Here’s How You Can Extra Cash For Christmas
It may be the most wonderful time of the year, but Christmas can also take a serious toll on your finances. With stacks of presents to buy for the kids, nights out to attend, and everything for the big festive feast to order, it’s little wonder that many of us rely on credit cards and loans to see us through until the New Year. In fact, the total cost of festive gifts, drinks, food, and travel takes us on average 14 weeks to pay off, meaning that many of us will still be paying off our Christmas debt until April (PiggyBank).
But, there’s no need to let money worries dampen your festive cheer. December may be just around the corner, but there’s still time to make some extra cash to tide you over until the New Year. Here, you’ll find three simple ways you can boost your income, so you and your family can enjoy a very merry Christmas indeed.
1. Use matched betting to turn free bets into cash
If you haven’t yet joined the thousands of people across the UK who are generating an extra income through matched odds betting, this is the perfect time of year to get started. If you’re not usually a gambler, don’t worry — while matched betting does involve betting sites, it’s much lower risk, and you don’t need any experience to make money. In fact, you don’t even need to be that into sports!
Matched betting essentially allows you to turn promotional free bets into profit, using maths to avoid risk and ensure a return. While it might seem complicated at first, it’s actually surprisingly simple once you get to grips with it: take a look at this guide to matched betting from OddsMonkey to learn more about how it works and how to get started.
Not only is it fairly straightforward to do, but all of your earnings will also be completely tax-free. Weekends are usually the most lucrative times, as this is when betting sites offer lots of promotional deals to coincide with sporting events. So, it’s also a good option if you’re at work during the week.
2. Cash in on your talents
If you have a knack for arts and crafts, you might be able to generate some extra cash by selling your creations. Lots of people are keen to buy unique items as gifts so, whether you’re a dab hand at painting, drawing, sewing, knitting, or even woodcarving, there’s sure to be someone interested in your work. It doesn’t necessarily need to be a gift, either: handmade Christmas cards, wrapping paper, gift bags, and decorations are also popular ideas.
There are lots of Christmas markets and craft fairs leading up to the festive period where you might be able to sell your wares, so ask around in your local area to find your nearest one. Or, you could set up an Etsy store and list your arts and crafts creations on there.
3. Sell your unwanted goods
There’s nothing like a good declutter, and selling your unwanted belongings can be a great way to make some quick cash. So, set aside some time this weekend to sort through any unwanted junk that’s been gathering dust in your cupboards (including that awful secret Santa gift from last year). There are plenty of selling platforms you can use for this, although you should match the site to the sort of items you want to sell:
- Electronics: CEX is a great place to sell used games consoles, video games, old phones, and other electronics.
- Toys: If your kids have more toys than they know what to do with, sites like Toy Hunter let you sell used toys for cash. This is also a great way to clear some space in your little one’s room for all the presents they’ll be receiving this year!
- High-end labels: If you’ve got an assortment of designer bags, shoes, clothing and accessories that you know you probably won’t wear again, they might fetch a good price on auction sites like eBay and The Luxury Closet. Remember that good photography can make a big difference to the success of your sales!
- Everything else: Boot sales offer a simple way to sell on all manners of unwanted knick-knacks. But, just remember that you generally won’t make huge sales on individual items, so they’re better suited to selling low-value items. You can find your nearest sale on Car Boot Junction.
Not sure how you’re going to cover the cost of Christmas this year without running into debt? There’s no need to panic. As long as you spend a little time earning some extra cash using the methods we’ve shared here, you should find that you can have a wonderful celebration without breaking the bank.