A supersaver mother who paid off her £8,500 debt in just four months by reselling goods on eBay and Amazon has revealed how she pulled it off.
Mother-of-three Yvette Duignan, 41, from Exmouth, Devon, was made redundant from her job as a sales advisor last summer and has since become a full-time reseller.
Her know-how has led her to complete survey sites, collecting supermarket club card points and entering competitions.
She has now set up her own Instagram account to help other people by sharing her advice.
Yvette Duignan, 41, (pictured) paid off her £8,500 debt in just four months by reselling items she found cheaply at higher prices on online marketplaces
The former sales advisor was made redundant last year and has now put her expertise to good use to help start saving money
Yvette 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.’
Yvette searches car boot sales and charity shops for items she can pick up cheaply before selling them on eBay and Facebook Marketplace at a higher price
The mother-of-three completes survey sites, collects supermarket club card points and enters online competitions to help save money
Yvette, who lives with her husband David, 43, and their children, makes extra money by clearing her home of unwanted clutter and putting it up for sale on the Facebook Marketplace.
Additionally she goes to car boot sales and charity shops to find cheap items she can then sell for a higher price on eBay and Amazon.
She said: ‘I have always tried to be careful with my money and only buy the things I need, rather than want.
Yvette paid £20 for this boxset and was selling it for more than nine times that amount online
Yvette said she doesn’t believe in spending endless amounts of money on presents for children at Christmas because they don’t fully appreciate it. Pictured: Her Christmas savings tin
Yvette’s tips to help save a little extra money
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.’
‘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 because I don’t think it’s necessary or appreciated.’
In addition to paying off her £8,500 debt, Yvette saved £335 in her tin this year and hopes to get to £500 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.’
By using loyalty points at supermarkets, Yvette has also been able to save money 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!’
Yvette, who makes around £800-£1,000 a month by reselling items added: ‘I have always enjoyed saving money and making money.
‘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.
‘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-£1,000 a month.
By using supermarket club card points, Yvette has been able to spend less when buying the items for her Christmas dinner. Pictured: One of Yvette’s children holding a savings jar
Yvette now makes between £800 and £1,000 a month by reselling items online. Pictured: Yvette and her husband David
‘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.’