Cash In!

All the best tips to save your­self se­ri­ous cash this year!

Women's Weekly (Malaysia) - - CONTENTS -

Get clued in on tips that can earn you se­ri­ous moolah

CHANGE Your Ac­count

No mat­ter how much you earn, sav­ing is tough and bank in­ter­est rates are of­ten pretty poor. But some do of­fer bet­ter rates than oth­ers, so it’s worth shop­ping around. Some of­fer in­tro­duc­tory bonus rates of up to

3 per cent for the first three months, while oth­ers of­fer ex­tended bonus rates. Com­pare ac­counts at com­par­i­son sites like Ring­gitPlus and iMoney to find what’s best for you.

Get Paid To Be OPIN­ION­ATED

Earn a lit­tle ex­tra by sign­ing up to com­plete on­line sur­veys for cash. One of the most pop­u­lar sites is www. mo­brog.com/my, which is free to join and pays you via PayPal for ev­ery sur­vey com­pleted. Typ­i­cally, each sur­vey will earn you on RM2 and RM10 on av­er­age. You’ll also earn when you rec­om­mend friends – you get paid once they’ve com­pleted three sur­veys. Money for jam!

Save On FLIGHTS

Ac­cord­ing to re­search con­ducted by skyscan­ner.com.au, the best time to book flights is 17 weeks be­fore your de­par­ture date. This can save you as much as 5 per cent of your to­tal cost – cash for cock­tails when you get there!

Be­come a SHOP­PER

If you love shop­ping and travel a lot, sign up with BuyTheWay (www. buytheway.com.my), a plat­form that con­nects you with buy­ers look­ing for prod­ucts from a cer­tain coun­try. Look for buyer re­quests and if it co­in­cides with your trip, of­fer­ing to buy the prod­uct for them can help you earn some cash as well!

Learn To Love SPAM EMAILS

See spam in a new light by sign­ing up for news­let­ters from your favourite shops, air­lines and ho­tels. Spe­cial of­fers and dis­counts are of­ten only sent to email sub­scribers, so it could be the per­fect way to save on that Bali break you’re lust­ing af­ter. Jet­star and We­b­jet both of­fer great sales previews to their sub­scribers be­fore open­ing them to the pub­lic, and re­tail­ers such as Cot­ton On al­ways give loyal cus­tomers a headsup on dis­counts be­fore they be­come avail­able in store.

RENT OUT A Room

If you have an ex­tra room in your house, why not give it a go? It’s a fairly sim­ple way of mak­ing some ex­tra money. You can ad­ver­tise your spare room to po­ten­tial ten­ants on sites like Room­ster (www.room­ster.com), Lo­canto (www. my.lo­canto.asia), Cari Bi­lik (www. cari­bi­lik.com.my), iBi­lik (www.bi­lik.my), and room.com.my (www.room.com.my).

Cash In With CASH­BACK

It might sound too good to be true, but you could make money sim­ply by shop­ping on­line through cash­back web­sites. Re­tail­ers pay to ad­ver­tise

on such web­sites, so any pur­chase you make earns you a por­tion of that com­mis­sion. Shop­back (www.shop­back. com.my), for ex­am­ple, is free to join, and lists hun­dreds of stores on its web­site in­clud­ing Lazada, Qoo10 and Ex­pe­dia. Ex­pect up to 30 per cent of the to­tal price you paid to be cred­ited back to your ac­count, depend­ing on the shop.

READ BOOKS For Next To Nix

If you love bury­ing your head in a book, but can­not af­ford to fork out the money on lat­est new releases, join BookMooch (www.bookmooch.com) and be­come part of the global book-swap­ping revo­lu­tion. You’ll cre­ate a pro­file on the site, then list the books you own that you’re happy to give away. For ev­ery book you post to an­other mem­ber, you earn a point that makes you el­i­gi­ble to re­ceive a book from some­one else. There’s no join­ing fee. The only money you’ll spend is on postage. Ex­pect to bring in av­er­age sav­ings of RM60 or more against the cost of buy­ing a new book.

Do AP­PLI­ANCE CHECKS

Dirty or leaky ap­pli­ances can run up your util­i­ties bill. Ac­cord­ing to Te­naga Na­sional Ber­had, the top three most utilised ap­pli­ances (air con­di­tioner, re­frig­er­a­tor, wa­ter heater) ac­count for the bulk of over­all house­hold en­ergy con­sump­tion in Malaysian homes and are also the cul­prits for ex­ces­sively high util­ity bills – the cost of op­er­at­ing a 1,200 watt re­frig­er­a­tor is RM8.20 a day! To re­duce your util­ity bill and pre­vent costly re­pairs due to ne­glect, con­sider do­ing reg­u­lar main­te­nance and ef­fi­ciency checks on these. For in­stance, clean out the fil­ter of your air con­di­tioner to im­prove its en­ergy ef­fi­ciency and sched­ule it to run only when nec­es­sary. Ad­di­tion­ally, clear out your fridge and check for leaks. This will put less load on its com­pres­sor and im­prove air cir­cu­la­tion. If you no­tice your ap­pli­ances are strug­gling to per­form well or are cost­ing you more than you ex­pect, con­sider re­plac­ing them with en­ergy ef­fi­cient mod­els. Though this will cost you money in the be­gin­ning, your en­ergy sav­ings can add up to RM3,000 per year.

Sell Your UN­USED FURNITURE

De­clut­ter­ing your home can reap more ben­e­fits than cre­at­ing space – it can earn you some ex­tra in­come. You also learn to eval­u­ate your “needs” ver­sus im­pulse buys for fu­ture spend­ing. If you have furniture that are bro­ken or re­dun­dant or even sel­dom-used items, find ways to sell or sal­vage them. You can sell gen­tly used items on clas­si­fieds sites like Carousell (my.carousell.com). Re­cy­cling your bro­ken items through the “Cash-For-Trash” pro­gramme can earn you some money also. Al­though the money earned is noth­ing to write home about, there’s enough feel-good in­cen­tive to want to do your part.

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