A supersaving mum who paid off £8,500 debt in just four months by reselling items on eBay and Amazon has revealed how she did it.
After losing her job last summer, thrifty mum-of-three Yvette Duigan set about becoming a full-time reseller.
Combined with her saving habits and frugal nature she managed to wipe out thousands of pounds of debt in just months.
Yvette, from Exmouth Devon, has used a variety of methods to stash the cash.
From survey sites to collecting supermarket club card points and entering competitions, this money-saving mum-of-three is doing it all.
She said: “I took the 365-day challenge last year where you save from 1p on the 1 January and this increases daily up to £3.65 on day 365.
“At the end of the year you should have £667 but I adapted it to make it less pressured and ticked off amounts as and when I made some money.
“I try to save up from December to November, when I open the pot to start buying presents for Christmas.
“I always use a tin with a money slot on the top so there’s no temptation to open it early."
Ms Duigan, who lives with her husband David, 43, and their children, makes money by putting up unwanted clutter on Facebook marketplace.
In addition to this, she buys items second hand from charity shops and car boot sales, to resell online for more money.
The mum said: “I have always tried to be careful with my money and only buy the things I need, rather than want.
“In the past, I have tried to have a budget for Christmas but using a savings pot meant I actually have the money set aside for presents at Christmas rather than trying to find the money or putting it on a credit card.
“I don’t believe in spending endless amounts of money on presents, especially on children as I don’t think it’s necessary or appreciated."
As well as paying off her £8,500 debt, Ms Duigan has saved £335 this year and is aiming for £500 saved in 2021.
Yvette said: “I have just started next year’s pot and I hope to get to £500 by next December.
“I will continue to sell small bits and will be doing another declutter after Christmas to get the savings pot off to a good start.”
Like many shoppers, the mum-of-three, used Clubcard points which allows her to save and has got her a great deal on her Christmas dinner this year.
She said: “Through the year I collect supermarket points such as Nectar points and Clubcard points.
“Sainsbury’s always does a double-up event in November and this year I saved up enough to buy Christmas jumpers for the boys.
“I also earn Amazon vouchers by using receipt scanning apps such as Shoppix, which again you can save up and cash out as soon as you get enough points.
“The money from the pot and the vouchers have covered nearly all of the Christmas presents I have bought this year.
“I currently have £160 worth of Tesco vouchers which should pay for my Christmas food and drink so hopefully that’s Christmas covered!”
Through reselling, she makes around £800-£1,000 a month, adding: “I have always enjoyed saving money and making money and in 2020, I challenged myself to pay off £8,500 I had on a credit card because last summer we bought a new house to renovate."
She said: “I focused on making and saving money to get it paid off as quickly as possible and did it in four months.
“I mainly sell clothes on eBay, and books and games on Amazon.
“After taking voluntary redundancy in the summer I am now reselling full-time rather than going back to a ‘normal’ job.
"It’s so flexible I can look after the boys and have choice over how to spend my day.
“Just before setting up my business I was easily making about £500 a month from selling part-time on eBay and with other side hustles I was making £800-£1000 a month.
“When I tell people what I do now for a job most people’s reactions is ‘oh is there money in that?’
"But the truth is eBay appeals to a worldwide audience so anyone can make a good amount of money whether they want to sell just a few items or a few million!
"Many of the new millionaires in 2020 have been made through selling on eBay.”
The thrifty mum now uses her expertise to help others by sharing advice on her Instagram account (@mummymakesmoney).
Yvette has shared her top tips:
DECLUTTER AND SELL
Yvette said: “There are lots of ways to make some extra money. Declutter your home, have a look around the house and see what you no longer need or want. I’m sure you’ll find plenty to sell.
“I usually make around £80 a month doing this and I use the money to overpay my mortgage."
TAKE A SURVEY OR FIVE
Yvette said: “Survey websites; you choose which surveys you want to take part in, which can last from one minute to one hour and pays you an amount for doing so.
“It is easy to make at least £10-20 a week doing this and some of it is really interesting, looking at new products and university studies.”
Yvette said: “Receipt scanning, there are free apps to which you can scan your receipts and earn points.
"These points in turn can be converted into vouchers or PayPal payments. I currently use Shoppix, Storewards and Snap My Eats.
“You can usually make £10-15 a month using all of these together, depending on the number of receipts you scan."
IT'S ALL ABOUT THE CASHBACK
Yvette said: “Cashback sites; for Christmas shopping online, always try a cashback site to see if you can earn extra money on your purchases.
“I have made over £2,300 using cashback sites in the last 10 years!”
JOIN A COMPETITION
Yvette said: “Competitions; there are plenty of free-to-enter competitions online which are all found on the MoneySavingExpert forum.
"I’ve been doing these for years and have introduced many friends to it too.”
Yvette has won prizes such as an amazing holiday to the Maldives with Kuoni, £5,000 cash, an Apple MacBook and iPhone, and £2,000 worth of bathroom products.
She added: "Although you're never guaranteed to win, everyone that has entered has eventually won some prizes.
"December is a crazy month for competitions as there are so many.
“My next goal is to now build up savings, starting with an emergency fund and also overpay my mortgage as I want to be mortgage-free as soon as I can.”