit vehicle identification number or license plate number. Confirm the make, model, mileage, color and operating condition.

  • Answer detailed questions about the car’s condition and history. Has it been in an accident or flood? Does it have aftermarket modifications? Does it have scratches or dents?

  • Decide whether you are trading or simply selling. Most online car buyers also sell cars directly to consumers and say their trade-in price does not differ from their purchase price.

  • Disclose current loans or leases. Many, but not all, online car buying companies will buy a vehicle that you are still making payments on, and some will buy out a lease if the manufacturer allows it. Use an auto lease buyout calculator to see if the offer is fair. But if you owe more than the offer you receive, you must provide funds to make up the difference.

  • Provide photos of the vehicle or have a virtual meeting with a company representative. Some buyers may not ask for this step until you have accepted an initial offer.

    COVID-19: Loan Apply

    Capital Good Fund

    Capital Good Fund is offering a Crisis Relief Loan to consumers in the six states where it operates: Delaware, Florida, Illinois, Massachusetts, Rhode Island and Texas. These small-dollar loans have a low annual percentage rate and deferred payments for the first three months.

    Loan amount: $300 to $1,500.

    APR: 5% for all approved borrowers.

    Term: 15 months, with payments starting after the first three months. Payments can be deferred further if the COVID-19 crisis continues beyond that. Interest will accrue during the 90-day deferment period, says CEO Andy Posner.

    The lender prioritizes banking history in its underwriting process. Instead of using a borrower’s current income and expenses, Posner says Capital Good Fund will try to understand if an applicant can afford the loan on current income, and if not, the lender will consider whether the applicant could have afforded the loan before the crisis.

    The loans have no application, closing or prepayment fees and require no collateral. Borrowers can expect a decision two days after submitting an application, and Posner says applications for the Crisis Relief Loan will be prioritized over other applications.

    Salary Finance

    Salary Finance provides loans through employers and partners with Equifax to give companies insight into employees’ financial health. The partnership was in the works before the COVID-19 crisis began, says Salary Finance CEO Dan Macklin, and its offering isn’t contingent on the pandemic’s influence on the economy.

    Through the partnership, employers get a view of anonymized worker credit information, Macklin says. Companies can use the data for free to spot which groups are experiencing the most financial stress and address it.

    Salary Finance is typically offered through human resource departments as a benefit for employees, Macklin says. Payments made on Salary Finance loans are reported to all three credit bureaus.

    Loan amount: $1,000 to $5,000, up to 20% of an employee’s salary.

    APR: 5.9% to 19.9%.

    Term: 6 to 36 months.

    Other borrowing options

    Credit unions: These not-for-profit institutions offer some of the most consumer-friendly loans. A credit union loan often comes with a lower APR and more flexible terms than one from a bank or online lender.

    Fair- and bad-credit borrowers (629 or lower FICO) may have a better chance of getting approval from a credit union because the underwriting processes tend to involve more than credit information.

    Some credit unions also offer payday alternative loans, which are safer than high-interest, short-term payday loans. These loans have a maximum APR of 28%.

    Online lenders: Online lenders can be a fast option for emergency loans. You’ll likely need good credit and a steady income to qualify in today’s climate. If you’re not sure whether you would qualify or what rate you’d get, you can pre-qualify for an online loan with NerdWallet. Pre-qualifying does not impact your credit score.

    If you’re concerned about making payments

    Some lenders are offering help, like deferred payments and waived late fees, for consumers facing hardship. If you need help but don’t see your lender listed here, check other options for financial assistance.

    » MORE: Here’s how deferment works

    Best Egg

    Best Egg encourages borrowers to log in to their account to see what options may be available.

    Customers may be able to choose from payment deferrals, adjusted payments or a debt management program that can reduce monthly payments across all debts, according to a company spokesperson.

    Discover

    Discover previously made a one-month deferral available. A spokesperson confirmed that the program has since ended, and the company encourages borrowers to call for help with the loan instead.

    Customers who need assistance for more than one month can call 866-248-1255 or use the company’s mobile app to reach a Discover agent.

    HSBC

    If you’re struggling to pay an HSBC personal loan, you can request a hardship plan by calling 800-524-9686. The company has different hardship programs for its products and doesn’t specify what modifications are available for personal loan borrowers. A spokesman didn’t respond to several requests for clarification.

    LendingClub

    LendingClub is still allowing borrowers affected by COVID-19 to defer payments and pay only interest during deferral, according to a spokeswoman.

    The lender posts updates to its information page and has a line set up for hardship inquiries: 877-644-4446. The company says it takes up to 10 days to process hardship applications.

    In May, LendingClub launched a resource for existing personal loan customers called Member Center, according to a news release. In addition to payment options that help borrowers get back to their regular payment schedule, the Member Center has a tool called Credit Profile that helps customers manage their money and improve their credit. It gives members a full view of their financial lives, including information like their debt-to-income ratio, credit utilization and credit score.

    A company spokeswoman says the tool will remain available to customers after the COVID-19 crisis dissipates.

    LightStream

    LightStream may allow customers affected by the pandemic or other natural disasters to defer loan payments. Email customerservice@lightstream.com to receive a phone number that will connect you with someone who can discuss your hardship. You can’t defer a payment if you’re within two days of a scheduled automatic payment.

    Deferments are reported to credit bureaus as a deferment affected by a natural disaster and won’t negatively affect your credit score, the company says. These payments are tacked on to the end of your loan, and interest will accrue while payments are deferred.

    Borrowers can log in and visit the Account Services page to request a deferment, or email customerservice@lightstream.com with questions.

    OneMain

    OneMain will work with borrowers struggling to make payments. The lender’s borrower assistance program, which was part of the loan before the pandemic hit, can help borrowers receive deferred or reduced monthly payments, according to a spokesperson.

    Oportun

    Oportun can offer customers reduced and deferred payments. The company says it won’t report skipped payments as late to the credit bureaus if you make arrangements beforehand. Customers can reach the company via email at customercare@oportun.com or at 650-419-5779.

    OppLoans

    OppLoans is offering 30 days of missed payments with “no questions asked,” for those who have been affected by COVID-19, says CEO Jared Kaplan. After that, customers can apply for a 90-day hardship program that will cut their payments in half. He says those accommodations won’t negatively affect credit scores.

    PenFed

    PenFed is offering to let eligible borrowers skip a payment. To see if you’re eligible, log into your account and select “Financial Assistance for Members Affected by COVID-19.”

    PenFed also has a hardship center, where customers can apply for a temporary hardship program (less than six months) or a permanent hardship program (more than six months).

    PNC

    PNC says it may offer postponed or reduced payments to loan customers who are just now experiencing a hardship or whose hardship plans are about to expire. For most customers, the company says it can confirm eligibility for assistance immediately. To apply, visit PNC’s coronavirus hub page and click “Apply for Consumer Loan Hardship Assistance.”

    Customers must enroll in online banking to access the online hardship request form.

    Possible Finance

    Possible Finance has a forbearance plan that will allow customers to push payments out. The lender hasn’t released much information on the plan since it published a blog post in March, but customers can still reach customer service via its general request form.

    Upstart

    Upstart has loan modification options available to some customers affected by COVID-19, including an extended loan term or forbearance, according to an Upstart spokesperson. Previously, customers could defer up to two months of payments without interest or penalties.

    Contact Upstart by emailing servicing@upstart.com.

    Wells Fargo

    Wells Fargo will defer monthly payments for three consecutive billing cycles for eligible personal loan customers. Those who have already received assistance can still apply for more. Log in to your online account to see your options.

    To reach a Wells Fargo customer service representative, call 877-269-6056.

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