Time to make some extra money. I’ve recently realised it’s time to upgrade my trusty laptop and have decided to create a new Make Money Challenge. If you could use a little extra cash yourself, read on.
Firstly, I’ve set a target for the amount I want to raise, as this has always helped with money-making and savings challenges in the past. My target is £300 cash (not vouchers, not store credit, just plain old money in the purse / bank account / Paypal account), but you can set any target that you like. There’s no specific end date of this challenge, as there are a few things I haven’t tried before and I’m therefore unsure of what a realistic time scale might be, but I’m going to make a big effort and try to get there as quickly as possible.
Why might you want to make money quickly? This depends upon your personal circumstances, but you might decide to:
- Pay off an urgent debt quickly, to get some breathing space
- Start a small emergency fund, because ideally everyone should have one
- Save up for a holiday you otherwise might not be able to afford
- Get some seed money together for a venture (business idea, training and so on)
- Replace something in your home (electrical goods, decor, furniture etc)
As mentioned earlier, I’ve decided to raise £300 towards a new laptop. Tech advances rapidly and it’s good to keep on top of it, especially if you’re a freelancer. My current souped-up one one is still functioning fine, so I can’t justify taking the money out of my emergency fund (I would if it was failing or died completely), so it’s more of a wish-list item – hence the wish to make more money to cover the cost.
My planned ways to make more money will include the following:
- Selling unwanted items to raise cash
- Cashback deals and apps
- Paid web search and similar add-ons
- ‘Get paid to’ clubs and sites
- Surveys and market research
I’m not including selling services or taking on a part time job, as I’m a freelancer already and that would eat into my working week too much, but will mention a few of these as we go along in case other people are interested.
How long do you think it’ll take to get £300 together using additional / supplementary sources of income? Are there any nice little earners I should be including?