£30k in 2019

[Jazzybeats]

I’ve set myself the bold goal of overpaying my mortgage by 30k next year and looking for ideas for generating a bit of cash to do that.

So far I am:

• eBaying everything and anything
• starting an Amazon Merch business
• cutting any die t debits
• switching bank accts for the sign on bonus
• banking any “savings” I make day to day (eg buying a cheaper brand or on deal and bank the difference v full price)

Any other ideas? Ideally I am looking for passive income streams so something like matched betting is too involved.

Eat less
give up booze and fags
cycle to work rather than drive or bus or train
try to buy as little "stuff" as possible
turn the heating down

Like the thinking. Don’t smoke and am cutting back drinking (aim is to buy no new alcohol until all the booze in the house is finished - with dry January as well that means at least 3 months of not buying alcohol).

30k means 2.5k a month overpaid... so I’m up for some radical ideas....

Second job? Bar at weekend or something?

Scratch card? Only helps if you win...

Entering lots of free competitions

Babysitting or petsitting?

Following this! Dont think ill make 30k but anything will help!

We have a wedding/holiday/house renovations to pay for next year/year after!

I keep looking at matched betting.
Lots of threads on here, some people making ££££.
I will look into it more in the new year, have a look at that

Bookmarking to follow!

Oooh. I know it's a bit of a pain, but getting in on the yellow sticker shopping is great! I get some smashing bargains in the supermarket!

I read about someone who took leftovers from meals on wheels and then turned that into compost and sold it. I loved that!

From what I can read matched betting is really involved and you have to stay on top of it. 2 kids and working full time - am looking for much more passive stuff....

Wow what a fab challenge. I am aiming to get our savings from £12k to £35k in 2019 so will follow with interest.
We have a lot of it in premium bonds at the moment, it’s not guaranteed but a few very small wins have meant I’ve probably made 4% this year.

Matched betting is as involved as you want it to be really, to make loads, like anything you have to invest time and effort but it’s pretty easy to make at least a couple of hundred a month with out spending much time.

I’ve been doing it nearly three years and and this month am on track for the best month ever mostly due to darts nfl and football 😄

Video here that explains it

Using something like uswitch to check you are on best deals for bills can help a bit, nothing like £30k and you need to watch when deals end.

If you have any savings that aren't be used to pay down mortgage check interest rates out. Think you can get up to 5% some places.

www.thisismoney.co.uk/money/saving/article-2313021/Best-paying-current-accounts.html

Use Facebook market place and gumtree to sell stuff as well (no fees)
Repair and reuse what you have (instead of buying new)
Freecycle - great way to get rid of stuff that you can't sell and get stuff you may need and not pay for it.
Charity shops for new clothes if your desperate or need to get kids clothes
Review all insurances- all the comparison sites
Sign up to money saving expert email and forum (he is great and they have a whole tread on the forum for overpayers that can give you more tips)
Cut back on the little purchases- cups of coffee, water, drinks when out (take a plastic bottle of water with you) etc will save a lot of money.
Make food from scratch and cut out junk

Weekly/ fortnightly meal planning will save you from over buying and you can bulk prepare food

Could move savings to regular savings accounts to get 5% - that’s an extra £100....

Like the idea of meal planning. Maybe go bolder - vegetarian Monday - Friday, since meat is so expensive??? Any links to good meal plans for 4?

Probably worth reviewing your spending over last year or so to see where money is going. We must spend £60-£90 a week on takeaways and if say we stopped those could save £50-£80 a week.

Good thread. I want to try harder to cut back. Started making my own yogurt in the instant pot which is good & much cheaper than buying Greek yogurt every week. Check Aldi or Lidl weekly buys & bulk cook. Lots of cheap veg & make loads of soup for the freezer.

I'm trying to do a meal plan for jan as we're usually rubbish. Meat free days & stretch roast dinners - we have a chicken factory close by & all the M&S chicken stuff is a fraction of the price from the factory shop

It’s going on childcare 😞 nursery is very expensive and not lots I can do there.

Amazon is the other evil, prime needs to be cancelled....

Food is about £60 a week for 4 of us (kids under 4).

Challenge yourself to no new clothes?

jazzy same with us. Wont change much until ds goes to school in 2 years!

Move everything in your grocery cart down a brand level, (named brand to supermarket own) or everything down to basics and only move up on the things you can’t stand.

I have cooking weekends, where I batch cook huge amounts of food and freeze it. Makes it worth trailing to Aldi on those weeks, then have instant home cooked food available.

Aim for a few very cheap meals a week - dhal, egg and chips, jacket potatoes, veg soup and bread...

Loving all these. They will help I think, can definitely save an extra few k here.

Any ideas for new income streams? Amazon Merch seems fun (design t shirts and pick up royalties). Drop shipping seems difficult... maybe renting baby gear to tourists?!?

Would do this with kids but used to rent a room out when I had a flat years ago and that raised a few thousand a year.

Think some people do holiday house swaps or rent house out when away though don't think would do that.

There are freelancing platforms you can go on. Some people sell via ebay things made but lot of work if you've got 2 kids and work full-time. Financially gets much easier once start school.

Should say wouldn't