This is a money making tip for the 50/50 Challenge.
I will start this tip off by saying it’s not for everyone. Every tip I offer this month will not be applicable to you, but I do want to present different options for both saving and making money. Pick what works for you and ignore what doesn’t.
If you’re looking to get some extra money, but you don’t have time to work on the side using sites like CashCrate and MyPoints can earn you just a bit of money. Basically these sites allow you to get redeemable points and cash for completing the following:
- completely research surveys,
- shopping online with their site
- referring other people
Some sites like MyPoints offer games too, but read further to see why it’s usually not a good deal.
Batch Surveys and Get Solid Returns
The main way I gain points from the site is by taking the surveys. Whether you qualify or not, you gain some redeemable points from them. Taking surveys don’t have to time consuming. I like to batch surveys so I can maximize my precious time and get a solid return. Hat tip to Gather Little By Little for introducing me to batching -it’s been a big help.
To figure out if it would be worth your time, consider calculating your hourly rate based on your reward for the amount of time you’ve spent. I’ve done that and I’ve become selective on which surveys I check out.
CashCrate have 30 second or so videos to that you watch for payment. The return on them though is bad. To make sure you’re not running the videos in the background, there’s a code inserted that you must enter to claim the reward. understandable as you don’t want people to game the system, but so far the offers have been a few cents each video.
On a plus side if you’re a breastfeeding mom, watching a few videos can get you some cash with little work.
Buy Through MyPoints and CashCrate with Caution
My advice is the same for cash back reward cards – if you’re going to make the purchase anyway then you might as well get a reward for it. However if you’re buying items just so you can get some points, then skip it. It’s not worth it and you’ll end of hurting your finances rather than helping.
Avoid the Cash Games/Download Bonuses and Spamming Friends
I will mention that there are cash games that can earn you some points, but I believe that’s a waste of your time and money. Same goes for any offer that gives you points for downloads. It’s not worth it.
By the way referring friends is alright, but giving out their emails just hoping they’d sign up is not cool.
Thoughts on Earning Bits
Are these sites for everyone? No, but if you’re the type of person that can batch surveys you can get a little bit of money. you can use that to pay down debt a bit, put something aside for savings, or as your gift money.
If you’re interested in signing up for either site, here are the links to get you started:
There are several other survey sites you can sign up for, but the returns on these two sites seem the best. How many of you have used sites like CashCrate and MyPoints? How much have you earned? How do you use that money?
Photo Credit: sushi♥ina