If you have a full-time job, but not enough income to achieve your financial goals, you are not alone. Many people in Singapore struggle with personal finances despite earning a lucrative salary. As a result, some of them end up taking bank loans and even worse mortgaging their valuable assets. For your short-term financial requirements, you should not pledge your collateral. Alternatively, you can take up a payday loan or a personal loan from licensed money lenders in Singapore. That way, you can avoid the risk of losing your valuable assets in the event of any default. Even better, keep some money aside from your salary every month for emergencies. Here are some ways to make extra cash without hampering your day job.

Tutoring

If you have a good academic background, you can earn some extra cash by teaching school or college students. Home tutors are highly in demand for some subjects, such as, mathematics, English, geography, and science. Even those with special skills of music, computer programming, graphic designing, etc. can earn a small fortune by tutoring. You’ll find many online platforms for getting quick tuition assignments. With a little research and communication, you can easily start tutoring to make a side income.

Writing

You do not have to be a champion writer to make money writing. All you need is good command over the language and grammar, and some creative thinking ability. Freelance writing can fetch you up to $30 per hour and even more, if you have the necessary skills. You can try writing for established blogs. Bidding for writing projects on online freelance job portals is also a good idea. Create an account on sites like People Per Hour and Guru.com, and start bidding for projects that you think you can handle.

Refereeing

Interestingly, refereeing or conducting matches can get you up to $20 per hour. Many schools and private institutions conduct sports tournaments from time to time. They often look for qualified referees or umpires. If you can keep a tab on all upcoming sports tournaments in your locality, you may find an opportunity for refereeing as well.

Computer repairing

With basic knowledge of computer hardware, you can earn some extra cash by providing tech support. You can simply try by repairing your own PC or your friends’ computers. Once you improve your repair skills; put an online ad or distribute printed leaflets in your locality; let people know about your new venture.

Investing in real estate

One way to multiply savings quickly is by investing in real estate. If possible, consider buying a home. You can resell it after one year at a much higher price. Meanwhile, you can rent the house and earn some extra cash every month. Investing in commercial markets is also a good idea.

Taking surveys

Some market research companies pay for taking surveys. Search for such opportunities online. All you need is to fill out online forms or provide answers to some set questions.

Making extra cash while keeping your day job may not be easy, but with a little planning and discipline, it can get you a couple of hundred dollars every month. Make sure you use the extra income for building your funds. Do not use it for emergency. You can borrow from licensed moneylenders to meet your short-term financial requirements.