Boosting Your Income: 5 Hacks
We understand that sometimes money can get tight. Here are 5 ways you may be able to boost your income which may ease your financial stress.
In this article, we'll cover:
Do you find yourself to sometimes be stuck for money between your pay cheques? Don’t worry – we have all been there!
Here are some financially boosting hacks that may allow you to get some extra cash, so that you have more money to spend on the important things in your life.
01. Reap the rewards
Make the most out of company benefits that you are entitled to. This could be anything from employee discounts, supermarket loyalty rewards and insurance perks. You can use this benefits calculator to see what you are entitled to.
02. Cancel unnecessary subscriptions
This one is pretty much self-explanatory – think about what subscriptions you need and which you use. Do you really need NOWTV, Netflix, Sky TV and Disney+? Prioritise your subscriptions and cancel any you don’t need – this could boost your income significantly.
03. Get paid to give your opinion
A simple way to earn some extra cash from time to time, is to complete online paid surveys for businesses. You can earn anything from £1-£100 when completing a survey – make the most of this!
04. Consider working overtime
If you have the option of picking up overtime, this may be worth doing if you are looking to boost your income. If your employer pays overtime and allows it you could try extending your shift by an hour or two or coming in slightly earlier each day. You would notice a significant increase on your next payday which would make it all worth it!
05. Have a clear-out
We are all guilty of sometimes holding on to items we no longer use – consider selling these items online for extra cash. That coat you never wear, that game you no longer play, that bag that hasn’t left your house in over 2 years; could all earn you some extra cash.
Struggling with debt?
If you are struggling for money due to paying off large amounts of debt, or you need to save more money in order to pay of your debt, we may be able to support you.
Here at Consolidation Express, we offer consolidation loans of up to £75K, that may reduce your debt repayments into one that if more affordable for you.
Our online application will not harm your credit score, as initially we will only conduct a soft credit search on your credit file. We also consider all credit histories, so apply now and see how we could help!
Consolidate Your Debts
By: Leah Cusick.
APRs from 5.8% to 89.9%
We are a broker, not a lender.
Unsecured Loan Representative 69.9% APR
Borrowing £7,500 over 36 months, repaying £502 per month, total repayable £18,083. Total cost of credit £10,583. Interest rate 69.9% (variable). The lenders on our panel offer loans for 12-60 months, with rates from 5.8% APR to 89.9% APR. The Representative Example is based on all loans paid out by lenders between 19th Apr 2022 and 23rd Dec 2022.
Secured Representative 11.7% APR
If you choose to add fees to the loan: Assumed borrowing of £25,000 over 120 months, plus a broker fee of £2,500 and a lender fee of £250 would result in monthly repayments of £345.55, the borrowing rate is 8.6% (variable), the APRC is 11.7% (variable), total charge for credit £16,466.00 and the total amount payable £41,466.00. You can opt to pay the lender and/or broker fees upfront, your adviser will discuss these options with you.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it. All rates vary subject to loan amount, loan type and status. Repaying your debt over a longer period of time may increase the amount you pay.
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