30 ways to boost your disposable income

Disposable income, the portion of your income after all income taxes are deducted, fell for 60% of households across Britain in the year to July, according to Asda’s Income Tracker.

Middle-income households, those earning around £41,000 a year, saw their disposable income dip by 1.6%. That’s the first decline in two years.

Lowest-income households were hit even harder, with an 11.1% drop in spending power. On average, they’re now facing a £73 monthly shortfall between their income and essential costs.

What’s behind the drop in disposable income?

A key factor is rising inflation, which reached 3.8% in July. 

With ongoing bill increases and potential tax hikes on the horizon, now’s a good time to take steps to boost your disposable income.

Here are 30 practical, easy-to-action ideas to help you keep more money in your pocket.

1. License your photos

If you're good with a camera, sell your images on stock photo sites like Shutterstock or Adobe Stock.

2. Start an online business

Sell products like vintage clothing, or monetise your skills through online courses or coaching.

3. Use cashback and referral bonuses

Apps like Quidco and TopCashBack offer cashback on everyday purchases. You can also earn bonuses by referring friends.

4. Take part in focus groups or research studies

Get paid to share your opinions through surveys or by joining university or market research panels, like YouGov surveys.

5. Get a part-time or seasonal job

Evening, weekend or seasonal jobs in retail or hospitality can provide a steady income boost.

6. Monetise a hobby

Turn crafts, baking, art, or photography into cash by selling your work online or at local markets.

7. Rent out a room

Have a spare room? You can earn up to £7,500 tax-free by taking in a lodger. Try platforms like Flatio for long-term renters.

8. Ask for a pay rise

Sometimes the easiest way to increase your income is to ask. Be prepared with data about your performance and market salary rates.

9. Start a side hustle

Whether it’s freelancing, tutoring, or offering services on the likes of Fiverr, a side hustle can be a fun and rewarding way to pull in some extra money.

10. Change jobs

If your current role isn’t paying enough, look for a higher-paying position that better matches your skills and experience.

11. Sell unused items

Declutter your home and sell unwanted clothes, gadgets, or furniture on Vinted or Facebook Marketplace.

12. Teach online

Share your skills in languages, instruments, or academic subjects via platforms like Skillshare.

13. Become a delivery driver or rider

Delivery jobs offer flexibility and can be a good way to earn extra money, especially in cities and large towns.

14. Reduce your expenses

Cutting costs is as effective as earning more. Start by identifying areas where you’re overspending.

15. Cook at home more

If you have a tendency to call up a takeaway, then cut back. Meal planning and home cooking can significantly reduce your weekly food bills.

16. Reduce your energy costs

Use energy-efficient appliances, turn the thermostat down and unplug unused devices to reduce your energy consumption and bills. Check out our 50 energy saving tips to help you cut costs.

17. Buy used instead of new

Save money on clothes, furniture and more by shopping in charity shops, online marketplaces or second-hand stores.

To give you a head start, here’s some of the best second-hand shops across the biggest cities in the UK and Ireland.

18. Use the 24-hour rule

Before making an online purchase, wait 24 hours. Chances are, you’ll realise you don’t really need it.

19. Cancel unused subscriptions

Review your subscriptions and cancel anything you’re not using, whether it’s streaming, magazines or gym memberships.

20. Use public transport

Switching from car to bus or train can save on fuel, parking, and maintenance.

21. Walk, jog or ride a bike

Better still, if you’ve got a short journey, walk, jog or ride a bike to really save money and get fit.

22. DIY when possible

Learn basic home maintenance or repairs via YouTube. You’ll save money by not hiring professionals for small jobs.

23. Use cashback and reward schemes

Use credit cards or store loyalty schemes that offer cashback or reward points.

24. Shop with a list

Avoid impulse buys at the supermarket by writing a list and sticking to it.

25. Shop online

Shopping online can help avoid impulse purchases, just be sure to compare prices and use discount codes.

26. Switch insurance providers

Use comparison sites to find better deals on your car, home and health insurance.

27. Negotiate your bills

Call your broadband, phone, or energy providers and ask for better rates. Use comparison sites to give you leverage.

28. Consider bundle services

Combine broadband, TV and phone plans for potential savings over having separate services.

29. Move to a lower cost area

If you work remotely or can relocate, moving to a less expensive area could dramatically lower your living costs.

30. Set a budget and stick to it

Understanding where your money goes is the first step to saving more. Use a budget tracker or our free budget calculator to get started.