50 ways to make money
Want to make some extra money quickly? Well, there are all sorts of opportunities to do just that if you're willing to put in a little bit of effort.
Our guide contains 50 money-making ideas, including clever ways to make cash online, by using your home or by using the money you already have.
You can jump to the section you’re most interested using the navigation links above. If you want to continue your money makeover, we've also got a guide on 50 ways to save money that you should check out afterwards.
Make your money work harder
One of the best ways to make some extra money on top of what you earn is simply to make the money you have work harder.
- Boost your savings rate
Interest rates on savings accounts are generally pitiful across the board at the moment, but there is still a big difference between the top-paying accounts and the worst accounts on the market.
In July 2017, Which? analysis revealed that a third (34%) of easy-access accounts pay less than 0.25% or less on balances of at least £1,000.
You can use the Which? savings booster tool to find out how much more interest you could be earning by switching your account.
Move your money into a Best Rate savings account to maximise the amount of interest generated. Head over to Which? Money Compare to find the best rates for your savings
Alternatively, you should check out the current accounts that pay interest.
Find out more: best bank accounts if you're always in credit - our tables show which account is best for you.
- Get paid to switch bank account
The introduction of the Current Account Switching Service has made it easier than ever to change bank accounts, which has made providers keen to tempt switchers.
Some banks will pay you cash or vouchers worth between £75 and £150 to switch your current account.
Find out more in: the best bank accounts for cashback - our tables show which account is best for you.
- Use your Isa tax-free savings allowance
The overall annual limit to invest in Isas tax-free is £20,000 in 2018-19, and it can be split between a cash Isa, stocks and shares Isa or innovative finance product.
It's worth exploring the best Isa deals on offer to ensure you aren't needlessly handing over the interest you make to the taxman.
Shop for an Isa using Which? Money Compare.
- Use a credit card that pays you
Cashback credit cards reward customers every time they make a purchase.
You receive a percentage of your spend back on your card as credit. By putting your everyday spending on the card, you could potentially earn hundreds of pounds a year.
However, it's important to avoid spending more than you can afford to pay back at the end of the month , as the interest charges are likely to outweigh any rewards.
You can use Which? Money compare to search for the right cashback credit card for you.
- Try your luck with premium bonds
Premium bonds don't pay any interest, but each bond is entered into a monthly prize draw in which holders can win up to £1m.
Since August 2014, the number of £1m jackpots doubled from one to two. There's no guarantee that your returns will be as high as those offered by traditional savings methods, but the opportunity to become a millionaire overnight can be tempting.
Find out more: our premium bonds guide shows you the odds of winning a prize, or watch the video below....https://www.which.co.uk/money/money-saving-tips/making-money/50-ways-to-make-money-aqkzr4g05b2k
