10 More Ways to Increase Your Cash Flow After Retirement

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8. Be a Mystery Shopper

Mystery shopping can be a perfect way to earn a little money if you already shop at the mall, frequently eat at restaurants or enjoy other experiences. So, how exactly does it work? In exchange for your honest opinions, businesses will reimburse you for the money you’ve spent, resulting in free items and food. Some will even offer cash rewards.

While this won’t earn you tons of money, it’s a great way to get things that you’d normally buy for free. If you’re a mystery shopper at a restaurant, for example, you’ll get a free meal in exchange for your feedback on wait-service and food.

As well as shopping and eating out, you can also get free treatments at spas, watch movies at theatres, go to concerts and even test drive sports cars. To sign up, visit the Mystery Shopping Providers Association.

9. Earn Cash Running Errands

Time is something that a lot of people don’t have. But once you’re retired this is no longer an issue, in fact, you can use this to make money. You could start running errands for others to earn some extra cash.

Tasks of this nature include grocery shopping, visiting the post office, and tackling tasks on other people’s to-do lists. And while you are taking care of other people’s errands you can do your own too. If you are picking up groceries for somebody, pick up yours too. This way you can get paid to go about your everyday tasks.

Typical errand runners charge between $15 -$45 depending on the location and task. It’s small town folk that earns lower rates, with city dwellers charging more. This is a very easy business to set-up as it requires no special skills or training.

10. Sell Your Possessions

To make some extra cash, it’s always a good idea to sell your possessions. And by now, you’ve probably racked up a lot of things you don’t need. This is also a perfect thing to do if you’ve decided to downsize your home. Raid the garage, kitchen, cupboard and your closet for things that you can sell.

You can sell your items in many places, from holding a weekend garage sale or listing them online. If you’re thinking of the latter, you’ve got a few options. Many communities have Facebook selling pages where people in your area can buy and sell from one another.

Don’t have Facebook? Don’t worry, you can use Craigslist instead. By using the internet you’ll have a wider audience which means more potential to make a sale. If you’re looking to part with something of value or collector’s items, eBay will make the perfect marketplace for this.