Business & Investment

How the British earned extra cash on the blockade

Image Source: Getty Images



The working lives of many people changed during the blockade.However, according to a survey of 2,000 British people conducted by EduBirdie.com, We are a witty bunch.

Studies show what the British have done to earn “fast cash” while living under pandemic-related restrictions. Take a look at the four most popular side hustle.

Plot your way to our new and financial freedom Heroes Journey Tool!

MyWalletHero helps you learn how to manage your money, whether it’s debt repayment, tackling short-term money goals, or investing in the future.

Our latest tools can help you understand the next steps in your journey – Simply select a goal It best represents your current interest in getting started.

1. Sell things online

This is the most popular way to earn fast cash and 39% of people choose to sell online.

This is not surprising as we are all spending more time at home for the blockade. For many of us, it was a good opportunity to tidy up our homes and get rid of unnecessary things.

It’s a low-risk side hustle, but you’re unlikely to make a fortune. Eighty-five percent of those surveyed were less than £ 500 per month. Only 9% earned between £ 500 and £ 1,000 per month, and the lucky 7% earned over £ 1,000 per month.

If you’re considering selling online, see the article above. Any item you can sell online to make money And How to Sell Goods on eBay..

2. Deliver things

Thanks to the internet, many of us were able to shop during the blockade, even though we were trapped in our homes.

There are many reports of an increase in online shopping during the pandemic. As a result, delivery service driving is now a popular side hustle for 6.5% of those surveyed.

Most of the people who work in this role are men, and 71% of the workforce is men. About 44% are 25-44 years old and 20% are 18-24 years old.

With transportation and a smartphone, finding this kind of job is relatively easy. If you are interested, companies are always looking for new hires. Check online recruitment agencies for the latest jobs.

3. Participation in medical research

The more unusual side hustle was accompanied by participation in medical research. This is popular with 5% of those surveyed.

Most, or 63%, of the participants were less than £ 500 per month. Therefore, it is unlikely that you will make serious money, so it is best to treat it as a part-time job.

That said, there are some useful studies when shopping. About 14% earned between £ 500 and £ 1,000 per month and 33% earned over £ 1,000 per month.

If you are considering participating in a medical study, make sure you are aware of the associated risks. Many studies include checking for unknown side effects and inducing certain illnesses. Ask as many questions as you need and read the contract carefully before signing.

Up to £ 20,000 Duty Free Investment by April 6

Potential investors can save a lot of tax by taking advantage of ISA’s annual allowance before it is reset. Equities and Equity ISA allow up to £ 20,000 tax-exempt investments each year.

If you’re looking for more details, MyWalletHero experts have reviewed and ranked some of the UK’s top ISA providers.

Please note that tax laws are subject to change and the value of benefits will vary depending on the individual circumstances.

4. Work as a ride app driver

This work is popular with 4% of people due to the remaining demand for ride app drivers during the blockade.

Elderly people and shielded people often need round-trip transportation to and from hospital appointments. This is especially true during the rapid deployment of vaccination programs.

If you’re interested in becoming a ride app driver, check online. One of the biggest companies is Uber. Check their website for information on how to work as an Uber driver.

Take it home

Do you want to make some extra cash and need more inspiration?See the article about Unusual side hustle And Some easy ways to make money from anywhere in the UK..

Join the mailing list

If you are looking for more ways to work your money for you, sign up for MyWalletHero’s. e-mail magazine??You receive our team Tips for saving money, Lifestyle hack And Convenient Personal Finance “What You Need to Know” – Deliver directly to your inbox …

To sign up now, enter your email address below.


Some of MyWalletHero’s offers are from our partners — that’s how we make money and keep this site going. But does it affect our reputation? No. Our commitment is you. If the product is not good, our rating reflects it or we do not list it at all. We also aim to showcase the best products available, but we do not review all the products on the market. Click here for details.. The above statement is for The Motley Fool only and is not provided or endorsed by bank advertisers. John Mackey, CEO of Whole Foods Market, a subsidiary of Amazon, is a member of The Motley Fool’s Board of Directors. The Motley Fool UK recommends Barclays, Hargreaves Slan’s Down, HSBC Holdings, Lloyds Banking Group, Mastercard and Tesco.




How the British earned extra cash on the blockade

https://www.fool.co.uk/mywallethero/how-brits-made-extra-cash-over-lockdown/ How the British earned extra cash on the blockade

Back to top button