A side hustle is a secondary job someone takes on to make more money or pursue a life passion. In light of the cost of living crisis’ impact on income and savings, many are looking for new ways to get more money in their bank accounts and pockets. Even pensioners are getting involved and using side hustles to supplement their pension with some making around £5,000 a month.
Sylvia, 70, is one of the many individuals who have taken on a side hustle to supplement their income in recent years.
After being made redundant from her role in a housing safety charity, she did not want to stop working so decided to become a handywoman.
Specialising in electrical tasks, along with DIY and IKEA furniture assembly, Sylvia was able to avoid the regular nine to five by joining Taskrabbit.
Speaking exclusively to Express.co.uk, Sylvia shared how she managed to boost her pension by £5,000 a month.
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The former case worker said: “I signed up to Taskrabbit when I was made redundant and lost my main source of income five years ago so I wanted something that was more flexible and I could still earn money.
“On Taskrabbit, you build your income slowly, so low rates attract more customers in the beginning.
“Depending on clients feedback and number of completed jobs your rate can increase over time.
“My average monthly income for the past year has been around £5,000 for two to three jobs per week.”
With energy bills set to rise by 27 percent as of this month and inflation at 9.9 percent, pensioners are more likely to be vulnerable to the rise in the cost of living.
Despite Government intervention, Age UK reports that 2.8 million older households will be living in fuel poverty this winter.
While not everyone above the state pension age can work, with many postponing their retirement, side hustles could be a
According to Sylvia, starting her side hustle did not prove to be difficult thanks to how she went about doing it.
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The 70-year-old said: “It’s not difficult to sign up with Taskrabbit.
“You simply need to provide proof of identity, address, banking details and confirm the job you’d like to specialise in.
“Once you’re signed up, you can choose when you work to suit your schedule, meaning it’s really flexible.”
For the former case worker, the new industry that facilitates side hustles allows people to bring skills and knowledge from previous jobs into a new secondary career.
She said: “Definitely sign up to a platform such as Taskrabbit if you have a skill or expertise others would benefit from – it offers flexible working hours and it’s a straightforward process for signing up and securing jobs.
“I suggest looking carefully through the list of categories that’s on Taskrabbit and ask yourself what skills you are good at and where you can lend your expertise.
“Also, make sure to calculate what you need to invest in like travel cost, tools, accessories etc.
“It’s important to note that interpersonal and communication skills are essential, as well as a grasp of handling the app.”