With the cost of living increasing, many of us are looking for ways in which we can save money this year. Now is the perfect opportunity to expand your income streams and start a side business. Not only can this earn you a bit of extra cash, but it can also give you some piece of mind and something to work towards.

Here are some of the best side hustles that you could start this year.

Start a blog

Blogging can be a successful side hustle. With low start-up expenses and flexibility, you can easily work this around a full-time job. Some ways to make your blog profitable is through affiliate marketing, sponsored content, display adverts, and the sale of both physical and digital goods.

Eventually, some bloggers find it so profitable that they are able to do this permanently. However, it can take a lot of hard work and consistency to get to this stage.

Still, not only can running a blog be profitable, but if you choose an industry or niche that you’re passionate about, it will hardly feel like work! This could be anything from a beauty blog to a blog about animals.

Private chef

Are you a great cook and enjoy preparing, trying new recipes and interacting with others? Then becoming a private chef may be the perfect job for you.  Although it may appear daunting, perfecting a few classic recipes and offering them is a great way to start. With time, you can further expand your menu.

To get started, make sure that you have all the right equipment, such as frying pans and a good kitchen knife set to help improve your efficiency and make the experience more enjoyable. Before looking for clients, trial by cooking for friends and family first to collect honest feedback.

Buy and sell furniture

Flipping furniture is an excellent method to supplement your income. The best part is that you can start from as low as £50 to buy the first piece of furniture to renovate. All you will need is a few simple tools, which you probably already have laying around the house. From kitchen tables to dressers and armchairs, you can transform any piece of furniture into a work of art that someone might be seeking.

Finding second-hand furniture is easy. Look on eBay, Facebook marketplace and your local charity shops. You can then readvertise on Ebay or Facebook marketplace. These platforms have little to no fees, so any money that you earn is yours to keep!