The 6 Week Money Making Challenge

I really do love a good money making challenge. I definitely need some form of structure behind working on my side hustles and money making challenges seem to help me quite a bit. I recently found Emma’s thread over on The Money Shed and thought it would be a great idea to give it a go. I’ve had a lack of motivation recently when it comes to blogging and work in general – not helped by the fact that my computer was having all manners of problems – so this came along at just the right time.

I signed up to the challenge on the 16th of April – so this was 2 weeks and 3 days ago at the time of writing this. So far, I have made £594.97 from a mixture of survey money, selling old stuff, odd jobs on my PeoplePerHour account and some blog work!

I find these money making challenges really helpful in motivating me to get more done and get working harder – at both my job, my blogs and my side hustles. If I continue like this, getting rid of debt should be a lot easier. I’ve learned that all I need is some support and some people doing the same thing to keep me on the right track.

How do you get motivated to make or save money? Do you find money making challenges or savings pots help you in any way?

CPP Compensation | Worth The Time & Effort?

CPP compensation. Not something you hear about much when everyone is claiming for PPI. But I recently had a letter informing me that I may be entitled to some compensation for a misleading policy sold to me.

Let’s set the scene. I was sixteen and had just got my first real job at my local Co-Op. All I had was a savings account so I went to Nationwide (the bank which both of my parents used) and opened up a bank account so I would have somewhere to put my wages in. Whilst I was there setting up my bank account, a member of staff told me all about the card protection policy they offered. They told me I would be covered if I lost the card, if it was stolen and much more. I didn’t know this at the time but found out eight years later when I got the letter – I wasn’t covered for anything except if I lost the card. I was paying for this policy monthly by direct debit, paying quite a sum out of my £200 monthly earnings. What if my bank card HAD been stolen? They’d told me I was covered but I wouldn’t have been. To put it mildly, the whole CPP they offered me wasn’t worth the paper it was written on.

After a year, I got a renewal letter. After talking it over with my parents and finding out my bank card was covered by their home insurance, I cancelled the policy. I got confirmation of cancellation…yet still got charged for a good few months. They finally sorted their mistake out and I got refunded what I had paid since I had cancelled the policy. I thought my dalliance with them was completely over and done with.

CPP Compensation: Worth The Time & Effort? |

Fast forward seven years and I am now 24. I get a letter headed CPP and for a second, it doesn’t ring a bell. I read the letter and I am told that I may be entitled to some compensation due to possibly being sold a misleading policy. As I read the documents, it became apparent that I had been sold it under false pretenses so I filled it in, thinking nothing of it. Maybe I would get some compensation, maybe I wouldn’t – I wasn’t too bothered but it was worth a try, right?

It took a good few months but I finally got a letter back from the CPP telling me I was entitled to some compensation. The amount? £17 something. Nowhere near what I’d paid in the time of having the policy but still..better than nothing. So is CPP compensation really worth the time and effort? If you can live without any extra money, then no it probably isn’t. Sure, filling in a form doesn’t take too long but the waiting around for months on end isn’t really worth it. If you could do with any extra money at all, it could be worth a try – but you could be waiting around for months just for them to say no.

If you get a letter regarding CPP compensation, read it over thoroughly. Work out whether it is worth your time getting it back. After all that, I don’t think it was worth my time but it added an extra little something to my bank account. You can find out more about claiming on the MoneySavingExpert website.

What are your thoughts?