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12 money making ideas to help get you out of debt
Debt is a very easy thing to slip into and can creep up on you with scant prior warning. If you have creditors aplenty and mounting credit card bills, there is some good news: you’re not alone, and there are ways out.
The process of getting yourself out of debt might feel akin to scaling the tallest of mountains. In reality, with some planning, ingenuity and a bit of help from modern technology, you can work yourself out of debt’s grasp and pave the way for a debt-free future.
We’ve got 12 super money making ideas to help get you out of debt. Let’s get creative!
- Sell unwanted stuff
You played with the Wii U twice last Christmas. Since then, it has sat dormant and unloved, along with the set of golf clubs gathering dust in the garage. Now close your eyes and imagine a pile of cash sitting there instead. That’s what such stuff is – latent funds. Get onto eBay now and sell all of your unwanted presents and kit from hobbies of old.
- Turn a hobby into an income
Dab hand at web design? What about the passion and skill you’ve always had for gardening? If you’ve got a hobby that you have a feeling others will pay for as a service – you could be making extra money tomorrow. Sign up to a freelance website like People Per Hour, pop an advert in the local chip shop and see what enquiries you get.
- Sign up to Fiverr
People Per Hour isn’t the only website aimed at promoting the services of freelancers – fiverr.com is another great option when looking for ways to make some extra cash. The great thing with Fiverr is that there’s no limit to the services they sell. From logo design to voiceovers, they’ll help you sell whatever it is you’re good at.
- Become a TaskRabbit
Taking the freelancing option a step further is TaskRabbit which sells people’s time for undertaking even the most mundane of tasks. Therefore, if you really need to raise funds to pay off debt and don’t mind getting your hands dirty, someone will likely pay you to clean out their garage. Not the most glamorous of work, but someone’s got to do it, and you could be the one who makes money from doing so.
- Recycle your old mobile phones
If you’ve got a draw full of old mobile phones, they can very quickly be turned into cash. Even if they’re from the pre-smartphone era, most phone recycling services like Envirofone will give you cash for your once trusty telephonic steeds. What’s more, you’ll receive the money quickly, enabling you to divert the funds to outstanding debts quickly.
- Rent out the spare bedroom
If you’ve got a spare bedroom which isn’t used for anything other than a place in which to store the old TV from downstairs, firstly, sell the TV on eBay, and then turn the spare room into a rental space. Airbnb offers enterprising individuals the opportunity to rent out house space to the paying public. It’s not for everyone, but the potential earnings may be very welcome indeed.
- Start a business on the side
Freelancing on services such as People Per Hour can be a good filler, but if you need a regular stream of income, starting your own business is a step above which will increase your earning potential significantly and may even pave the way to a new career.
- Sign up to a cashback service
Services such as topcashback.co.uk enable you to turn regular online purchases of virtually anything into money-making endeavours. There are hundreds of retailers taking part in the scheme which allow the cashback website to pay you money for the referral. Do it regularly and the money can quickly build up.
- Do someone else’s dirty work
Most of us hate ironing. You might hate it, too, but if you’re desperate for cash you may have to suck it up and offer to do it for someone else. Tasks such as ironing, cleaning and gardening will be handsomely paid for by many, given their nature. Take advantage, and get your hands dirty.
- Become an online survey pro
Many businesses will pay you to undertake a survey. It won’t make you rich, but your opinion is worth something to them, so why not charge them for it? A quick Google search will uncover the willing businesses.
- Get involved in focus groups
In return for an hour or so, some companies will pay you for involvement in focus groups. They can be fun too, so check out http://www.focusgroupsuk.com to see which businesses are looking for your feedback.
- Become a private tutor
Make use of the great education you have and your qualifications for specific subjects, for example, maths or foreign languages. Make use of services such as brightyoungthings.co.uk which offer a brilliant, paid outlet for your tuition. Imagine earning extra money and furthering the career of someone else – quite a feeling!