Are you looking for ways to improve your financial situation as easily as possible? If so, you’re in the right place.
Here are my 5 go-to tried and tested methods for improving my finances.
1. Selling Unwanted Clutter
Now obviously this relies on you having things to sell, but if you do, the likes of eBay, Gumtree, Schpock and Facebook Marketplace have the potential to be your best friend. These are all places where you can list items for sale very quickly and easily.
While eBay will put your items in front of the largest audience possible, Gumtree, Schpock and Facebook Marketplace make it much more accessible for local people to buy with ease. I’ve had great success with selling on Facebook Marketplace lately, selling a Fitbit, splashback wall tiles, a living room storage unit and some old clothing that I no longer wear. It’s an extremely satisfying feeling when you clear stuff you no longer need and make some money in the process!
If you genuinely don’t have anything to sell, then check in with family and friends to see if they have anything they’re wanting to get rid of. Offer to sell it for them and take a small % of the sale. This is extremely effective if you have older family members who may not have access to a computer or the internet – they also tend to have a lot of stuff lying about in storage, some of which might be pretty valuable given its age. Just make sure that you’re checking the value of what you’re selling first so you don’t go cutting yourself short!
Unused Mobile Phones?
Make sure to check for any unused mobile phones that you might have lying around and see what the going rate is online. If the mobile still works and is in relatively good condition then the chances are you can make some decent money with it.
Check the sites I mentioned above for the same make and model of phone you’re selling. Find one that’s the same or similar condition as your one. You can then begin to gauge the average selling price. If none of those options looks attractive, then check out a mobile phone recycling service such as www.compareandrecycle.co.uk and enter the details of your phone there. You will get a list of results back showing what each recycling company will offer you for your handset. Find the company offering the most money and then use a cashback site to search specifically for that company. If they have a valid cashback offer then click to them via the cashback site and submit the info. required in order for you to trade in your handset. This way you’ll not only earn money from the sale of the phone, but you’ll also earn cashback too.
I’ve done this many times, and not just with my mobile phones either – check with people close to you to see if they have phones they’re willing to get rid of too! I recently did this with my old iPhone 6 and earned £112 plus £6 cashback = £118 for an old phone that I just had lying around. I’ve sold on old handsets for both my Mum and fiance too.
2. Stopping Unnecessary Spending
Simple right? You want to start improving your finances, well stop spending your damn money! I know, this isn’t always possible, you’ve got bills to pay etc etc… Well, guess what, we’ve all got bills to pay!
Remember this, you’re not always in control of what you can earn, but you are completely in control of what you spend!
Stop buying so many brand names, start shopping at the likes of Lidl or Aldi, make up cheap lunches and bring them to work instead of going out spending money every single lunchtime. There are opportunities for cutting back and saving money everywhere you look.
Something I’ve been doing lately is buying Sainsbury’s 40p soups and a loaf of bread for my week worth of lunches. This works out to £2.80 for the week! (0.40p multiplied by 5 = £2.00 + 0.80p for a small loaf of bread = £2.80 lunches for the week!) much cheaper than going out and buying a hot panini meal deal every day like some people I know. For comparison sake, the panini meal deal costs double what my week worth of lunches cost – and that’s just for a single day!
3. Gather Loose Change for Deposit
You know all that loose change you have lying around? In your car, under your seats, in random plastic containers hidden away in cupboards – maybe in your piggy bank if you’re actually organised? Well, it’s time to start accumulating all that change in one place. Get some of those plastic money bags from the post office. Start bagging up your loose change, then deposit into your bank.
Don’t bother with those automatic coin counting machines that you see in the supermarkets (CoinStar for example) – they end up taking anything from 10-17.5p per pound counted! What a waste of money. Instead, count the money yourself, bag it up and get your lazy ass down to the bank to make the deposit. It’s much more satisfying this way too. Cha-Ching!
4. Take Part in Paid Work Online
It’s 2018 and the online world is booming! There are literally hundreds of opportunities online for making money. The problem is sorting through all the legit shit from the not so legit shit.
For starters, check out the likes of CashCrate and Qmee.com – get yourself signed up and start working away whenever you have some free time. Note – this is not a get rich quick scheme. Put the work in and make a decent effort at it you can definitely add additional money to your income.
A word of warning – don’t try and game these systems because that rarely works. You will likely get caught out and lose any potential money that you could’ve otherwise earned.
Follow the rules, do the work when you can and watch the money pile up.
5. Take Advantage of Online Cashback
I’ve written a lot about cashback on this website already. Check out What is cashback and Making the most out of cashback for more information if you so wish. For now though, let me just reiterate that you should definitely be taking advantage of cashback websites! It’s an absolute no-brainer. The potential earnings are huge, especially if you focus on what I call the big wins. These are things like your insurance, TV/broadband packages, holidays etc… Start purchasing via cashback sites now and you definitely won’t regret it. Just make it a habit to check in with a cashback website, such as Quidco, anytime before making a purchase. Watch that cashback money pile grow!
So there we have it, my 5 easiest go-to methods for improving my financial situation. I hope they’re able to help you as well.
Which one is your favourite? Let me know in the comments below, and feel free to leave your own ideas too. I look forward to reading them.