How to Make Extra Cash for Debt Payoff in Your Spare Time

By Hayley Hemmings

Want to overpay your debt but stumped for cash? Check out these quick ways to boost your income from your sofa.

When it’s hard enough to find money to make even the minimum payments on your debt, one thing is for sure – it’s time to reduce your debt load to take some of the financial strain away. But just how are you supposed to find the cash to repay your debt when money is already tight?

Well, you could always get a second job, but if you value your time, you might want to consider making extra money from home. Selling your old stuff is the first tactic many people turn to when trying to earn more money – and it’s a good thing to do – but there are only so many things you can sell, right?

So when you’ve done that, take a look to see if you can do some of these quick earners below – which thankfully don’t involve going anywhere near a survey or competition.


Get paid to test websites

If you’re internet savvy and you spend a lot of your time on the web, you can apply to become a website tester with platforms like User Testing. To apply, you’ll have to do a short test where your computer screen and voice are recorded whilst you carry out some user activities on a website.

If you’re accepted to become a website tester, you can earn $10 USD (between £7 and £8 according to the exchange rate at the moment) per test. Each test takes around 20 minutes. It feels a bit strange, talking to your computer screen, but after a while you’ll get used to it.

Make money risk-free with matched betting

Betting sounds like a surefire way to lose money – and it usually is. However, matched betting is risk-free, as long as you do it properly.

In matched betting, rather than risking your money on a bet, you’ll be taking advantage of the free bet offers that bookies hand out – and making profit from them.

It’s possible to make hundreds of pounds per month tax-free by doing matched betting from your laptop. However to make sure you won’t lose any cash, it’s a good idea to invest in a matched betting service with full instructions that explain exactly what you should be doing! Read this in-depth article on how it works here.

Sell your skills!

Do you have a flair for creative writing or altering images in Photoshop? Are you a Facebook expert or logo designer? Maybe you’re great in front of the camera? If you have any kind of skill that you can utilise in some way online, you can probably make money by hiring out your services as a freelancer.

Check out Upwork, a freelancing platform where you can bid for all sorts of one-off or long-term jobs. From data entry to article writing, right through to voice over artists, there’s a fair bit of money to be made on Upwork in exchange for a little work from home. This time next week, you could be quids up.

Share your space

If you have a spare room that you can rent out, this is one quick way to earn a decent chunk of money. What’s more you can earn £7,500 per year tax –free through the government’s Rent a Room Scheme.

Renting a room requires little effort on your part, other than having to get to grips with the side effects of having another person in your home. If you’re thinking of getting a lodger anyway though – and you use the extra money for debt repayment – you could be well on the way to financial peace before you know it!

Check whether you’re due a refund / payout

PPI - there I said it. You’ve probably been harassed by Payment Protection Insurance (PPI) companies just like I have for the last few years, but if you haven’t checked whether you’re due a PPI refund yet, you really should. A refund like this would be a quick way to make your debt headache go away.

Don’t waste money getting PPI companies to check for you though – you can do it all yourself and then you’ll get to keep all of your refund if you are due one. Follow this process to get started.

When you’ve exhausted the PPI route, there’s still work you can do in this area. Check to see whether you can claim for packaged bank account fees and other bank charges too. Take a look at this list to see whether you should be claiming for something rightly owed to you.

Top Takeaway

Ease the pressure on your finances by tackling your debt before it starts to become too much to bear. If you need to raise your income in order to overpay your debt, there are plenty of ways to do so that don’t involve you having to sacrifice too much of your spare time. Make sure to:

Set goals for how much you need to earn and how much time you have available to earn money.

Work out what you can do to start bringing in money, based on your skills and what you enjoy doing.

Finally, once you’ve earned extra cash, be sure to allocate your earnings towards your debt before it gets swallowed up to pay for other things!

Can you think of other ways to make money quickly online?


Author Bio: Hayley Hemmings is a freelance writer, blogger and tea addict from Yorkshire. She’s passionate about money matters, frugal living and loves anything handmade. When Hayley’s not writing, she’s most likely to be found enjoying snuggles with her little girl or walking her border collie through the beautiful Yorkshire countryside.  

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