My monthly pay check just about covers all of life’s essentials; from bills to rent to food to bills. I ask a lot of this modest little pay check and yet, at the end of each month, I am still hopeful of some money left over to transfer to my savings account or spend on myself. However, more months than not, I find myself without a penny to spare and so, in order to combat this, I have begun to generate some extra cash in my own time.
Easy, effective and virtually effortless – the following tips are inclusive to all and will ensure that there will always be a little pot of gold waiting for you at the end of each month after all of the essentials have been covered.
Sell unwanted clothing on EBay
To all those with a penchant for hoarding: the host of spur-of the-moment purchases and unwanted presents that accumulate over the years have the potential to become a retail goldmine through the power of selling on EBay. These items need not be discarded at the back of your wardrobe with the false promise of being worn one day – someone out there will want them right now and they are ready to pledge the cash to prove it. Selling your old clothes on EBay serves as an ideal way of clearing space in your wardrobe and justifying new purchases – out with the old and in with new!
Tutor for an hour or two each week
Capitalise on years of studying hard at school and university and turn your knowledge into cash by offering to tutor in your local area. Private tutors who specialise in subjects such as maths, sciences, and languages are in high-demand and can earn between £20 and £30 per hour. In essence, dedicating a couple of evenings to tutoring could see you pocketing around £100 extra each week to spend as you wish.
Turn a skill into a freelancing opportunity
Make money out of what you already love doing in your spare time and get paid for it. All of us have a skill or hobby that we love to do and garner praise for doing it well so why not financially optimise this and put a price on your expertise? If your interest lies in photography; start out taking photos at a friend’s wedding. If you are skilled in craft; why not bake, paint or make jewellery to sell at an upcoming local fair? Or perhaps your passion is fitness; offer up a personal training programme to friends and family and word will soon spread. Whatever your interest – there is a way to make quick and easy money out of something you enjoy and are already doing for free.
Swap to a high-interest current account
Check the rate of interest on your current account – if your bank pays a low rate of interest then opt for a better one which allows you to capitalise on your interest each month. Further to gaining a little more each month in the form of interest, some banks offer cash rewards for switching accounts which equates to instant riches in your account!
Make money while spending online
When making a purchase online, always use cashback websites like Quidco and TopCashBack. By accessing a retailer’s online store via one of these, you are able to claim back a percentage of the cost of everything you buy. From holidays to clothes to mobile phones – cashback sites will ensure your post-purchase pocket is never empty; either easing the guilt of an expensive splurge or adding a bit of sparkle to an everyday purchase.
Rhona, a Marketing & Spanish graduate with a keen interest in photograph-taking, jewellery-making and money-saving. She currently writes for Spend It Like Beckham