How to work towards your first £1,000

Want to take things a bit further? Here's how you could combine different income streams and work towards your first £1,000.

Getting to four figures is where it helps to think about what kind of money you're making, because they behave very differently. There's no guarantee you'll get to £1,000, but the people who do tend to have a mix of all three of the below rather than one big thing.

  1. 1

    One-off money

    Bank switches, welcome bonuses and free share offers. Big payouts, but you can only claim each one once, so eventually you run out. Use these to build the bulk of your total early on.

  2. 2

    Regular monthly income

    Matched betting reload offers, surveys, AI training work and cashback on your normal spending. Smaller amounts, but they come back every month, which is what keeps the total moving once the sign-up offers dry up.

  3. 3

    Longer-term side income

    Things that take a while to build, renting out a spare room, selling digital products, freelance work using a skill you already have. Slow to start and no quick payoff, but they're the only part that keeps growing.

  4. 4

    Build a routine rather than chasing everything

    An hour or two a week on the same handful of things beats signing up to twenty sites in a weekend and forgetting about all of them.

  5. 5

    Put it somewhere sensible

    Moving what you make into a decent savings account or ISA rather than letting it sit in your current account means it does something while you carry on.

Worth knowing: the UK trading allowance means up to £1,000 of miscellaneous side income per tax year is tax-free. Go past that and you'll need to file a self-assessment, so keep your records.

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