Monetising Your Spending: How to Sell Data and Earn Money

Are you looking for a simple way to earn some extra cash? Did you know that you can monetise your spending by selling your data through various apps? Well, these apps can passively earn you money for your spending data, and help you add financial efficiency to your expenditure on linked debit cards or bank accounts. In this article, we’ll discuss how to sell data and earn money through apps like Cheddar, Airtime Rewards, Unbanx, and Underpay.

NOTE: Always do your own research before making your own informed decisions about linking fintech apps to your accounts.

How to Sell Data and Earn Money Through Cheddar

Cheddar is an app that makes earning cashback on your purchases easy. By linking your debit card to the app, you can earn cashback at participating retailers without even having to activate it. Cheddar offers impressive cashback rates, and you can earn up to 10% cash back at popular retailers such as Nike, Just Eat, and Uber Eats. If you refer your friends to the app, you’ll both earn £2.50-£5, depending on the rates at the time. Using Cheddar is a great way to add financial efficiency to your spending while also earning some extra cash for your data.

If you want to save money when you shop? Join us in using Cheddar and earn automatic cashback shopping at brands like Tesco, Sainsbury’s and Deliveroo. Use our referral code and earn £2.50 for everyone you refer!

Sign up code: DKMXXNF Sign up link: Get the Cheddar App here.

We’ve found this is a great way to generate additional cashback on our weekly shop at Sainsbury’s when stacked with other cashback apps like GreenJinn, Shopmium, Checkout Smart, and Clicksnap. We’ve also heard reports that some users have noticed payments to Sainsbury’s credit cards might generate cashback too. Whether this is because the system sees Sainsbury’s as the merchant remains to be seen, but if you’ve got a balance on a Sainsbury’s credit card to clear, you *might* unofficially get cashback tracking on those transactions too.

How to Sell Data and Earn Money Through Airtime Rewards

Airtime Rewards is an app that rewards you for shopping at participating retailers. Simply link your payment card to the app, and you’ll earn rewards that can be used to reduce the cost of your phone bill. You can earn rewards on top of any cashback or discounts you already get from the retailer, making it an easy way to earn extra cash.

If you’re wondering how to sell data and earn money, Airtime Rewards is a great option that can also help you save on your phone bill. In fact, they boast in their marketing material that the average user can generate £10 off their mobile bill/contract per month. Our experience has not been quite as prompt, but it’s still a good earner and you just need to be aware that you need to generate £10 funds before you can “cash out”.

There are occasional codes promoted on their social media and forums that give extra bonus amounts, plus there are monthly challenges to give you extra funds such as ‘spend £5 twice and cash an extra 50p” type deals.

Download Airtime Rewards for free with our code XLP6TBMF and save money off your phone bill every time you shop with brands like Boots, Greggs, Wilko, Argos and loads more: Sign up to Airtime Rewards here.

How to Sell Data and Earn Money Through Unbanx

Unbanx is an innovative app that allows you to monetise your spending data by selling it to companies who are looking for valuable insights into consumer behaviour. By sharing your spending data with this app via open banking, you can get paid for it, which is a great way to earn some extra cash.

Unbanx anonymises and aggregates your data to ensure that your privacy is protected. When joining you’ll need to allow access to monitoring of your transactions (typically you grant access for 90 days).

Unbanx is an excellent-looking new option. We’ve not used it in depth but it looks like you can quickly earn enough points (referred to as UBX) to redeem as Amazon vouchers in a few weeks. In fact, if you refer friends you can get enough credit to cashout almost straight away.

You can find the Unbanx app here.

How to Sell Data and Earn Money Through Your Receipts

Amazon Shopper Panel, Checkout Smart, Shopprize, Shopmium, GreenJinn etc are all apps that pay you for uploading photos of your receipts or sharing your spending habits. By doing so, you can earn points redeemable for cash, giftcards and rewards. All of these apps can be used alongside store loyalty cards like the Asda Rewards App or Sainsbury’s Nectar Card.

You can even take it a step further and consider apps like LitterLotto to make potential cash from other people’s rubbish while sharing littering data and helping keep the environment clean.

In conclusion, if you’re wondering how to sell data and earn money, using various apps like Cheddar, Airtime Rewards, Unbanx etc. is an excellent option. By sharing your spending data with these apps, you can earn cashback, rewards, and coins that can be redeemed for cash or gift cards. These apps also help you add financial efficiency to your spending, making them a smart choice for anyone looking to earn some extra cash. Try out one or more of these apps today and start earning money for your data!

Savvy Side-read – Use the new app/service Sprive to passively overpay your mortgage and save money while you’re spending.

How to Check Apps and Services That Sell Data Are Reliable and Legit

While selling your data to earn money through various apps and services may seem like an easy way to earn extra cash, it’s important to make sure that the app or service is reliable and legit. Here are some tips on how to check apps and services that sell data are reliable and legit:

1. Check Reviews and Ratings

Before downloading and using any app or service that sells data, it’s important to check the reviews and ratings. Look for apps and services that have a high rating and positive reviews. Be wary of apps and services that have a low rating or negative reviews, as this may be a sign that they are not reliable.

2. Read their Privacy Policy

The privacy policy of an app or service that sells data is an essential read. This policy outlines how the app or service collects, uses, and shares your data. Make sure to read this carefully and understand how your data is being used. If the privacy policy seems unclear or confusing, it’s best to avoid using the app or service.

3. Check for Security Features

It’s important to check if the app or service that sells data has any security features in place. Look for apps and services that offer two-factor authentication or encryption to protect your data. These security features will help keep your data safe and secure. Check out their website too, if you notice expired SSL, poor coding or ill-thought out wording, maybe it’s best to aviod them.

3. Research the Company

Before using an app or service that sells data, research the company behind it. Check if the company is reputable and has a history of selling data ethically. If the company has been involved in any controversies or scandals, it’s best to avoid using their app or service.

Selling your data through various apps and services is an easy way to earn some extra cash. However, it’s important to make sure that the app or service is reliable and legit. Checking reviews and ratings, reading the privacy policy, checking for security features, and researching the company are all important steps to take before using any app or service that sells data. By following these tips, you can ensure that your data is being used ethically and that you’re earning money from a reliable source. Looking into parent companies or even the going concerns of the owners/CEO are well worth considering and can be done easily online via Companies House.

Cash generating alternatives to Selling Data

While selling your data can be a convenient way to earn some extra cash, it may not be for everyone. If you’re uncomfortable with the idea of sharing your personal information or your spending habits being overly tracked, there are other ways to earn money passively.

One popular option is looking into the best cashback apps and sites, which allow you to earn cashback on purchases made via member accounts. Some of the most popular cashback apps in the UK include TopCashback, Quidco, and Honey.

Another option is to participate in online surveys, which can be done in your spare time and can earn you rewards such as gift cards or cash. Some reputable survey sites in the UK include Swagbucks, Toluna, and YouGov.

How to Maximise Data Earnings

If you do decide to sell your data, there are ways to maximize your earnings. First, it’s important to provide as much detailed personal information as possible (particularly for survey sites). This can include your age, gender, occupation, income, and interests. The more detailed your profile, the more valuable your data will be to marketers.

It’s also a good idea, depending on the terms and conditions of the app, to use multiple accounts to sell your data. By doing this, you can increase the amount of data you’re selling and earn more money. Finally, make sure to read the terms and conditions of each app or service carefully. Some may offer bonuses or incentives for selling certain types of data or for reaching certain milestones.

*Disclosure: This article is for entertainment and educational purposes only. Nothing on this site constitutes financial advice. I am not a financial advisor. You should always do your own research and consult a qualified financial advisor before making big decisions with your money as capital is at risk with any investment. This post may contain links to external sites and affiliates, Savvy Dad accepts no responsibility for how you use these external sites and services (see Site Terms and Privacy Policy).

Leave a Reply

Your email address will not be published. Required fields are marked *