Alternatives to selling jewellery when you need extra cash

Selling jewellery to raise extra cash can seem tempting when your bank balance is low, but there are several reasons why you might not want to do this. For example, your jewellery could have lots of sentimental value, or it may be likely to rise in value in future.

If you have been looking for ways to make a few extra pounds but don’t want to say goodbye to your valuable jewellery items, there are many other things you can try if you are trying to generate more cash.

Let’s take a look at some of the best options for making money without selling your jewellery.

Enter competitions

Hundreds of competitions are made available online and offline every day and are normally free to enter. You can find these competitions on social media sites or by Googling them. Some prizes involve cash, but you could find yourself winning a valuable item that you could then sell on for cash.

Complete online surveys

Many people have been able to boost their bank balance by completing online surveys. The money isn’t always fantastic, but you can complete them whilst you’re doing something you enjoy such as watching TV or listening to music. You can even do it on the move as long as you have an internet connection on your phone. You could make more than you might expect through online surveys.

Click on paid ads

Browser extensions are available that pay you to search the web. You can make a small amount of money for every ad that you click on once you have installed these. You might not make a fortune by doing this but your balance can rise rather quickly.

Get a loan

One other thing you can try if you need extra cash is to apply for a loan if you can afford to repay and understand the terms.

Change bank accounts

Another way to make extra cash when you need it is to move to a bank account that offers a better interest rate. If the account you’re currently using has a 0% interest rate, shop around to see if you could get a better deal. Some banks may offer you hundreds of pounds to switch as long as you meet their requirements. Read the small print to make sure you won’t be worse off further down the line.

See if you have anything left on your gift cards

It can be all too easy to forget about the balances you have left on your gift cards. If you do have any gift cards, it’s always worth checking to see if there is a balance available that you can use next time you want to purchase something from a retailer you have one with.

Refer friends

Many online stores and websites offer vouchers and discounts to encourage you to refer friends and family members. This can be rather lucrative if you know a number of people who are likely to be interested.

Turn your skills into money

Freelancing online can be a great way to make money alongside your usual day-to-day income. Many people have started out freelancing in their spare time and grown their businesses to make them their main sources of income over time. Some of the skills you could be able to sell online include writing, art and photography. Upwork, Fiverr and People Per Hour are just some of the freelancing sites you can sign up for when you want to make extra cash online.

Teach skills to other people

Tutoring can be another fantastic way to make money in your spare time if you want to avoid selling valuable items like jewellery to keep your bank balance in good shape. If you have a skill that others are interested in learning, why not advertise your services offline and online? These skills can include everything from playing a musical instrument to photography, web design and foreign languages.

Sell items you don’t need anymore

We’ve already talked about avoiding selling items that you want to keep hold of, but maybe you have goods lying around that you no longer use and would rather exchange for money? Old records, books, appliances and clothes could be worth more than you think, and you can advertise them not only to local people but people much further away when you do it online.

Pet sitting and dog walking

It’s possible to make a good sum of money by looking after other people’s pets whilst they are away from home. A reliable petsitter can put pet owners’ minds at rest when they head out on business or a holiday. You may be able to choose between looking after pets in their homes or in your own. Dog walking can bring in more money than you might think and is great for those who love the outdoors. It can help you stay fit and even make friends with dog owners. You could start by signing up for a dog-walking website or by promoting your services on social media.

Start a blog

If you’ve got an interesting idea for a blog, you could make valuable extra cash from it, especially if you’re willing to promote companies' products and services. If you don’t think you’ll be able to attract enough readers to regard yourself as an influencer, you could still try affiliate marketing. This enables you to receive some of the profits from sales made after you have linked to products in your blog.

Get an extra part-time job

If you’re already working full-time but don’t mind putting a few more hours in to boost your financial health, see if your local pub, restaurant or supermarket is recruiting. If you can drive, you could also think about joining a delivery service to make some extra cash.

Rent out your spare room

If you have a spare room for someone, you could get a lodger. This can make it much easier for you to make ends meet and can be great company too as long as you have a good rapport with them.

There are more ways to make money without selling jewellery than you might think, so why not get started today?