Make money doing nothing
The easiest way to make money doing nothing is, of course, to put your money in the highest-interest savings account you can find.
Once you've done that, you can sit back and relax, knowing your money is working harder than you are!
But how do you ensure you get the best account?
The first step, if you're a taxpayer, is to open an instant-access cash ISA. That way, you'll earn interest, tax-free.
If you've already used up this year's ISA allowance, then it's also worth considering a regular savings account.
These are special types of savings accounts where you are rewarded with a higher rate of interest if you make a deposit into the account every month. It's a great way to save regularly, but there are some catches.
For example, you may find that you have to commit to saving every month for a year. Mind you, the minimum payment on some regular savings accounts is just £10, so you may find it's do-able, even if your budget suddenly gets tighter one month. Find out more here.
Alternatively, if that doesn't appeal to you, then go for the best instant access savings account. Instant access is important because it means you can withdraw your money quickly and easily whenever you like.
So watch out for accounts which claim to be easy access and yet in reality impose restrictions on you, so that - for example - you are penalised if you make a withdrawal or are only allowed three or four withdrawals a year.
The best instant access account offer penalty-free withdrawals, with no loss of interest, at any time, all through the year. Look out for those - you can usually find them in our savings tables.
It's also worth checking out high-interest current accounts. Often you can earn a higher rate of interest than you can on a normal savings account, and there is true instant access. The only downside is that you may need to pay in a large amount each month.
Finally, if you are struggling to save, and need a few hints and tips on how to get into the habit, why not ask a question using our Q&A tool? You may find that other members of lovemoney.com have experiences they can share which will help you.
Register now to adopt this goal and offer tips!