Pound to £5k Challenge

Week Eight

BANK SWITCHING IS BACK

Earlier in the Challenge we introduced bank switching as a way to make serious cash, and 2 of the big banks have re-introduced their offers:

• Lloyds Bank - £175 cash within 10 days

• NatWest/ RBS - £200 cash within 7 days

Need a refresher on how you can bag this cash without actually moving your main bank account?

WEEK EIGHT

Alongside the new bank switching offers which you can take advantage of, I wanted to introduce another great side hustle that can add some serious extra cash to your pocket & make sure you’re getting the most out of the money you already have!

MAKE YOUR SIDE HUSTLE CASH GO FURTHER

Of course, however you want to use the extra money you make from this Challenge is up to you, but did you know that you can grow this into a larger amount?

Here are some of my favourite offers that pay quite well if you have some cash spare:

FREETRADE FREE SHARE WORTH £10-£100

(OR £20 - £200 IF DONE ON SUNDAY 18TH FEBRUARY)

This offer is very similar to the Trading 212 sign-up offer but is just a different app and requires a higher deposit:

1. Message me the word “Freetrade” on Instagram

2. Sign up through the link I send you and verify your account including filling in the W8-BEN form (just a requirement to access U.S shares)

3. I would recommend opting for a General Investment Account as this is free

4. Deposit £50 into your Freetrade account within 30 days of opening your account

5. Within 7-10 days (often quicker) you will receive your free share

6. Once you’ve got your free share you can withdraw your cash but you are unable to withdraw your free share for 180 days so set a reminder!

WEALTHIFY £50 SIGN-UP BONUS

This seems like quite a commitment, but is actually a pretty good offer in my opinion:

1. Sign up to Wealthify with my link (below)

2. Choose your investment plan and risk level (go low to avoid the risk of losing much of the deposit) & opt for a General Investment Account

3. Deposit £250 and leave this invested for 3 months

4. Receive £50 and you can withdraw everything after 3 months

5. You can also refer your friends to this offer and each earn £50 for repeating the above

SIDE HUSTLE FROM YOUR SOFA?

I have covered a few of my favourite side hustles in this Challenge so far, from matched betting to mystery shopping but there’s another one you can do from the comfort of your sofa without ANY experience!

Market Research is a side hustle that pays you for your thoughts and opinions, this can be through surveys or testing websites but my main earner comes from calls with market research companies

GET A BETTER RETURN ON YOUR MONEY

Earning extra cash is all well and good, so long as you know how to make your money work for you

That’s why I always like to ensure that I keep our website up-to-date with the best bank accounts to keep your money in

You can check out the link below for the best savings accounts in the UK right now:

COMING NEXT WEEK:

A look at some other sign-up offers + the best ways to manage multiple income streams

Examples of how I have been increasing my income recently!