Out of sight, out of mind? Not when it comes to money…

Do you know how much money you have lost over the years? Not just through silly mistakes or bad decisions, but through physically losing your money, and how much of that is lost in your own house? According to a new study Brits lose around £155 million down the back of their sofas and a further £145 million in loose change is just left strewn around our homes. It’s good news for Londoners as they tend to lose the least but if you are in the East Midlands you should get searching – they lose the most amount of loose change in the country!

If you are short of some money here are some ways you can reclaim your losses and make some cash!

Plug the drain!

Not literally (although it would help with water bills!), but look at plugging your spending. What are you wasting your money on – do you really need that extra fancy coffee and what about that expensive lunch you’ve got used to having? Don’t make life harder than it needs to be – cut down on your expensive habits rather than cutting them out straight away; you’ll find it easier to stick to. Also have a look at the big expenses like insurance, travel and bills. Use comparison tools and discount codes to save yourself some money.

Sell! Sell! Sell!

If you thought that £155 million down the back of the sofa was a lot, then brace yourself for this: according to gadget insurer Row, we’ve got around £838 million worth of unused mobile phones left in our cupboards. What’s worse is that 44% of us intend to do nothing about it! Instead of just leaving them in the ‘bits and bobs’ drawer, sell them! Use sites like sellmymobile to find the best price for your gadget, then get rid and rake in the cash!

It’s not just old phones that can be sold, get rid of your old games consoles, music players, kitchen gadgets and sports kit too – they can all make you a pretty penny, especially if they are in good condition.

Get a Monese account!

Using the Monese app you can send and receive money in real-time, no waiting. You can open an account in 120 seconds and all you need is your passport or national i.d and a European address. You can make currency transfers for only 0.5% above the mid-market rate; which is one of the best rates available. Getting money into your Monese account is so easy. You can receive bank transfers direct to your account or you can can deposit cash at one of the 28,000 Paypoint locations across the country. You can also manage your money wherever you are with our intuitive mobile app. Make payments, check your up-to-date balance, review your transactions, get paid to invite friends – plus much more.


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