• Ellie

Five ways to make money from your sofa

You’re only human, so it isn’t a surprise that you want to have more money in your bank. In light of the fact we’re about to be spending a whole lot more time indoors and isolated, I’m going to give you a quick rundown of top ways you can boost your bank balance from your sofa.

Sell your unused items

If you’ve been putting off the inevitable seasonal clearout of your wardrobe, there’s never been a better time to do it. Clear out your cupboards, clean your clothes and snap away. With so many popular second-hand clothes apps such as Depop, Vinted and Vestiaire, you can upload all of your unloved items, cash in on them and send them to a new life in a new home. Added bonus points for reducing waste and helping the environment.

Get creative with your cupboards

Yes, it may be tempting to order Deliveroo to cheer yourself up in a gloomy climate, however this is also a great opportunity to clear out your food cupboards and dig out the food in your freezer. It’s common that we freeze food with good intentions to be efficient with food and only six months later, realise we’ve long forgotten this plan. If you’re staying indoors, resist the temptation to buy the entirety of the supermarket and be economical with what you’ve already got.

Sign up to survey sites

Depending on your level of patience, survey sites can be a good way to make some extra cash without having to leave your sofa. Survey sites partner with brands who need market research done by a large number of people and reward participants with money for taking part and completing the surveys. They cover all topics and often take no more than ten to fifteen minutes to complete.

Get efficient with energy spending

Utilities fall into the pile of unwelcome adulting necessities, which present themselves in bills and provide little to no enjoyment (other than the obvious heat and water). What many of us don’t know, however, is that even if you are in rented accomodation, you can switch your utility providers to cheaper rates. If your priority is environmental energy, you can often find providers who prioritise green energy. Do your research and save your pennies (or the planet).

Switch your bank account

Are you still banking with whichever bank you used in your teens? Or your student account which long ceased to have any benefit whatsoever? If so, you’re one of the millions of Brits who haven't switched bank. In the UK we have a switching service which takes all and any of the hassle out of the process, moving your direct debits and standing orders for you, so there really isn’t an excuse. The best part? Many banks regularly offer cash incentives to new joiners, so you can land over £100 for no effort!

  • Instagram
  • Facebook
  • Twitter

 TGTM provides information & articles for educational purposes only & is for general information only. In particular, the information does not constitute financial advice. or any form of recommendation & is not intended to be relied upon. For specific advice, please speak to an independent financial advisor.