How to get money fast

Nicole Gardner gives some money-making tips to make the most of the lockdown.

The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.

When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in.

Read More

The content of this article is provided for information purposes only and is not intended to be, nor does it constitute, any form of personal advice. Investments in a currency other than sterling are exposed to currency exchange risk. Currency exchange rates are constantly changing, which may affect the value of the investment in sterling terms. You could lose money in sterling even if the stock price rises in the currency of origin. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, and may have other tax implications, and may not provide the same, or any, regulatory protection as in the UK.

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More.

Millions of us are stuck at home right now. If your finances are strained, here are some ways that you could get money fast.

Get free money

The government and some banks are giving it away. Here are some ways you might be able to get your hands on some money – and fast!

Check these websites: you might be able to get Statutory Sick Pay, Universal Credit, or Employment Support Allowance, or you might be able to claim a grant through the Covid-19 Self-Employment Support Scheme.

You can get up to 100 simply by switching banks. First Direct and Raisin have bonus offers now, but they’re constantly changing. Check what’s available from different banks when you’re ready to switch.

Sell what you have to get money fast

Old stuff

We’ve all got things lying around that we don’t need. It might be that suit in the back of the wardrobe, the blender in the cupboard, or the old mobile phones in the drawer. The lockdown is a great time to get some money for them.

Gumtree, Ebay and Craigslist are well-known sites for selling almost anything. If you don’t want to list things online, Music Magpie will buy your pre-loved electronic devices directly. You won’t get as much money, but it’s fast and easy!

Art, craft and design

If you design and make things, or if you’ve got stunning photos languishing on your phone, you can sell them online too!

You could sell your handicrafts on Etsy (you can currently get good money for fabric masks), while Shutterstock and Alamy are two places to sell photos. If you use an iPhone, you can sell them photos straight from your phone with Stockimo.

If you know how to design eye-catching art, Zazzle will sell products with your designs in exchange fora  15% commission. Upload a design, and they’ll put it on the site. When someone orders something with your design on it, Zazzle prints it and ships it. The customer gets what they want, the platform sends you money. Simple and fast. What have you got to lose?

Attention

Your attention is valuable. Neobux pays you to watch ads, while Mistplay on Android pays you to play games. You won’t get much, but it’s worth a try.

Personal information

Personal information is valuable. It’s important to make sure you understand the implications of selling it: you can’t get it back.

Qmee’s browser plugin tracks your searches in exchange for cash rewards, while opting in to the Brave Browser rewards you for tracking your browsing. On Upvoice, you get gift cards for letting the plugin track the ads you see.

Do you know how to use the camera on your phone? Shoppix will pay you for sending them photos of your receipts, so you can get some extra money from your grocery trips!

Ipsos Media Cell gives you money for letting them track everything you hear: the radio, TV, or anything that contains audio. Install their app on your phone for a month, and they’ll give you a £20 voucher. You get another £10 a month to keep it installed. It’s a confirmed way to get money fast, but think carefully about your privacy: do you want them listening in?

Opinion

There are thousands of sites like 20 Cogs and Swagbucks where you get money for filling in surveys. It doesn’t take much know-how, it’s easy, but it’s not fast. Slice the Pie will pay you for reviewing up-and-coming music.

If you’re a bit more technical, try Respondent.io, Usertesting, or uTest, which pay more for a professional opinion. You need basic technical literacy, but if you know how to use a web browser, you’re qualified to have a look. 

Expertise

Even under lockdown, if you have the correct skills, you can transcribe audio, become a freelancer on Upwork, or answer questions on Just Answer.

It only takes patience to review phone calls at Humantic, or get a bit of money for repetitive tasks on Amazon’s Mechanical Turk.

Rent out what you have

You can’t rent a room in your house on Airbnb or Spareroom during lockdown, but you can get money from your empty parking space on Parklet or Just Park. You can even apply to Car Quids to put advertising on your car. 

Get money, don’t lose it fast!

As you can see, there are plenty of ways to get money fast. Protecting that money is just as important. Here are some tips:

  • Create a separate email address to sign up for websites

  • When you earn money, withdraw it ASAP. If the site shuts down, you’ll lose everything stored there

  • Spend gift vouchers ASAP. They could expire, or the retailer could close down

  • The sites listed here have good reputations, but beware of any sites asking for money up-front – it could be a scam
  • If you make a lot of money, don’t forget to declare your income to the tax man!

Should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be assessed. Consider taking independent financial advice.

MyWalletHero, Fool and The Motley Fool are all trading names of The Motley Fool Ltd. The Motley Fool Ltd is an appointed representative of Richdale Brokers & Financial Services Ltd who are authorised and regulated by the FCA, and we are permitted in this capacity to act as a credit-broker, not a lender, for consumer credit products (our FRN is 422737). The Motley Fool Ltd does not have permissions for, and does not advise on, investment products and services, but may provide information on investment products and services.

The Motley Fool receives compensation from some advertisers who provide products and services that may be covered by our editorial team. It’s one way we make money. But know that our editorial integrity and transparency matters most and our ratings aren’t influenced by compensation. The statements above are The Motley Fool’s alone and have not been provided or endorsed by bank advertisers. The Motley Fool has recommended shares in Lloyds, Tesco and Barclays.

More on Personal Finance

Note paper with question mark on orange background
Personal Finance

Should you invest your ISA in a model portfolio?

Which model ISA portfolios offer both high performance and low fees? Hargreaves Lansdown, Interactive Investor and AJ Bell go under…

Read more »

Economic Uncertainty Ahead Sign With Stormy Background
Personal Finance

Is it time to exit emerging markets investments?

Investors may well be sitting on losses from emerging markets funds. Is it worth keeping the faith for a sustained…

Read more »

Personal Finance

Share trading? Three shares with turnaround potential

Share trading has been difficult in 2022, but which companies have turnaround potential? Jo Groves takes a closer look at…

Read more »

Man using credit card and smartphone for purchasing goods online.
Personal Finance

Revealed! Why Gen Z may be the savviest generation when it comes to credit cards

New research reveals that Gen Z may be the most astute when it comes to credit cards. But why? And…

Read more »

Environmental technology concept.
Personal Finance

The 10 best-performing sectors for ISA investors

The best-performing sectors over the past year invested in real assets such as infrastructure, but is this trend set to…

Read more »

Road sign warning of a risk ahead
Personal Finance

Recession risk ‘on the rise’: is it time for investors to worry?

A major global bank has suggested the risk of a recession in the UK is 'on the rise'. So, should…

Read more »

pensive bearded business man sitting on chair looking out of the window
Personal Finance

1 in 4 cutting back on investments amid cost of living crisis

New research shows one in four investors have cut back on their investing contributions to cope with the rising cost…

Read more »

Image of person checking their shares portfolio on mobile phone and computer
Personal Finance

The 10 most popular stocks among UK investors so far this year

As the new tax year kicks off, here's a look at some of the most popular stocks among UK investors…

Read more »