…IDEAL for a side hustle or if you’re saving up for something special.
Whether you have a 9-5 job, are a freelancer or student, that necessity for a little extra cash in 2020 is a certainty. Perhaps you’re saving for a house deposit, are expecting a child or simply want to take a weekend away to kick back. When you’re already working hard to make ends meet, it can feel tough to take on more ‘work’.
But making extra cash doesn’t necessarily have to be time consuming or difficult. By being money savvy and thinking cleverly, you can earn some pocket money to see you right this year. With that in mind, here are 5 ways to make a little extra cash, IDEAL for a side hustle or if you’re saving up for something special.
SELL OLD CLOTHES
Plenty of us have more clothes than they need, with old items taking up prime wardrobe real estate whilst simultaneously gathering dust; not a sustainable situation, to be frank. So, why not sell on some of your clothes? There are plenty of different online outlets that you can use such as eBay, Depop or ASOS Marketplace, and branded clothes in a good condition could make a fair amount of money. What’s more, you’ll be contributing to a positive, circular fashion movement rather than adding to demand for new items, which in turn harms our planet.
STOCKS AND SHARES
Yep, you need some capital in the first place here, but a great way to make a little extra money on top of your job is by opening stocks and shares ISAs. These are a great way for UK residents to save or invest up to £20,000 tax-efficiently each year, and require minimal effort once they’ve been opened. Don’t expect the kickback to be enormous, but the interest accrued certainly qualifies as pocket money. You can now invest from different providers and platforms online and on app-based services. While there lots of stock apps out there, do your research and ensure that they are reputable.
RENT A ROOM
If you live in a decent-sized property with some empty space, why not rent a room to a lodger? This can be a great little earner, especially if you live in a popular area with plenty of students and young people. Although, come to think of it, if you live in a decent sized property with some empty space for a lodger, you’re probably not in need of pocket money. Oh well.
SURVEYS
Doing online surveys for money is another simple way to make a bit of extra cash. We should emphasise ‘a bit’ here; there’s no big bucks to be made. But plenty of companies value customer feedback so highly that they’re willing to pay for it, sometimes in cash and sometimes in vouchers or discounters. All you need to do is sign up, create a profile and get surveys to complete. You’ll need to complete loads to make anything qualifying as significant earnings, but every little helps, hey?
SOCIAL MEDIA
Luckily, in our modern, digitised, globalised age there are plenty of ways to make money without leaving the house. If you’re a pro at social media and have a good following, why not utilise your skills and make some extra cash? You can make money from your social media by blogging, promoting products or offering a paid service; just make sure you’re complying with the law in the process. It’s something you can do while on breaks at work, and if you’re online often anyway it won’t feel like much of a chore.