Looking for some quick fixes for your debt problem? You’ve come to the right place! We’ve got seven simple ways to find yourself extra money whch can be put towards paying off your debts.
If you think you need a bit of extra help handling your debt, sign up to the free Moneymagpie Debt Action Plan Emails. You’ll receive handy hints and help to your inbox and we’ll have you back in the black in no time!
Also, try this debt calculator from Simply Finance. It will show you just how long it would take you to pay off your debt if you put in a certain amount each month. It will show you how much quicker you will pay it off, the more you put in. Quite enlightening!
1. Switch and save
2. Rent out your driveway
3. Make money from your spare room
4. Make money from your old mobile
5. Get a cheap package deal
6. Make your debt interest free
7. Credit crunch munch
1. Switch and save
Help yourself out by switching all your energy suppliers – it could save you serious money and is really easy to do, honest! Use our comparison service to save yourself as much as £378 a year – we show you how to do it here.
Insurance is another thing that could be costing you uneccessary money. If you’ve been with the same provider for a few years, chances are you’re missing out on the best deals which are often only for new customers. Do a quick comparison to make sure you’re getting the best deal on all your insurance policies.
An empty driveway during the day can be used by someone else, making you money at home whilst you are out at work. This is especially lucrative if you live in a commuter area, near a train station for instance, or just outside a congestion charging zone.
It is free to register on this site and you can choose which days and for how long you want to make your drive available. Register with Parkatmyhouse.com and make money from your driveway.
3. Make money from your spare room
Got a spare room? Even if you haven’t, if your debt is desperate then you should move out of yours and sleep on the sofa for a few months (yes, really) while someone else pays for your bed. You can make up to £4,250 a year tax-free from renting out a room, so do it.
Get started with spareroom.co.uk where you can place an advert for free. The site has over 1 million users so you’re bound to find someone who wants your room!
If you just want someone during the week, try the website MondaytoFriday which specialises in finding rooms for business people who need somewhere closer to work for the week, but go home at the weekends.
4. Make money from your old mobile
If you’ve got an old mobile phone (or two) knocking about somewhere at home then dig it out and recycle it. Not only will you be helping the planet, you’ll make yourself some cash too. As a general rule, the newer the phone the more money you’ll get, an iPhone can make you more than £100! Get started here.
Combining your television, broadband and phone can save you big money. Obviously if you’re trying to cut back you don’t want to spending loads extra on sports and film channels, but some of the more basic packages are often really good value.
Sky has some great deals at the moment. Get Sky+ for free, and get free evening and weekend calls and a 2MB broadband connection for as little as £18.50 a month.
If you’re not really sure what kind of package you need and want to compare prices, use our fab comparison service. It’s powered by Broadband Choices and has been accredited by Ofcom.
6. Make your debt interest free
It’s the interest you pay on debts that cripples you, but there are two big things you can do to ease the pain. First off, try to move your debts onto a 0% credit card. The best of the bunch is the Virgin Money Credit Card which offers a huge 16 months of 0% interest on balance transfers made within the first 60 days (a 2.98% handling fee applies).
Secondly, move your bank account to one that gives you a free overdraft. The Alliance & Leicester Premier Direct Account offers interest free arranged overdrafts of up to £2,000 for the first 12 months. Switch to Alliance & Leicester here.
Got some good ideas of your own? Tell everyone about them by commenting below.
Email This Post
I also had a bad experience with Alliance and Leicester. I tried to pay money IN to clear an overdraft, and because i didn’t have the account details with me, they refused point blank to look me up on the system and accept the money. They then set a credit collection agency onto me and it cost me over £300…. I will never EVER bank with them again.
A&L i wish i’d never swopped they rip me off BIG TIME £8.00 payment (just over overdraft limit) cost £25.00 total £33.00 then another payment of £15.00 £25.00 for the same day wages went in last after there charges £73.00 off wages no joke in a month they have charged me £250 weekly wage gone in charges. tried for extened overdraft told no REASON THEY WANT OR MONEY FOR THERE BONUS!!!!!!!!!!!!!!!!!!!!!!!
Yes totally agree re Alliance & Leicester! Worst move we ever made they are so shocking and have caused so many problems for us that it would take me a whole book to list the nightmare!
Lets just say DONT if you are considering moving your account to them – once we sort out the mess we are now in we will move back to our old bank.
P.S Do not be fooled by the match your overdraft promise. You send in original statements as proof but they loose them and make a total hash of the admin then tell you that you only send in copies?!
It is important that we understand the difference between a asset and a liability and how the numbers work.
http://www.uShare.co.uk is all about saving money. It lets you borrow and lend everyday items with people who live or work in your local community. You don’t have to pay for each item you borrow as it works on a points system meaning you could save lots of money by removing the need to buy something you may only use once! Simply borrow it, use it and return it. Have a look http://www.ushare.co.uk
para todos que gostem de um novo negocio
para um futuro mais risonho.