Making money from your postcode

If permanently sharing your nest doesn't appeal, consider taking in foreign students short-term. English language schools are always looking for good homes for their growing number of students. Depending on where you live and how nice your place is, you can make between £35 and £150 a week. If there are language schools near you, ask them about it.

For major money saving, if you own your own home, think about renting out your entire place and moving back in with mum and dad. It might seem a big sacrifice but the cash reward is bigger - £1000 is quite common near london, but it varies depending on where you live. Plus you get free meals and cuddles. Tempted now?

You don't just have to rent to people, though. If you have an empty, dry basement or a big loft, you could potentially advertise them as storage space. If you have a cellar or garage that has its own access - other than your front door - you will be able to charge more for offering clients their own key and 24-hour access.You could make anything from £5 a week for storing a few boxes in your loft to around £50 for filling a garage in central London.

Rent our your garden

If you have a large garden, consider turning it into allotments, particularly if you live in a city. In London, the typical waiting time for an allotment is 10 years! So if you don't mind people coming into your garden whenever they like and growing whatever fruit and veg (and possibly flowers) they fancy, then it's a good way to make some extra cash and keep the weeds off the place.

Municipal allotments charge very little - between £10 and £30 a year. But that doesn't stop you from making a private arrangement and charging as much as the market would bear.

Turn your home into a B&B

If you have a few extra rooms in your house, you could run it as a Bed and Breakfast hotel and earn anything from a couple of £100 to a few £1,000 a month - it just depends on the size of your place, how much time you have, and how much you want to make.

Jasmine Birtles is from moneymagpie.com - the website that gives you a richer life.