The new austerity measures from the coalition government mean many people will have to tighten their belts over the coming months. While sticking to a budget and finding ways to cut back are advisable, with a little imagination and effort you could find there are ways you can actually make money.
Moneywise has come up with 20 ways to make money during the credit crunch - some are easier than others but all of them could see you make some extra cash.
1. Track down old accounts
According to the British Bankers’ Association, there is more than £15 billion sitting forgotten in bank and savings accounts in the UK, with the average balance estimated to be £600.
The good news is that tracing lost funds has become easier with Mylostaccount.org.uk – a free online service that covers all UK bank and building society accounts. All you need to do is to go to the website and type in your details.
How to track down money in lost accounts
2. Claim tax credits
It’s always worth checking that you are receiving all the tax credits you are eligible for. Research by entitledto.co.uk found that people across the UK are collectively missing out on benefits and tax credits worth more than £8 billion a year. So while you’re tracing lost funds, why not visit the entitledto.co.uk website too and work out how much you could claim.
Take a look at our competition page for the latest prizes and giveaways.
3. Sort your savings
Another easy way to make money is to make sure your savings are working as hard as they can.
If you’ve had the same savings account for a while it might be worth shopping around because new customers tend to get the most competitive rates. Good rates come and go, but if you've had a savings account for more
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