October saw the number of unemployed Romanians jump to 4.0%, according to See News. There were 370,000 jobless individuals in the country in October, up by 15,000 compared to September’s figures. With growing unemployment, it’s only natural for people to seek out ways to generate an income from the comfort of their home and, in turn, boost their credit score.
Use your home to make cash
Your home is your biggest asset, so why not use it make some much-needed cash? Romania has the highest number of homeowners throughout the entire EU, according to Romania Insider. 95% of Romanians own their own property, with 98.5% of individuals in the 55 to 64 age bracket, having their own abode. Releasing equity from your property is a quick and effective way to get your hands on a lump sum of cash. By doing this, you’ll receive thousands which can be used to enjoy a much-needed holiday, to train in a new career or for day-to-day living expenses. You can even use the money from refinancing to carry out some home repairs to boost the value of your home.
E-commerce in Romania is a growing trend. There are currently 10.26 million Romanians who shop online. However, this is expected to rise to 13.76 million by 2022. Now is the perfect time to set up an online shop and get a piece of the online money-making action. Consider having a clear out and selling the household and personal items that you no longer need or use. Alternatively, turn your hobby of making arts and crafts into a side hustle by showcasing and selling your hard work to the nation via the net.
Make money from your knowledge
Romania’s education system is a rapidly expanding one, meaning individuals are gaining better skills and qualifications. And, there are plenty of people both in Romania and across the world who will pay for a piece of your knowledge. Therefore, if you’re trained in a specialist area, have excellent English language skills or can create a website from scratch, consider selling your knowledge via a payable online course. Another option to become a tutor in your local area and aid those who live nearby.
If you’re one of the many Romanians currently out of work, it’s wise to look into ways you can make money from home to tide you over. By releasing equity from your property, selling goods online and making cash from your knowledge, you’ll be able to support yourself until you find permanent employment.