Inflation is eroding our spending power and the cuts are biting, but wages aren’t rising remotely fast enough to keep up. For most of us, better paid jobs and promotions will be difficult to find this year – so I’m looking for a few ways to earn a little extra cash on top of the wages from the day job throughout 2012.
Anything that’s earned here up to £1000 over the course of 2012 will be used to make up the shortfall in basic living standards, rather than for treats. That’s because most estimates of household financial shortfall are around this amount, for an average home. It will be going towards energy bills and groceries, and preventing the erosion of the spending power of any savings (low interest rates plus rising inflation equals reduced spending power) and pensions/investments.
This summary of earnings will be updated at the end of every month. They’re shown minus expenses and capital gains tax where this applies, and I’m only including cash, bank transfers, cheques, PayPal credit and Amazon online vouchers. If it hasn’t cleared or the balance hasn’t reached the payout threshold by the end of the month then it can’t be spent so isn’t counted.
I figure that if I can do this, so can just about anybody else. Let’s beat the squeeze!
- January
Selling goods
£137.43
Website extras (Skimlinks etc)
£12.63
Cashback and bonuses
£17.36
Market research and surveys
£0.00
Monthly total: £167.42
- February
Selling goods
–.–
Website extras (Skimlinks etc)
–.–
Cashback and bonuses
4.21
Market research and surveys
3.00
Monthly total: –.–
Year to date: —.–
- March
