If you're tired of sticking your hand down the back of the sofa, both physically and metaphorically, looking for spare change or a chase you forgot you had. It's about time you started looking for ways you can boost your income and generate a bit more cash to fill that bank balance.
However, making more money is easier said than done for some people. Those with children or who have chronic health issues, for example, who cannot physically do more work, often struggle to generate extra cash. But these tips offer a glimmer of hope, a way to fill their pockets and boost their quality of life without taking on additional work.
If you're looking to boost your bank balance without taking on a full-time side hustle, these tips could be exactly what you're looking for. They're simple, straightforward, and can be easily integrated into your daily routine.
Claim Back Money on Past Purchase Agreements
These days, being able to claim back money from issued financial agreements can earn you quite a bit of cashback. While the terms can vary, and you're not always guaranteed to get anything back, it's worth checking and doesn't take up too much of your time.
From payday loans to credit cards and car finance, a wide range of financial products have been deemed to be mis-sold. So, whether you are eligible for HP Refunds or can claim against a predatory payday loan company, look at what you might be entitled to to get some money back.
Sell Items
Not a new one or innovative option, but then again, they don't need to be innovative. They just need to work. You're likely holding many items of value in your home that aren't benign used or required, meaning you may as well sell them to someone else who can use them.
Sites like eBay allow you to feel pretty much anything while vinted or preloved, and they are ideal for selling old clothing. Sites like Money Magpie are great for old books or CDs, DVDs, etc, and second-hand retailers on the high street. Cash Convertors or CEX can buy unwanted items from you if you prefer to do it in person.
Mystery Shopping
Mystery shopping, a simple and flexible way to earn money, involves visiting specific retailers to perform tasks and then reporting your experiences. You can earn varying amounts depending on the task and the company, making it a great way to earn while you shop.
Cashback Apps
On the spending theme, if you make a lot of purchases, even your general food shopping, you can earn cashback by shopping via third-party apps. This means you need to sign up for one of the many money-saving apps, and then when you purchase, you go and find the retailer on their site, check out the offers, click through their specific link and shop to receive cashback. How much you can earn depends on how much you shop and what you purchase, but over the year, it can add up greatly, especially if you do things like take out insurance premiums, switch household bills via their service or take on new phone contracts, etc.
Sell Your Skills
Lastly, identifying your skill set or expertise can help you create a viable income by using them to help others, so maybe they aren't as good or don't have the time to carry this out. It might be that you are an excellent photographer, so you can't keep pictures on the side or sell images of stock sites for others to buy. You might find that you are excellent at giving advice and support. You can become a coach in a specific area to help others out when they need it. You might find that you are great at whipping up digital images or artwork so you can sell digital creations online or that you simply share your knitting hobby with those online and generate ad hoc orders as you wish or earn money via affiliate marketing or views to help you create more money.
These tips are not just about making money; they're about taking control of your financial situation. They offer a way to boost your income without taking on extra work, fitting in with your lifestyle and giving you the flexibility to create extra money when you need it. While not all of these will generate an ongoing income, they are easy to do and can help you free up cash that would otherwise be wasted.