In recent years there has been a notable rise in young people falling into debt. With increasing living costs and astronomical renting prices, it’s of little surprise so many young people in the UK find themselves struggling with debt at one point or another. In fact 600,000 people aged 18-25 contacted debt charity, StepChange in 2014. Luckily flexible finance is on the rise, with more and more professional lenders offering installment loans focused on customer choice and responsible lending. This means that young people can have access to cash they really need and pay it back in sensible, realistic installments. However, to stop the issue from spiraling it makes sense to advise young people on how to avoid debt altogether. Here are just a few ways that you can make some quick and easy money to keep your finances topped up.
Sell your skills
Ever wondered if you could go into show business with your unique party trick, or whether your sketches and drawings are worth anything? No matter what your additional skills are, you could be a pretty penny from selling them online for a small fee. Using your unique hobbies and talents you can carry out small jobs for others, earn money and do something you enjoy all at once. You will be surprised how many people are looking for someone to do birthday messages over video, illustrated invites or looking for someone to write a speech. An online marketplace like Fiverr.com is a fantastic place to start.
YouTube yourself
Young YouTubers have soared to stardom in recent years, leaving their peers wishing they had set up a YouTube account back in 2009. It’s never too late! We can’t promise you will make it to the big time, as becoming an ‘online celeb’ does actually require 100% of your time and commitment. However, a small YouTube channel operating from the comfort of your own home can still make thousands of dollars a week, if you’re lucky. Share your unique talent, create ‘how to’ tutorials or even make entertaining shorts and you will be surprised by the profit you could receive from sponsored advertising.
Car ads
If you own a car that you really need, but you feel is a bit of a drain on your finances – get it to earn you some extra buck while you drive it. If you’re not particularly car-proud, you won’t mind driving around with stick on adverts on your car doors – especially if you can earn £60 a month. These adverts are easily peeled off and don’t leave any lasting marks, so there is no need to panic about damaging the paint. This is a great temporary way to make a bit of extra cash if you’re counting pennies.
Review music
If you spend a lot of your time listening to music, finding new music or even buying music – why not get paid to do it instead? All you have to do is listen to music that matches your own personal interests. Once you’ve listened, give it a score, a review and watch the money roll in. We’re not talking much, but the more you do the more you earn. Plus, if you love listening to new music, there isn’t really a down side to this method. Slicethepie is a leading site for music reviews – you may even find your new favorite artist whilst boosting your income.
Get Googling
Young people spend a lot of time alone, it’s just a fact. Spending time on Google doesn’t have to be unproductive. There is now a way you can earn some money just by simply clicking on relevant adverts every time you use Google, Yahoo, eBay and Amazon. This is a tried and tested service called Qmee that is helping internet users to make money from the time they spend online. You won’t be rolling in mega bucks, but it’s a really easy way to earn a few extra quid without having to go out of your way.
Based in Manchester, flexible lender, Peachy, offers a wide range of short and long term financial solutions.
