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Top 5 Tips for Boosting Your Income

Wed 14 February 2018

Boosting Income main

Making money isn’t always the hard part; making enough money for the lifestyle we want can be. There’s no sure-fire way to get rich quick, but the good news is there are some ways you can earn a little bit more cash.

Here are our top 5 tips for boosting your income:

1. Take part in market research and complete surveys

Companies are always on the lookout for opinions, feedback and ideas about their products and services. There are numerous websites where you can get paid to complete online surveys, watch videos or give feedback. You can also sign up to receive free samples to review, or become a mystery shopper.

It’s unlikely you will earn huge amounts, but the small payments can all add up over time and it’s fun too.

2. Earn Cashback

Cashback can be a great way to earn money just for buying what you were going to buy anyway. Sign-up for loyalty schemes where you earn cashback, such as supermarket points which can be used in-store or exchanged for vouchers.

Use cashback sites such as Topcashback and Quidco. These companies pay cashback if you click through to a site via their website and make a purchase.

3. Sell a story or picture

There are several lifestyle magazines that pay for amusing photos, letters from readers, top tips or real-life stories. Some publications pay as much as £100 for a photo and up to £2000 for a true story. ‘Love It’, ‘Take a Break’, ‘Chat’, ‘Pick Me Up’ and similar magazines will pay for relevant content. Why not try your luck at one of their free competitions too, and be in with a chance of winning some cash?

4. Sell your stuff

Have a good clear out and sell those items you no longer want or need. You can use sites like eBay and Facebook Marketplace to find buyers or attend a local car-boot sale. Things you can sell include:

    ● Unwanted furniture

    ● Old clothes and shoes

    ● Wedding dress

    ● Baby clothes and accessories

    ● Gold and silver jewellery and coins

    ● Toys, games and Lego

    ● DVDs, video games and books

    ● Old mobile phones

    ● Empty jam jars and perfume bottles

If your items are in good condition, then someone else could benefit from them. They get the item at a lower price than if they bought it new and you get money for something you no longer want.

5. Write, research, enter data and more

There are a variety of work from home projects you could do to supplement your income. Many companies will pay for data entry, research and admin tasks. You could also get paid to write blogs, articles, letters and emails or proofread documents. If you are multi-lingual, then you could make money translating. Sites such as PeoplePerHour, Fivrr and Upwork allow you to bid for projects or advertise your skills to companies and individuals looking to outsource tasks.

The above suggestions aren’t guaranteed ways of making money, but they could work for you if you have the right amount of time and skills.

Don't forget to tell the tax-man

If you earn over the personal allowance, then you will be expected to pay tax on your earnings. You should declare any income, even if you aren’t liable for tax, to avoid getting in trouble.

Making money, managing it responsibly and having a little to put aside for emergencies is the ideal situation. Unfortunately, it isn’t always possible to prepare for every eventuality and plans can go off track.

At Morses Club, we provide cash loans to help with those unexpected costs when they do crop up. This solution isn’t suited to everyone, so it is important that you read our information on cash loans before making an application.

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