Top 5 Ways To Make Money Online

By Author: Jason Smith
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Do you want to quickly increase your income? You can get what you want if you're willing to put in some effort, and there are several paths to go.

In our guide, we detail forty-seven distinct approaches of making money online, from home, or with what you currently have.

To easily jump to the sections that most interest you, use the menu bar. If you want to continue your financial makeover, we also offer a guide on 5 ways to How to earn money from mobile?.

1. Pay off expensive debts before saving

Do not waste your money by saving while still owing a significant amount on high-interest bills.

You might expect to pay far more in interest on a loan than you would earn on savings.

If you owe £2,000 on a credit card with an 18.9% APR (with a 2.5% minimum payments), paying it off would save you £349 in interest charges over the course of a year, but putting the same amount into a savings account earning 1.5% would net you $30.

2. Start stoozing with your cash

Earning ...
... interest on a 0% purchase credit card balance is known as "stoozing."

You can avoid interest by making all of your regular purchases on a credit card that offers a 0% introductory APR. Instead of withdrawing the money from your checking account, you instead deposit it into a high-interest savings account.

You can make hundreds of pounds every year with this strategy if you make the minimum payment on your credit card each month and pay it off in full before the 0% APR offer expires.

A few years ago, when interest on savings was high, snoozing was all the rage. Since the savings rate has dropped off a cliff in recent years, it has become much more difficult to achieve. However, this astute strategy will likely once again shine as they begin to rise.

3. Check your benefits

A wide variety of government programmes exist to assist citizens in improving their financial situations.

The challenge is figuring out which ones you qualify for. You can use the excellent benefits checker on entitledto.co.uk to learn more.

4. Reclaim lost cash

There's always a chance you have some cash in a dormant checking or savings account.

The British government estimates that there is over £330 million sitting in inactive accounts.

Get the details here: Here is a guidance on how to recover funds from forgotten checking and savings accounts.

5. Try investing your money for better returns

You can get far better returns on your savings if you put it in stocks and bonds rather than keeping it in a savings account at a bank, and it's not hard to master the basics of investing in equities.

Investing in stocks and shares, however, is never without its share of potential dangers. Losing money happens to even the most seasoned investors.

For this reason, diversification among various investments is commonly advocated.