If you have been injured or are dealing with a medical condition that has put you on short-term disability, you may be worried about how to make ends meet. While short-term disability benefits can help cover your expenses, they may not be enough to cover all your bills. Fortunately, there are several ways to make extra money while on short-term disability.
One option is to work from home. Many companies offer remote work opportunities that can be done from the comfort of your own home. From customer service to data entry, there are a variety of jobs that you can do online. Additionally, freelancing is another great way to earn money while on disability. Freelancing allows you to work on your own schedule and take on projects that fit your skill set.
Another way to make extra money while on short-term disability is to sell items that you no longer need or use. You can sell items online through websites like eBay, Craigslist, or Facebook Marketplace. Additionally, you can sell items in person at a local flea market or garage sale. Selling items that you no longer need can not only help you earn extra money but also declutter your home.
How To Make Extra Money While On Short-Term Disability?
Short-term disability is a type of insurance that provides income replacement for a limited period of time to employees who are unable to work due to a covered illness or injury. It is typically offered as a benefit by employers, and the coverage and terms can vary depending on the employer’s plan.
Short-term disability insurance is designed to cover off-the-job accidents and illnesses that workers’ compensation would not cover. The benefit can pay up to 60 percent of the employee’s weekly gross income, for a specified amount of time, if they fall ill or get injured and cannot perform the duties of their job.
To qualify for short-term disability benefits, an employee must meet certain eligibility requirements, such as being unable to work due to a covered illness or injury, and having worked for the employer for a certain period of time. The specific requirements can vary depending on the employer’s plan.
It’s important to note that short-term disability benefits are not meant to be a long-term solution. They typically only provide income replacement for a few weeks to a few months, depending on the employer’s plan. If an employee’s disability lasts longer than the maximum benefit period, they may need to apply for long-term disability benefits or other forms of assistance.
Overall, short-term disability insurance can provide valuable financial support to employees who are unable to work due to a covered illness or injury. If you are considering enrolling in short-term disability insurance, make sure to carefully review your employer’s plan and understand the coverage and terms.
Freelance Work
If you are on short-term disability, freelance work can be a great way to earn some extra money while you recover. Here are a few freelance work ideas that you can consider:
Writing Services
If you have a talent for writing, you can offer your services as a freelance writer. There are many different types of writing services that you can offer, such as:
- Blog posts
- Articles
- Product descriptions
- Social media posts
- Press releases
You can find freelance writing work on platforms like Upwork, Freelancer, and Fiverr. You can also reach out to businesses and offer your services directly.
Graphic Design
If you have skills in graphic design, you can offer your services as a freelance graphic designer. There are many different types of graphic design work that you can do, such as:
- Logo design
- Business card design
- Flyer design
- Brochure design
- Website design
You can find freelance graphic design work on platforms like 99designs, DesignCrowd, and Dribbble. You can also reach out to businesses and offer your services directly.
Consulting Services
If you have expertise in a particular area, you can offer your services as a freelance consultant. There are many different types of consulting services that you can offer, such as:
- Marketing consulting
- Business consulting
- Financial consulting
- Legal consulting
- IT consulting
You can find freelance consulting work on platforms like UpCounsel, Catalant, and HourlyNerd. You can also reach out to businesses and offer your services directly.
Freelance work can be a great way to earn some extra money while you are on short-term disability. Just make sure that you are not taking on too much work and that you are not overexerting yourself. Remember, your health should always come first.
Online Tutoring
Online tutoring is a great way to make extra money while on short-term disability. You can work from home or anywhere with an internet connection, and set your own schedule. Plus, with the rise of remote learning, there is a high demand for online tutors.
There are many online tutoring platforms that you can sign up for, such as WyzAnt, Chegg, Tutor.com, and Studypool. These platforms allow you to connect with students who need help in a variety of subjects, from math and science to English and history.
To become an online tutor, you will typically need a college degree or be currently enrolled in a college program. Some platforms may also require you to pass a background check or a subject-specific test. However, once you are approved, you can start earning money by helping students with their homework, test preparation, or general academic skills.
The pay for online tutoring can vary depending on the platform and your level of experience. According to Tried and True Mom Jobs, tutors on WyzAnt typically charge $30-$60 per hour, while Chegg tutors start at around $20 per hour. Some platforms may also offer bonuses or incentives based on your performance.
Overall, online tutoring is a flexible and rewarding way to make extra money while on short-term disability. If you have a passion for teaching and a strong academic background, consider signing up for an online tutoring platform today.
Online Surveys and Reviews
While on short-term disability, taking online surveys and leaving reviews can be a simple way to earn some extra cash. Many companies need feedback on their products and services, and they are willing to pay for it. Here are some of the best websites that pay you to take surveys and write reviews:
- Swagbucks: This popular survey site pays you to take surveys, watch videos, and search the web. You can redeem your Swagbucks points for cash or gift cards.
- InboxDollars: This website pays you to read emails, take surveys, and watch videos. You can also earn cash back for shopping online.
- Survey Junkie: This platform pays you to share your opinions on various products and services. You can redeem your points for cash or gift cards.
- Product Report Card: This website pays you to test new products and services and provide feedback. You can earn up to $50 per survey.
- UserTesting: This platform pays you to test websites and apps and provide feedback. You can earn up to $60 per test.
It’s important to note that you won’t get rich taking online surveys and leaving reviews. However, it can be a simple and easy way to earn some extra cash while on short-term disability. Just be sure to do your research and only sign up for reputable websites.
Investing in Stocks and Cryptocurrencies
Investing in stocks and cryptocurrencies can be a great way to make extra money while on short-term disability. However, it’s important to remember that investing always carries some level of risk, so it’s important to do your research and make informed decisions.
When it comes to investing in stocks, it’s important to diversify your portfolio to spread out risk. Consider investing in a mix of blue-chip stocks, growth stocks, and dividend-paying stocks. You may also want to consider investing in index funds or exchange-traded funds (ETFs), which provide exposure to a broad range of stocks and can help minimize risk.
Cryptocurrencies can also be a lucrative investment opportunity, but they come with even greater risk. Before investing in cryptocurrencies, it’s important to understand the technology behind them and the potential risks involved. Consider investing in well-established cryptocurrencies like Bitcoin or Ethereum, and avoid investing in newer, less established cryptocurrencies.
It’s also important to keep in mind that investing in stocks and cryptocurrencies requires a long-term perspective. Don’t expect to get rich overnight, and be prepared to weather market fluctuations and volatility.
Here are a few tips to keep in mind when investing in stocks and cryptocurrencies:
- Do your research and make informed decisions.
- Diversify your portfolio to spread out risk.
- Consider investing in index funds or ETFs to minimize risk.
- Invest with a long-term perspective.
- Be prepared to weather market fluctuations and volatility.
Selling Handmade Products Online
If you are creative and enjoy making handmade products, you can turn your hobby into a profitable business. Selling handmade products online can be a great way to earn extra money while on short-term disability.
There are many online marketplaces where you can sell your handmade products, such as Etsy, Handmade by Amazon, and Shopify. These platforms allow you to showcase your products to a large audience and reach customers from all over the world.
To start selling online, you will need to create an account on one of these platforms and set up your shop. Make sure to take high-quality photos of your products and write detailed descriptions that highlight their unique features. You can also offer customization options to make your products stand out.
When pricing your products, consider the cost of materials, your time, and any fees associated with selling on the platform. It’s important to price your products competitively while still making a profit.
To attract more customers, you can also promote your products on social media and through email marketing campaigns. Building a loyal customer base can help you generate repeat business and increase your sales over time.
Selling handmade products online can be a rewarding and profitable way to earn extra money while on short-term disability. With the right strategy and marketing tactics, you can turn your hobby into a successful business.
Renting Out Space
Renting out your space can be an easy way to make extra money while on short-term disability. There are many options available for those who want to rent out their extra space, including renting out a spare room, parking space, storage space, or even a backyard.
Here are some ideas to get you started:
- Airbnb: If you have an extra room in your home, you can rent it out on Airbnb. This platform allows you to list your space for short-term rentals, such as a weekend or a week. You can set your own price and availability, and Airbnb takes care of the payment processing.
- Neighbor: If you have extra storage space, you can rent it out on Neighbor. This platform allows you to list your storage space for rent, and you can set your own price and availability. Neighbor also offers insurance coverage for your property and your tenants’ belongings.
- StoreAtMyHouse: If you have extra space in your garage or backyard, you can rent it out on StoreAtMyHouse. This platform allows you to list your space for rent, and you can set your own price and availability. StoreAtMyHouse also offers insurance coverage for your property and your tenants’ belongings.
- Parking Spot: If you have an extra parking space, you can rent it out on Parking Spot. This platform allows you to list your space for rent, and you can set your own price and availability. Parking Spot also offers insurance coverage for your property and your tenants’ belongings.
Renting out your space can be a great way to make extra money while on short-term disability. However, it’s important to do your research and make sure you’re comfortable with the platform you choose. Make sure to read the terms and conditions carefully, and don’t hesitate to ask questions if you’re unsure about anything.
Conclusion
If you are on short-term disability and looking for ways to make extra money, there are several options available. One of the easiest ways to earn some extra cash is by taking surveys online. There are many websites that offer paid surveys, and you can earn points that can be converted into cash.
Another option is to sell items on eBay or other online marketplaces. You can also perform work for family and friends, such as babysitting or pet-sitting. Even a few hours of work per week can help you earn some extra dollars.
If you have a skill or talent, you can also consider offering your services online. For example, if you are good at graphic design, you can offer your services on websites like Fiverr or Upwork. You can also offer tutoring services or teach a skill that you are good at.
It’s important to remember that while these options can help you earn some extra money, they may not be enough to replace your regular income. Be sure to check with your employer and insurance provider to understand the terms and conditions of your short-term disability benefits.
In conclusion, there are several ways to make extra money while on short-term disability. By taking advantage of online surveys, selling items online, performing work for family and friends, offering your services online, or teaching a skill, you can earn some extra cash to help make ends meet.