With the rate of inflation rapidly rising, causing the cost of living to skyrocket, here are five easy ways to use apps and websites to boost your bank balance.
Fuel prices are skyrocketing, inflation is on the rise and our pennies are under pressure. So if you feel the need, try these ways to make extra money online, whether it’s selling clothes you no longer use, doing paid surveys, or helping kids improve their skills. school.
If you speak another language, offering translation services or language lessons can be a great way to earn extra money.
With language website italkifor example, you can earn up to around £60 an hour offering lessons as a certified teacher or just as a native or near-native speaker who enjoys teaching.
The application The process is relatively simple and, if successful, you could be giving your first lesson within a few weeks.
If you prefer to work on written documents, you can also become a paid translator by joining Gengoa participatory translation service.
It’s free to create an account, and the site claims that with British English as your primary language, you could soon be making hundreds of pounds a month.
But you’ll need to pass a two-part test in your chosen language pair, as well as a Pro test to qualify for higher-paying jobs.
DISASSEMBLE YOUR SCHMUTTER
Selling unwanted clothes and accessories online is probably the easiest way to get an immediate cash injection, while doing your part for the environment by reducing fashion waste.
With Vinted, for example, you can put an ad online in minutes. All you have to do is download the free app, add photos and description of the item you want to sell, set your price, and wait to hear from interested buyers.
If you are good with your hands, you can also register for Etsy to market your creations.
Looking to earn some extra cash to pay your way through college? My tutor is an excellent starting point.
The idea is to connect cash-strapped students with school children and teenagers who need extra support in subjects such as math, geography and biology.
You can earn up to £20 an hour upfront – potentially more as you gain experience – and all you need is a laptop and a WiFi connection.
But the site is looking for:
- students or recent graduates from one of the 60 UK universities listed;
- people with A grades in Maths, English or GCSE or A-Level Science.
Prospective tutors must also complete an application and do a 15-minute video interview with someone from MyTutor headquarters.
With online surveys, just sharing your opinion could increase your annual spending power by up to £200.
The easiest way to get started is to register on a site such as I say (formerly Ipsos), which then sends you alerts for surveys for people like you.
You’ll usually need to spend around 15 minutes answering the questions, but in return you’ll get a predetermined number of reward points which can then be redeemed for vouchers for retailers such as Amazon and John Lewis.
You can also earn up to £100 by joining a market research discussion group, many of which can now be done via Zoom, Teams or Skype.
WIN A BOB OF LITTLE JOBS
From hairdressing to assembling barbecues, sites such as Airtasker match people who need a job to do with those who can do it.
Client users simply post the task they need to complete and then view the profiles of relevant Airtaskers in their area.
If, as a potential Airtasker, you are selected and are happy with the proposed fee, you then contact the client to arrange how and when you will complete the work.
You can also increase your chances of finding work by contacting clients to complete a listed task.
Payments are made through the site’s secure payment system, through which Airtasker claims you can earn up to £2,900 per month if you put in the hours.
Registration is free, as is finding a job. However, there are service charges on all payments you receive.
Although there are many real opportunities to make money online, there are also many scams.
So beware of “opportunities” that ask for an upfront fee or involve sharing your personal information, and avoid pyramid schemes that force you to recruit new participants to make money.
Also remember that if you start earning more than £1000 a year online, or if you are already self-employed and earn more than that, you will have to pay tax on your earnings as part of of the self-assessment tax system.