- Sell things you don’t use
- Vinted, eBay and Facebook Marketplace.
- Clothes, old phones, games, tools and furniture can quickly turn clutter into £100–£500+.
- Cashback stacking
- Before buying something you already need, check cashback sites/apps and retailer offers.
- Combine a legitimate cashback offer with a discount code or sale where the terms allow it.
- Switch bank accounts
- UK banks regularly offer switching incentives.
- If you’re eligible, moving an account you don’t really use can potentially produce a few hundred pounds for relatively little work.
- Use savings interest strategically
- If you’ve got a substantial cash balance, even a small rate difference matters.
- For example, £25,000 at 4.5% = about £1,125 gross interest per year if the rate stayed constant.
- Buy supermarket gift cards strategically
- Some legitimate reward/cashback schemes give you money back for purchases you were going to make anyway.
- Don’t buy something merely because it offers cashback.
- Look for recurring expenses to eliminate
- Insurance, broadband, phone contracts, subscriptions and energy are particularly worth checking.
- Saving £50/month is effectively £600/year of extra disposable income.
- Overtime can beat side hustles
- If your employer offers overtime at a decent rate, calculate the after-tax return before spending hours on a new side hustle.
- £200 of extra earnings for a few hours can be considerably more useful than spending weeks trying to make £20 online
Leave a comment