Delivery Driving to Earn Money in a Pandemic: What You Need to Consider

We’re currently in the middle of a worldwide pandemic, and many jobs have been affected. While some non-essential shops are opening back up and many people are able to get back to work, if you were laid off as a result of the coronavirus, or worked for a company that went bust as a result, you’re probably looking for a new way to make a living. Signing up to be a self-employed delivery driver is a great idea since it allows you to make money on your terms and there’s a demand for it in almost every town and city. But before you start this popular way of making money, be sure to keep the following in mind:

Safety

Of course, your safety is paramount whatever job you do, especially right now. Consider how you are going to be able to keep yourself safe from coronavirus while you are working. Bear in mind that since you are self-employed, you will be responsible for providing your own masks, gloves, hand sanitiser and any other personal protective equipment that you wish to wear on the job. 

Company

Which company will you sign up for to make food deliveries with? The big ones are Just Eat, Uber Eats and Deliveroo. Deliveroo and Uber Eats tend to use more self-employed delivery drivers. You will need to download the app where you can sign up as a driver; this is where you will see all the orders that are coming in and be able to choose which ones you want to collect and deliver.

Transport

Consider how you are going to get to and from restaurants to collect food and to customers’ houses. If you have a car or van, you can use your own vehicle, but if you don’t, you will need to get a form of transportation to use. Many food delivery drivers use bicycles, but bear in mind that cycling is slower than driving so you might not be able to pick up as many orders as you’d like. You might also be able to borrow somebody else’s vehicle to use, as long as you are insured to drive it for work. 

Insurance

Getting the right insurance is absolutely essential before you start. You will need to get a policy that covers you to drive for work; if you don’t have this, then essentially, you will be driving illegally every time you pick up an order. Most delivery companies like Deliveroo and Uber Eats will not allow you to start driving for them until you are able to prove that you have the right insurance for the vehicle that you plan to use. Search for the right insurance for you using Quotezone; all you need to do is enter your details and be sure to select Deliveroo insurance or similar so that you can compare all the suitable policies. Or, if you are already insured to drive your car for personal use, contact your insurer and add Deliveroo insurance on for the period that you plan to be doing the job. 

In the middle of a worldwide pandemic, working as a food delivery driver can be a great way to earn money that allows you to continue socially distancing.

Emergency Money: 5 Best Borrowing Options for Financial Emergencies

According to statistics, the average American household carries over $100,000 in debt. 

This speaks of how important money is for Americans to pay for expenses they may not be able to afford. It also speaks of how important it is to learn the various ways to stay out of debt. 

Part of the answer to staying out of debt is having emergency money. 

Emergency funds, also known as rainy day funds, is nothing but a backup so you don’t have to put money on the credit card. It’s a relief system. It gives you some financial stability in case something unexpected happens. 

Here’s a guide on the 5 best borrowing options for financial emergencies. Now you can feel financially secure with these incredible borrowing options and payback without drowning in debt. 

1. Cash Advance Loans

A cash advance loan option is often short-term and can help you get an emergency loan.  Some terms can only be about a week or two, or you can find cash advance options that offer a repayment option within 3-months. 

2. Personal Loans

Irrespective of your credit score, some lenders offer quick personal loans that you can use for any purpose you like. A personal loan helps you get a specific amount at a specific rate. 

You can also get a personal loan for a small amount of money. Based on your credit, you can get a loan for an emergency situation based on what you need. 

3. Payday Loans

This is another great emergency loan option. Payday loans are paid back all at once on your next payday. 

Although they can have interest rates, payday loans are a great option when you need money right away and you can pay it back quickly. 

4. Low-Interest Credit Cards

Finding a low-interest credit card, preferably around 0%, gives you the option to borrow money with a credit card and pay it back in 6-months or however long before it starts accruing interest. 

Just remember, applying for a credit card means it will result in a hard inquiry, which can lower your credit score.

5. Home Equity Line of Credit 

Lastly, a home equity line of credit is when you use your home as collateral when you are paying for a loan. This gives you some flexibility if you have a home and need financial assistance. 

Just be aware of how soon you need to pay back the loan. You should also keep an eye on the interest rate of the loan, so you aren’t paying way more than what you originally borrowed.  

Why Emergency Money Isn’t an Option, It’s a Necessity

Emergency loan help is always available, it’s just a matter of finding where it is. 

You don’t want to get stuck with credit cards or forms of emergency money that will leave you a worse situation than before you borrowed the money.

You can also still find ways to get emergency loans with bad credit, no payback loans, and other forms of loans. You just have to be willing to find and apply to them. 

You can learn more about managing your money and financial tips on our website or by contacting us.