Earning Extra Cash While Retired

Are your savings and pension funds not stretching far enough? Or are you struggling to find ways to fill your days now that you have retired? If the answer is yes to either one of these questions, we may have the answer for you.

Being retired generally means you've some extra time on your hands. So why not use this time, and all the expertise you’ve gained down through the years, to earn some additional cash and gain a new pastime.

Here are some fun and easy ways you can earn money in retirement.

1. Tuition & Consulting

You've spent your whole working life building up expertise in certain subjects; why not share this knowledge to earn a little extra cash. Retired teachers and lecturers can charge for private tuition, while former engineers and scientists can consult on a part-time basis.

Retired tutor

There is a huge market for people with expertise in specific areas, so start taking advantage of this and begin educating people today!

2. Selling crafts

Never before has it been so easy to turn your hobby into cold-hard-cash. Websites such as Etsy.com have provided a market for people to sell their produce from pastimes such as knitting and pottery.

Ebay is another great website for retirees. It doesn't take a computer whiz-kid to set up an account and it's a great avenue to sell the results of your hobby.

3. Dog Walking

If you're an animal lover, dog-walking is a great way to both supplement your income and improve your health. Put an advertisement in the local paper and watch the calls flood in - you will be surprised the amount of professionals who find it difficult to find the time to walk their dog.

If you don't have the energy for dog walking or dogs simply aren't your thing, why not try pet-sitting. Benefits of this include flexible hours and "customers" who are always happy to see you.

4. Write a book

Whether it is fiction, a biography or simply a how-to guide, writing a book is a great way to keep busy in retirement. Over the years most people pick up more than a few interesting stories and there are few better places to document them than in your own book.

It may even earn you a few extra quid, but if it doesn't then don’t worry as the personal enrichment can be equally rewarding.

5. Bed & Breakfasts

Make the best of retired life by starting your own B&B. Turn those idle spaces into cozy guest rooms and prepare to start meeting new and interesting people on a regular basis.

B&B's are a fantastic option for retirees because they don't take up too much time and you don’t have to leave the comfort of your own home.

6. Online freelancing

Believe it or not, people get paid to write articles such as the one your reading. And if I can do it, then trust me, so can you. Blogging is a great way to pick up a few extra pounds in retirement.

Freelancer working from home

Start by joining a freelance site such as Peopleperhour.com or Elance.com and then bid for jobs. Why stop at writing: you can make money for everything from ironing to administration on these freelance sites.

Another great way to make a bit of extra cash is online surveys. I wonder where you could do one of those...