Secondary Sources of Income

[HarpyHibby]

Does anyone do anything to supplement their full time wage? I work Monday - Friday 8-4 and earn a decent amount for my age but am finding it isn’t really stretching far enough, especially as I’m trying to save for my first mortgage. I can’t do any overtime in my role which is incredibly frustrating.

I’ve thought about getting bar work, take away deliveries and even the Amazon flex work but there are more cons than pros for each!

[McSwanky]

Does anyone do anything to supplement their full time wage? I work Monday - Friday 8-4 and earn a decent amount for my age but am finding it isn’t really stretching far enough, especially as I’m trying to save for my first mortgage. I can’t do any overtime in my role which is incredibly frustrating.

I’ve thought about getting bar work, take away deliveries and even the Amazon flex work but there are more cons than pros for each!Have a look at matched betting, if you're disciplined enough it can be a decent wee earner on the side, at least in the short term.

I can't stress enough though, if you are the sort that might develop any sort of a gambling problem, this isn't for you!

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[The Modfather]

Have a look at matched betting, if you're disciplined enough it can be a decent wee earner on the side, at least in the short term.

I can't stress enough though, if you are the sort that might develop any sort of a gambling problem, this isn't for you!

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Not to be a stick in the mud, but If budgets are tight I don’t think gambling is the solution. Only bet with what you can afford to lose, and if there’s not much disposal income left each month it might take longer to save a deposit as the temptation might be to chase wins rather than save as much as you can each month.

[lord bunberry]

Not to be a stick in the mud, but If budgets are tight I don’t think gambling is the solution. Only bet with what you can afford to lose, and if there’s not much disposal income left each month it might take longer to save a deposit as the temptation might be to chase wins rather than save as much as you can each month.
Your missing the point it isn’t gambling as you can’t possibly lose. It involves taking up bookies offers and prices and then trading them off with different bookies at more favourable odds. You’re backing both outcomes and pocketing the difference. It’s ideal if you’re not a gambler as it’s just basically data input. I tried it for a while, but because I like a bet I wasn’t disciplined enough. It’s fairly easy to do but I found it incredibly dull. There’s a few websites available to guide you through the process, you have to pay a fee to join, but you’ll make it back in the first day.

[McSwanky]

Not to be a stick in the mud, but If budgets are tight I don’t think gambling is the solution. Only bet with what you can afford to lose, and if there’s not much disposal income left each month it might take longer to save a deposit as the temptation might be to chase wins rather than save as much as you can each month.Just to be clear, I am not suggesting gambling as a way to make money! Matched betting is a zero risk way to make a bit of money on the side, as long as you are disciplined enough to treat it as a process.

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[Moulin Yarns]

Are you handy at anything that you can do or make for selling at weekend markets? My hobby earnings are between £2k and £3k annually

[patch1875]

I run my own business but it’s really quiet through winter so I drive for Uber.

It’s a bit tricky to do occasionally if you don’t have your own licensed phc but longer term you can rent cars.

[Slavers]

Have you considered escorting? There are lots of fairly wealthy but lonely women out there who will pay for your 'company'.

[Pretty Boy]

I done take away deliveries for a while. It's a pain in the erse but in the right place can be a decent earner. I was on minimum wage plus an extra £1.20 per delivery but on a busy Saturday you could do 4 deliveries an hour. For a 6 hour shift at the weekend I could walk away with between £30 and £40 in tips as well as between £20 and £30 in £1.20 extras and still had a weekly payment for my hourly rate to be paid on a Friday. Of course that has to be balanced with the fact it was a 2nd job so was taxed at full whack, there were plenty nights were you sat for 4 hours with only 5 or 6 drives with no tips and a lot of the cash in hand was spent on fuel. Also a lot of people seem to think it's a job they can look down on and you had to put up with ignorant *******s talking to you like you were ***** on their shoe, particularly common when you got a few drops at the uni halls.

I know a few people who have an interest in history and they have started doing small group walking tours around Edinburgh in their spare time. I'm not sure if there are licensing or insurance requirements but people seem willing to pay a lot of money to have a local show them round. One of my mates does an architectural walk, a history of religion in Edinburgh walk and then a tourist trap ghosts and myths one. 3 walks a week and he seems to do very well out of it. Probably fairly seasonal though. I also see people doing private car trips to Glencoe and the like, again no idea what the legal requirements are for such a venture.

[Antifa Hibs]

Does anyone do anything to supplement their full time wage? I work Monday - Friday 8-4 and earn a decent amount for my age but am finding it isn’t really stretching far enough, especially as I’m trying to save for my first mortgage. I can’t do any overtime in my role which is incredibly frustrating.

I’ve thought about getting bar work, take away deliveries and even the Amazon flex work but there are more cons than pros for each!

Probably easier to cut your outgoings than to increase your income?

My monthly outgoings where the following for non-essentials:

-Sky (TV and broadband) £69
-Mobile phone £44
-Amazon Prime £8
-Netflix £12
-Apple Music £10
-Gym £74

£217 a month - pretty scary really considering the bulk of it was hardly used

Now they are:

-Broadband fibre only with a freeview box for TV £26 (Vodafone for broadband - not missing the tele channels in the slightest)
-Mobile phone sim only contract 6GB data £10 (GiffGaff with a £120 chinese made smart phone - does everything my iphone used too)
-Amazon prime - cancelled as rarely used it and it encouraged me to spend money
-Netflix is £6 as I share it with my neighbour (both can watch at the same time and have our own profiles)
-Spotify £7.50 a month (see netflix above)
-Cancelled my fancy gym which was great TBH and went to The Gym which is £12


Now my monthly non-essentials are £61.50. That's a £155.50 saving per month - at minimum wage after tax that's what, probably 20 hours work! Over the year £1866. Check out the Vegetarian thread on this forum too. I'm eating meat maybe 2-3 times a week now as opposed to 2-3 times a day. I done it for health and environment over money but my shopping bills have decreased dramatically.

Go through your statement's and check your outgoings, every single one of them. See what bills can be cancelled, if they can't be see if they can be changed or trimmed to something cheaper, if they can't be can they be shared (netflix, spotify, prime etc). Likely hood is there will be plenty money to be saved.

[vein]

Have a look at matched betting, if you're disciplined enough it can be a decent wee earner on the side, at least in the short term.

I can't stress enough though, if you are the sort that might develop any sort of a gambling problem, this isn't for you!

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I think this is pretty much dead now apart from the initial sign up offers. I did it a few years back and made a good chunk of cash (around 4K over a year off the top of my head) but I got my offers removed from most of the bookies I signed up to. The reload offers that are around are not the best anymore too, used to be a lot of bet £20 for £20 free bet and the likes, now its mostly fivers that I am seeing and not the same volume of offers. Saturdays used to be amazing for smashing loads of offers and easily making around £100 risk free without too much effort.

With the mentioned discipline though it is maybe worth signing up for the start up offers and there are sites that give the info out for free, there is no need to pay for any guides for this. Money Saving Expert site have a dedicated board that has walkthroughs and another one I used was matchedbetting.com which has free guides and calculators.

I was in the same boat as the OP over 10 years ago as my wife was at Uni and even though we were lucky she was getting a bursary we had a young son in private nursery and the money coming in just about covered what was going out. I ended up getting a delivery job at the Caprice which was worth it alone for the free pizza every shift :greengrin It was knackering though as I was working 7am-3pm 5 days a week, then 5pm-12am on a Thursday and Friday plus a few hours on a Sunday night.

Best advice I am seeing on this thread is looking at the outgoings and trying to cut out anything that is not necessary. That Money Saving Expert site is great for that kind of thing, lots of articles, calculators and a discussion forum, its really worth having a look on there.

[Scouse Hibee]

Your missing the point it isn’t gambling as you can’t possibly lose. It involves taking up bookies offers and prices and then trading them off with different bookies at more favourable odds. You’re backing both outcomes and pocketing the difference. It’s ideal if you’re not a gambler as it’s just basically data input. I tried it for a while, but because I like a bet I wasn’t disciplined enough. It’s fairly easy to do but I found it incredibly dull. There’s a few websites available to guide you through the process, you have to pay a fee to join, but you’ll make it back in the first day.

Realistically what sort of cash can you expect to make from this sort of thing?

[Moulin Yarns]

Probably easier to cut your outgoings than to increase your income?

My monthly outgoings where the following for non-essentials:

-Sky (TV and broadband) £69
-Mobile phone £44
-Amazon Prime £8
-Netflix £12
-Apple Music £10
-Gym £74

£217 a month - pretty scary really considering the bulk of it was hardly used

Now they are:

-Broadband fibre only with a freeview box for TV £26 (Vodafone for broadband - not missing the tele channels in the slightest)
-Mobile phone sim only contract 6GB data £10 (GiffGaff with a £120 chinese made smart phone - does everything my iphone used too)
-Amazon prime - cancelled as rarely used it and it encouraged me to spend money
-Netflix is £6 as I share it with my neighbour (both can watch at the same time and have our own profiles)
-Spotify £7.50 a month (see netflix above)
-Cancelled my fancy gym which was great TBH and went to The Gym which is £12


Now my monthly non-essentials are £61.50. That's a £155.50 saving per month - at minimum wage after tax that's what, probably 20 hours work! Over the year £1866. Check out the Vegetarian thread on this forum too. I'm eating meat maybe 2-3 times a week now as opposed to 2-3 times a day. I done it for health and environment over money but my shopping bills have decreased dramatically.

Go through your statement's and check your outgoings, every single one of them. See what bills can be cancelled, if they can't be see if they can be changed or trimmed to something cheaper, if they can't be can they be shared (netflix, spotify, prime etc). Likely hood is there will be plenty money to be saved.

Also look at where you shop for groceries. When I retired I had time to do price comparisons, I used to shop in Tesco as it was convenient. Compared to Tesco my local supermarket, the Co-op, was about 5% more, Lidl was about 8% less.

Similarly do the energy switch, I'm paying around £30 less a month for electricity than I was with one of the big 6.

[Frazerbob]

Match betting is a definite winner, if you have the time and discipline (which I don’t) Mate of mine, who runs his own business but has plenty time on his hands, makes a couple of grand per month.

[Peevemor]

Stop smoking (if applicable).

I'm currently in the process of stopping (5 days and doing OK). Obviously there's the health argument, but the thought of saving the equivalent of £240-300/month is probably a stronger motivation.

[Cataplana]

From what I have heard, takeaway deliveries is a pretty good way to make money. Not only do you get the delivery charge, you also tend to get a tip.

Working the big schemes, is best, more affluent areas don't order as many, and are less generous with the tips.

[Killiehibbie]

I've noticed supermarkets advertising for evening delivery drivers recently. I'd imagine they'd have plenty of weekend work as well.

[Wembley67]

Doing garden work in season is a great earner, in the 'summer' and occasional weekend I pulled in around £8k just by clearances and soft landscaping. It's incredible how much people will pay to not get their hands dirty e.g. £700 to put down 5 tons of bark chips.

[Antifa Hibs]

Realistically what sort of cash can you expect to make from this sort of thing?

I done £500 although i was quite guilty of winning £26 back, keeping £5 back for a wee treble then transferring the remaining that cut into the profits

[AFKA5814_Hibs]

I lost hours at my work about 6 months ago and started working weekends with a Private Hire company. No outgoings other than £72 to get a licence for the year as I drive their cars and they pay for petrol. As I get a percentage of the meter, pay depends on how busy I'm kept, what jobs I get and tips, which I keep.

It more than makes up for the money I'm losing from my 'day job', though it is a thought to get up at 5am on a cold dark Sunday morning to do a 12 hour shift when I've been used to working a Monday-Friday 9-5 job most of my life.

[Jay]

My son worked for a chinese restaurant delivering just a couple of nights a week.when he was made redundant. Strangely tues nights were the biggest earner, with tips he could easily get £70 a night

[Rocky]

A word of caution if considering matched betting whilst saving for a mortgage - banks look at outgoings when assessing mortgages and I've heard that deposits to gambling sites don't go down well.

[Killiehibbie]

My son worked for a chinese restaurant delivering just a couple of nights a week.when he was made redundant. Strangely tues nights were the biggest earner, with tips he could easily get £70 a night

Quite a lot close on Tuesday meaning those that are open tend to be busier.

[The_Exile]

A word of caution if considering matched betting whilst saving for a mortgage - banks look at outgoings when assessing mortgages and I've heard that deposits to gambling sites don't go down well.

Open a separate 'matched betting' bank account to get around this. I done this when I was looking for a flat as didn't want loads of bookies incoming and outgoings showing on my main account.

[One Day Soon]

Open a separate 'matched betting' bank account to get around this. I done this when I was looking for a flat as didn't want loads of bookies incoming and outgoings showing on my main account.

1. Open a separate account for any betting of any sort - matched or otherwise. It provides some degree of firewall between what you are prepared to risk if it is actual betting and shows more clearly what you are making if it is just the matched betting. I have done matched betting and it is undoubtedly profitable - for free - but only if you have both the patience to do consistently, carefully and thoroughly. It is very, very boring too. As has been stated above, don't go there if you are an actual gambler.

2. Reducing the outgoings is absolutely the place to start here though. What can you stop spending money on altogether and then what can you keep spending money on but at a much lower cost? Checking this spending applies to everything without exception. eg the difference in price between a Sainsbury and Aldi shopping trolley is huge.

3. For anything that falls into the one-off spend category you should always test Top Cashback or equivalent. They don't cover every retailer or seller but they often do and frequently pay back decent percentages. This everything from home and car insurance policies through to Christmas and birthday presents.

4. Use the Money Saving Expert - Martin Lewis - website religiously. It has advice and insight on almost everything on both the spending and saving side.

5. If you have any ability to make, up-cycle or trade anything then consider doing so on Ebay and Etsy - perhaps even Amazon, though they are the living embodiment of a rapacious corporation ripping it out of the small guy if you are one of their sellers. Anything you can make to sell that is a little unusual, quirky or innovative has a market of some sort out there waiting for it. These sites expose you to many millions of potential buyers.

6. Start with your debt - if you have any. If it is credit card in particular then kill it because their interest rates are toxic.

Good thread, would be interesting to see it stay 'live' for a long period of time.