The UK is estimated to spend £25.6billion this Christmas with the average household splurging more than the national minimum wage in a single week this month. But for those that don’t want to start the new year out of pocket, Jasmine Birtles, CEO and founder of finance website MoneyMagpie.com shared her top seven ways to make quick cash this Christmas.
According to a survey done by NerdWallet, 32 percent of Britons plan to pay for Christmas with a credit card whilst 12 percent intend to take out a loan to fund their holiday season.
But, the final month of 2021 offers as many opportunities to make money as there are to spend.
Ms Birtles added: “Everyone has a way to make money whether it’s with their things, their skills, their time or their ideas.”
Become an extra
Not everyone is destined for stardom in Hollywood or on the West End, but being an extra for a film or TV show can be incredibly lucrative without taking much time or effort.
Pay and available work varies greatly throughout the year and in different locations so this may not be the most dependable option if one is looking for stable income.
However, being an extra as a side hustle can help one break away from the mundane nine to five with some cool benefits too.
The BBC currently offers around £86.40 per day for extras while ITV pays roughly £79.89 according to Ms Birtles.
Additionally, having unique skills such as horse riding or diving could mean bonus cash and extra screen time.
MoneyMagpie.com further explains how to go about separating scamming agencies from real casting agencies and all the other need-to-knows about being an extra on their website.
Rent out the green space
For those lucky enough to have a nice garden, they can easily rent it out as an allotment with the local council.
This not only brings in extra income through actually renting out the garden, but will also see the space get taken care of as those renting it plant in and care for the green space.
Allotment spaces are also in demand, with some councils reporting a three year waiting list.
Ms Birtles explained: “Measure the area you have available for rent to help you choose an appropriate price. AllotMe, a website hailed as the ‘Airbnb for allotments’, is a great place to list your space, with plots to rent for up to £150 a month!”
Growing fruit and veg
If having someone else in the garden isn’t one’s cup of tea, they can endeavour to make their own produce and sell it at markets or online.
There is a growing trend of people looking to buy locally and sustainably, as Ms Birtles added: “There’s no better time than now. You could make anywhere from £5 to £12 for a small box of vegetables sold! BigBarn is a website where you can sell your produce locally.”
Hidden gems in the home
There are plenty of items, that may not always be collectibles, that can fetch a hefty price on the second-hand market.
Items such as Beanie Baby collections, Polly Pockets or first editions of Harry Potter books have been known to sell for hundreds or even thousands of pounds.
For some items, simply selling on eBay may be all that is needed but Ms Birtles advised that seeing a specialist such as Peter Harrington London could also be useful.
Put adverts on vehicles
A quick and easy, although somewhat more unusual, way to make up to £100 a month is by using one’s vehicle as a moving billboard for companies.
The vehicle is usually wrapped with an adhesive vinyl displaying and the only real requirements are that the vehicle has a current MOT, road tax and insurance and that the driver is over 18 with a clean licence.
Ms Birtles said: “Agencies CarQuids and StickerRide put drivers in touch with potential advertisers so get in touch with them to see if your car and you would fit the bill.”
When it comes to technology there’s an estimated 40 million pieces of unused tech in cluttered homes across the UK.
Tech buyers have many reasons for seeking out these old, unused items and sometimes they don’t even have to be in working order.
Ms Birtles suggested: “Before you start selling, make sure you delete any data from your devices. You don’t want your personal information getting into the wrong hands!”
Recycling old tech can also be lucrative and MoneyMagpie.com shared their unique price comparison tool for users to see how much their unused phones could be worth.
Gold jewellery, accessories, electrical wiring or even gold teeth can be sold for a handsome profit.
Gold can’t be sold in the way old tech or unwanted clothes are, but rather through a pawnbroker, auction or even a scrap merchant if one wants the gold gone as soon as possible.
Ms Birtles cautioned that sellers should get their gold independently valued first so they know how much it is worth before accepting an offer.
Become a life model
As of 2020, there were over 55,000 employed artists in the UK, majority of whom use life models.
Unlike fashion or professional modelling, there are usually very few physical requirements needed and often the more unique one’s body is the more sought after they will be.
According to Ms Birtles, life models earn on average around £12 to £15 per hour with live drawing sessions lasting roughly three hours.
Reaching out to artists, art schools and people who teach adult art classes can be a good place to start.