Using cash back websites

Cashback websites are a great way to save money on your favourite brands especially if you are a frequently shopping in a certain shops.

The way that cashback websites work is that you purchase the items you would normally by following a link on a cashback website.

Turn points for spending into cash

This is then tracked by the website and you build up points.

Once you have made enough purchases to build up enough points the cashback site will transfer the funds into your account.

This is usually done once a month depending on the amount of purchases you have made.

Avoid the cashback pitfalls

There are sometimes administration fees to watch out for and charges for claiming the cashback.

The main pitfalls people tend to get into is spending more than they usually would just to accumulate enough cash to claim.

Use cashback right and make money

Opening up an account with a cashback website really can work and can be a good way of earning some extra cash.

Buying an electrical item such as a camera online could earn you around £75 for example, and there is also the option to donate some of the money you earn to charity.

Stick to one cashback site only

A good tip for money savers is to not sign up for more than one or two cashback sites as they may become harder to manage and you will be less likely to reach your target if you spread your spending. Shop around and investigate a cashback website that suits your shopping needs.

Some good cashback websites which do not require payment to set up an account are Topcashback, Quidco and Cashbackkings.