Are you looking to boost your savings without having to put in the effort to get it? This is why you should go through this list of methods to earn cash for nothing.
Perhaps your parents have informed them that you shouldn’t be able to get money for nothing. But, unfortunately for them, that simply isn’t true. We’ve found a bunch of ways to earn cash with minimal effort.
That ‘effort’ element is essential. Lots of other guides to making money without effort include paid online surveys, but we believe it is false. Being required to do more that the minimum you can do to earn money isn’t for free, but it does mean you’re working.
In that mind, we’ve only included the most simple, simplest ways to make free money. And don’t worry that you’ll still earn £100s!
Are you able to have some time to spare? Our list of ways to make money quickly may require some effort from you but the results will be more than worth it.
Scholarships, bursaries and grants
Most of you are aware that students can receive cash in the form of bursaries, scholarships and grants (and that, unlike Student Loans, these don’t have to be repaid). What you may not know is just how many people are eligible for this free cash.
Many students assume that these loans are only offered to those who have the top grades, a aptitude for a specific sport or musical instrument or those from less-privileged backgrounds. Although they can receive support there are many who can benefit from this free money as well.
As we’ll explain in our guide to the most bizarre bursaries, funding’s accessible to students for various reasons. If it’s being vegetarian, having a passion for FIFA or simply having the right name you can get free money for just about anything. Therefore, there’s no reason to not look for funding yourself.
Offers for signing up
Creating an account with a firm selling… Well, anything? Check to see if there are any sign-up deals that are open to customers who have not yet signed up.
In addition to offering an initial discount, lots of businesses will give you free cash for signing up. You might have make a qualifying purchase prior to signing up, but if it’s something you were going to buy , it’s absolutely no cost cash.
Sometimes the reward will come in the form of the form of an Amazon voucher. However, as Amazon sells just about everything, a voucher can be equivalent to cash. And if you follow our Amazon shopping tricks, you’ll get bargains.
There are numerous signup offers that are available. Our favourites are the £5 reward for signing up to OnePoll along with the £10 bonus for signing up to Monese or Curve (you may also discover the exact details of Curve card types are by reading our comprehensive guide).
You are also able to earn free cryptocurrency by signing up for Coinbase and then completing a couple of short tasks. However, you won’t be able to use it with retailers in general You can also exchange it to Bitcoin (some shops do have a policy of accepting Bitcoin) or trade it to £20+.
If you’re interested look no further than our deals page for all ways to earn free money by signing up with companies.
Money to switch banks or utility supplier
One of the first items we advise students to do before they start uni is open a student bank account. But did you realize that you could switch accounts with your bank even if you’ve already begun university? Plus, the best part is that you could earn cash in exchange?
The process of switching bank accounts could not be simpler. No matter if it’s cash or an Amazon voucher (which is, in fact, as good as cash anyway) There are a lot of banks that offer up to £100 in order to convince you to change accounts.
And if you don’t have an account with a bank but you’re not worried. These deals are offered to new customers , too and not only those making a switch.
Make sure you double-check the conditions of each bank’s offer since you won’t be in the running for cash (if you’ve already completed the first year of university, for instance). Don’t forget that banks provide cash to non-students who want to switch banks.
Money for referrals to friends
We are in love with referral codes. With regard to how little effort it takes and the amount of money you could make It’s hard to think of a better strategy to earn free money in the UK than by referring relatives and friends to join some companies.
There’s actually quite a bit of overlap with our earlier tip. Some of the best referral codes are provided by banks, energy companies (Octopus Energy provides £50 credit) and broadband companies.
Often the promotions for new customers (like £100 for joining) have a similarity to the refer-a friend schemes. But there’s an important distinction: both you as well as the person you’re referring receive the benefit of a reward.
Sure, the biggest and best deals come from the banks and utility providers. However, many companies offer referral schemes. Some reward you with way of credit cards, whereas others will pay cold hard cash.
Cashback sites (which we’ll look at in the next section) and automatic savings apps are among the most reliable options for this (although the specific offers often alter). There’s a chance to earn as high as £15 per enrollment!
The main point is to look through all applications and services that you use to see if they provide an incentive program for referrals. You could be raking in the money in no time.
Request a refund on a student loan
There’s lots of erroneous information about the current situation in Student Finance in the UK. However, overall the repayments of Student Loans are generally sound. This is until problems with the system cause you have to pay back when you shouldn’t be.
In order to begin paying back your student loan two requirements must be fulfilled. First, you have to have graduated by the first April after your graduation. Then, you must be earning above the amount that is required to qualify to be eligible for a repayment program.
Find out if you’re due any tax refund
Student Loan refunds aren’t always the only method to get the cash you’ve spent.
In every year, the thousands of taxpayers across the UK do not pay enough tax. If you’re among the majority, you’re entitled the benefit of a tax refund.
You may have overpaid tax due to one of a myriad of reasons. The good thing is that there is no need to worry about whether it was the fault of you or not.
Furthermore is that it doesn’t matter if the event occurred in the past. You are entitled to the refund up to four years following the conclusion of the tax year which you paid more than.
Be aware that the average student earns less than the threshold of annual earnings for tax (currently £12,570 a year). If you believe you’ve paid tax when you’ve earned less than that it is advisable to consider applying for a tax rebate.
Earn interest by saving and current accounts
If you’re a student, you may not have a lot of spare cash floating around. If you’re and are able to save a few dollars, we’d definitely recommend putting it in an ISA or regular savings account.
Even though the 2008 financial meltdown, austerity measures, Brexit and COVID-19 may have been able to keep interest rates low for a time but there are some great offers out there.
Due to the rise in inflation £100 today will not be worth as much in a year’s time (you’ll still own £100 however it won’t be able buy you as much anymore).
In this way, it is recommended to conserve all of your spare funds as you can in an account with the highest rate of interest. Even if you’re not looking for the free cash you could make from interest, you’ll want make sure your money retains its value.
£1,000 free every year with an ISA for life
Owning a house may seem like a distant dream right now. But you can help to make it a reality by investing money in a Lifetime ISA (LISA).
With a limit of up to P1,000 per year the LISA is without doubt the most generous source of free money that can be imagined.
To get the full grand it’s necessary to pay an amount equivalent to £4,000 within your LISA in one tax year (April through April). But don’t worry if you don’t have that much to aside. The government will still offer you a 25% bonus for saving that is up to £4,000.
The maximum bonus you can earn from the Lifetime ISA is £33,000 (equivalent to 33 years, in which you make a deposit of £4,000 every year), which is certainly a lot of free money. However, as is the case with life there are a few issues to be aware of.
To begin, you’re able to only withdraw funds from your LISA if you’re using it to purchase a home, when you’re over the age of 60, or have been granted under 12 months for living. If you withdraw money for any other reason, and you’ll lose the bonuses you’ve received, as well as an additional percentage of your money.
Also, even though you shouldn’t put money into an LISA when you’re certain you’ll utilize it to buy a house or your retirement It’s the one which will yield the most free money.
Use cashback sites for online shopping
It’s been mentioned in this post on how to make money for free in the UK. If you’re a fan of making and savings money, it’s likely that you’re knowledgeable about cashback. But, just in case your situation isn’t so, below’s a brief explanation.
When you buy something online you can do directly or through the cashback website. If possible, we’d recommend using a cashback site.
If you shop on cashback sites, you’ll get exactly the same shopping experience as when you’re on the website of the retailer. However, the cashback site will track your activity and refund you a proportion of your total amount spent (or in some instances, a set amount).
Many of your top stores are cashback-based sites such as TopCashback and Quidco. Adidas, ASOS, Amazon, plus some retailers that do not begin with the letter A, are all on there. You’ll usually be looking at getting a maximum of around 5% back, but it’s better than nothing!
The biggest money is, like you’d expect, with the big purchases. If you’re purchasing car insurance or purchasing a brand new phone, cashback sites will pay you in excess of £100 to buy it from their sites.
You can also get cash back from supermarkets. Apart from cashback websites which offer money back for food purchases online, supermarket cashback apps offer up to 100% cashback on a whole variety of items from sweets to pet food.
Make use of cashback websites every time you shop online . You could earn a few hundred quid in free money every year.
Get paid to use the internet using Swagbucks
Spend your life online? Well, when you’re not constantly re-reading your favourite books, such as Save the Student guides (we all have one) it’s possible to be earning free money just for surfing the web.
One of the best ways to make money from Swagbucks is to make it the primary search engine you use. Even if that means saying goodbye to Google (or, god forbid, Bing), you’ll earn between 10 and 20 SB points (the virtual currency utilized on Swagbucks) each time you search for 10-20 times.
By using these numbers, we’ve worked out that doing your normal research for six months could earn you around £300.
However, the cash-back doesn’t end there – Swagbucks will also let you watch videos. It’s true that’s what the people are doing online.
It might be a little harder to earn money for free in this manner, as it’s not so simple as just looking for free money, and it’s often not accessible to all users. It’s certainly worth taking a look!
Check out our Swagbucks review for more information, or sign up to Swagbucks right now.
Earn money from walking
We’re all aware of the main advantages from walking: it’s cheap as well as it helps keep you fit and healthy, and it’s carbon-neutral. But what do we tell you if there was a fourth benefit to go for a stroll everywhere?
With apps such as Sweatcoin, BetterPoints and winwalk, walking is now even better than being free because it’s also a source for no cost money.
These apps monitor your movements throughout the day and reward your efforts with virtual currency. This money can be exchanged in gift cards at many popular stores as well as restaurants, and more importantly, for cash as well.
We won’t lie, you’re not likely to make it to the millionaire club through free money earned from free walking applications. Keep your phone with you when you’re walking around and you’ll soon observe the free cash trickling into.
Earn money for free through competitions
Now, let us be precise. If we say that you can win money in competitions, that’s no cost. We’re not talking about entering an online lottery that requires money and has less chance of winning than these unlikely things.
We’re talking about the hundreds, or perhaps thousands of competitions being held in the UK today that can be entered for free and can win you a hefty amount of free cash.
Elite level competitors (people who compete on the reg) claim to be able to participate in around 100 competitions each day. But that’s simply not manageable for the majority of us. If you try to do around 30 a week, you’ll end up winning a fair number of prizes (be it cash, things or even experiences).
One of our preferred methods to win cash is to take part in lotteries that are free. They usually require you to review results on a daily basis to claim the prize (if you’ve won the lottery, of course) However, with jackpots as high as hundreds of pounds, it’s definitely worth the few seconds to spend.
There are numerous contests that offer thousands of pounds worth cash for free.
Make sure you scan your receipts for cash
The last, but by no not the least on our list of ways to earn the most money is to use receipts. If you usually bin your receipts, or just ignore them entirely, you might be thinking about reevaluating your decisions.
Aside from making it harder to ensure your consumer rights, chucking your receipts could result in you losing free cash, too. So, make sure you keep a hold of them – at least long enough to snap pictures.
Apps that scan receipts like Storewards, Shoppix and Huyu pay you to upload copies of your receipts for purchases from any shop. Even though you’ll not get real cash for each receipt, you’ll be rewarded with coins or tokens whenever you submit.
If you’ve earned enough coin to be able to withdraw them and you’ll get your free money. It could be a voucher (including Amazon) or free cash (usually via PayPal).
It may take you several months to reach this point. If you consider the effort required, we’d say receipt scanning is certainly an effective way to earn no cost money.