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5 ways to make some extra money

Posted 08 December 2015

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If you’re in debt, you may be thinking about how you can make some extra money, our blog is just what you’re looking for.

When you’re struggling with problem debt, it can be stressful wondering where you’re going to find the money to pay your essential bills, like food, travel, rent and utilities and keep on top of all your repayments.  You might already feel like you’ve cut your spending back to the bone and you can’t squeeze your budget any further. So why not tackle the problem from the other end and see if you can find ways to boost your income?

If you are already missing important essential bill payments or getting behind with bills or debt repayments then it makes sense to speak to a debt advisor about whether a debt solution could help you pay off what you owe at a rate that you can afford. If you think that’s what you’d like to do, please use one of the ‘contact us’ buttons on the left of the page to speak to one of our trained debt advisors.


Right, let’s crack on with the money making ideas!

1. Rent out your parking space

If you have a parking space that you don’t use, you could think about renting it out. Of course this only works if you have a parking space in a place that is desirable for others. For example if you live near a city centre and have your own off street parking this might be very appealing for someone who works locally and has to not only find a parking space, but pay the often sky-high amounts charged by city centre car parks. So, how do you go about doing this?

Well, first off, you need to see if you’re able to rent out your parking space. Some councils are prone to seeing this as a change of use and, as such, will want to charge you a £385 fee for a planning application for a change of use. So you’d have to work out if it’s worth it before taking the plunge. You can do this by looking at what parking spaces in your area rent out for on a website like Your Parking Space or JustPark. If it is worth it, get your details on one or the other and see what happens. It’s free to register on both sites, so you’ve nothing to lose.       

2. Get paid for your photos

This is just great – get your camera, go out into your local town/park/place of interest and snap away. But why would anyone want my photos? Well, stock photos can get a bit boring after a while. So companies are always looking for new images to buy and you might just have exactly what they are looking for. And, when you think about it, there are blogs and websites about pretty much every subject you could possibly think of, so there’s likely to be a market for any decent picture you snap. You will have to take high resolution pictures though, as that’s the level of quality that’ll be needed if the intention is to upload them onto websites. 

Here are a few websites to get you started:






3. Become a tourist guide

Why not use your knowledge of the area you live in to show other people the wonderful off-the-beaten track places that they may not otherwise find? What could be better than walking around an area you know and love and getting paid for it too? All you’d need to do would be to put together a few interesting facts about the places you come across, then practice your patter a few times on your mates, so you have a reasonably slick delivery when you take paying customers. Once you’re ready, sign-up to Vayable and away you go!   

And, if you try it and like it enough to fancy doing it as your ‘proper’ job, rather than to make some part-time cash, you should think about taking a recognised qualification in tour guiding from the Institute of Tourist Guiding

4. Let out a room to an international student

If you’ve got a spare room, and you don’t mind having strangers in your home (they are only friends you haven’t got to know yet!) you could make some money from renting out your spare rooms to international students. Now, this is different to renting a room to a student from this country, as they’ll be with you for the whole academic year, whereas an international student may only be with you for a few weeks. Some only stay for a week, so if you find that you don’t get on that well with them, it’s fine, they won’t be around for long!

Before you do this, there are a few things you need to think about. The first is if you’re in rented accommodation, you may have to find out if this is allowed. Your landlord may see it as subletting, so it’d be worth checking your contract or asking your landlord or agency if they object to it first. The last thing you want is to put your home at risk because you’ve breached the contract. And, if you’re still paying one, you need to let your mortgage lender know too.

The second is how willing you are to offer things like cooked meals for your guests. Most hosting sites do expect you to offer some kind of meal package too, usually including breakfast, a packed lunch and an evening meal too.

Finally, you also have to remember that these students are often under the age of 18, so you will have to be the responsible parent – they are under your care while in your home.   

But, the upsides are great. As well as earning you some extra money, you’ll also get to learn about the culture of the country your guest comes from and you may even make a friend for life too.     

Fancy it? If you do, you can sign-up using Hosts International or Homestay for access to all students. Or sign-up directly with schools, like these:

English First    


Embassy English  

5. Be a private tutor

Have you got a skill or talent in something that you could teach others? Do you have patience and a sense of humour? If you do, you could sell your skills and become a private tutor. People need tutoring in all kinds of things, for example, you may want to set-up a local English conversation class for those recently arriving in the country, or give knitting classes.

If you’re thinking you might like to teach children, it’d be a good idea to get a basic background check done. Although this is not a legal requirement for private, freelance tutors, it is somewhat of a reassurance for the parents of the kids you’d like to tutor. Now, you can’t request a full Disclosure and Barring Service (DBS), previously known as CRB check, yourself. However, you can request a basic DBS check from Disclosure Scotland – yes, that’s seems weird, but it is the place you need to go and you don’t have to be in Scotland to do this.

If you want some more advice about how to be a private tutor, the Home Tutors Directory is a good place to start.

So, there you have it – five ways to make some extra cash. If you have any other ways of making extra cash, legally of course, why not let us know on our Twitter account @Debt_AdvisoryUK.

A couple of final words of warning.  Firstly, beware of adverts – be they online or attached to lamp posts - suggesting that you can earn extra money via homeworking.  These may not be all they seem to be – for example some may ask you to send off money to get a “starter pack” that may never arrive or may be of little value if it does. Other common scams to avoid include anything involving overseas money transfers:  you may be getting involved in money laundering!  There are people out there who will exploit those looking to earn extra money – so if it seems too good to be true it probably is.

Secondly remember that if you do earn extra from any source and then you should declare it to HMRC. For example, if you buy clothes at a car boot sale, or in charity shops, for the sole purpose of selling them on, you’d need to register yourself for tax and declare your earnings. Whether you’d have to pay any tax or not on what you earn would depend on what your current working status is and how much extra you’re making. So, if you’re in any doubt, it’s best to ask your local HMRC office for the answers.

by Shelley Bowers

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