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Ways to make extra money in the cost of living crisis

From taking part in online surveys to applying for a charitable grant, here’s how to make money in the cost of living crisis

How do you make extra money to boost your income in the cost of living crisis? Now and again we all need to find some other ways to make money, whether it’s getting through a tricky month, saving for something special, or increasing your income in the long term.

With the UK in a cost of living crisis, the reality is that salaries and benefits just aren’t stretching as far as they used to and the government and many employers have yet to step in with meaningful help. We all need to find ways to make and save a little bit of extra cash from time to time, and there are safe and effective ways to do it.

They might only be a sticking plaster, but people are always looking for simple ways to get some extra cash. Here are a few ways to make extra money when you need it:

Top tips on quick, easy ways to make money online and offline

Take part in online surveys 

Yes, you can be paid to answer questions online. Researchers and companies are always looking for people to take part in their surveys. They tend to only pay a couple of pounds for your time, but every little helps and that could add up to hundreds of pounds a year. 

Be careful about only giving data to companies you trust – some websites aren’t always clear about how exactly they use your information. Also know that giving over your email address will mean you might be subjected to all of the company’s marketing in the future! It’s a good idea to set up a dedicated email address and check it regularly so you don’t miss out on a survey opportunity. 

A few popular options for online surveys are Branded Surveys, i-Say, Swagbucks and Google Opinion Rewards.

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Have a car boot sale

You can make a lot of cash quickly by having a big clearout and heading to a car boot sale. Some car boot sales are visited by hundreds of people every week, and you might just earn a lot of money. 

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Many have a small fee which sellers have to pay – so you’ll have to consider whether you’re likely to make enough of a profit. Sometimes, it works best to sell a lot of items for a cheap price. But make sure not to sell anything valuable for a knock-off deal – it might be better to sell your valuables online or to an antiques store.

Find out where your local car boot sale is here.

Become a Big Issue vendor

Could you or someone you know benefit from becoming a Big Issue vendor? You’ll have total flexibility to earn immediate cash today, work your own hours and manage your own time.

You only need yourself and some magazines – and we’ll give you 10 free magazines to get you started. You will also receive our special starter pack for free, get on-hand support from our staff, and your own pitch to sell on. 

Big Issue vendors can earn  £150 a week, based on selling 100 magazines. They can also get tailored support in areas such as healthcare, financial and digital confidence and sales coaching. Further training programmes and work placements are also available. 

Find out more about becoming a Big Issue vendor here. 

Sell your old clothes

You can sell your old clothes on websites and apps like Depop, eBay and Vinted. Make sure to take good quality pictures of your clothes where they are looking their best, be honest about the item you are trying to sell and be realistic about pricing. 

If you build up a good reputation as a seller, people will be likely to come back and the sites will recommend you before your competition. More people are turning to second hand clothing stores to buy their clothes in a rejection of fast fashion trends, so it’s worth getting on board with the trend yourself if you’ve got old clothes to sell. 

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Turn your hobby into a side hustle

Are you brilliant at knitting? Have you got a talent for arts and crafts? You could set up your own Etsy shop and sell your work online. You’ll only pay 17p to set up an Etsy account and list your first item – but after you sell an item, Etsy will charge you commission. 

There are perks to selling on a website like Etsy as it’s used by millions of people across the world. But there’s a lot of competition, and you’ll need to make sure your product has a high profit margin. Another way of doing it is to use social media – if you can build a good following, it will be much easier to sell products. 

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Make your money count for more and download the free app from the Apple Store or Google Play.

It takes a lot of organisation and planning to turn your hobby into something that will actually make you a profit, but many people make it work and it can be a lot of fun. 

Apply for a charitable grant

If you are struggling financially, you may be eligible for charitable grants. You can find out what grants might be available using Turn2Us’ grant search. Grants are also usually available to people who have no recourse to public funds and cannot claim welfare benefits. Turn2Us helps people to access grants and support services if they’re in financial difficulty – especially important now we’re facing a cost of living crisis. If you contact them, they’ll check what’s available to you.

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Big Issue Group is creating new solutions through enterprise to unlock opportunities for the 14.5 million people living in poverty to earn, learn and thrive. Big Issue Group brings together our media and investment initiatives as well as a diverse and pioneering range of new solutions, all of which aim to dismantle poverty by creating opportunity. Learn how you can change lives today.

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