If you are looking for extra ways of making money, then the good news is there are some things you can do. There’s no sure-fire way to get rich quick, but there are ways that you could earn a little bit more cash.
Here are 5 top tips for boosting your income:
Earning cash back is a fantastic way of generating extra money just for buying items you were planning on buying anyway. Sign up for cashback sites like Quidco and Topcashback. These companies give you cashback if you visit a site via their site and make a purchase.
Join supermarket loyalty schemes that offer cashback where you can collect points to spend in-store.
Many companies are interested in ideas, feedback and opinions about their products and services. You can find numerous websites that will pay you a small fee to complete online surveys, view videos or provide feedback. You may also be able to find opportunities to be a mystery shopper or receive free samples in return for an honest review.
Although you probably won’t earn large amounts, giving feedback can be fun and the small amounts can soon add up.
Clear out your house, shed or garage and sell any items you no longer use on sites like eBay or Facebook Marketplace. You could even take your unwanted items to a local car boot sale. Items that people buy second-hand include:
Items in good condition are more likely to sell, but some people will buy damaged items if they can recycle or fix them.
Lifestyle magazines like’ Take a Break’, ‘Love It’, ‘Pick Me Up’ and ‘Chat’ pay for tips and tricks, letters, funny photos or real-life stories. Some offer up to £100 for a photo and £2000 for a true story. You could even try your luck at one of their free competitions.
If you are looking for ways to supplement your income then there are plenty of paid tasks you can do from home such as research, data entry and general admin. Some companies outsource writing and proofreading tasks to save time, and if you are multi-lingual, then you could earn money for translating. Check out sites like Fivrr, Upwork and PeoplePerHour where you can bid for projects on a freelance basis.
None of the above suggestions are guaranteed ways of making money but they might work for you if you have the time to dedicate.
Don’t forget to tell the tax-man
You should report any earnings to make sure you are paying the correct tax. Even if you don’t think you will earn over your personal tax allowance, it is better to report your income to make sure you aren’t breaking any rules.
Making money, budgeting effectively and setting part of your income aside for emergencies is the ideal scenario. Unfortunately, it isn’t always easy to prepare for every possible situation and life can be full of surprises.
Morses Club provide cash loans to help cover those unexpected costs when they arise. This course of action isn’t right for everyone, so we recommend that you read our information on cash loans before deciding whether to apply.
Representative Example: £200 loan repayable over 20 weeks at £15 per week , Rate of Interest 50% fixed, Representative 756.5% APR, Total Amount Payable is £300