Pocket an Extra $100 Per Week With These 7 Money Moves

Imagine what you could do with an extra $100 each week. Either via a side gig or just tightening your purse strings, you could use it to save up for that down payment — put it towards your dream vacation or even pay off student loans. The possibilities are endless. 

GOBankingRates discovered one simple hack to net you over $400 monthly: raising your credit score. Turns out, boosting your score from 620 to 760 can save you $323 a month on a $300,000 mortgage–all you have to do is start building up your credit score. 

Experts note that making an extra $100 a week is about discovering new opportunities as it is about understanding your capabilities. The key is not putting all your eggs in one basket but diversifying your efforts.

If you’re looking for other ways to pocket some extra cash, below are their top recommended ways to net you $100 weekly.

“My best tip for this would just be to go back through your monthly budget and trim the fat,” said David Kemmerer, CEO of CoinLedger. “In my experience, people have more bloat in their budget than they’re necessarily aware of.”

He says even people living paycheck-to-paycheck often have a few things they could cut to pull in that extra $100 weekly. 

“This could come in the form of streaming services you’re not really using anymore, or even bills you can negotiate for a lower rate.” 

“Many don’t realize the cumulative potential of small savings,” said Mike Kojonen, financial advisor and owner of Principal Preservation Services.

By reviewing and adjusting utilities, subscriptions, and insurance, he says you can often uncover savings amounting to $100 or more per week. 

“A specific tactic is to annually negotiate or switch service providers for internet, cable, and cell phone services, which can yield substantial immediate and ongoing savings.”

Andy Chang, founder and CEO of The Credit Review, recommends optimizing savings accounts by switching to high-yield options to significantly boost interest earnings. 

“Even a 1% increase can translate into noticeable weekly earnings, depending on the initial savings balance.”

Additionally, by implementing a proactive credit card rewards strategy, you can convert everyday expenses into lucrative cash back or rewards, earning an extra $100 through strategic spending. 

One of the easiest ways to make some extra cash is to start investing, says Jake Hill, finance expert and CEO of DebtHammer.

“Depending on your comfort level, you can choose a no-risk option such as a CD, low-to-moderate risk investments such as money market funds, or try your hand at investing in stocks,” Hill said.

“I always recommend creating a portfolio that incorporates assets with varying degrees of risk,” he explained. “This allows you to enjoy the high returns that riskier investments can bring while mitigating potential losses with more stable investments.”

According to Dennis Shirshikov, head of growth at Awning, this is a money move worth looking into.

“Platforms now allow individuals to invest spare change from daily transactions,” Shirshikov said. “Imagine your morning coffee purchase rounds up to the nearest dollar, with the difference funneled into a diversified investment portfolio.”

Over time, these small contributions can grow substantially, especially when considering compounding interest. 

“Anecdotal evidence suggests users can see returns that contribute significantly towards a $100 weekly target, contingent upon market conditions and investment choices.”

“I think this is an area where ‘gig economy’ jobs can come in handy,” said Carter Seuthe, CEO of Credit Summit Debt Consolidation. “It’s pretty easy to pick up an extra $100 per week just by working a few shifts as a grocery or takeout delivery driver, especially if you know the most popular times of day and can focus your efforts there.”

“You could even do something like transcription or other freelance work online to make a few extra dollars to supplement your weekly salary,” Seuthe said.

Ann Martin, director of operations of CreditDonkey, adds that the important thing here is to focus on finding a side gig that fits your lifestyle and isn’t excessively time-consuming. 

For example, she says online tutoring is a great way to pocket $100 (or more) without a major time commitment. 

“Another option is to monetize one of your creative hobbies. For instance, you could sell handmade crafts online to earn extra money,” Martin said.

Other experts recommend a different approach.

Instead of the usual ride-sharing or food delivery services, Shirshikov suggests leveraging specialized skills or hobbies. 

“For instance, if you’re adept at graphic design, online marketplaces exist where you can sell your designs on merchandise,” Shirshikov said.

He says this approach capitalizes on your unique skills but offers potentially higher earnings for less time invested in more traditional gig jobs.

Embarking on a content creation journey, whether it’s through YouTube, TikTok, or Instagram, is often a rollercoaster of creativity and learning. While it’s a path that requires patience and persistence, the potential for ad revenue, sponsorships, and affiliate marketing can be lucrative.

According to Shirshikov, ‘renting out’ digital assets might seem novel but is increasingly viable.

“If you own a blog, YouTube channel, or even a popular social media account, consider partnerships or sponsored content opportunities,” he said.

He says these can provide a steady income stream when managed effectively, easily contributing to or surpassing your $100-a-week goal. 

“An engaging anecdote is the story of a blogger who rented out ad space on their site to a local business, resulting in a steady monthly income that far exceeded their initial projections.”