If you are offered a relatively low mortgage rate, locking it in can secure it and potentially save you a bundle of money over the life of your loan. In other words, it can be a smart move.
That said, when applying for a mortgage, you only have so much control over the mortgage rate, as lenders will consider your credit score, income, and assets to determine your risk as a borrower. What’s more, mortgage rates change daily based on external economic factors like investment activity and inflation.
Read on to learn how a mortgage rate lock works and the benefits and downsides of using this option.
What Is a Mortgage Rate Lock?
A mortgage rate lock is an agreement between a borrower and lender to secure an interest rate on a mortgage for a set period of time. Locking in your mortgage rate safeguards you from market fluctuations while the lender underwrites and processes your loan.
Interest rates can rise and fall significantly between mortgage preapproval and closing on a property.
Remember that in the home-buying process, when you’re pre-approved for a mortgage, you will know exactly how much you most likely can borrow, and then you can shop for a home in that range.
So when can you lock in a mortgage rate? Depending on the lender, you may have the option to lock in the rate any time between preapproval and when underwriting begins.
Before preapproval and locking in, it’s recommended to get multiple offers when shopping for a mortgage to find a competitive rate. 💡 Quick Tip: Want the comforts of home and to feel comfortable with your home loan? SoFi has a simple online application and a team dedicated to closing your loan on time. No surprise SoFi has been named a Top Online Lender in 2024 by LendingTree/Newsweek.
How a Mortgage Rate Lock Works
Mortgage rate locks are more complicated than simply securing a set rate in perpetuity. How the rate lock works in practice will vary among lenders, loan terms, different types of mortgages, and geographic locations.
Once you lock a mortgage rate, there are three possible scenarios: Interest rates will increase, decrease, or stay the same. The ideal outcome is securing a lower rate than the prevailing market interest rate at the time of closing.
Here are some key points to know if you are considering a rate lock:
• Rate locks are sometimes free but often cost between 0.25% and 0.50% of the loan amount.
• When you choose to lock in your rate, it’s stabilized for a set period of time — usually for 30 to 60 days, but up to 120 days may be available.
• If the rate lock expires before closing on the property, the ability to extend is subject to the lender.
• Time it right. The average mortgage took 44 days to close as of February 2024, according to ICE Mortgage Technology, underscoring the importance of timing a mortgage rate lock with your expected closing date. Otherwise, you could face fees for extending the rate lock or have to settle for a new, potentially higher rate.
• Whether borrowers are charged for a rate lock depends on the lender. It could be baked into the cost of the offer or tacked on as a flat fee or percentage of the loan amount. The longer the lock period, the higher the fees, generally speaking.
• Lenders have the discretion to void the rate lock and change your rate based on your personal financial situation. Say you take out a new line of credit to cover an emergency expense during the mortgage underwriting process. This could affect your credit and debt-to-income ratio, causing the lender to reevaluate your eligibility for the offered rate and financing.
• Lenders also determine the mortgage rate based on the types of houses a borrower is looking at: A primary residence vs. a vacation home or investment property, for example, would influence the interest rate.
Recommended: A Guide to Buying a Duplex
Consequences of Not Locking in Your Mortgage Rate
There are risks to not locking in a mortgage rate before closing.
If you don’t lock in a rate, it can change at any time. An uptick in interest rates would translate to a higher monthly mortgage payment. Granted, a slight bump to your monthly payment may not lead to mortgage relief, but it could cost thousands over time.
Example: The monthly payment on a $300,000 loan at a 30-year fixed rate would go up by $88 if the interest rate increased from 4% to 4.5%. This would add up to an extra $31,611 in interest paid over the life of the loan.
You can use a mortgage calculator tool to see how much a rise in rates could affect your mortgage payment.
Furthermore, a higher monthly payment might potentially disqualify you from financing, depending on the impact on your debt-to-income ratio. After a jump in interest rates, borrowers may need to make a larger down payment or buy mortgage points upfront to obtain financing.
Even if you lock in a mortgage rate early on, you could face these consequences if it expires before closing. Deciding when to lock in a mortgage rate should account for any potential contingencies that could delay the process. If you’re unsure, ask your lender for guidance on when you should lock in. 💡 Quick Tip: Generally, the lower your debt-to-income ratio, the better loan terms you’ll be offered. One way to improve your ratio is to increase your income (hello, side hustle!). Another way is to consolidate your debt and lower your monthly debt payments.
What to Do if Interest Rates Fall After Your Rate Lock
The main concern with mortgage rate locks is that you could miss out on a lower rate. In most cases, buyers will pay the rate they are locked in at if the prevailing interest rate is less.
A float-down option, however, protects you from rate increases while letting you switch to the lower interest rate at closing.
• Float-down policies vary by lender but generally cost more than a conventional rate lock for the added flexibility and assurance.
• It’s also possible that a float-down option won’t be triggered unless a certain threshold is met for the drop in rates.
• It’s worth noting that borrowers aren’t committed to the mortgage lender until closing, so reapplying elsewhere is an option if rates change considerably.
Pros and Cons of Mortgage Rate Lock
Back to the big question: Should I lock my mortgage rate today? It’s important to weigh the pros and cons to decide when to lock in a mortgage rate.
Pros
Cons
Locking in a rate you can afford can lessen money stress during the closing process
A rate lock might prevent you from getting a better deal if rates fall later on
You could save money on interest if you lock in before rates go up
If a rate lock expires, you may have to pay for an extension or get stuck with a potentially higher rate
Lenders may offer a short-term rate lock for free, providing a window to close the deal if rates spike but an opportunity to wait it out if they drop
Rate locks can involve a fee of 0.25% to 0.50% of the loan amount.
The Takeaway
A favorable interest rate can make a difference in your home-buying budget. If you’re considering a rate lock because you’re concerned that rates will be rising, it’s important to choose a lock period that gives the lender ample time to process the loan to avoid extra fees or a potentially higher rate.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% – 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It’s online, with access to one-on-one help.
SoFi Mortgages: simple, smart, and so affordable.
FAQ
How long does a rate lock period last?
Rate locks usually last 30 to 60 days but can be shorter or longer depending on the agreement. It’s not uncommon for lenders to offer a free rate lock for a designated time frame.
Should you use a mortgage rate “float-down”?
If you’re worried about missing out on low interest rates, a mortgage rate float-down option could let you secure the current rate with the option to take a lower one if rates drop. Take note that these agreements usually outline a specified period and minimum amount the rate must drop to activate the float-down.
How much does a rate lock cost?
Lenders don’t always charge for a rate lock. If they do, you can expect costs to range from 0.25% to 0.50% of the loan amount for a lock period (usually 30 to 60 days). A longer lock period or adding a float-down option typically increases the rate lock cost.
What happens if my rate lock expires?
If your rate lock expires before you’ve finalized the deal, you can choose to extend the lock period (usually for a fee) or take the prevailing rate when you close on the loan.
Photo credit: iStock/Vertigo3d
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
SoFi Loan Products SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
SoFi Mortgages Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility for more information.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice.
Do you want to learn how to move out at 18 with no credit, little money, or even no money? Here’s what you need to know. There are many reasons for why you may want to move out at a young age – perhaps you have a difficult home life, you want to move somewhere…
Do you want to learn how to move out at 18 with no credit, little money, or even no money? Here’s what you need to know.
There are many reasons for why you may want to move out at a young age – perhaps you have a difficult home life, you want to move somewhere new, or you just want your own space.
I moved out shortly after turning 18 (about a week or so after my 18th birthday) into a rental home, and while I was not prepared at all, I do think being prepared to move out at a young age is extremely helpful. I made many mistakes that led to many, many tears, money wasted, stress, and more.
Today, I want to help you avoid as many problems as you can.
After all, moving out at 18 years old (or any other young age) is already really hard, and there is such a huge learning curve.
Moving out when you turn 18 is a big step into becoming an adult. Even though it can be exciting, moving out for the first time needs to be planned carefully. Before you leave, it’s important to make a plan to make sure you can afford it and stay on your own.
This means finding a job, making a budget you can stick to, and saving money for unexpected costs.
How To Move Out at 18
Below are ways to move out at 18.
Recommended reading: Buying a House at 20 (How I did it)
Make a plan to move out at 18
I highly recommend having a plan if you want to move out at 18 years old.
Moving out at 18 is a big step, and making a plan will help everything go a little more smoothly.
You will want to think about things such as:
Where you will work
How you will pay your bills
If you will live with a roommate or on your own
What your budget will be like
What you’ll do if things get tough, such as if you can’t afford your rent
What you will do for health insurance and medical bills
And so much more.
I will be going further in-depth on many of these below.
Find ways to make money
If you are 18 and want to move out, then you will need to have a stable source of income, of course. There are many options for earning money, from traditional jobs to more flexible side hustles.
A full-time job typically gives you more hours and benefits like health insurance, which are helpful when you’re living on your own. If you have other things going on, a part-time job might be better because it offers more flexibility while still giving you money (but, you may not earn as much money). You can find job openings online, at job fairs, or on community bulletin boards. Jobs like delivering food can be either full-time or part-time, and companies tend to need people.
If you want to make more money, you can side hustle to make extra income – a way to make extra cash that you do alongside your main job. You could freelance by doing things like writing, teaching tutoring lessons, or designing graphics. Or, you could babysit for families nearby, walk dogs, or help people with tasks or errands. These little jobs can add up to a lot of money and give you the flexibility to work when you want.
When I was young and first moved out, I worked full-time at a retail store. I also eventually started a few side hustles (like blogging, freelance writing, and selling stuff online) so that I could pay off my student loans quickly. Living on your own is not easy, especially when you are young and your income is not that high – so side hustles may be needed so that you can make enough money to pay your bills.
Some helpful articles to read include:
Create a budget
When you’re ready to step out into the world at 18, you need a budget. I can’t think of any young adult who would not need a budget.
Budgets are great because they help you keep track of your money coming in and going out. With a monthly budget, you’ll know exactly how much you can spend on different things each month as it helps you see how much money you have and where you might need to cut back on spending.
A budget will help you to figure out if you can afford to live on your own, if you need to have roommates, or if you need to find a cheaper living arrangement.
Making a budget is easy. First, write down how much money you make each month from your job or other places. Then, write down what you need to spend money on each month, like:
monthly rent
food
phone bill
internet
car
fuel
utilities like electrical, water, trash, sewer, gas/propane
car insurance
medical/health
pet care
restaurants
cable, satellite, or any TV monthly subscriptions
household essential items, like toilet paper, trash bags, etc.
and some money for fun stuff too
Knowing your monthly expenses will help you to better manage your money so that you won’t go into credit card debt.
Recommended reading: The Complete Budgeting Guide: How To Create A Budget That Works
Save for the move (and open a bank account)
When you’re getting ready to move out at 18, saving money is obviously very important. If you can help it, I do not recommend moving out with no money saved.
Think about all the costs you’ll face – like rent, your first security deposit, food, and any unexpected things that pop up. You’ll want to tuck away money for this.
How much should you save to move out? A good rule is to save at least three to six months of living expenses. For example, if you spend $1,500 a month, aim to save between $4,500 and $9,000 before you head out on your own.
This will be your emergency fund. An emergency fund is money you save up for unexpected things that might happen. This could be paying bills if you lose your job or if your hours or pay get reduced. It could also cover unexpected expenses like a car repair, medical bill, or fixing a broken window.
An emergency isn’t something like buying a birthday present, a new TV, or going on vacation.
Having an emergency fund is smart because it can stop you from getting into debt you don’t need. Some people rely on their credit cards for emergencies, but that’s not a good plan.
I also recommend getting your own bank account for all of the money you save. It’s a safe place for your money, and it helps you track what you earn and spend. Plus, you’ll need it for things like direct deposit from jobs or paying bills online.
I personally use Marcus by Goldman Sachs for my savings account as they have a very high rate. You can get up to 5.50% at the time of this writing through a referral link bonus. According to this high-yield savings account calculator, if you have $10,000 saved, you could earn $550 with a high-yield savings account in a year. Whereas with normal banks, your earnings would only be $46.
Improve your credit score and history
When you’re moving out of your parents’ home, having a good credit score is super helpful. This is because your credit score and credit history may be used for things like getting approved for an apartment and getting signed up for utility bills.
If your credit score is low, then you may be denied an apartment and even have to pay large deposits to get signed up for utilities (like water and electric).
Here are some important things to know:
Understand credit utilization – This is all about how much credit you’re using compared to how much you have. Try to use less than 30% of your credit limit. Say your card has a $1,000 limit. Aim to spend no more than $300.
Always pay on time – You should pay every bill on time, every time. Even being a little late can hurt your credit score a LOT!
There are other ways to improve your credit, such as by getting a secured credit card or becoming an authorized user on a family member’s credit card.
Here are two really helpful articles I recommend reading:
I also recommend keeping an eye on your credit by checking your score and report. Sites offer free checks, and it’s good to know where you stand. That way, you can fix any mistakes fast.
Think about where you’ll live
When planning to move out at 18, picking where you’ll live is a huge step.
Here are some things to think about:
Think about who you’ll live with. Living by yourself can be expensive so sharing rent and other bills with roommates can save you money, but make sure you choose your roommates wisely. You’ll be sharing your space with them, so it’s important to pick people who are responsible and trustworthy (and will actually pay the bills!).
Try using online tools to compare different areas. You can check things like crime rates, public transportation options, and how close they are to places you need, like grocery stores.
Think about the cost. Can you pay the rent and utility bills every month? Make sure to include these costs in your budget. Sometimes, living a bit farther from popular areas can be cheaper.
For my first home, I rented a very small 400-square-foot home with no real bedroom. But, it was within my budget and next to my college (I lived a few miles away), and surprisingly affordable.
Talk to your parents
When you’re getting ready to move out at 18, it’s important to have a conversation with your parents. This might feel hard or even impossible, but remember that clear communication is important.
I recommend choosing a time to tell them when your parents aren’t too busy or stressed as having this conversation when everyone is relaxed can make it easier for everyone to talk openly.
I think it is also helpful to think about how your parents might feel. If you’re the first to leave the home, they might find it tough. Try to understand their perspective and mention that you’ll stay in touch and visit.
And, be ready to show them your plan. Your parents will want to know you’ve thought things through. If you’ve been saving money, let them know. Talk about your job and how you’re managing to support yourself. It’s good to tell them about the place you’re planning to move into and how you chose it.
How to move out of your parents if it isn’t safe
So, after reading the above, I know that some of you may not have a good home life. You may not feel safe telling your parents that you are moving out.
If that’s the case, then I recommend reading this section.
Sometimes, home isn’t the safe place that it’s supposed to be. If you’re in a tough situation and need to leave at 18 but can’t talk to your parents about it, you’re not alone.
Here’s what you can do:
Find an adult you trust – Look for someone you trust, like a teacher, counselor, or family friend. They can maybe give you support and help you figure out your options.
Plan ahead – Start thinking about where you’ll go and how you’ll support yourself. Look into shelters, transitional housing programs, or staying with a trusted friend or relative.
Know your rights – As you turn 18, you have rights. Learn about your options for housing, education, and employment because there may be resources available to help you.
Stay safe – If you’re in danger at home, prioritize your safety. Contact local authorities or organizations that can help you leave safely.
Take care of yourself – Moving out can be tough, but remember to take care of yourself emotionally and physically, such as by talking to friends, finding support groups, or talking to a counselor if you need to.
Leaving home at 18 without being able to talk to your parents is hard, but it’s not impossible. Reach out for help, make a plan, and remember that you deserve to live in a safe and supportive environment.
Get free stuff for your new home
One of the big challenges of moving out on your own is affording all of the different things that you need.
Luckily, there are ways to get things for free or really cheap.
Some of the top ways include:
Facebook Buy Nothing groups – This is my favorite place to start if you want to get things for free. These groups promote recycling and reusing items instead of throwing them away when you’re done with them. To begin, look for and join a local Buy Nothing group on Facebook. You can search for groups for your city. People list their free stuff all the time, such as furniture, electronics, clothes, and more. You can even make a post asking if anyone has something that you need.
Ask family and friends – Your family and friends might have extra stuff they’re willing to part with. They might even be happy to see it go to a good home – your new home!
Check online platforms – Websites like Craigslist, Freecycle, and Facebook Marketplace can be goldmines for free furniture. People often list items they want to get rid of quickly.
Visit thrift stores and yard sales – Thrift stores and yard sales sometimes offer “free bins” or low-cost items they want to get rid of fast.
Attend college move-out days – If you live near a university, go there on move-out day. Students tend to leave behind perfectly good furniture that’s yours for the taking.
Community centers and churches – These places often have bulletin boards with listings for free items.
Always be safe when arranging pickups, especially with strangers. Always bring a friend or let someone know where you’re going.
Helpful articles:
Handling utilities and bills
Dealing with utilities and bills is a big step in moving out. Utilities are services you need like water, electricity, gas, and the internet.
Before you move, call or visit the websites of local utility companies. You’ll need to set up accounts in your name. This might include a deposit fee, so be ready for that.
I recommend making a list of all your expected bills. Rent, electricity, water, internet, and maybe gas are usually the basics. Add them up to see how much you’ll spend each month.
After you move in, you will want to find out when each bill is due. It’s your job to pay them on time as paying late can lead to extra fees or even getting your services turned off. Some companies let you set up automatic payments, and this means the money comes out of your bank account on its own each month. This can make sure you’re always on time.
You will want to hold onto your bills and receipts. This way, if there’s ever a mistake with a bill, your records will help fix it.
You can save money by being smart about using your services. Turn off lights when you leave a room and unplug electronics that you’re not using. You might also shop around for better deals on services like the internet.
After you get your first set of bills, you will understand why your parents wanted to keep the air conditioning off or why they always asked you to turn the lights off – things can be expensive!
Also, remember that different times of the year will impact your bills. For example, your electric bill will most likely be a lot more expensive in the summer than it will be in the spring or fall.
Maintain your home (housekeeping)
Moving out at 18 means taking on the responsibility of housekeeping. You might be surprised how quickly your new home can become cluttered and get dirty.
Keeping your home nice starts with regular cleaning, and I recommend setting aside some time each day for tasks like washing dishes, making your bed, and tidying up the living area. This way, messes won’t pile up and become overwhelming.
Then, once a week, dedicate your time to deeper cleaning such as vacuuming, mopping floors, cleaning the bathroom, dusting, and doing laundry.
Housekeeping also requires tools and supplies, so you will want to plan your budget to include items like sponges, cleaners, and trash bags.
Make friends in your new community
Moving out at 18 is a big step, and making friends in your new community is important. It can make your new place feel like home. When you move, you might not know many people, but there are fun and simple ways to meet people.
Here are some tips:
Get to know your neighbors – Start with a smile and say hi to your neighbors.
Join local groups or classes – Look for groups that interest you. Love to paint? Find an art class. Enjoy cooking? Maybe there’s a cooking group nearby. Like rock climbing? Go to the local climbing gym. This way, you meet people who like what you like.
Visit community centers – Many towns have a community center. They have activities like sports, games, and events.
Making friends might take time, but it’s totally possible! Just be yourself and be open to talking to new people.
Balancing work and personal life
I’m guessing you will have a lot going on, between trying to work full-time and enjoying your life, and even possibly furthering your education.
I recommend trying to schedule your time so you don’t get too busy. Use a calendar or app to make sure you’ve got time for work, taking care of your place, and doing fun things too.
It’s okay to say no if you’re too busy. If you’re working a full-time job, you might not be able to hang out with your friends all the time. It’s all about finding a healthy balance between earning money and enjoying life. I had to say no to my friends many times because I was simply too busy. If your friends still live at home, it may be hard for them to understand this unless you explain your situation.
Plus, remember to take breaks. When you’re planning your week, set aside some time just for relaxing. Watching a movie, reading, or hanging out in the park are all great ways to unwind and give your mind a break.
Frequently Asked Questions
Below are common questions about how to move out at 18 years old with little money.
How can I move out fast at 18?
To move out quickly, focus on making a steady income and finding affordable housing. Create a budget to manage your expenses and look for immediate job openings or housing options. Saving as much money as you can right now is also super helpful.
How much money should I have saved by 18 to move out?
Aim to save at least 3 to 6 months of living expenses before moving out. This safety net can cover rent, groceries, and unexpected costs, giving you financial stability as you start on your own.
Can you move out at 18 while still in high school?
Yes, you can move out at 18 while in high school, but make sure you have a support system in place. Balancing school responsibilities with living independently can be very hard.
How to move out at 18 with strict parents?
When moving out at 18 with strict parents, communicate your plans clearly and respectfully. Prepare a well-thought-out plan to show them you’re serious and capable of managing your own life.
Can your parents not let you move out at 18?
When you turn 18, you’re legally an adult in most places, and you can decide to move out even if your parents don’t agree. However, it’s important to respect their opinion and explain your reasons. There are some places where you have to be older, so make sure you do your research.
Do I have to tell my parents I’m moving out?
While you’re not legally required to inform your parents in most places, it’s nice to talk about your decision with them, as transparent communication helps maintain a positive relationship after you leave.
Can I move out at 18 without parental consent?
Yes, in most places, at 18 you’re legally permitted to move out without parental consent. You will want to make sure this applies to your local area.
What things do you need when moving out of your parents’ house?
There are many things that you will need to move out of your parents’ house such as a bed, blanket, pillow, kitchen supplies, towels, a place to eat, a dresser, cleaning supplies, groceries, and more.
Is it realistic to move out at 18?
It is realistic to move out at 18 if you have a reliable income, a budget, and a plan for handling responsibilities. You will want to be as prepared as possible to move out at a young age because there will be many hurdles thrown your way, most likely.
How To Move Out At 18 – Summary
I hope you enjoyed this article on how to move out at 18 years old.
It’s really important to have a plan for a successful move when you are just 18 years old.
You’ll need to find ways to earn money regularly, like getting a job and even doing extra work on the side.
Having savings in the bank and an emergency fund will help you handle unexpected expenses without ruining your plans.
There are also many other things to think about, such as the cost of living, utility bills, your credit score, and more.
I moved out when I was just 18 years old, so I completely understand where you are coming from. I had no financial help from my parents and found and did everything on my own – from making money to finding a place to live, making all of my own meals, and more. It was hard, but it was what needed to be done.
Do you plan on moving out soon? Do you have any questions for me on how to move out at 18?
Today, I have a fun guest post from my friend Cody Berman. Cody is a digital nomad who quit his corporate job to pursue entrepreneurship full-time. He started selling digital products in 2018 and became hooked after earning $700+ in one week. He now helps other entrepreneurs and creators monetize their businesses through digital products….
Today, I have a fun guest post from my friend Cody Berman. Cody is a digital nomad who quit his corporate job to pursue entrepreneurship full-time. He started selling digital products in 2018 and became hooked after earning $700+ in one week. He now helps other entrepreneurs and creators monetize their businesses through digital products. He’s been featured here on Making Sense of Cents before and you can find that article here – How I Make Money Selling Printables On Etsy.
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I used to be a chronic side hustler. At one point I had 20+ income streams. Sounds great, right? Except it wasn’t.
I was all over the place, trying every side hustle imaginable – delivering UberEats, editing podcasts, building websites, selling discs, running affiliate campaigns, writing articles, buffing boats, you name it. But most of the time, I felt like I was stuck trading my time for money.
Do you want to make money selling printables online? This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.
Don’t get me wrong, the money was great for some of these side hustles, but if I didn’t work I didn’t get paid. At one point, I made $500 for writing a single blog article! But once the article was delivered and the invoice was paid, I had to hunt for my next gig and turn in the work to make my next dollar.
At one point, I co-founded a disc golf manufacturing business. I thought that this business was going to be my golden ticket. For those who don’t know, disc golf is similar to ball golf, except instead of hitting a ball into a hole with a club, you are throwing a plastic “disc” into a basket. Our company manufactured those discs.
We started scaling pretty quickly and within two years we were selling our products in all 50 states and 20+ countries. On paper, everything looked amazing. But behind the scenes, we constantly had product issues, shipping delays, mismanaged inventory, and everything that else could possibly go wrong with a physical product business.
I was feeling tired and burnt out and looking for something new.
Fast forward to early 2019 and my friend Julie, another side hustler, told me that she had been selling printables on Etsy. She had spent about 60 hours creating a bunch of digital products (a.k.a. printables) and had made over $5,000 so far. The words “so far” were the ones that got me hooked.
Unlike my my physical products business where each unit had to be manufactured, quality tested, packaged, and shipped, these “digital products” sounded different. By the way Julie was describing it, I could create a digital product once and keep making money from it without much additional effort. This sounded ten times better than all of the side hustles I had tried (and way more passive).
The only problem was that I didn’t really have any clue what a “printable” was… and I had never even been on Etsy. And at this point, you might be thinking the same thing.
What exactly are printables? Basically, they’re digital files that customers can download and print at home. Think cards, planners, calendars, games, gift tags – the possibilities are endless!
The best part? Once you’ve created a printable, you can sell it an unlimited number of times without ever having to worry about restocking inventory or shipping costs.
Now back to my story. Even though I didn’t really know how to create printables, or what printables to sell, or anything about graphic design for that matter, I decided to give it a shot. If Julie could do it, I could do it, right?
Wrong.
My first ~20 printables were absolutely terrible, but I listed them on Etsy anyway. You’ll never guess what happened next. I got a whopping… zero sales.
OK, maybe you did guess that.
Between my zero graphic design skills, lack of product research, and unfamiliarity with the Etsy platform, I definitely wasn’t setting any sales records.
But after some trial and error – well, a lot of trial and error – I managed to come up with some pretty decent-looking printables. I focused on creating seasonal products, a strategy I often recommend to beginners. And let me tell you, it paid off big time.
In December and January, I created dozens of Valentine’s Day printables since I had heard that it was one of the biggest holidays on Etsy. Some of my designs included Valentine’s cards, love coupons, editable love notes, custom photo cards, and more.
And finally, after months of crickets, it seemed like the algorithm was working in my favor, with tons of people searching for Valentine’s gifts and cards for their loved ones. The real excitement started on February 9th, just five days before the big holiday.
I remember that week vividly because while all this was happening, I was actually skiing in Lake Tahoe. And on February 9th, when I checked my phone in the ski lodge at lunch, I had made over $100… that day.
The entire week continued to be extremely profitable and I ended the week with $718 in sales from just a handful of products that took me a couple of hours to create. It was the first time I experienced true passive income. The only part that wasn’t passive was answering the occasional customer question, which took less than five minutes per day from my phone.
That experience was a game-changer for me. It was the moment I realized the true potential of selling digital products on Etsy. And I owe a big thank you to Julie, who introduced me to this side hustle and helped me see that I could create products that continued to make money long after I’d created them.
Let me be clear – building a successful Etsy shop isn’t a get-rich-quick scheme. There’s work involved in getting your shop up and running, from creating high-quality designs to optimizing your listings and promoting your products. But trust me when I say that the effort is worth it.
Once your Etsy shop is up and running, it can become a passive income machine. Your printables can sell for years and years after you list them. That next Valentine’s Day, I was in Aruba for a wedding event, and the same exact designs that earned me $718 in Lake Tahoe, earned me hundreds again that next year.
These Valentine’s Day printables have been sitting in my Etsy shop for years at this point, and they continue to make sales every single year. Compared to selling physical products, delivering UberEats on a bike, editing podcasts, or writing blog posts, this side hustle is so much more passive.
If you want to learn more, I recommend signing up for the Free Training Workshop: Earn Money Selling Printables. This free workshop will teach you how to get started selling printables. You will learn different ideas for printables to sell, how to get started on Etsy, and how to actually make sales.
Are you interested in selling printables online? What questions do you have?
Do you want to make money selling printables online? This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.
Recommended reading: Gold City Ventures Review: E-Printables Course Review
It’s entirely possible to sell a house with a mortgage. In fact, it’s common to sell a property that still has a mortgage, because most people don’t stay in a home long enough to pay off the home loan.
With the help of your lender and real estate agent, you can move ahead and sell a house with a mortgage. Yes, there’s a bit of paperwork involved, but settling your mortgage at the closing table shouldn’t prove too challenging.
Here’s everything you need to know about selling a home with a mortgage.
What Happens to Your Mortgage When You Sell Your Home?
When you sell your home, the amount you contracted with the buyer is put toward your mortgage and settlement costs before any excess funds are wired to you. Here’s how it works for different transaction types.
A Typical Sale
In a typical sale, homeowners will put their current home on the market before buying another one. Assuming the homeowners have more value in their home than what is owed on their mortgage, they can take the proceeds from the sale of the home and apply that money to the purchase of a new home.
A Short Sale
A short sale is one when you cannot sell the home for what you owe on the mortgage and need to ask the lender to cover the difference (or short).
In a short sale transaction, the mortgage lender and servicer must accept the buyer’s offer before an escrow account can be opened for the sale of the property. This type of mortgage relief transaction can be lengthy (up to 120 days) and involves a lot of paperwork. It’s not common in areas where values are falling or at times when the real estate market is dropping.
When You Buy Another House
There are several roads you can take when you buy another house before selling your own. You may have the option of:
• Holding two mortgages. If your lender approves you for a new mortgage without selling your current home, you may be able to use this option when shopping for a mortgage. However, you won’t be able to use funds from the sale of your current home for the purchase of your next home.
• Including a home sale contingency in your real estate contract. The home sale contingency states that the purchase of the new home depends upon the sale of the old home. In other words, the contract is not binding unless you find a buyer to purchase the old home. The two transactions are often tied together. When the sale of the old home closes, it can immediately fund the down payment and closing costs of the new home (depending on how much there is, of course). Keep in mind that a home sale contingency can make your offer less competitive in a hot real estate market where sellers are not willing to wait around for a buyer’s home to sell.
• Getting a bridge loan. A bridge loan is a short-term loan used to fund the costs of obtaining a new home before selling the old home. The interest rates are usually pretty high, but most homebuyers don’t plan to hold the loan for long.
💡 Quick Tip: You deserve a more zen mortgage. Look for a mortgage lender who’s dedicated to closing your loan on time.
Selling a House With a Mortgage: Step by Step
Here are the steps to take to sell a home that still has a mortgage.
Get a Payoff Quote
To determine exactly how much of the mortgage you still owe, you’ll need a payoff quote from your mortgage servicer. This is not the same thing as the balance shown on your last mortgage statement. The payoff amount will include any interest still owed until the day your loan is paid off, as well as any fees you may owe.
The payoff quote will have an expiration date. If the outstanding mortgage balance is paid off before that date, the amount on the payoff quote is valid. If it is paid after, sellers will need to obtain a new payoff quote.
Determine Your Home Equity
Equity is the difference between what your property is worth and what you owe on your mortgage (your payoff quote is most accurate). If your home is worth $400,000 and your payoff amount on the existing mortgage is $250,000, your equity is $150,000.
When you sell your home, you gain access to this equity. Your mortgage, any second mortgage like a home equity loan, and closing costs are settled, and then you are wired the excess amount to use how you like. Many homeowners opt to use part or all of the money as a down payment on their next home.
Secure a Real Estate Agent
A real estate agent can walk you through the process of selling a home with a mortgage and clear up questions on other mortgage basics. Your agent will be particularly valuable if you need to buy a new home before selling your current home.
Set a Price
With your agent, you will look at factors that affect property value, such as comparable sales in your area, to help you set a price. There are different price strategies you can review with your agent to bring in more buyers to bid on your home.
Accept a Bid and Open Escrow
After an open house and showings, you may have an offer (or a handful). Consider what you value in accepting an offer. Do you want a fast close? The highest price? A buyer who is flexible with your moving date? A buyer with mortgage preapproval?
You may also choose to continue negotiating with prospective buyers. Once you’ve selected a buyer and have signed the contract, it’s time to go into escrow.
Review Your Settlement Statement
You’ll be in escrow until the day your transaction closes. An escrow or title agent is the intermediary between you and the buyer until the deal is done. While the loan is being processed, title reports are prepared, inspections are held, and other details to close the deal are being worked out.
Three days before, you’ll see a closing disclosure (if you’re buying a house at the same time) and a settlement statement. The settlement statement outlines fees and charges of the real estate transaction and pinpoints how much money you’ll net by selling your home. 💡 Quick Tip: Generally, the lower your debt-to-income ratio, the better loan terms you’ll be offered. One way to improve your ratio is to increase your income (hello, side hustle!). Another way is to consolidate your debt and lower your monthly debt payments.
Selling a House With a Negative Equity
Negative equity means that the value of an asset (such as a home) is less than the balance due on the loan against it. Say you purchased a property for $400,000 with a $380,000 loan, but then the real estate market took a nosedive. Your property is now worth $350,000, less than the amount of the mortgage.
If you have negative equity in the home and need to sell it, it is possible to sell if you come up with the difference yourself.
In this scenario (an alternative to a short sale), you pay the difference between the amount left on your mortgage note and the purchase offer at closing. So in the example above, if you sold the house for $350,000, at the closing, you would need to pay the loan holder an additional $30,000 to clear the debt.
The Takeaway
Selling a house with a mortgage is common. The buyer pays the sales price, and that money is used to pay off your remaining mortgage, your closing costs, and any second mortgage. The rest is your profit.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% – 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It’s online, with access to one-on-one help.
SoFi Mortgages: simple, smart, and so affordable.
FAQ
Who is responsible for the mortgage on the house during the sale?
The homeowner is responsible for continuing to pay the mortgage until paperwork is signed on closing day.
What happens if you sell a house with a HELOC?
When you sell a home that has a home equity line of credit with a balance, a home equity loan, or any other kind of lien against the house, that will need to be paid off before the remaining equity is paid out to you.
What happens to escrow money when you sell your house?
Your mortgage escrow account will be closed, and any money left will be refunded to you.
Can I make a profit on a house I still owe on?
Yes. You can make a profit if the amount you sell your house for is greater than the amount you owe on it, less closing and settlement costs.
Can I have two mortgages at once?
Yes, you can have two mortgages at once if the lender approves it.
Photo credit: iStock/Beton studio
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
SoFi Loan Products SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
SoFi Mortgages Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility for more information.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
Are you a little obsessed with planning your next big trip? We hear you! The excitement of seeing new places — whether that means a faraway tropical island or a neighboring state — is a powerful lure. But there’s one thing that may get in the way: Money.
Let’s be real, travel can be expensive. Even if you’re hopping in the car for a short weekend road trip, the cost of gas, food, entertainment, accommodations, and more can get a bit overwhelming. Fortunately, with a little bit of planning, you can make your travel dreams a reality. And it can all begin by creating a travel fund.
What Is a Travel Fund?
A travel fund is exactly what it sounds like — a fund exclusively used for gallivanting around the world. It’s a place to stash some cash that you don’t use for rent, bills, repaying student loans, or any other monthly financial obligations. This fund is just for your passion in life. And your passion is clearly traveling.
How to Fund Traveling
Unfortunately, a travel savings account will not grow by magic. If only! You’ll need to find ways to funnel some cash towards your travel plans. There are a variety of ways to do this. Perhaps you got a raise recently (nice!) and can put that amount directly towards travel. Or, maybe you can automatically whisk $25 or $50 per paycheck into your savings. Or, you might give up concert tickets or takeout food for a while to allow some wiggle room in your budget that goes towards paying for your next getaway. There are many options — some of which we’ll explore below.
Recommended: 15 Easy Ways to Save Money
Setting Up a Dedicated Travel Savings Account
There are a few options for where to keep your travel fund. Yes, you could keep your vacation fund in the same account as your day-to-day savings, but separating the fund could provide even more clarity.
Keeping your travel fund in a separate account can make it easy to see how close you are to reaching your travel goal. It allows you to see exactly how much money you’ve saved for the cause with ease. Having the money in a separate account also allows you to set up automatic contributions, just as you might already be doing with your other accounts.
Automating your savings towards travel means you can eliminate another task from your to-do list. You’ll be making progress toward your dream of cruising down the Nile without even having to think about it. And since it’s stashed separately, you don’t need to worry that you’ll use it on, say, entertainment or new shoes without realizing it.
Tips on Selecting an Account to Use
When it comes to setting up a dedicated travel fund, the first order of business is usually to pick an account type. There are a variety of options to choose from. Part of what will likely influence your decision is how long you plan on saving. If you want to take a trip in just a few months, a savings account may be a good vehicle. You can easily contribute to it, and you’ll earn some interest.
To help your travel fund grow faster, you may want to go with a high yield savings account. These accounts typically pay a much higher annual percentage yield (APY) than traditional savings accounts, giving you the ability to earn more on your money while still enjoying the security of a federally insured account. These days, many high-yield savings accounts offer APYs of up to 5% or more — many times more than the average national rate of 0.46%.
Some of these accounts may come with certain restrictions, like a limited number of withdrawals a month or maintaining a minimum balance, so be sure to read the fine print on each account you might be considering.
Another is a certificate of deposit (CD), which locks up your money for a particular term, typically from six months to a few years. This type of account can sometimes offer a more competitive interest rate than a traditional savings account but comes with withdrawal restrictions. If you choose to withdraw the money before the term ends, you’ll likely have to pay a penalty or fee.
Yet another option is to use a cash management account with a brokerage firm. These accounts are meant as an option for your uninvested money. They can also be great for putting away some extra money to save, but again — do read the fine print. Fees may be involved, plus commissions if a broker steps in to help you with your investments. Make sure that these won’t cut into your savings.
All of these options will allow you to keep your vacation fund separate from your checking account, emergency savings, or regular savings account. You may even be able to give it a unique name like “travel fund” or even more specific like “Tahiti fund.” It’s much more exciting to watch “dream trip to Bali fund” grow than just “account: 3283052.”
Growing Your Travel Fund
After you’ve created your unique travel fund, it’s time to put in some savings work. And that begins with your budget. If you already have a budget, that’s great. All you need to do is add in “travel fund” as a new line item and shift as much money as you feel comfortable moving to this new account each month.
But, if you’re starting from scratch, that’s OK too. Trying to save for the trip of a lifetime is just as good an excuse as any to start budgeting.
To build a budget, you’ll want to start by figuring out your average monthly take-home income (what you earn after taxes are taken out). Next, it’s good to create a list of all your monthly expenses. You’ll want to include all the basics like rent or mortgage, car payments, student loans, credit card statements, food, gas, insurance, gym memberships, streaming accounts, and any money you currently put towards saving and investing. Make sure to get as granular as possible about your spending.
Next, subtract your average monthly expenses from your average monthly income to see how much you have leftover. If it’s more than $0, that’s excellent news! You can put the excess towards your travel fund. If not, you’ll need to find some places to cut back on spending.
Recommended: How to Make a Budget in 5 Steps
Finding Extra Cash for Your Travel Account
If you’d like that leftover number in your budget to be higher, maybe it’s time to take a look at both your spending and your current income level. Perhaps you can see where changes can be made.
One of the potentially easiest ways to create more cash for your travel fund is to look deeply at your monthly spending. Are you still subscribing to that streaming service you never (or rarely) watch? Are you signed up for the premium version of that social media platform you haven’t been on in months?
What about that gym membership? How’s that going for you? Go ahead and get rid of things that aren’t bringing you joy or are dispensable. Then, refocus those funds in your travel fund.
If there’s no room for cuts, then it might be time to increase your income. Of course, you could always ask for a raise at work, but if that doesn’t come through, explore some other options — like a side hustle. A side hustle is a gig you take on outside your normal work to make some extra money. If you can, pick something you really enjoy doing so it feels less like “work.” For example, if you love dogs but aren’t ready to own one, maybe walking dogs before work would be fun for you.
If you are a handy person who likes to fix things, creating a listing on a site like Thumbtack or TaskRabbit may be a good idea. If you have other talents like photography, writing, or graphic design, you might do some networking to see if you can drum up some freelance work. That way, you can get paid for what you love to do and save for what you love too.
Recommended: How Families Can Afford to Travel on Vacation
SoFi: Your Partner in Creating a Travel Fund
By now, you’ve committed to adjusting your budget and setting aside cash in a new fund. The only thing left to do is find the best place to stash your cash.
When choosing where to put your travel fund, you’ll want to find an account that pays a competitive yield, keeps your money safe, and allows you to easily access your funds when it’s time to set off for your next adventure.
SoFi Travel has teamed up with Expedia to bring even more to your one-stop finance app, helping you book reservations — for flights, hotels, car rentals, and more — all in one place. SoFi Members also have exclusive access to premium savings, with 10% or more off on select hotels. Plus, earn unlimited 3%** cash back rewards when you book with your SoFi Unlimited 2% Credit Card through SoFi Travel.
Wherever you’re going, get there with SoFi Travel.
FAQ
How much should I keep in my travel fund?
To come up with a travel savings goal, you’ll want to determine how much you’ll need for your trip and when you want to take it. From there, you can determine how much you’ll need to transfer into your travel fund each month to reach your goal. For example, if your trip will cost $2,500 and you plan to travel in six months, you’ll need to set aside around $33 a month.
How do I set up a travel fund?
Setting up a travel fund can take only a matter of minutes. It can be as easy as opening a savings account online and then directing money towards it. You can also go into a brick-and-mortar bank to set up an account.
How can I save money on a travel fund?
To save money on a travel fund, look for a savings account that doesn’t charge monthly fees and offers a competitive interest rate. These two factors will help boost your savings and get you on your dream vacation as quickly as possible.
**Terms, and conditions apply: The SoFi Travel Portal is operated by Expedia. To learn more about Expedia, click https://www.expediagroup.com/home/default.aspx.
When you use your SoFi Credit Card to make a purchase on the SoFi Travel Portal, you will earn a number of SoFi Member Rewards points equal to 3% of the total amount you spend on the SoFi Travel Portal. Members can save up to 10% or more on eligible bookings.
Eligibility:
You must be a SoFi registered user. You must agree to SoFi’s privacy consent agreement. You must book the travel on SoFi’s Travel Portal reached directly through a link on the SoFi website or mobile application. Travel booked directly on Expedia’s website or app, or any other site operated or powered by Expedia is not eligible. You must pay using your SoFi Credit Card.
SoFi Member Rewards: All terms applicable to the use of SoFi Member Rewards apply. To learn more please see: https://www.sofi.com/rewards/ and Terms applicable to Member Rewards.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.
Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.
Inside: Learn how to land lucrative paid house sitting gigs. From crafting a standout application to negotiating pay, our guide covers everything you need for success as a house and pet sitter. Get your first housesitting job now.
For those seeking a unique way to trim their living expenses and swell their savings account—or perhaps even add a fresh stream of income—the fascinating world of house sitting beckons.
Imagine the possibilities of a life where you not only dodge the relentless outpour of cash for rent but also have the potential to get paid for simply residing in and caring for someone else’s home. House sitting has forged a pathway for individuals from all walks of life to dramatically cut their cost of living while introducing opportunities for financial gain, tailored to a lifestyle that champions both mobility and flexibility.
This is something I cannot wait to start doing myself as an early retiree!
In the era of remote work and digital nomadism, the housesitting lifestyle dovetails perfectly with the capacity to earn money from anywhere.
Rather than a stint of In a world where the cost of living is perpetually rising, this is a simple solution. Plus it is an increasingly popular reality for savvy individuals looking to slash their living expenses and enhance their income streams.
Now, let’s dig into how to get paid to house sit.
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
The Basics of House Sitting for Income
House sitting for income can be a practical way to earn extra money by caring for someone’s home while they’re away.
A house sitter can earn money by taking on paid assignments to care for someone’s home, which often includes responsibilities like watering plants, feeding pets, and maintaining the property’s general upkeep.
Additionally, house sitters may supplement their income by engaging in flexible online work or other jobs that allow them to take advantage of the rent-free living situation provided by house sitting opportunities.
This is a simple way to make money.
Is House Sitting the Right Gig for You?
This will vary from person to person.
Typically, if you have a love for adventure and live a simplistic life, this could be the perfect side hustle for you.
You can make money while not paying to travel the world and not pay rent. Plus you can work another side hustle or full time job at the same time.
What if you could use your housesitting gig to see the world?
Can you picture yourself waking up to a sunrise over the Tuscan hills, or enjoying a peaceful afternoon in a cozy cottage in the Cotswolds, all without the cost of accommodation eating into your budget?
This fantasy can be your reality through a unique travel approach: house sitting while exploring the globe.
House sitting opens doors to experiences far beyond those of a typical tourist. When stepping into the life of a local, you not only enjoy the comforts of a home but also immerse yourself in the local culture, customs, and way of life—something you can’t put a price tag on.
Yes, please. Sign me up!
House Sit Match
A trusted network for house sitters, pet sitters, house owners, and pet owners.
Our dedicated Free live-in house sitters ensure pets stay safe and happy at home, granting owners peace of mind while they travel.
Check It Out
How do I become a house sitter?
Becoming a professional house sitter starts with the right mindset and preparation. To embark on this exciting venture, follow a systematic approach to gain trust, experience, and create opportunities that could lead to paid gigs.
Here’s a quick guide to set you on your path:
Self-Assessment: Evaluate if the lifestyle suits you. Comfort with travel, adaptability, and responsibility are key.
Research: Learn about the expectations and requirements of the job by engaging with existing house sitters or homeowners.
References: Start with house sitting for friends or family to garner initial references and practical experience.
Online Presence: Sign up for reputable house sitting websites and create a compelling profile that highlights your unique offering.
Reviews: Ask for reviews on each of your housesitting gigs to build up your portfolio.
Stay Booked: If you are consistently booked, then repeat homeowners will reach out sooner to book your services.
By taking these steps, you’re well on your way to securing your first gig as a house sitter and potentially turning it into a rewarding path to see the world.
Setting Yourself up for Success to House Sit
Gain Experience and Build Credibility
Embarking on a journey in house sitting may feel like a daunting task at first, especially when experience seems like a prerequisite to getting started. Yet, remember every expert was once a beginner.
Follow these tips to gain experience and build a rock-solid credibility:
Volunteer: Offer to house sit for friends, family, or colleagues to gather firsthand experience and positive testimonials.
Document Everything: Keep a record of your sits, including photos and detailed notes, to showcase your experience to future clients.
Ask for Reviews: After each sit, ask the homeowner for a review that you can use on housesitting platforms or your personal website.
Improve Continuously: Each house sit is a learning experience. Take feedback seriously and work to enhance your service.
Join a Community: Engage with other house sitters online or in person to exchange tips, seek advice, and stay motivated.
Remember, each home cared for and each pet pampered brings you one step closer to becoming a seasoned and sought-after house sitter.
Creating an Impressive House Sitting Profile
First impressions count tremendously, and in the world of house sitting, your profile is your digital handshake.
A stellar profile not only introduces you to potential clients, but it also demonstrates your professionalism and suitability for house sitting opportunities.
Include clear information about your past house-sitting jobs, mentioning the names of the homeowners (with their permission), specific locations, and the range of responsibilities you held during each assignment.
Emphasize specific house-sitting skills that you excel in, such as high-level cleaning capabilities or exceptional resourcefulness in unexpected situations.
Highlight any certifications that enhance your qualifications for house-sitting, particularly those that resonate with pet owners, like pet CPR or first-aid certifications.
If you have experience in managing household emergencies, stress situations, or particular types of pets, ensure this is prominently noted.
House sitting as a full-time lifestyle
Whether you’re a digital nomad, in between jobs or studies, retired, or simply looking for a break from the norm, long stay house sitting could be for you.
Make money and travel the world. Sounds like a good deal, right?
Get Started
Finding Opportunities for Paid House Sitting
Utilize Specialized House Sitting Directories
Exploring specialized housesitting directories can be your gateway to a myriad of housesitting opportunities. Here’s how you can make these directories work for you:
TrustedHousesitters: Get connected with homeowners across the globe and enjoy perks like a 24/7 vet advice line and insurance guarantees.
House Sitters America: An affordable platform offering a user-friendly interface and a variety of features for people seeking house sitting jobs across the U.S., with an annual fee of just $30.
House Sit Match: Offers an international platform where members can create personal profiles with videos, search and apply for a variety of house sitting services across different countries, and secure arrangements with legally approved contracts.
MindMyHouse: Access a global database where you can apply to house sits and finalize details with secure forms provided on the site.
HouseCarers: Navigate assignments with ease and get alerts for opportunities that match your preferences.
Luxury House Sitting: The opportunity to stay in exquisite homes and care for pets while exploring local culture and making new friends, all for a nominal yearly membership fee.
Build a robust profile on these directories, illustrating your experience, skills, and even why homeowners should trust you with their precious homes and pets.
House Sit Match
A trusted network for house sitters, pet sitters, house owners, and pet owners.
Our dedicated Free live-in house sitters ensure pets stay safe and happy at home, granting owners peace of mind while they travel.
Check It Out
Leverage Social Media and Networking
Social media and networking are vital cogs in the wheel of modern housesitting success. Make sure to have a solid strategy in place to enhance your visibility and connect you with the right opportunities.
Create a Professional Image: Establish a dedicated Facebook page or Instagram profile showcasing your housesitting adventures and testimonials.
Networking Events: Join home and pet owner meetups to discuss your services and share stories.
Engage with Communities: Participate in forums and groups related to house sitting, pets, and travel to position yourself as a knowledgeable and reliable sitter.
Word of Mouth: Encourage clients to share your services digitally—from a simple share of your profile to tagging you in a post about their great experience.
Collaborations: Team up with pet-related or travel influencers for your mutual benefit. They spread the word about your services, and you provide content and insights for their platforms.
Remember to be genuine and helpful online. Consistency and kindness tend to yield more benefits than aggressive self-promotion.
The Art of Landing Lucrative House Sitting Gigs
Crafting Your Pitch: Stand Out in Your Application
When it comes to landing that house sitting gig, the application you submit is your golden ticket. Crafting a pitch-perfect application can set you apart from the crowd. Here’s how you can ensure your application shines:
Tailor Your Message: Show you’ve read the listing by referencing specifics—like the pet’s names and unique home features.
Highlight Relevant Skills: If they have a garden that needs tending, mention your green thumb. Got experience with exotic pets? That’s worth noting, too.
Strike a Balance: Be professional yet personable. Show your personality and expertise, but keep it clear that you’re serious about their needs.
Prompt Replies: From the initial application to follow-up communications, respond promptly to show you’re attentive and eager.
Ask Intelligent Questions: Clarify any uncertainties and show genuine interest in the specifics of the house sit.
Above all, remember that your application is a reflection of you. Make every word count, and let your dedication to being an exceptional house sitter be evident.
Negotiating Payment: Tips for Reaching an Agreement
Negotiating payment is a nuanced art, especially in house sitting where assignments can vary widely. Here’s a cheat sheet to navigate the payment conversation gracefully and effectively:
Research Rates: Know the going rate for similar housesitting services in the area. According to Care.com, most housesitting gigs pay between $50-100 per day. Obviously, location, price of the home, and job details can fluctuate this amount. 1
Assess Value: Estimate the value you provide, taking into account any additional responsibilities like pet care or gardening.
Open Dialogue: Initiate the conversation on payment terms confidently but diplomatically.
Be Transparent: Clearly articulate what your rate includes and be open about any potential extra charges.
Flexibility: Be prepared to negotiate and find a middle ground that respects your worth while accommodating the homeowner’s budget.
Most importantly, remember that your time and services are valuable. A fair agreement is one where both parties feel respected and satisfied. Don’t forget you will be earning 1099 income, so account for taxes!
Essential Skills and Knowledge for Professional House Sitters
Understanding the Responsibilities of a House Sitter
Embracing the role of a house sitter means stepping into a realm of varied and significant responsibilities. You’re not just occupying a space; you’re safeguarding a home and all it encompasses. Here’s what’s typically expected:
Maintenance: Keeping the house tidy and overseeing any routine upkeep.
Pet Care: If furry friends are in the mix, feed, walk, and provide the essential company they need.
Garden & Plants: Hydrate indoor plants and possibly manage an outdoor garden.
Security: Perform regular checks, activate alarm systems, and maintain a presence that deters potential intruders.
Emergency Handling: Be ready to address unexpected scenarios, from leaks to power outages.
Understanding these duties is the cornerstone of professional house sitting, ensuring peace of mind for homeowners and a reputable standing for you.
Managing Client Expectations and Providing Exceptional Service
Exceeding a homeowner’s expectations isn’t just about fulfilling a checklist; it’s about delivering comfort and trust through your service. Here’s how to excel in managing client expectations and providing a level of service that gets you invited back time and time again:
Clear Communication: From the start, clarify what services you’ll provide and understand the homeowner’s needs and concerns.
Professionalism: Treat the housesitting assignment with the same dedication and commitment you would any other job.
Attention to Detail: Take note of specific instructions and preferences. Homeowners appreciate when you care for their home as they would.
Regular Updates: Keep homeowners informed about how everything is going, especially regarding their pets’ well-being.
Leave a Positive Lasting Impression: Ensure the home is clean and welcoming upon the homeowners’ return. Maybe even getting fresh flowers for the dining room table on their return.
By managing expectations and delivering exceptional service, you build a reputation that enhances your portfolio and opens doors to new opportunities.
Navigating Legal and Financial Aspects
Setting Smart Pay Preferences and Rates
Determining your pay preferences and setting your rates calls for a strategic blend of self-awareness and market understanding. Here’s how to set intelligent rates that reflect your value:
Self-Evaluation: Consider your level of experience, the range of services you offer, and what sets you apart from others.
Market Research: Look into the average rates for house sittersin your target locations and skill set.
Expenses: Account for any travel or incidental expenses you may incur while house sitting.
Define Your Rates: Set a base rate for standard responsibilities and consider additional fees for extra services such as pet care or extensive gardening.
Be Clear & Upfront: State your rates on your profiles and websites to maintain transparency with potential clients.
Smartly set preferences and rates not only attract serious inquiries but also ensure you are adequately compensated for your commitment and services.
Insurance and Professional Cover Considerations
When stepping into someone’s home as a professional house sitter, it’s crucial to consider the layers of protection both for yourself and the property you’re responsible for.
Here’s what to keep in mind regarding insurance, professional coverage, and house sitting agreement:
Liability Insurance: Protect yourself against claims for damage or accidents that could occur during your stay. This is why many start by using a trusted site like Trusted Housesitters.
Personal Indemnity Insurance: If you’re advising on security or care, this can cover you for the advice provided.
Pet First Aid Certification: Not insurance per se, but it boosts credibility and reassures clients about their pet’s welfare.
Travel Insurance: Ensure it covers you for housesitting activities abroad if you’re traveling for gigs.
Understand Policies: If using platforms like TrustedHousesitters, know what their insurance offerings entail and how they apply to you.
Having the right cover is an investment in your business—it not only gives peace of mind but also enhances trust between you and your clients.
Growing as a Professional House Sitter
Learn From Every Assignment and Feedback
Every house sitting assignment is a classroom of its own. From bespoke routines to diverse pet personalities, each gig is an opportunity to grow professionally.
Reflect on Feedback: After completing a sit, take time to consider any feedback given—both praise and constructive criticism.
Continuous Improvement: Use each assignment to refine your skills, be it pet care, communication, or home maintenance.
Feedback Loop: Encourage homeowners to provide honest feedback to help you enhance service quality further.
Journal Experiences: Keep a detailed journal of your sits, noting what you learned and how you might improve. Plus small details to improve on repeat clients.
Proactive Learning: Seek out resources to bolster areas where feedback suggests there’s room for growth.
By treating each assignment as a learning experience, you not only become more adept at house sitting but also signal to potential clients that you’re committed to excellence.
Stay Informed and Adaptive to Industry Trends
The house sitting industry is alive with evolution, influenced by changing homeowner preferences, technological advancements, and a shifting global landscape. Staying ahead means being both informed and adaptable. Here’s how you can keep pace with the industry trends:
Market Research: Regularly check industry reports, surveys, and forums for the latest changes in house sitting rates and homeowner expectations.
Adapt Services: Be prepared to adjust your service offerings in response to new demands, such as smart home technology management or eco-friendly home care practices.
Embrace Technology: Utilize new apps and digital tools designed for house sitters to streamline bookings, client communications, and task management.
Professional Development: Attend workshops, webinars, or conferences focused on house sitting to expand your knowledge and network.
Growth Mindset: Treat every new trend or change as an opportunity to learn and expand your business to new markets and opportunities.
By embracing a commitment to continuous learning and flexibility, you position yourself at the forefront of the house sitting industry.
FAQs About Making Money Through House Sitting
Yes, it’s possible to earn a living exclusively from housesitting.
While it may require dedication to build a client base and can vary by location, those with strong reputations can find continuous opportunities. Diversifying services and locations can aid in maintaining a steady income.
For short-term house sitting gigs, rates may be higher due to the convenience factor for homeowners. In contrast, long-term sits may attract lower daily rates but offer steadier work.
Emphasize the value provided and seek a fair agreement that reflects the length and complexity of the job.
Unexpected costs in house sitting can arise, such as expenses for transportation, utilities, or emergencies. Clear agreements with homeowners about who covers these costs are crucial.
Always have a contingency plan and discuss potential unforeseen expenses in advance.
Ready to Start House Sitting as a Job?
In conclusion, venturing into the world of house sitting can be an exceptionally rewarding endeavor, offering you the unparalleled opportunity to explore new places while ensuring homeowners’ peace of mind.
House sitting is more than just a job; it’s a lifestyle that allows for flexibility, adventure, and personal growth.
By signing up with TrustedHousesitters, you’re not only stepping into a hub of global house-sitting opportunities. You’re also choosing a platform renowned for its extensive listings and high trust level among the community.
Recognized as the world’s largest site for house sitting, TrustedHousesitters connects you with a wide array of homeowners across the UK, Europe, North America, and Australia, broadening your horizons and making the small annual membership fee a worthwhile investment in your new house-sitting career.
With your enthusiasm, thoughtful profile, and personalized approach to each application, you are setting yourself up for success. Your open availability is a prime time to make money.
So why wait? Sign up, create your profile, and get ready to embark on your house-sitting journey with TrustedHousesitters today!
House sitting as a full-time lifestyle
Whether you’re a digital nomad, in between jobs or studies, retired, or simply looking for a break from the norm, long stay house sitting could be for you.
Make money and travel the world. Sounds like a good deal, right?
Get Started
Source
Care.com. “House sitting rates: How to determine fair pay every time.” https://www.care.com/c/house-sitting-rates/. Accessed March 7, 2024.
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What began as a small side hustle has evolved into one of the more popular online Etsy shops.
Noblesville couple Amie and Chris Knuckles created their online wood wall art and home décor business, Vintage Adventures, in 2015. In 2020, the business became a full-time venture when they launched the shop on Etsy, which – according to the Etsy analytics tool Erank – is in the top 2 percent of the platform’s sellers.
The couple, who have worked out of a garage at 936 Maple Ave. since 2021, created a key to the city for the late pop artist Jimmy Buffett in 2020, and one of their art pieces appeared in the 2022 movie “The Requin.”
“(When we started out) we both had really stressful (full-time) jobs, and going around to auctions and making things, it was fun, so it was like a hobby to start with,” Amie said. “We just enjoyed creating things. I never in a million years would have thought that this is what I would be doing. I was a director of nursing when this started. I never thought I would ever in a million years (run an art business).”
Initially, the Knuckles sold vintage furniture in a booth at the antique mall and eventually the Logan Village Mall. They started making and selling wall art after they decided to make art for their own walls in their booth space, which they thought were too bare. They started selling on Etsy after Chris lost his full-time IT job as a project manager during the COVID-19 pandemic.
“(Amie) came in the room, she’s like, ‘Let’s start an Etsy shop, it’ll be fun,’” Chris said. “And I always say that because every time we’re in here and we’re sweaty and we’re tired and exhausted, I’m like, ‘Let’s start an Etsy shop, it’ll be fun.’”
Although Amie devotes most of her time to the art business, she still works part time in a hospital.
Besides their Etsy shop, the Knuckles also have a website where they sell their art.
The Knuckles said their favorite part of their business is traveling, attending festivals, meeting people and the adventure of it all. They were invited to be a part of the Orange Beach Festival of Art in Orange Beach, Ala., March 9-10 and plan to attend more festivals this year.
“We’ve had a lot of great things happen to us over time,” Amie said. “When we get to the point where we start to doubt it, something really cool will happen that gets us to that next step and then we’re like, ‘Yeah, yeah, maybe this is what we’re supposed to do.’”
Amie and Chris said owning and operating Vintage Adventures is the highlight of their lives. They both take pride in their work.
“I look back on my (old full-time) career and think, ‘I did all that stuff but I didn’t do (anything). All I did was make some corporation more money or whatever, right?’” Chris said. “So, now, when I look at the stuff that we do (with our art business), it’s going to sound cheesy, but I feel like I’m leaving some sort of legacy, some part of me is still going to be around.”
THE KNUCKLES’ ART METHOD
Vintage Adventures owners Amie and Chris Knuckles create their wood art with lasers. They usually create a digital design and then use a CNC machine where a laser cuts a slab of wood into different pieces, according to the design.
Amie paints the pieces of wood, then the couple glues the pieces together and frame it.
Eventually, the couple plans make prints of the art that will be sold at a reduced price from the original pieces.
To find Vintage Adventures on Etsy, visit etsy.com/shop/VintageAdventuresLLC?ref=shop-header-name&listing_id=1027666500&from_page=listing.
For more on Vintage Adventures vintageadventureshomedecor.com.
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Want to learn how to sell short stories for money? Yes, you may be able to earn money from home doing this. Short stories tell a quick and interesting story. They’re not very long, usually just a few hundred to a few thousand words. Even though they’re short, they still have a complete story with…
Want to learn how to sell short stories for money?
Yes, you may be able to earn money from home doing this.
Short stories tell a quick and interesting story. They’re not very long, usually just a few hundred to a few thousand words. Even though they’re short, they still have a complete story with a start, middle, and finish.
Short stories can be about anything, like mysteries, adventures, or even funny moments.
In this article, we’ll go over the strategies to turn your short stories into a profitable side hustle, and you will learn:
What a short story is
Places you can sell short stories
How to make the most money selling short stories
Recommended reading: 16 Best Ways To Get Paid To Read Books
Best Places To Sell Short Stories For Money
Below are the different ways to sell short stories for money.
1. Amazon Kindle Direct Publishing (KDP)
Want to learn how to sell short stories on Amazon? If so, then Amazon Kindle Direct Publishing is one place to start, as this is a self-publishing platform and almost everyone uses Amazon already.
To get started selling short stories on Amazon Kindle Direct Publishing, you need to first create an Amazon KDP account. Make sure your short story is well-edited and formatted. Create an eye-catching cover for your short story. You can use Amazon’s Kindle creation tools or make your own on graphic design sites like Canva.
Kindle eBook prices typically start around $0.99 and go up from there. You can also sell your book on Kindle Unlimited and get up to 70% royalties. There are many benefits to using KDP to publish your short stories, including publishing in 3 easy steps, the potential to earn royalties, and being able to set your own list prices.
Kindle Direct Publishing can also help you distribute your eBook around the world, print your short stories into real-life physical copies, and help ship them around the world.
Recommended reading: How Alyssa is making $200 a DAY in book sales passively
2. Clarkesworld Magazine
Clarkesworld Magazine is a fantasy and science fiction magazine that publishes short stories, articles, and audio fiction. Magazines are published monthly and available on the website or in eBook format.
Guidelines for submitting short stories are straightforward. Short stories must be between 1,000 and 22,000 words, and you’ll get paid 12 cents per word. Payment is via PayPal or check. The story must be in genres such as science fiction or fantasy, horror is not allowed.
Stories submitted to Clarkesworld Magazine must be well-written, convenient for on-screen reading, and suitable for audio.
Recommended reading: 14 Places To Find Freelance Writing Jobs – (Start With No Experience!)
3. One Story
One Story is a popular magazine that publishes a short story once a month.
This platform specifically looks for literal fiction and they can only accept stories between 3,000 and 8,000 words. These short stories can be any style and on any subject as long as the story is compelling and well-written.
One Story pays $500 and 25 contributors copies. Stories must be new and not have been previously published material. One Story responds to submissions within 3 months after they are received.
4. East of the Web
East of the Web is a platform that helps provide exposure to writers.
The site gets over 500,000 page views a month, so if your short story is submitted and accepted, your story will likely get some views. This is beneficial because the site also receives attention from agents, press, filmmakers, schools, and other publishers.
To get your story accepted to East of the Web, your short story must have a compelling narrative that leaves the reader satisfied after the story. Your short story should feel complete and not need a follow-up story in order to leave the reader satisfied.
5. Flash Fiction Online
Flash Fiction Online is a magazine that publishes short stories in genres like science fiction, fantasy, horror, and literary fiction.
Short stories must be between 500 and 1000 words and include characters, compelling plots, and satisfying endings.
Your short story must be formatted correctly according to Flash Fiction’s guidelines (double-spaced, 12pt Times New Roman, and black font on a white background), and short stories cannot be written by AI!
As of 2024, Flash Fiction Online’s rate is $100 for each original story.
6. The Threepenny Review
The Threepenny Review is an American literary magazine that has fiction, memoirs, poetry, and essays. You can submit short stories via mail or through their online submission system.
The Threepenny Review pays $400 per story or article, $200 per poem, and does not print material that has already been published elsewhere. Short stories must be 4,000 words or less.
7. Poets & Writers
Poets & Writers is the largest nonprofit organization serving creative writers and is available as a magazine at major bookstores. The goal of Poets & Writers is to help poets and writers reach as many people as possible through their literary community.
With a national audience of over 100,000 readers, Poets & Writers has a strong following with students and faculty in creative writing programs across the United States.
Poets & Writers is known for its writing contests, grants, and awards database that features all kinds of creative writing contests. You can filter through the database by genre, cash prize, and if there’s an entry fee to sign up for the contest.
8. The Atlantic
The Atlantic is a publication known for its journalism.
The magazine covers a wide range of topics, including politics, science, technology, culture, and more. Short stories can be submitted and possibly sold to The Atlantic in genres such as fiction and poetry.
It’s best to look at what The Atlantic has published in the past to see what kind of short story they’re likely to accept. All short stories should be submitted as a Word document or PDF.
9. Reader’s Digest
Reader’s Digest is an online as well as printed magazine that was started in 1922.
The magazine covers a wide range of topics, including health, humor, inspirational stories, and more.
Submitting a short story to Reader’s Digest is simple and straightforward. You also need to include your name, address, and email to successfully submit your story.
10. Medium
Medium is a unique site where writers can publish and monetize their content.
Medium mostly focuses on articles and essays, but you can also publish short stories.
As a writer, you earn money depending on how much time Medium members spend reading your short stories. Due to this, it’s important to build a following and consistently write high-quality short stories on Medium to increase your chances of making money.
This can be a great place to sell short stories for money online.
11. Barrelhouse
Barrelhouse is a literary magazine that accepts submissions from writers, such as short stories.
Along with putting out a print magazine, Barrelhouse is also known for running a small press, organizing the Conversations & Connections conference, and the retreat Writer Camp. These are great resources if you’re looking to network and further your skills as a writer.
The magazine is looking for submissions that haven’t been previously published. Submissions are usually shorter than 8,000 words and in a format that is easy to read.
12. The New Yorker
The New Yorker is an American magazine that covers culture, politics, arts, and literature.
The magazine has been around since 1925 and has easily become one of the most influential magazines in the United States. Because of this, successfully submitting a short story and getting it accepted is quite difficult.
If you want to take your shot at submitting a short story to The New Yorker, submissions must be sent to [email protected].
All submissions are read within ninety days and if you do not hear back within that time frame, it means your story was not accepted.
13. Submit to short story contests
Short story contests are competitions where you can submit a short story for a chance to win a prize or recognition.
Contests are managed by magazines, writing organizations, and publishing houses that have an interest in promoting writers and getting their work seen by the public.
Contests will have specific guidelines such as which themes and genres are accepted, word limits, entry fees, prizes, and who the judges are.
Short story contests change over time and some of the most well-known short story contests include:
The Bridport Prize, which is a U.K.-based competition for short stories
The Writer’s Digest Short Story Competition
The Moth Short Story Prize
The Commonwealth Short Story Prize
The Sunday Times Short Story Award
You can also find other contests to submit your short story on contest databases like the Poets & Writers contest database and The Writer’s College short story writing competitions database.
14. Start your own blog
Another great way to get paid for your short stories is by creating a short story blog. This will allow you to share your creative work with the public.
Building a readership on your blog takes time, so be patient and dedicate time to marketing your blog and creating high-quality content.
Once your blog is up and running, you can make money via ad revenue, affiliate marketing, sponsored posts, and even by creating and selling your short stories through a subscription or paid ebook.
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Frequently Asked Questions
Below are answers to common questions about how to sell short stories for money.
What are short stories?
Short stories are short works of fiction (also known as short fiction) that focus on one plot, theme, or set of characters. Short stories are short, ranging from a few hundred words to a few thousand words. Even though short stories are brief in length, they convey a compelling narrative with a beginning, middle, and end.
What are some different short story genres?
Short stories can come in any genre and storytelling style. The most popular short story genres include mystery, science fiction (sci-fi), thrillers, fantasy, horror, adventure, historical fiction, romance, personal essays, speculative fiction, and drama. There are many more genres to include, and you can even mix different genres. You can even make money writing poems.
Are short stories fiction or nonfiction?
Short stories are by definition fiction pieces, and not non-fiction.
How much money can I make selling short stories? How much is a short story worth?
The amount of money you can make selling short stories depends on factors like the length of the story, the market, the publication, and the popularity of the short story.
You may earn as little as $25 for a short story, or you may be able to earn over $1,000 for a short story. For example, a short story in Reader’s Digest will most likely pay less than a short story in The New Yorker. Or, if you write and publish your own short story on Amazon that becomes popular, you may be able to earn thousands of dollars.
Do short stories sell on Amazon?
Short stories sell on Amazon through the Kindle Direct Publishing (KDP) platform. Many people choose to sell on KDP first because of the ease of getting started and publishing on KDP. Amazon KDP also has resources to help you publish short stories like helping create covers for your eBooks.
How do I sell my first short story?
The most important step to successfully sell your first short story is to create a high-quality and compelling story. The story needs to be engaging and free of grammatical errors (of course!). Once you’ve done this, you can choose online platforms, journals, or literary magazines you want to publish the short stories.
You must read the short story submission guidelines for each publication and make sure you pay attention to word counts and formatting requirements the platform is looking for.
You can sell your short story to different platforms. You may even want to try entering short story contests which often provide an opportunity for recognition, cash prizes, or publication opportunities. Market your short story on social media, your website, and other platforms to gain reach.
How many pages is a short story?
A short story can range from 500 words to 20,000 words. The actual number of pages depends on font size, spacing, and formatting. The average 1,000-word short story may be 5 pages, while a 20,000-word short story may be up to 100 pages. It all depends on the platform and what their short story submission guidelines are.
What is the best place to sell short stories for money online?
The best place to sell short stories depends on your style of writing and goals. Self-publishing on Amazon through Kindle Direct Publishing (KDP) allows you to sell your short stories as eBooks and you get to control your pricing. You can even submit your Kindle eBook to Kindle Unlimited, which gives you up to 70% royalties when your book is read. There are also many award-winning sites and platforms where short story sellers can submit their craft to potential buyers, such as a literary journal.
There are many other places where you can sell short stories (other than the list above), such as Strange Horizons, BBC, Vestal Review (for flash fiction), Ploughshares, and more.
How To Sell Short Stories For Money – Summary
I hope you enjoyed this article on how to sell short stories for money.
The best places to sell your short stories include Kindle Direct Publishing, Clarkesworld Magazine, One Story, Flash Fiction Online, and many others that are listed above. These sites are some of the best places to sell short stories due to the ease of publishing books and wide audience.
Wherever you sell your short stories, it’s important to create a compelling narrative and make sure your work is free of grammatical errors.
Good short story writers are in demand, so I hope you can see success with this!
Are you interested in selling short stories for money?
Do you want to make money from your phone? I have been making money from my phone for many years now, and it’s a great way to make extra income or even a full-time income! Your phone can help you make money in many ways too. You can sell things you don’t need or use…
Do you want to make money from your phone?
I have been making money from my phone for many years now, and it’s a great way to make extra income or even a full-time income!
Your phone can help you make money in many ways too. You can sell things you don’t need or use your skills on freelance platforms. Answering surveys, selling photos, or being a virtual friend can also make you money, all from wherever you are comfortable.
Best Ways To Make Money From Your Phone
Below are the best ways to make money from your phone.
1. Answer surveys
You can earn money with your phone by answering surveys. Companies pay for your opinion, and you can do this whenever you have free time, such as when you’re just sitting on the couch watching TV with your phone in your hand.
Surveys are like a bunch of questions that companies ask to find out what you like or what you think about something. They might ask about the food you eat, the games you play, or even about your shopping habits.
You answer these questions, and in return, they give you money, points, or free gift cards (such as free Amazon gift cards) as a way to thank you for your time.
Some of the paid online survey companies I recommend are:
Here are 11 Paid Online Survey Sites if you want to learn more.
I have done many paid surveys over the years, and I love how I can answer them right from my phone and whenever I want. I can answer them while watching a video, during a lunch break, before or after work, and more.
2. Sell photos
You can use your phone to take pictures and make money. Selling stock photos is a fun way to make money through passive income without actively working for it.
Not all photographers need a fancy camera to start. Your phone can work perfectly and the newest smartphones can take great, high-quality photos. My phone can take great pictures and it wasn’t super expensive – it’s just a normal Android phone.
With stock photography, you can upload pictures you’ve taken with your camera or phone to a platform like Depositphotos. When someone buys one of your photos, you earn a commission.
Websites, companies, and blogs use stock photos for many reasons. Businesses use them to improve their content, websites, or overall appearance when they might not have the time to take all the photos they need.
I personally often use stock photos in my blog posts, and I know many others who do too. The pictures throughout this article (yes, the one that you are reading) are all stock photos.
Stock photography includes pictures of things such as:
Travel and landscapes
Business and finance, like laptops, offices, and people working
Family, such as parents and children
Household items, such as a living room and kitchen
Animals, such as pets and wildlife
Vehicles like cars and boats
Health and wellness, such as fitness-related images, healthy food, someone working out
Sports, from professional events to casual games
Recommended reading: 18 Ways You Can Get Paid To Take Pictures
3. Instacart Shopper
Making money through your phone is possible with grocery and food delivery apps like Instacart. As an Instacart Shopper, you get paid to shop for groceries and deliver them to people who order online.
Getting groceries delivered is a service that lots of people are using more and more. I’ve used it a few times when I didn’t have time to go shopping or didn’t have a car.
With this job, you have the freedom to make your own schedule, and you can get paid pretty fast – sometimes the same day.
Delivering groceries is a popular side job, and all you need is a valid driver’s license, a car, and your cell phone.
You earn money for each delivery and get to keep all your tips. Platforms like Instacart and Shipt can help you make around $15 to $20 per hour.
Learn more at Instacart Shopper Review: How much do Instacart Shoppers earn?
4. JustAnswer
JustAnswer is a site where you can make money by using your phone to help others. If you have skills or knowledge in a particular area, you can answer questions and earn cash.
JustAnswer states that you can make $2,000 to $7,000 a month as an expert answering questions online on their site.
People ask questions, and the site matches them with an expert who can answer. For example, someone might ask how to change their oil or why their cat is sick. As an expert, you’ll be answering questions and giving personalized help through text chat.
There are experts in fields like mechanics, doctors, lawyers, veterinarians, home experts, appraisers, computer and tech experts, and more.
You can work whenever you want from your computer or cell phone, and you get to choose which questions you want to answer.
To get started, apply online on JustAnswer. They’ll verify your credentials (every expert on this platform is verified by a third party and needs to have licenses, education, or employment in their field of expertise). Once approved, you’ll have a quick meeting with the JustAnswer team to learn how to use the platform.
It takes about one week to become verified, and you can receive payments through direct deposit, PayPal, or Venmo.
Recommended reading: 28 Ways To Get Paid To Text
5. DoorDash
When you want to make money with your phone, DoorDash is one way you can do that. DoorDash is a gig app where you deliver food to people.
Working with DoorDash means you’re part of the gig economy, delivering restaurant meals to customers. You have the flexibility to pick your hours and decide when and where you want to work.
Depending on your location, you can deliver food with a car or by bike.
The app is your main tool for the job, and it shows you your orders, where to go, and how to get there.
Your earnings depend on each delivery. You can make $2 to $10 or more, plus tips.
Please click here to sign up for DoorDash.
6. Fiverr
Fiverr is a way to make money from your phone as it’s an online platform where people do all sorts of online work, like writing, designing, or making videos.
Some services you can sell to make money from your phone include:
Chat support customer service – Manage customer service for a business as a freelancer.
Social media posting assistant – Help clients schedule and post content on their social media platforms, such as Instagram and Facebook.
Virtual fitness coaching – You can give fitness coaching sessions or create personalized workout plans from your phone.
Online language lessons – Teach language lessons through video calls or voice messages.
Life coaching – Share motivational messages, life advice, or coaching sessions through your phone, such as in phone calls or texts.
Mobile app testing – Test and give feedback on mobile apps for developers.
When someone buys your service from your listing, they pay Fiverr. Fiverr takes 20%, and you receive 80% of the funds after a 14-day pending period.
Another popular platform somewhat similar to Fiverr for freelancers is Upwork.
7. RentAFriend
If you’re looking to make money from your phone, RentAFriend could be an interesting choice. This platform allows you to get paid for being a friend.
As a RentAFriend, you might respond to text messages and have phone conversations with the person. You can be a friend in person, over video chat, or through text messages, depending on your preference.
With RentAFriend, you set your own hours and the price for your time. Earnings can range from $10 to $50 per hour, depending on what you decide.
Here’s how it works:
Sign up on the RentAFriend website.
Create a profile that shows who you are and what kinds of activities you enjoy.
Once your profile is live, people can find you and request your friendship services.
People join this site to find a friend and someone to talk to, and that’s where you come in.
8. Papa app
Papa is a website where you can chat with older adults, help them around their house and with shopping, and more.
You’re simply giving them some extra support with their day-to-day tasks, and you can earn money right from your phone for some of these tasks.
As a Papa Pal, you get to set your own schedule. The amount you can earn per hour varies depending on your location.
9. BetterHelp therapist
If you’re a licensed therapist, you might like making money using your phone with BetterHelp. BetterHelp is an online platform where therapists help people.
You can work with clients by chatting, phone calls, or video calls. You’ll need good internet and a private place to talk.
As a therapist on BetterHelp, estimated earnings are around $100,000 per year for working 40 hours per week. You can also work part-time at around 5 to 15 hours per week and earn around $8,000 to $27,000 each year.
To join, they require at least 3 years of experience in therapy for adults, couples, or teens.
10. Play games on your phone
There are many money making apps where you can get paid to play games on your phone.
Game apps pay real money rewards because they earn money through ads and in-app purchases. To motivate you to keep playing their games, they share a portion of their earnings with you.
Here’s a quick list of the top game apps that pay real cash:
KashKick
Swagbucks
InboxDollars
When selecting gaming apps to make money, it’s important to check reviews and understand how you receive your earnings. Be cautious with apps that require payment to play or promise rewards that seem too good to be true. Also, keep track of the time you spend playing games to make sure it is worth it.
Recommended reading: 23 Best Game Apps To Win Real Money
11. User Testing
UserTesting is a way you can make money by trying out websites and apps. Companies will pay you for your honest thoughts on how easy they are to use.
To participate in tests, you’ll need a computer or a smartphone, an internet connection, and a microphone. Some tests may also require a webcam.
When you test websites, you look out for things that don’t work well or can be confusing. Your feedback helps companies improve as they want real opinions, not just quick answers.
Here’s how it works:
Sign up with a user testing site.
They’ll give you tasks, like finding something on a website. Most tests take about 15 to 20 minutes.
You record your screen and talk about what you’re thinking.
After you’re done, you send your feedback.
You get paid! You could earn around $10 per test.
Payments are usually made through online services like PayPal.
I have personally paid someone to do a UserTesting review on this site, Making Sense of Cents. It’s a great way to see what a stranger thinks of your website and they gave me tons of helpful tips and let me know what changes I should make to make my website better for readers.
12. Sell used items online
If you have stuff you don’t use anymore, selling it online can be a smart way to make some money. Your old phones, clothes, games, and books could be worth something to someone else.
And, you can do all of this right from your cell phone!
Whether you have old things around your home that you want to sell or if you want to start a reselling business, there are many apps that make it easy to sell stuff right from your phone.
Some of the best selling apps are Poshmark for clothing, Worthy for jewelry, Facebook Marketplace for local sales, and Decluttr for electronics.
I have personally sold many items over the years on various sites to make extra income. At one point, I even had a small reselling business. So, I understand firsthand how helpful these sites and apps can be!
13. Sell your data
You can earn money from your phone by selling your data through apps. These apps pay you for the data you don’t use. You might be concerned about safety, but in most cases, it is safe.
These apps usually operate in the background, helping companies understand how people use the internet. Data apps aren’t full-time jobs and you won’t get rich from them, but they can be easy side gigs.
Honeygain is one app where you can earn cash, and you get paid for data you’re not using. You just install the app, and it runs without you doing anything extra.
You receive payment based on the amount of traffic passing through your connection, with Honeygain paying $1 for every 10 GB of traffic.
14. Instagrammer
If you love sharing photos and videos, Instagram can be a great way for you to make some extra money with your social media accounts.
I have made income from Instagram over the years, and while it’s not my full-time income, it is a fun way to make money from my phone.
This is because you can start an Instagram on whatever niche you want, such as fitness, travel, fashion, family, and more. So, you may be able to have a lot of fun managing and growing your social media account.
Then, you’ll want to make sure you regularly share high-quality content, use relevant tags, post reels, and interact with your audience to steadily increase your follower count.
15. Get paid to walk
You can actually make money just by walking! There are apps that track your steps and reward you for staying active. You can download these to your phone, start walking, and watch your steps turn into rewards.
Sweatcoin is one app you might like. If you’re over 13 and have a smartphone, you can join. It changes your walking into points that you can use. You can get stuff like gift cards or even support charities.
Getting paid is easy:
Join an app – Sign up for an app that fits you.
Walk and collect – Carry your phone and collect points as you walk.
Earn rewards – Swap your points for things like money to PayPal or cool products.
Some apps might hook up to a fitness tracker. This way, if your phone isn’t with you, you won’t miss out on any steps.
Frequently Asked Questions
Below are answers to common questions about how to make money from your phone.
How can I use my phone to make money?
You can make money on your phone by selling things you no longer need on apps like Decluttr or through your own store on platforms like Shopify. You could also complete online surveys, sign up for market research, or perform tasks on gig economy apps.
How can I make passive income on my phone?
One way to make passive income from your phone is to sell stock photography. You could take pictures from your phone, and then sell them over and over again online!
How can teenagers earn money using mobile apps?
Teenagers can earn money from their phones in their spare time by taking online surveys, performing tasks, selling products online, or using apps that reward users for maintaining good habits, like staying active.
How can I make $100 a day on my phone?
There are many ways to make $100 a day from your phone, such as selling items online and signing up for gig jobs like Instacart.
What are the quickest ways to make money on your phone?
The fastest ways to make money with your phone include taking surveys, using cash back shopping apps (because you may shop online a lot already!), playing games that have real rewards, and delivering groceries or meals with gig apps.
How can I learn how to make money with my phone without any investment?
There are many ways to make money from your phone for free, such as answering surveys, selling items that you already own (such as old clothing that you no longer wear, CDs, DVDs, or old devices that you don’t use anymore), driving for Uber, delivering groceries with Instacart, and more.
What apps can I use to make money with my phone?
Apps like Instacart, Papa, and Uber are all good ways to make side hustle money with your phone. There are many other ways that I didn’t mention above that are good options, such as Fetch Rewards (scan your receipt from grocery shopping), Acorns (micro-investing app for your spare change), Ibotta (a grocery shopping app), Neighbor (rent out your storage), Lyft (drive others around), TaskRabbit (sell your handyperson services, such as building furniture), OfferUp (selling stuff that you no longer need), and Rakuten (get cash back on your online shopping).
These apps are available on both Google Play stores and the iOS app store.
How To Make Money From Your Phone – Summary
I hope you enjoyed this article on the many ways to make money from your phone.
As you can see from the above, there are many ways to make extra cash from your phone, from part-time gigs to full-time income. Whether you have an Android or Apple phone, there are many ways on the list above that you may want to try out.
What do you think is the best way to make money with a phone?