Sixteen per cent of Britons — that’s around 7.9 million people — began 2018 with a Christmas debt hangover, according to National Debtline. Many of us overspend during the festive season, but this can mean we start off on the wrong foot when the New Year rolls around. So, to help you make sure that you have enough money to cover everything this time around, we’re going to outline five ways you can make some last-minute cash in the weeks before the most wonderful day of the year.
Give matched betting a go
If you’ve never tried matched betting, now is a great time to do so. It’s a completely legal way of turning free bets into money, and you don’t need any previous betting experience.
The amount you can earn will depend on a few factors: namely the number and type of free bet offers you complete, as well as the size of your starting pot. But, what exactly does it entail?
OddsMonkey has a guide to what matched betting is, which explains everything but, in the simplest of terms, you can take advantage of bookmakers’ free bets to make a profit. For example, you’ll often see betting sites offering “Bet £X to get £X in free bets” promotions to new members, and there is a way to unlock these without having to put your money on the line. You can then use software, such as the programme offered by OddsMonkey, to help you turn these free bets into profit.
Sell anything you no longer want
If you have any unwanted clothes, toys, ornaments, or valuables that are in good condition, selling them on could earn you a pretty penny. And, there are plenty of platforms that make the process incredibly easy.
Of course, eBay is the most popular online marketplace, but you’ll often see more success if you use websites and apps that are designed specifically for the items you’re selling. For example, if you clear out your wardrobe and find on-trend clothes, shoes, and accessories that you know you aren’t going to wear again, put them up for sale on the app Depop. Here, you’ll find fellow fashionistas who are looking for a bargain, which means they’ll be much more likely to buy your items soon after you upload them.
There are similar platforms for other types of clutter, too. Toy Hunter is a great one if your kids have outgrown some of their toys, while The Hoarde will happily take antiques and vintage pieces off your hands. Choosing the right place to sell your unwanted treasures will give you a good chance of getting rid of everything, as well as help you to make the most money.
Switch bank accounts
We’ve talked about making money by switching bank accounts before, and the lead-up to Christmas is a great time to do this. Banks know that the festive season can be hard on your finances, which is why they release all of their best switching offers at this time of year.
Of course, they change all of the time, and it’s best to shop around. But, at the time of writing this, Halifax are offering £75 to those who switch, HSBC will give you up to £200, and NatWest is offering £125. Just make sure you always read the small print to ensure you’ll get the money in time for Christmas if you do decide to go down this route!
Find a cheaper energy provider
Many of us are paying way too much for our energy, because it’s so easy to stick with one provider, regardless of whether they’re offering the best deal. So, if you have been blindly paying your gas and electricity bills, now is the best time to check whether you could save some money in the lead-up to Christmas and beyond.
We’ve talked about how shopping around for the best energy prices can save you money, but a lot of people still don’t do it. Tonight, spend half an hour looking for the best deal, and you could have more money in your pocket when the festive season rolls around.
Get paid for your opinions
There are research companies out there that will pay you to complete surveys. The rewards aren’t huge but, if you are just shy of reaching your ideal budget for Christmas, you might as well put your spare time to good use and make a little bit of money this way.
However, it’s not always easy to work out which of the survey sites out there are legitimate and trustworthy, so it’s important that you only sign up to the ones that have been tried and tested. We have a list of online surveys we like here, along with all of the information you’ll need. If you have an hour a night to spare, they’re well worth checking out.
There’s no denying that the festive season is going to be hard on all of our wallets, but you can make sure you’re prepared by making and saving as much money as possible before you buy any presents or stock your kitchen. This will greatly reduce the risk of starting the New Year in debt.