6 ways to boost your income and make money from your home

Ever caught yourself daydreaming about a bigger monthly pay packet? You’re not alone. According to a research paper (A Relational Analysis of Top Incomes and Wealth: Economic Evaluation, Relative (Dis)advantage and the Service to the Capital) conducted by the London School of Economics, even those who are in Britain’s highest-paid 1% feel they aren’t as well-off as they could be. And, although we know it can be difficult to find the time to juggle anything but your full-time job and social life, it’s possible to boost your income without leaving your home.

Here, we will be discussing five ways you can boost your income and make money at home, including things such as matched betting, selling unwanted belongings and freelancing.

Try your hand at matched betting to boost your income

While some people might be put off instantly by the mention of betting, matched betting is a low-risk way to make money without needing any knowledge if sports. It’s a way to turn free bets offered by bookmakers into money,and, as the technique relies on maths rather than chance, there is a substantially lower risk of you losing out. This method can only be affected by human error and changing odds, so it’s important to take the time to learn properly and to check what you’re doing before submitting bets.

Invest your winnings

A good investment can help you earn a fortune in the year 2021. There are people who might advise on investing if you win the lottery that can be a game changer for you. After all, there is a great number of people who win handsome prize money after playing lotteries. 

Participate in paid online surveys

One easy way to get some extra cash in your pocket is to participate in paid online surveys. These can include answering questions or testing new products and giving feedback. And, as there are so many sites out there looking for consumer opinions, this could be a great way to top up your weekly income.

Although there are plenty of trustworthy sites to do this on, you do need to be wary when signing up to some. For legitimate paid online surveys we recommend MySurvey, i-Say and MindMover.co.uk. If you’re into more interactive things, you can also sign up to Swagbucks.com and be paid for surfing the web, as well as watching videos and playing games.

Sell your unwanted belongings

We can all be guilty of hoarding clothes, furniture and other items that we no longer use. But, in doing this, you could also be tying up excess cash in these things which people would pay to take off your hands. There are plenty of selling sites which don’t require you to leave the house (until it comes to posting items out!), so you can list your unwanted belongings while continuing with your daily routine.

Sites such as eBay, Gumtree and Depop are all trustworthy options and have procedures in place to offer seller protection so you don’t lose out. Plus, as you can sell almost anything on these sites, there’s even more scope for making money.  And even if you’re looking more specifically at selling a smartphone or a tablet, Plunc is a good one, especially for selling iPads!

Get involved with freelancing

Everybody is good at something, and if this so happens to be your passion you can turn your talent into cash. For artsy people, there’s the possibility to create your own crafts, fashion and soft accessories to sell on creative-led websites like Etsy — check out their guide to selling on Etsy to help you get started.

If the above isn’t for you, don’t worry! There are sites such as Upwork.com that advertise freelance work for industries like mobile and web development, as well as advertising and writing. This can all be done from your home and around your work hours — just be sure to check that there is no clause in your current employment contract restricting you from working for anybody else.

Open up a new bank account
Although this may sound like a hassle, it usually only takes a couple of clicks for you to set up a new bank account. And, with so many offering appealing cashback offers or rewards for using contactless payments, you’ll soon have some extra cash in your pocket. Some banks will even pay you a lump sum just for switching to their bank account, so if you’re in need of a quick cash top-up and are short for time, this could be a good temporary solution for you.

To find these great deals, we recommend regularly checking sites like Moneysavingexpert who update their guide to the best bank accounts weekly, so you can always find great deals.  

We would all like some extra money in our pocket, but when you’re trying to balance your work and social life, it can be difficult to find the time. But, hopefully you will find a hassle-free and less time-consuming option in our top five tips.