Too many of us let cash languish in accounts or in products paying rotten returns. Shake off this laziness to give yourself better returns, and hunt down any forgotten funds or concealed cash. You may be amazed at what you find.
1.
Give yourself a 25% pay rise
There's nowt more powerful than sorting out your own finances. By shifting to the best deal on every product you can give yourself as much cash as a 25% pay rise, without cutting back. Before anything else, this is the most important starting point.
How much? The average UK family should be able to gain £2,500 to £5,000 a year doing this.
How do I do it? Use the step-by-step Money Makeover guide.
2.
Get paid every time you spend
Cashback credit cards pay you back a proportion of what you spend each time you use them.
So set up a direct debit to pay it off in full each month, so there's no interest cost, and you can earn. Just use the card for all your normal spending and you'll make money.
How much? The top cards pay 5% cashback for the first three months, others give 3% on petrol and diesel spending.
How do I do it? Use the Top Cashback Cards guide.
3.
Don't accept pitiful savings rates
If you've got savings, ensure they're working well for you. Many people leave their savings in pitiful high street bank accounts where the money is actually shrinking.
Even worse, you may have it in a current account earning just 0.1%. Stop this — five minutes' work'll let you increase the interest massively.
How much? For every £5,000 you have in a top savings account, as a basic rate taxpayer you'd earn £120 a year more than in a poor account.
4.
Always pay off debts with savings
Most people who try to save while they're in debt are simply throwing their money away; even if the debt is a mortgage.
The amount of interest you pay to borrow is much more than you earn on your savings, so pay the debt off with your savings and you're quids in.
How much? Someone with £5,000 on a credit card and £5,000 saved is likely to be £700 a year better off by paying off the debt with the savings.
Find out more: Read the full Should I Pay Off My Debts?, Should I Pay Off My Student Loan? and Should I Pay Off My Mortgage? guides.
5.
Get all benefits/state pension
There's a plethora of benefits available — the key is working out whether you're entitled to them. The rather nifty tool from benefits specialists Entitledto and Turn2Us in our Benefits Checkup guide does the work for you. It has a regularly updated calculator that works out everything you can get in one go.
Plus it may be possible to get more in your retirement by purchasing extra National Insurance Contributions (NICs) — though there are drawbacks here, so read the full State Pension Boosting guide.
How much? If you've a family income under £42,000 it's worth checking, but in rare cases families with £72,000 can qualify, as you could get any of working tax credit; council tax and housing benefit; pension credit; child benefit; child trust fund and child tax credit. Plus, by boosting your state pension, you could end up £1,000s better off.
6.
Use your credit rating to stooze
Many credit card companies are willing to lend you money at 0% interest, so why not use this cash for your everyday spending, replacing all other credit and debit card spending?
You'll now have debts on your 0% card (make sure you make the min repayment each month) and a similar amount in your current account, which you can save in a high interest ISA.
Pay off the full balance before the 0% ends, having earned interest on the money saved. This is known as stoozing. It's legal and can be profitable; yet it's only for the really financially savvy.
How much? This depends on what you'd normally spend. It's this amount that will be gaining interest in a top savings account, but if you stoozed £5,000 in a top rate ISA, you'd earn around £100 over the year.
How do I do it? Use the step-by-step Stoozing: Make Free Cash guide.
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Flog what you've got: De-clutter & sell it!
Whenever you finish using something, whether it's kids' clothes they've grown out of or embarrassing old CDs... flog it.
Remember, if the buyer requires you to send items via registered or special delivery, this is an additional cost you need to take into account when calculating if it's worth it.
7.
Mobiles
Cameras, other MP3 players, sat navs, games consoles
Laptops
Recycle old mobiles, laptops, cameras, sat-navs and more
This is the easiest form of decluttering, as there's a whole industry set up to help.
If you've unwanted gadgets, such as mobiles, cameras or MP3 players, or even fridges lying around the house, several firms will happily take the relegated beast off your hands.
Not only could this bag you £100s but, by not throwing it out with the rubbish, you'll also be doing your bit for the environment.
Not only could this bag you £100s but, by not throwing it out with the rubbish, you'll also be doing your bit for the environment.
How recycling companies work
The idea is simple. You go to the website, find your gadget and it'll tell you what you can get for it. If you agree, it'll send you a freepost bag. You then send the gadget to it (make sure you send it registered) and the cash will be transferred or you'll receive a cheque. Some sites even arrange free collection for heavy items.
The idea is simple. You go to the website, find your gadget and it'll tell you what you can get for it. If you agree, it'll send you a freepost bag. You then send the gadget to it (make sure you send it registered) and the cash will be transferred or you'll receive a cheque. Some sites even arrange free collection for heavy items.
Mobiles
How much? It depends on the phone and demand, but some of the higher-end handsets will easily net more than £150 - more for some models. It only takes five minutes to check out what yours is worth.
How do I do it? Use MSE's MobileValuer.com: Compare mobile sellers to quickly find the top payer.
iPods
How much? Up to about £100 at the top level, depending on your model.
How do I do it? Do an iPod selling comparison on MobileValuer.
Cameras, other MP3 players, sat navs, games consoles
How much? Cameras get about £40 (more for snazzier models), sat navs up to about £50 and games consoles about £50. It really depends on the make and model though, as prices vary widely.
How do I do it? Use the MobileValuer - just select the type of item you've got from the list along the top of the page.
Laptops
How much? It varies, but generally you can get up to about £80 for an old laptop in top condition. Apples command a higher price, with excellent condition Macbook Pros getting up to about £400.
How do I do it? There aren't many recycling sites that include laptops, although we've a few listed in our MobileValuer.
Beat recycling sites with eBay
A thriving old gadget market on eBay could earn you up to about 20-30% more than the best recycling sites.
Alternatively, use eBay to get a rough idea of what a fair price is. Simply search for an identical phone to yours - preferably in similar condition - and check what price it's going for (though do factor in selling charges). See the eBay Selling Tricks guide.
8.
De-junk your house the MoneySaving way
It's time to rumble through your cupboards to de-junk and make some dosh. The obvious place to sell is online auction site eBay*, but there are other options too.
How much? Dedicated sellers make £100s on the side.
Top Tips: Wait for eBay free listing weekends if you can. This way, even if a few things don't sell, you won't be out of pocket — and you'll maximise your profit margin. Best of all, you get to enjoy a relaxed, clutter-free home.
Try grouping things together, so if you're selling baby clothes, rather than listing each item one at a time, sell them in bundles of similar sizes and quality. People tend to prefer buying in bulk.
Books: Amazon is one of the best options for selling old books (unless they are especially rare or collectable), since you need only search for the book and write a short description. Amazon will provide full synopses and reviews of most from its database. If you're listing a few in one go, this can save you a lot of time.
Plus Amazon marketplace listings last until all the items are sold, or until you close the listing. Listing books one-by-one on eBay may get you the most cash, but it'll take you some time.
Also popular with MoneySavers is online second-hand bookshop Green Metropolis. All books cost £3.75, of which the site pays sellers £3. The £3 must cover your postage costs too, though you're allowed to add an extra fee for heavy books.
Find out more. Join the discussion and read other MoneySavers' top suggestions or add your own in the De-clutter the MoneySaving way thread and get more hints from theeBay, Auctions, Car Boot & Jumble Sales board.
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9.
Quicker cash for old CDs, DVDs & games
Music Magpie* pays cash for your old CDs, DVDs, computer games, Blu-rays (plus some tech items). The site is easy to use and gives instant quotes. Someone with loads to get rid of could speedily make extra money this way.
How do I do it?
Type in the barcodes on the site and it gives an instant cash price, though it asks you to trade in a minimum 10 at a time. If you accept the offer, just follow the on-screen instructions and it gives you freepost labels for posting.
Since it doesn't accept responsibility for non-delivery via this method, it could be worth sending it — depending on the value — by "Recorded Signed For" delivery. This insures it for up to £46 and costs 95p on top of usual postage.
Alternatively, Music Magpie also offers a free 'send service' via Collect+. You'll need to take the parcel to your local Collect+ shop, but this way you'll get free insurance up to the amount that it's offered for your items.
You then get paid by cheque upon receipt (items aren't returned if they fail basic quality checks though). It aims to send the cheque within seven days, though feedback from forumites suggests it can be much longer.
You then get paid by cheque upon receipt (items aren't returned if they fail basic quality checks though). It aims to send the cheque within seven days, though feedback from forumites suggests it can be much longer.
How much?
It depends on the title. As a rough guideline, you'll generally get up to about £1 for CDs, £2 for DVDs, £4 for Blu-rays and £15 for computer games, though it can be a lot less.
Can I do better elsewhere?
Yes. Though hoarders of '90s CD relics and games could make £100s on the side, for more recent items you may be better off selling 'em individually on eBay* or other auction sites. You may do better trading in computer games at high street game shops; check these too.
Where these websites win is on convenience. See the eBay Selling guide for how to maximise the price. Forumites report the process can take a few weeks from entering details to payment. Please add feedback in the Music Magpie discussion.
10.
Spot & flog from car boot/garage sales
If you've an eye for car booty, buy items cheaply at car boot sales, and sell them at a profit on eBay or other auction sites.
The big money lies in spotting collectables to sell on, so research online first or (subtly) use your mobile phone's web browser. Be sure to arrive early to beat other bargain hunters.
How much? The earning potential increases with your knowledge of rare items and collectable brands, and a little luck doesn't go amiss either. If you're in the right place at the right time, this could net you £100s extra a year.
Find out more. Read other MoneySavers' top suggestions or add your own in the Spot & flog on eBay thread. There's more hints, too, on the eBay, Auctions, Car Boot & Jumble Sales board.
11.
Sell your story
Journalists are always looking for dramatic stories. If you've been in an extreme situation or come close to death, or have any other gripping or extraordinary tales to tell about your life, why not get paid and have it published?
Many magazines also pay a premium for interesting letters and photographs. For example, Love It! magazine pays £15 if it prints a cute pic of your pet if you emailcute@loveitmagazine.co.uk, and £50 for topless pics of readers' fellas (men@loveitmagazine.co.uk - get his permission first!)
How much? A 'star letter' will usually fetch about £50, and stories can earn £150+. Even amusing photos can earn good cash prizes in some magazines.
Find out more: Join the discussion and read other MoneySavers' top suggestions or add your own in the Sell your story thread.
12.
Earn Tesco Clubcard points on your recycling
Save up your cans and instead of leaving them for the dustmen to carry away, take them to one of Tesco's automated recycling centres and you'll receive one point per two aluminium cans recycled. Or get 100 points per ink cartridge.
Check the list of Tesco stores with automated centres to see if you have one near you, go online to recycle ink cartridges. Clubcard points are worth 1p in store but up to four times as much if you redeem on goodies from the Tesco Clubcard deals brochure such as breakdown cover, days out and holidays away.
Read more about Tesco Clubcard: There's more on maximising Tesco Clubcard points in the Boost Tesco Points guide.
Find out more: Join the discussion and read other MoneySavers' top suggestions or add your own in the Clubcard points for recycling thread.
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Rent it out for cash
It's amazing what you can rent out for cash, especially if you live in a desirable area. Ensure you get the most out of your property; even your parking space can be profitable.
13.
Get cash for spare storage space
How does it work?
If you've unused space in a loft, garage or spare room, new website Storemates lets you rent out it to others looking for cheap storage. It's free to register, search and list, but charges a one-off fee of two weeks' rent (minimum £10) via Paypal if you find a successful match.
If you've unused space in a loft, garage or spare room, new website Storemates lets you rent out it to others looking for cheap storage. It's free to register, search and list, but charges a one-off fee of two weeks' rent (minimum £10) via Paypal if you find a successful match.
How much can you get?
You can charge what you like, but Storemates recommends charging 40-60% of commercial prices (see its price guide). So charging £10/week for 15 square feet of storage space could bring in over £500 a year. You can also opt to get paid in the form of a service, such as dog walking, DIY or gardening.
Is it worth doing?
Frankly, we've no idea — this is a brand new concept only fully launched in January 2012. While it could be an easy money spinner, equally it could be a total damp squib.
Please don't see its inclusion here as a recommendation, more a heads up about an interesting concept that's starting to get a lot of attention. If you do try it, please feed back in the Rent your storage space forum discussion.
How do I join?
Register on the Storemates website and list a storage space. If someone's interested, they'll contact you via the site and arrange to check out your space. It also provides a template contract to help sort the terms, but you need to arrange rent payment yourself.
Anything else to watch for?
Be prepared to settle any disputes yourself, and check you're comfortable with what's being stored. Don't agree to store valuables, and always check with your home insurance policy first in case you'll need to claim. This is because if you have to claim for damage to someone else's items, most standard insurance policies won't cover this.
The Association of British Insurers says: "Standard household policies will not usually cover any activity from activities at your home that bring in an income. In such cases you may need a separate business policy, although some insurers may be willing to extend your household cover.
"If you are renting out part of your home, the risk of a claim could rise (for example, letting to a photographer to store expensive equipment with increased theft risk). So the golden rule is to check the position with your insurer before you consider this."
14.
Rent out your parking area
If you live in an area where parking is expensive, yet have an empty parking space in your driveway, you could rent it on a monthly basis.
Online parking marketplaces, such as ParkatmyHouse*, will allow you to list your space in their databases and set your price.
You can also set restrictions on use if you're likely to need the space yourself at certain times. For full info on this, read the dedicated Parking Rental guide.
One thing to note though is that some more officious local councils may deem renting your parking space out 'a change of use' for the property, from residential to mixed residential/commercial use. It's a grey area, and you're unlikely to be pulled up, but if you are you may have to apply for planning permission to continue doing it.
How much? You should be able to take just slightly less than the going parking price in your area. Spaces in London generally go for about £200 per month or more, though security is also a factor in determining price. Do note, while listing a space is free, it takes a 15% commission fee when you successfully rent out your space.
Find out more: Read the dedicated Parking Rental guide, then join the discussion and read other MoneySavers' top suggestions or add your own in the Selling parking spacesdiscussion.
15.
Or your car ...
Owners' car rental site WhipCar gives private car owners the chance to rent out their motor to a neighbour for cash.
It sounds like a recipe for trouble, but the founders have reduced the risks by vetting all cars and checking drivers with the DVLA, holding card details for all parties, and offering eBay-like feedback profiles.
You may wonder how renting your car out will affect your insurance, but WhipCar has a special insurance package for the service.
The moment you accept a booking on your car its insurance supersedes yours for the duration of the hire, keeping your no-claims bonus intact in the event of damage. If you've tried it, do let other MoneySavers know how it went in the forum discussion as we've little feedback on it as yet.
How much? It varies depending on your car and location; a Smart ForFour in Battersea, London SW11 could command £6/hour, £21/day or £126/week for its owner.
Find out more: Join the WhipCar discussion.
16.
Rent out your house as a film location
Film and TV production teams are always on the lookout for homes and areas they can shoot in.
Your home needn't be palatial to qualify either; all shapes and sizes can be desired, and the rates of pay can be pretty good.
There are a number of online agencies that'll list your property for free (taking commission once your property is chosen for a shoot), see the forum discussion for suggestions and feedback. Never use any that charge a large upfront fee.
How much? It varies widely, but if your property's chosen, forumites report you can generally get up to about £500 for a day, though you may be able to get more. And you get to brag about it. Don't bank on being selected though; there are many more properties than film crews.
Find out more: Join the discussion and read other MoneySavers' top suggestions or add your own in the Rent out your house as a film location discussion.
17.
Take in a lodger or play guesthouse — tax free
The 'rent a room' scheme means you can take in a lodger to live in a furnished room in your home, and it has a special exemption meaning you won't have to pay tax on the first £4,250 you make each year.
This is a huge tax break for most people and really ups the gain. Better still, as a landlord you'll be expected to ask for a month in advance, which means ready cash comes in quickly.
If you don't want to do it full-time, you can play guesthouse. Airbnb and Wimdu allow you to list your spare room online, and take in travellers looking for a cheap place to stay. You can set the nightly cost, undercutting the local hotels, and you might just get to work on your language skills too.
How much? With a full-time lodger, you can take home £4,250 without paying a penny in tax. If you've a desirable property and don't mind paying income tax on anything above this, you could easily make more.
Find out more: Read the Government info on renting a room and see the forum's Take in a lodger discussion. For more on Airbnb etc, see the Rent a spare room discussion.
Earn wonga on the web
Either harness the internet's power to reach a massive audience for your specialised services, or take advantage of companies' need to market themselves by clicking onto countless web links and earning cash. You'll need dedication — and patience — to make the most of these tips, but the rewards could be more than worth it.
18.
Cashback shopping
When shopping online, click through to a shop via a 'cashback' site and it'll give you a small proportion (usually around 2% but up to 10%) of what you spend back in cash.
These are advertising sites, paid for by providing leads to retailers. To encourage traffic, they split some of their revenue with you in the form of cashback.
How much? £100s a year if you're a serious online buyer.
How do I do it? Use the Top Cashback Sites guide.
19.
Get paid to click
With cashback sites, you sign up, then click through them to a company to buy something or get financial products. They get paid for sending traffic and give some of this cash to you.
Yet you can also earn cash just for clicking links on the internet. Cashback websites give you a share of their ad-revenue, so when they're paid just for sending traffic, you can be paid just for clicking.
For example, Topcashback* pays £1.51 when you click through to get a Gocompare car insurance quote or 5p when you search for flights on Fly.com. Its specific 'Free Cashback' section lists the top offers.
How much? You can rack up to £20 a month just by clicking paid links in a good month, when lots of offers are available, as long as you're consistent with the routine. Set passwords on screen to make it easier.
How do I do it? Full info in the Top Cashback Sites guide.
PS: You can also click and give to charity. See The Hunger Site guide for more.
20.
Get paid to enter shops
Cashback site Quidco* has boosted its free Android andiPhone apps that let you earn cash on the go. Walk into shops with your mobile and you get 10p-50p a time - without so much as getting your wallet out. Better still, the number of retailers included has jumped from seven to 70.
If you're new to the cashback sites concept, they pay you to click through them to buy something (see Top Cashback Sites for a full guide).
How much? As an example, swing by a participating Homebase store, check in on Quidco's app and it pays 50p into your account. You also get a bonus for sharing your check-in on Facebook or Twitter, you'll be prompted to do it.
Quidco reckons at today's rates, you could get around £110 a year.
Quidco reckons at today's rates, you could get around £110 a year.
How do I do it? To sign up, just grab the app, and if you don't already have a Quidco account, sign up (on the app or online). Current users can just log in to their accounts.
The app use GPS technology to pinpoint shops near where you're standing. Just download the app, and it shows a list of participating stores near you. Walk into the shop and click 'check in'.
For regular online cashback, Quidco takes the first £5 you earn each year as an admin fee. Yet money earned from check-ins go straight into bank accounts - it does not keep the first £5.
For regular online cashback, Quidco takes the first £5 you earn each year as an admin fee. Yet money earned from check-ins go straight into bank accounts - it does not keep the first £5.
Where can you check in? You can grab check-in cashback at 70 retailers. You can check in at each shop once a fortnight or once a month, depending on the retailer.
Shop
|
How much?
| 'Share' bonus | How many times can you do it? |
|---|---|---|---|
| Homebase |
50p
| 50p | 1 in every 4 weeks |
| Phones4U |
10p
| 10p | 1 in every 4 weeks |
| Carphone Warehouse |
20p
| 20p | 1 in every 4 weeks |
| Debenhams |
10p
| 15p | 1 in every 4 weeks |
| Apple store |
10p
| 15p | 1 in every 4 weeks |
| Correct as at July 2012. | |||
PS. The app also lists Quidco's in-store cashback deals. You don't need the app to get them, but it's handy to see which shops pay. You need to register your card. See Top Cashback Sites for a full explanation. Read Free Mobile Apps for a full guide to apps and how they work.
21.
Profit from photographs
Budding photographers can upload their digital photos to photo bank websites such as iStockphoto and earn royalties for each one sold. You may need to advertise elsewhere to drum up demand though, and some sites have a minimum payout.
However, if you have an interest in niche photography subjects, or take particularly beautiful shots, you could make good money.
How much? It varies by site — for example, you decide the retail price of your photos atPhotobox, giving you the freedom to adjust the profit margin.
Find out more: Join the discussion and read other MoneySavers' top suggestions or add your own in the Sell photos online thread.
22.
Affiliate your website
If you run any kind of website — commercial or personal — you can add affiliate link packages to it and get paid each time somebody clicks from your page.
Two of the most popular schemes are Google's 'Adsense' and Amazon's 'Associates' — and don't cost a penny to install. Of course, if you're to generate a substantial income through these schemes you'll need a high level of site traffic, and this can be difficult to achieve.
If you're sure you can provide site content which will appeal to a substantial number of people then give it a try, but generally it's not worth starting one up just for the purpose of affiliate linking.
How much? A niche website with loyal usage could earn £1,000s a year from these links.
Find out more: Join the discussion and read other MoneySavers' top suggestions or add your own in the Making money from websites thread.
23.
Listen to music? Get paid to review it
Unsigned music review site SliceThePie pays you for each song you rate, but as you build up a reputation you can earn more.
You'll need a pretty open mind, as you can't choose specific genres, but once you've found a band you like you can vote for them and even buy stock in them to trade. The system's too complex to describe fully here, so read the site's tutorials before you start.
How much? Not much, but not bad for a hobby. Previously, a dedicated fan putting in a couple of hours a night could expect around £30/month. Forum feedback's now mixed as to how much you'll earn as it's a time-consuming process, so it's worth a read first to decide if it's for you.
Find out more: Join the discussion and read other MoneySavers' top suggestions or add your own in the Earn cash for rating new music thread. Also check out theSliceThePie FAQ thread.
24.
Matched gambling
This is something we thought very hard about before including. Yet as many who know exactly what they're doing make serious risk-free cash, we felt it couldn't be excluded.
It's all about taking advantage of the offers betting sites have to encourage new players, usually involving free bets (eg, bet £30 and we give you a free £30 bet), and the fact different bookmakers offer different odds.
Thus, in some circumstances by betting on all outcomes you guarantee a profit, whatever the outcome. However, this is incredibly complex and dangerous, and most people should run a million miles from it. Don't ever contemplate attempting it unless you've done detailed research.
Warning! This is NOT about gambling. Gambling is not MoneySaving; the bookies always win in the long run (see Gamblers Anonymous). This is only about manipulating gambling introductory loopholes.
How much? With time and care it's possible to make a few thousand over the year. But please don't go for it if you're desperate for cash. This is only for those with patience and not under money pressure. Otherwise, you'll end up drawn into real gambling and losing.
How do I do it? Read the Matched Betting Introduction and FAQ discussion in theGambling Introductory Offer Loopholes board and the other sticky threads at the top. But remember it's an open forum, anyone can post, and just because someone sounds like they know what they're doing, it doesn't mean they do.
25.
Grab £1,000s of grants
There are grants galore available if you know where to look; from doing up your home to education and helping your business. There are a number of grant search engines where you can find out exactly what money you're eligible for.
How much? Grants in the £1,000s are available in the right circumstances.
How do I do it? Read the full Home and Energy Grants, Grant Grabbing and Small Business Grants guides, which list masses of handy grant sources and websites.
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Reclaim, reclaim, reclaim
Right across finance, companies have been taking or holding your money when they shouldn't, and these days it's easy to fight back. This can mean a boost of £1,000s to your finances in just one go.
26.
Tax rebate for uniform wearers
If you wash or repair your work uniform, you may be able to reclaim tax.
Whether it's a full nurse's or police attire, or just a simple T-shirt, provided you DON'T ever wear it for owt else, if you wash and maintain the clothes, you may be due an extra tax-free allowance each year and can backdate the claim for up to four years.
How much? Many MoneySavers have reported no-quibble cheques posted after they contacted HM Revenue. Forumite aliasojo said: "Other half got his letter - £336 adjustment in tax for earlier years and flat rate job expenses applied from now on, and a new tax code to reflect all that".
How do I do it? Read the full Uniforms Tax Rebate guide.
27.
Check if you're due a tax rebate
If, during the past four years, you've had the wrong tax code, you may be due a tax rebate. HMRC says at least four million employees are due this rebate... BUT over a million may need to pay more.
How much? It all depends on how wrong your banding was, but it can range from tens of pounds to thousands. One forum user has managed to claim over £5,000 because HMRC was deducting for a company car and medical insurance he'd never had.
How do I do it? Read the Tax Code Checker guide and tool to work out if your code is correct, then contact HMRC. However, if you think you've overpaid in the past, just contact HMRC — more on how to do this in the guide.
28.
Tax back if you work from home
If you are specifically employed to work from home and have no other alternative, you may be able to claim tax back for some of your household costs.
The most common expenses include the cost of gas and electricity for your work space and phone calls for the business.
You can't claim tax back on anything you're already paying for, or costs incurred from both work and private use (eg, council tax, line rental, internet).
How much?
It's either:
- Flat rate of £3 per week since 2008-09 (previously it was £2), for every week you work from home. You can claim extra for business phone calls.
- Or, if you can show how you've calculated the figures you can claim more.
29.
Reclaim phone credit & more
If you've switched TV, mobile, broadband or phone providers in the last six years, there's a very real chance you're owed a little cash and can get it back at speed.
Many providers don't automatically refund leftover credit when you cancel your contract or change provider.
How much? This isn't going to make you rich, but may give you a handy little boost. One forumite was amazed when they got £144 back from TalkTalk, but generally amounts have been lower.
How do I do it? Use the Reclaim Phone Credit guide for more info, plus a full list of contact numbers for providers. Read about other MoneySavers' experiences on theforum discussion.
30.
PPI reclaiming
If you've got or had a loan, credit or store card with Payment Protection Insurance (PPI) in the last ten years you may be able to reclaim £1,000s. Many firms have mis-selling expensive PPI with these products.
Large scale lenders have been fined for doing so but, if this applies to you, you can get your money back.
How much? Some success stories have reported getting back over £8,000, including interest, on a £40,000 loan. However, as ever it depends on each individual circumstance and what you were charged.
How do I do it? Read the step-by-step guides to PPI Reclaiming and Credit Card PPI Reclaiming, which include template letters and information about what to do if a bank puts your claim on hold. Read about other MoneySavers' experiences on the PPI Successes forum thread.
31.
National Insurance
Millions of workers weren't credited with nearly £1.3 billion paid in National Insurance (NI). This could mean a reduced state pension if you fail to act.
Tax authorities didn't track 9 million employees' payments between 2004 and 2009, which could affect workers of all ages. In total they're worth around £1.3 billion.
How much? This could affect your state pension, which is £107.45 a week for 2012/13. You must have built up a set number of years' NI contributions to receive the full pension, so make sure you check now.
How do I do it? Read the full Reclaim NI guide for more info, then call HMRC's NI helpline on 0845 302 1479.
32.
Find lost assets
Billions languish unused in old bank accounts, pensions, life assurance and investments — whether forgotten in a house move, lost through a work change, or simply overlooked in the hurly-burly of modern life.
Yet it's usually easy and, in many cases, free to reclaim cash that belongs to you or your family. This means a lost inheritance could also be reclaimed if you think a relative that's passed away had a bank account they'd forgotten about.
How much? This depends on how much you've forgotten you had — it could be anything from just a few pounds in an old junior savings account to thousands in a forgotten pension fund.
How do I do it? Use the Reclaim Lost Assets guide.
33.
Bank charges
If, during the past six years, you've been hit with bank charges and are in financial hardship, you can ask for them back.
How much? It all depends on whether you've had charges in the last six years. Say you incurred charges of £35, four times a year on average — that all adds up to a huge £840 payback.
How do I do it? Use the Bank Charges Reclaiming guide. Read about other MoneySavers' experiences on the Success reports forum thread.
34.
Credit card charges
In 2006 the OFT said credit card charges were unfairly high and providers reduced them. So if you had late payment fees pre-2006, it may not be too late to get them back.
How much? Again, it all depends entirely on the charges you've had. Some have reclaimed over £1,000.
How do I do it? Read the step-by-step guide to Credit Card Reclaiming, which includes template letters. Read about other MoneySavers' experiences on the Success reportsthread.
35.
Council tax
The council tax system in England and Scotland is fundamentally flawed; many people are in the wrong band. It only takes 10 minutes to check if you're one of them.
How much? Dropping a band can result in a saving of £200 a year, and a backdated payout from when you moved in is often £1,000s.
How do I do it? Use my step-by-step Council Tax Rebanding guide.
36.
Mortgage exit fees
If you've moved mortgage to a new company within the last decade, you could have been overcharged by your old lender when you left it. Just one phone call usually gets you the money back.
How much? A refund of the difference between the fee as stated when you took out your loan, and its level today. This could be between £50 and £200, depending on the lender.
How do I do it? Use the full step-by-step guide to Mortgage Fees.
37.
Endowments
Mis-selling of endowments has been rife. But move fast, because the deadline for complaints is looming. So if you've ever been sold an endowment which underperformed, leaving you out of pocket, and you weren't told this was a possibility, you could get compensation.
How much? The rewards for doing this can be huge; the biggest compensation payout we've heard about so far is £27,000.
How do I do it? Use the full Mis-sold Endowments guide.
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Get paid for your opinion
The desperate need for many companies and public organisations to test, talk about and try out their products or plans on the British public gives you a great opportunity to cash in.
38.
Online market research
Willing to give your view on the Labour Party, answer questions about your sex life, or test out the latest moisturiser?
If so, it's possible to earn £100s a year, without any special skill or talent. You could be paid cash to take part in online surveys, which are often short enough to fill in during breaks at work.
How much? Some surveys can pay £1 to £3 for just a few minutes of your time.
Find out more: There's a full how-to, including the top paying sites in the Survey Sitesguide.
39.
Traditional market research
Focus group-based market research can pay between £30 and £50 for a couple of hours' talking. To get started, look up local agencies in the Yellow Pages, or try Saros Research online.
How much? Usually between £30 and £50 per session.
Find out more: Join the discussion and read other MoneySavers' top suggestions or add your own in the Traditional market research thread.
40.
Become a mystery shopper
High-street retailers are desperate to check that their in-store customer service is up to scratch, and contract mystery shopping agencies to do so.
These will employ you to visit a specific shop or pub, to rate service quality or the quality of their goods. If you fancy a bit of 'cloak and dagger' identity, this can be great fun too.
How much? Payment for this type of work varies hugely between agencies. Some pay in gift vouchers, others simply give you free items. Some will pay you cash too, sometimes as much as £30 a day.
Find out more: Join the discussion and read other MoneySavers' top suggestions or add your own in the Mystery shopping discussion thread.
41.
Win some competitions!
Okay, so it's not quite using your opinion and not guaranteed cash, but get committed to 'comping', systematically entering 100s of competitions each week, and your chances of winning grow considerably.
Often entering simply means filling in an online form or sending a postcard, sometimes answering a question or tiebreaker. If you win, the promoter may call up, or the postman could just knock with a parcel.
As an added bonus, competitions are tax-free, so unlike other ways to boost your income, the taxman won't get any.
How much? Of course it varies massively, but one lucky MoneySaver scooped a £20k prize, and many have made thousands.
Find out more: Read the full Comping for Cash guide, which includes insider time-saving and security tips.
Home working
If you're housebound, whether due to childcare commitments or disability, or you just like being at home, working from your kitchen or spare room can leave you quids in too. Working on your own isn't for everyone though, so make sure you're OK with a spot of solitude.
42.
Earn from internet research
Internet businesses such as 63336 (formerly known as AQA) are occasionally on the lookout for researchers.
It works like this: a customer searches for the answer to any random question by sending a text to researchers - you - who reply with the answer.
The beauty of this work is that you can generally choose the type of questions you answer, and hence the hours you work. See 63336 to check for vacancies - you'll likely have to pass a test before you get an interview. Vacancies aren't open all the time, so you'll need to be on the ball and checking the sites regularly.
How much? You'll be paid roughly 25p per question, and some can take just a few moments to answer, meaning that experienced researchers could rake in up to £2,000 - though of course, it depends how much time you're prepared to put in.
Find out more: Join the discussion and read other MoneySavers' top suggestions or add your own in the Be a web-based researcher discussion.
43.
Do some freelance work
If you've skills in a specific area, you may be able to do a little freelance work on the side.
International project recruitment site PeoplePerHour allows companies to list projects they want completed. Freelancers 'bid' on projects, saying why they'll be the most suitable candidate and entering their price for the work. The site's free to join and bid on work, but a fee is taken out of your pay for each job.
How much? It depends on the job, the duration and skills involved, and how many freelancers are competing for it. The only drawback is you might find yourself competing against workers from countries with a much lower cost of living, who can undercut you.
Find out more: Join the discussion and read other MoneySavers' top suggestions or add your own in the Freelancer discussion thread.
44.
Take in foreign exchange students
Renting out a room provides a stream of ready money, and a handy government tax break means you can keep most of it out of the taxman's hands.
Get in touch with local secondary and language schools to enquire about the frequency and vetting process. This can be a tidy little earner and you get the added bonus of honing your own foreign language skills.
How much? Rates of pay vary depending on the level of accommodation you provide, but you can expect to earn upwards of £80 per week per student.
Find out more: Join the discussion and read other MoneySavers' top suggestions or add your own in the Take in foreign exchange students discussion.
45.
Solve companies' problems for pay
Several companies put problems online and offer cash to people who can come up with effective solutions.
While not a guaranteed way to grab cash, these can be an interesting, fun, and lucrative way to spend your spare time if you're a business or science boff.
At InnoCentive, companies post dozens of challenges offering big money for the best solutions, though they're often quite technical. A typical example's £10,000 for a proposal on how to navigate the inside of an egg without damaging it.
Also worth a look is Idea Connection. Register and it sends you email invites to help solve firms' problems for cash.
How much? It depends on the challenge, but top paying problems can award up to about £600,000 if you come up with a brilliant idea.
Find out more: Join the discussion and read other MoneySavers' top suggestions or add your own in the Solve companies' problems for pay discussion.
46.
Iron out your finances
Set up a professional ironing service, advertising in local shops and newspapers. A good tip is to advertise in the poshest part of town; that way you can charge more.
How much? Ironing businesses generally charge by the item, with 20 items costing around £10. This varies depending on location though, so check what other local services are charging.
Find out more: Join the discussion and read other MoneySavers' top suggestions or add your own in the Start an ironing service thread.
47.
Start a 'cottage industry'
If you're a dab hand at arts and crafts, try selling your jewellery and artwork, whether on eBay* or at craft fairs.
US-based websites Etsy and Redbubble are designed exclusively for buying and selling homemade goods. Some talented MoneySavers make big profits.
How much? Potentially £100s, depending on your spare time, artistic talents, and ability to sell yourself.
Find out more: Join the discussion and read other MoneySavers' top suggestions or add your own in the Starting a cottage industry thread.
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Work, work, work
If you're willing to travel, as well as the obvious McJobs there are many ways for second-jobbers to earn extra cash; and of course maximise your current work too.
48.
Ask for a pay rise at your current job
People are often scared to do this, yet why not simply ask — the worst that can happen is they say 'no'.
Simply ask for an appointment, prepare your points — which should be more about your job role than 'I need the money' — and see what happens. It's just as difficult for an employer to say no when you ask, as it is for you to ask in the first place!
How much? Always remember that if your pay rise isn't as high as inflation (the rate at which prices rise) then your pay is actually decreasing. So why not ask for an 'inflation plus x%' rise, explaining a payrise at inflation will just keep you level and the x% is because you're now more experienced or better at your job.
Find out more: Join the discussion and read other MoneySavers' top suggestions or add your own in the How to ask for a pay rise thread.
49.
Get a Christmas job
There are more likely to be temporary vacancies around the Christmas period in certain sectors. Check out Jobcentre Plusand Gumtree.
Check retailers in your area who could be looking for extra staff to cope with Christmas shoppers. Print out multiple copies of your CV and do a mail-drop on your local high street. Ask catering agencies, restaurants, pubs, clubs and bars. More parties around this time of year may mean more jobs. The Royal Mail may also be worth checking at this time of year.
How much? Varies by sector.
Find out more: Join the discussion and read other MoneySavers' top suggestions or add your own in the Christmas Jobs discussion.
50.
Babysitting
Watching somebody else's TV and eating their food while the kids lie fast asleep upstairs doesn't sound so hard — and it often isn't — but you must be prepared to deal with the odd stroppy child and his or her tantrums.
You'll need a proven track record with little'uns, so work for your friends, family and neighbours first.
How much? Adult babysitters can get up to about £8 per hour, but you'll need to build a reputation first to command this.
Find out more: Join the discussion and read other MoneySavers' top suggestions and add your own in the Babysitting thread.
51.
Pet or plant-sitting
Also known as 'house-sitting', this job sounds (and is) fairly simple: maintain a house and look after any animals and plants for anything up to 3 months.
You need to have no other commitments to worry about. It'll be easiest to sign up with an agency, so be prepared to provide references and expect a thorough check of your background, including any criminal records. After all, would you be happy to leave your home in the hands of a stranger?
The terms and conditions vary from company to company. Some will expect you to be available all the time while some offer work on a more casual basis. Some suggested in the forum include Animal Angels, Platinum Petcare and Nina's Nannies for Pets.
How much? As a guide, Nina's Nannies for Pets pays roughly £27 per day, plus travel expenses.
Find out more: Join the discussion and read other MoneySavers' top suggestions or add your own in the Pet or plant-sitting thread.
52.
Be an interviewer
The National Centre for Social Research is usually on the lookout for freelance interviewers.
The job involves interviewing selected people about all kinds of topics in their own homes, then sending the answers to your set questions back to base.
Vacancies for telephone interviewers are also often available, and full training for each role is provided. Go to NatCen's website for full details.
How much? As a guideline, once trained you'll get about £12 for a 35-minute interview, and £4 per hour spent travelling plus petrol costs.
Find out more: Join the discussion and read other MoneySavers' top suggestions or add your own in the Doing social research discussion.
53.
Work at the supermarket
Work weekend shifts at your local supermarket — some pay up to double on Sundays and bank holidays, and the general rule is the posher the supermarket, the more you'll earn.
How much? Around the £6-7 mark per hour, and some may offer a discount (usually 10%) on groceries once you've been there for a while.
Find out more: Join the discussion and read other MoneySavers' top suggestions or add your own in the At the supermarket discussion.
54.
Head for the library
Why not work in a library for a few hours a week? While some libraries admittedly get very busy, many find working in this environment a rewarding break from day-to-day stresses, regardless of the extra cash. Enquire with your local library, universities or colleges.
How much? Usually about minimum wage. It's worth noting forumites report part-time library posts can be difficult to find — though it's still worth a try.
Find out more: Join the discussion and read other MoneySavers' top suggestions, or add your own in the At the library thread.
55.
Party planning
It's possible to make cash by hosting parties, in which of course things are demonstrated and sold. Since you'll effectively be self-employed, you can make your own hours and work as often or as little as you want.
Before starting though, be sure to check whether there's already a popular representative of the company in your area. If so, it's probably best to sell something else. Typical examples include Ann Summers, The Body Shop At Home, PartyLite and FM Cosmetics. Forumites recommend choosing a company where you'll be selling products you like; you'll find it more enjoyable, which will help you suceed.
How much? It's commission-based, so what you earn depends on your selling ability, and the products you sell. You'll usually have to cover set-up costs with your first parties.
Find out more: Join the discussion and read other MoneySavers' top suggestions or add your own in the Party Planning thread.
56.
Monitor exams
During exam periods in secondary schools, colleges and universities, there's a shortage of exam invigilators since the teachers and lecturers still have other work to attend to.
Enquire with local institutions and temp agencies and you can earn fair cash for a couple of hours of (blissfully silent) work.
How much? Temp rates are normal, so expect roughly about £6.50 - £8 per hour.
Find out more: Join the discussion and read other MoneySavers' top suggestions or add your own in the Temp At Schools thread.
57.
Use your head. Tutor
To tutor up to GCSE you don't necessarily need a degree or PGCE teaching qualification (although you can command much higher rates if you do have the latter) but some previous teaching experience is a must.
You'll need a CRB check if you're to work with kids, so start out by asking some local teaching agencies about getting one, and about getting started.
How much? Without qualifications, you can charge up to about £10/hour (depending on your experience and ability). If you get a PGCE (which can be achieved on a part-time or flexible basis), you can charge as much as £40/hour in some areas.
Find out more: Join the discussion and read other MoneySavers' top suggestions or add your own in the Private Tutoring Help thread.
58.
Count votes
Register with your council's elections office and get paid to count the votes at polling time; this can be in four-hour shifts, or longer. One MoneySaver reports earning £180 for working from 9pm - 5am.
Be warned though: you're usually contracted until the job is finished, so if it runs over you won't be paid extra (the flipside being that if you finish quicker you'll still earn the same).
How much? It varies by job, but generally up to about £180.
Find out more: Join the discussion and read other MoneySavers' top suggestions or add your own in the Temporary council work thread.
59.
Be a model
If you have the confidence to go nude (or semi-nude in some cases), life modelling is a fun way of earning extra cash. For a few hours work, you can usually get a very good rate of pay because it's very hard to recruit for this role.
All you have to do is make sure you're able to hold a pose. All shapes and sizes are desired, so don't be put off if you're not 'model' size. Make enquiries at local colleges.
How much? Forumites report you generally get up to about £10 - £20 per hour. Of course, wages vary depending where you work and some models are paid on a 'per job' basis, usually earning more.
Find out more: Join the discussion and read other MoneySavers' top suggestions or add your own in the Life modelling discussion.
60.
Be a TV extra
It can be a little more boring than Ricky Gervais makes it out to be, but the fun of seeing yourself in the background of shows can more than make up for it.
There are several legit online extras agencies which don't charge you for signing up, although they'll generally take an 'administration fee' out of your pay. If you're serious about it, you'll need to sign up for quite a few agencies to guarantee work, and travel expenses may not be paid for.
As there are a lot of agencies to choose from, it's well worth checking out forum feedback before you join to help you find the ones that are right for you.
How much? Most extras generally earn about £50 per day (though it can be more), with overtime paid at about £10 per hour. It's a good idea, though, to have to some professional (or at least professional-looking) photos taken in order to start off getting work.
Find out more: Join the discussion and read other MoneySavers' top suggestions or add your own in the TV extra work thread.
61.
Be a guinea pig
If you're fit and healthy — and prepared to accept the risk of tests — you could earn up to £150 a day by taking part in medical trials.
There are several big companies advertising for volunteers; see forumites' experiences in the UK medical trials discussion for ideas.
How much? Depending on what it is you're being tested for, you can earn between about £70 and £150 per day (though of course, it varies by trial).
Find out more: Join the discussion and read other MoneySavers' top suggestions or add your own in the Medical trials discussion.
62.
Be an Avon lady (or man)
Avon reps earn commission on make-up, toiletries and other items they sell. You buy batches of catalogues and canvass friends, family, neighbours or colleagues for orders.
The sign-up fee's £15, which includes 40 brochures. After that brochures cost from 63p to 11p each — the more you buy, the cheaper they are.
How much? Your earnings depend on how many products you shift, but dedicated Avon ladies can earn £100/month, and some earn far more.
Of course, many earn less than this, and, if you don't sell anything, you could run at a loss. So don't do this unless you're confident you'll flog some stuff, and are comfortable selling to friends and family.
Of course, many earn less than this, and, if you don't sell anything, you could run at a loss. So don't do this unless you're confident you'll flog some stuff, and are comfortable selling to friends and family.
A tip on tax
Extra income is all very well, but don't forget the taxman will want his share. Any sources of extra income need to be declared, so make sure you're upfront with HM Revenue and Customs.
It's important to let HMRC know you're self-employed as soon as possible, either via the HMRCwebsite or by calling 0845 915 4515. If you don't tell them, you may have to pay a penalty. You'll also get a £100 penalty if you fail to meet the deadline for self-assessment; 31 Oct for paper forms, and 31 Jan for electronic submissions.
For full information, read HMRC's self-employment leaflet. Also, don't forget to make full use of your personal allowances: depending on what your other job status is and your age, the first £8,105 of any income is tax-free in the 2012-13 financial year.
If you spend money on items for your business, be sure to keep the receipts. They're tax deductible. See the HMRC website for a full breakdown of what you're entitled to.
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