Sounds a silly question, but after a quick poll here there are a lot of people who do. They nod along as I explain it, then decide that it's all too much effort. Telling them that I've collected over £400 in six months picks up their interest again a little, but you can see they aren't going to do it themselves.
The secret to this is cashback websites, in particular www.quidco.com. Online merchants will pay a fee if you arrive at their web site from a referrer (such as Quidco). In the case of Quidco they then pass this fee on to you. The only thing they do is keep back the first £5 that you get in a year to cover their costs. Other sites typically keep back a portion of every referral fee they get.
The biggest amounts of cashback come from insurance - something that we nearly all need to buy every year. At the moment you can get back up to £120 with some insurers. In fact this brought the total cost of car insurance for this year down to just a few pounds (the insurer also sent me some vouchers for taking out a new policy which was nice of them) I was close to ending up in profit!
Finance has become something of a hobby of mine over the past few years, enough that I could bore anyone with it if I went on too much. So I'll leave it there, and hope that some readers may follow through the link above.
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3 comments:
Hi MarkG,
I operate a similar site to quidco. Our cashback rates aren't as good as we offer a £10 joining bonus and a £10 refer a friend scheme.
We also have a monthly prize for the top earner and top referrer.
Kind Regards,
Steve
Ooops, it would have helped if I'd told you what the site was!
www.moneybackmadness.co.uk
Hi Steve,
I'll have a look at your site - thanks for letting us know about it.
Mark.
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