This is a collaborative post by Elle Jo.
It may be a cliche, but most people can accept that money plays at least some part in making the world go round. From the mortgage you’re paying off, to the food you buy to keep yourself alive, there is always something out there demanding a slice of your funds. This leaves a lot of people fervently searching for new ways to save money in their normal life. To help you out with this, this post is will be exploring some of the easiest ways to try your luck at either saving or earning some money.
Something Competitive
To begin, most people have a talent or skill in the form of a hobby or physical activity, and these can often be used as a way to win some financial benefits. Playing video games, for example, is quickly becoming a big money maker for those able to play well enough in competitive titles. If you want to take part in esports, you’ll need to find a game which you can win at a very high frequency. Of course, this sort of goal is quite lofty, but there are loads of other routes you can take in a similar vein. You just have to make sure that your winnings will be worth the time you put in.
Going Once!
Sometimes, saving money requires a small upfront investment, and you need to be quick off the mark if you want to get a good deal. Websites like Dealdash enable users to buy big-ticket items at a fraction of their value. These work in the format of an auction, and you have to pay for bids, explaining where the hosts are able to make their money. While you have to pay to take part in the auctions, you are still likely to save a good deal of money if you make a purchase. Using a website like this effectively will take some learning. Thankfully, there are loads of sites out there which can help with this.
The Bank
Not a lot of people realize that their bank and other financial organizations hold monthly sweepstakes with prizes worth a small fortune. This is usually done through savings accounts known as bonds. You will gather more entries with the more you deposit, giving you a good incentive to save. Each month, if your entry comes up, you could be in line to win a portion of the period’s interest. Of course, along with this, you will generate regular interest in the process, making it easy to gain from your savings even if you don’t win.
There are loads of tips and tricks out there to help you with your finances. Some come in the form of a competition, while others will be much more random, but they all have benefits which can’t be ignored. When you’re using tools and resources like these, you should always work hard to make sure that understand them. This might take a little bit of research, but it will be worth it if you’re able to save some money.
