Need a little more spending money? Try these simple ideas

Claire Small
Authored by Claire Small
Posted Friday, January 22, 2021 - 5:39pm

Got your eye on something new? Or maybe you want to have more money to play with? Whether you need a new pair of work shoes or you’re already thinking ahead to the kids’ summer wardrobe, you’re going to need more spending money!

Unfortunately, many of us are struggling to find additional cash to spend on frivolous or additional items, even if we do need them. Rather than saving little by little, wouldn’t it be easier if we could just increase our spending money with a quick cash injection? Well, help is at hand! Read on to discover some simple ideas that can help increase your spending money in an instant.

Sell your scrap gold

I know what you're thinking – “I don't have any gold!” But you'd be surprised. Those gifted gold earrings you got from an ex, that broken necklace you stuffed in the kitchen drawer, those old gold coins you inherited from your uncle... the amount of gold in your home may surprise you. And what may surprise you, even more, is the price you could get for scrapping it.

Selling your old, broken, unwanted and unloved scrap gold is a quick and easy way to release additional spending money, whether you need to buy a new top or you need to pay the water bill, scrap gold can be a real financial lifeline. For more information on where to sell scrap gold, click the link.

Spend less

Ok, you might think it’s easier said than done, and perhaps a cliché, but if you want to free up more money to spend elsewhere then you should take a look at your current spending habits. The money you’re spending on lottery tickets or alcohol could be spent on other items you need right now. Spending less on your weekly shop by switching supermarkets and comparing prices, could free up even more money. Do you really need all those streaming services? Cutting back could make a real difference to your bank balance… by shaking up your spending habits, you may free up more money than you realise!

Re-negotiate with your landlord

Do you have a good relationship with your landlord? If so, you could consider re-negotiating with them for cheaper rent. Even if it's just for a few months while you increase your spending pot. Having an honest chat with them about your financial situation could spur them into a decision that's better for you. You won't be penalized for enquiring – and you won’t know unless you ask!

Borrow!

If you’re looking for a new dress to wear to a wedding or corporate event, consider borrowing or renting instead of buying new! You’ll save yourself a fortune and you’ll have more spending money to spend elsewhere.

And finally, think

You might be desperate for a new pair of shoes or a dress you’ve just spotted, but do you really need it? Sleeping on your decisions rather than reaching for your debit card could mean you spend less and could save towards a much worthier cause.

 

 

 

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