Cash making ideas: ‘No-brainer’ manner individuals may make £842 in January | Private Finance | Finance

Analysis from musicMagpie reveals the common family within the UK has an estimated £842.12 whole price of unused tech gathering mud at residence. Taking half an hour to listing this stuff and promote them on-line may assist individuals earn extra cash to place in the direction of rising vitality payments and the price of residing.

Ms Burke continued: “A lot so {that a} current survey I got here throughout estimated that 84 p.c of individuals worldwide couldn’t go a day with out their telephone ‘in hand’.

“Individuals are fairly actually ‘connected’ to their mobiles so to then give away this stuff can really feel fairly discombobulating even when they’ve a more moderen, higher, shinier alternative.

“It’s additionally essential to consider the ‘simply in case’ issue – many people aren’t absolutely assured in with the ability to switch all of our notes, contacts, footage and extra to our new system so we use our outdated units as a security internet to maintain maintain of this info.

“In keeping with Stephen Covey, writer of the best-selling e book ‘The 7 Habits of Extremely Efficient Individuals’, we’re almost definitely to procrastinate over duties which might be deemed ‘non-urgent’ and ‘non-important’ and sorting by our outdated units would fall into this class for many.”


The faster somebody sells their outdated handset, the extra money they’re prone to make, as telephones depreciate round 10 p.c the month after a brand new mannequin is launched.

Jon Miller, Group Chief Business Officer at musicMagpie mentioned: “It’s usually thought that it’s worthwhile to have a brand new telephone earlier than you concentrate on promoting your outdated iPhone, however the actuality is that it’s best to begin the commerce course of lengthy earlier than that by locking in a worth – that manner, you don’t want your new telephone handy earlier than you get a worth on your outdated one.

“As soon as a brand new iPhone mannequin launches, different fashions will start to depreciate in worth, so holding onto your outdated telephone for too lengthy will affect how a lot money you may financial institution. In our 2021 Annual Depreciation Report, we revealed the worth of older iPhone fashions will drop by round 10 p.c within the first month after the brand new mannequin is launched and by a mean of 23 p.c after three months.”

“In case you’re due an improve, promoting your outdated iPhone mannequin will assist make a substantial dent within the worth of your new mannequin – it’s a no brainer, so don’t wait round whereas your telephone decreases in worth.” 

With so many UK households admitting to holding on to unused tech, musicMagpie dug deep to disclose the highest 5 explanation why individuals can’t let go: 

  1. Protecting as a backup in case tech breaks (16 p.c)

  2. Not wanting to place outdated tech objects within the bin (13 p.c)

  3. Protecting in case a good friend or member of the family ever wants it (13 p.c)

  4. Not understanding what to do with unused tech as soon as it has been sorted by (12 p.c)

  5. Not being bothered to type by outdated tech  (12 p.c)

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