How to make money quickly
From selling your unwanted gadgets to renting out your driveway, we look at some of the easiest and most effective ways to raise cash quickly.
We all have times when we need extra money quickly – whether it’s to pay a large bill, cover an unexpected expense such as a car repair or boiler replacement, or to cover the cost of Christmas. Luckily there are some easy and effective ways to raise some cash fast.
Sell your valuables
Many of us have valuables hanging around at home whether it’s expensive jewelry that we never wear or fancy gadgets and equipment that we no longer use. If you’re in need of money, selling these redundant items will help you to raise cash quickly and easily. The rise of online marketplaces such as eBay, Gumtree and Facebook Marketplace has made it really easy to sell these kinds of items online. However, it’s also worth checking out specialist dealers like Worldwide Camera Exchange which often offer premium prices for good quality equipment. When it comes to selling watches it’s always wise to get a watch valuation done to ensure that you sell it for the right price.
Share your skills
We all have skills that other people may find useful, so why not put yours to good use and earn some extra cash? If you’re great at DIY, websites such as Taskrabbit can help connect you with people who need odd jobs done, while people with skills and experience in marketing, graphic design or writing can often find work on sites such as peopleperhour and Fiverr. You can also make money by helping people with everyday tasks such as mowing the lawn or dog walking. Ask your neighbors if they need anything done or put up an advertisement in your local shop.
Rent out space
Any spare space you have could turn out to be a valuable asset. Under the government’s ‘rent-a-room’ scheme you can earn up to £7,500 tax-free when you rent out a room to a lodger. If you don’t have a spare room, or would prefer not to have a stranger living in your house, how about renting out your parking space or driveway? List your space and set your price on a website such as Just Park and you could potentially make over £1,000 a year – just don’t forget to declare it as taxable income.
Attend a car boot sale
Car boot sales are a great way of getting rid of your old, unwanted stuff and making some money at the same time. Find a car boot sale that’s near to you and take a look through your belongings to identify items that other people might want to buy – popular items include toys, books, DVDs, furniture, clothes, and ornaments. To entice people to your stall, make sure you spend some time making your stall look attractive and try to get there early to nab a good spot.
One of the easiest and quickest ways to make some extra money is to switch bank accounts. These days many banks will pay anywhere up to £150 simply for the pleasure of having your business. It’s hassle free and usually takes just seven days to switch. Each bank offers something slightly different so take the time to do some research to make sure you are getting the best deal for you.
There are lots of options out there when it comes to raising money in a hurry. And with hard work, creativity, or simply a good clear-out you can give your bank balance a welcome boost.