Paying off student loans is tough. It feels like it never ends and if you don’t get ahead of your payments, it’s easy to watch compounding interest pile on. At FutureFuel.io, we believe that the best way to pay down student debt is by making extra payments. We’ve tested dozens of different ways to make a little extra cash that you can apply towards your student debt. A little goes a long way.
After going through them all, we ranked our top 5 favorite side hustles. We add to this list often, so you might want to add this to your bookmarks to come back to.
With DoorDash, you can sign up to deliver food, set your own schedule, and get paid for making deliveries. DoorDash is available in over 4000 cities, so no matter where you live, you’re likely close to a city to deliver in. After signing up, it usually takes 1-2 weeks to get approved to start making deliveries. Here’s what you need in order to get started:
- Must be 18 years old
- Have access to a car, scooter, or bicycle
- Have a driver’s license number
- Have a social security number (in the US)
- Consent to a background check
Depending on the day, DoorDash delivery drivers can earn up to $25/hour! The low end of the pay is $10/hour, but it’s still great supplemental income if you live near a big city and can deliver on a bicycle or scooter – because you’ll have very few expenses. It only takes a few minutes to sign up and get stared.
Do you have a car that sits around doing nothing for a few days a week? If you do, you should consider renting it out and becoming your own car rental service with Getaround. Here’s how it works:
- Sign up for Getaround
- Schedule a day to have a car kit installed and photos taken
- Negotiate a parking spot (if you live in a big city)
- Set the days and hours that your car is available
- Start renting out your car
You will have an upfront cost of ~$100 to have the kit installed, but that kit allows other renters to rent your car and for Getaround to use GPS to track your rental when people are renting the car.
Depending on how available your car is for renting out, you can make hundreds of dollars a month by renting out your car.
Looking for another delivery option besides DoorDash? Try Postmates.
Postmates is unique because you’re not just limited to delivering food from restaurants, you can deliver items from anywhere. It’s free to sign up and get started, Postmates charges no fees, and you set you own schedule. You can get paid weekly or opt for instant pay, meaning you take home what you make right away. You also don’t need a car and in some cities, you’re guaranteed to make at least $900 if you complete enough deliveries!
Here’s how to get started.
- Visit this link
- Enter your information, such as address, your driver license (if you will be driving a car), and consent to a background
- Add a profile photo
- Download the Postmates fleet app and get started
Postmates will send a payment card to your address so you can purchase the items that you’re delivering and you’ll be ready to start earning some extra cash.
Did you know that you can get paid to play with dogs? Seriously – we’re not kidding.
As a Rover sitter, you can paid for dog boarding, house sitting, dog walking and doggy day care – all on your own schedule. It’s easy to sign up and start making money by playing with dogs all day, here’s how you get started:
- Visit this link to get started
- Fill out your profile and add your relevant details
- Once your profile is approved, set your schedule
- Begin walking dogs!
What could be better than that?
Shopping and delivering other people’s groceries is a new concept but it’s taking off fast. These days, people would rather select the items they want in an app, have someone pick the items off the shelves, and deliver them to their front door. Laziness? Maybe. Opportunity? Oh yeah.
You can make hundreds of dollars per week by delivering groceries with Instacart on your own schedule. This is all you need to do:
- Apply to deliver groceries here
- Download the app once your account is approved
- Start delivering groceries and getting paid on your own time
There are a few requirements for getting started – you must be 18 years old, have access to a vehicle, be eligible to work in the US, have a smartphone, and be able to lift 50lbs. If you don’t have a car, you can still work for Instacart as an in-store only shopper – meaning that your job is to pick items off the shelves and get them ready for delivery.
These 5 side gigs alone can help you generate thousands of dollars in extra income that you can apply towards your student debt and help accelerate that paydown. By finding ways to drive extra income and using the FutureFuel platform to help crush student debt, you can save thousands of dollars and shave years off the life of your loans.
At FutureFuel.io, we are committed to helping you achieve your goals of being debt-free. If you found this article helpful, please share with your friends and loved ones who also have student debt.
|LENDER||APR RANGE||ESTIMATED MONTHLY PAYMENT||MIN FICO|
|6.98% - 35.89%||$378||620||SEE OFFERS|
|5.99% - 24.99%||$349||640||SEE OFFERS|
|99.00% - 199.00%||$1260||Not specified||SEE OFFERS|
|6.14% - 35.99%||$377||620||SEE OFFERS|