Jackie Annett shares 10 ways to make £1000 extra this January
Does your bank account need a boost? With energy bills and council tax increasing, I know mine could. Here are my ideas for ways to make an extra £1,000 this month (without breaking the law.!)
Switch bank accounts
One of the easiest ways to make money is by switching banks – currently you can make up to £150 just by switching accounts. NatWest and HSBC are offering customers £150, while Santander is offering £140 and Nationwide is offering up to £125.
Sell unwanted stuff
I do this every year before Christmas and it covers Little Miss Diva’s Christmas money. Last Christmas I sold a French chic bed frame and some brand new boots for £100. January is a good time to sell on those unwanted Christmas presents if you need to make money.
Do a direct debit detox
Even though I’m frugal, I always make money when I do this! Do you need that TV subscription or gym membership? Only keep them if you’re getting your money’s worth.
If you are one of the two thirds of the population who don’t switch your deal every time it comes to an end, then the odds are you’re paying too much. Shop around for broadband and mobile phone deals and you could save hundreds over the year.
Look into remortgaging
Now I’m obviously quite savvy, but every time I remortgage I save at least £600 a year. Some people I know save thousands because you can also use it as an opportunity to consolidate loans and debt and the good news is it’s free to find out.
Earn an extra income
You can advertise your skillset on sites like Fiverr or Task Rabbit and earn an extra income in the evening or by doing a few extra hours at weekends.
Get paid what you’re worth
Jobs are not easy to come by at the moment but that doesn’t mean that you should just stick with something for the sake of it. Check out the latest jobs on Indeed or LinkedIn if you think it’s time for a better job with more money.
Speak to an IFA
Maybe there’s a pension pot somewhere you’ve forgotten about? Or perhaps you’re not making your money work as best as it could. Even though I’m savvy, I’d recommend speaking to a local financial expert as they really do know their stuff.
Get free stuff!
Are you making use of all the free things on offer? You might qualify for the free Green Homes Grant worth up to £10k. Go to Entitled.co.uk and make sure you’re claiming all the benefits you’re entitled to.
Stick to a budget
I used to think budgets were for bores, but after drawing one up and sticking to it helped me pay off £16k worth of debt, I wouldn’t be without one now. It helps you plan for the future and see where your money is going. If you’ve got any left over after making cuts, why not invest as savings rates aren’t great at the moment?
Do you have any other ways to boost funds that you can share with the community? Please share them on the Facebook page. More from Broke in Bristol – & beyond: