Five ways to make extra cash in Spain

If you’re looking for a way to make a bit of extra cash in Spain, we’re rounded up a few ideas for you to think about.

#1 Sell your unused or unloved clothing and accessories

We all have plenty of items stuffed in the closet that we’ll never wear again, and some of these may even have the price tags attached!

Go through everything and decide what you could sell, then check the prices of similar items online to make sure you don’t overprice them.

Need to know:

  • Popular apps for selling clothing include Vinted, Vibbo and Wallapop.
  • eBay Spain is a good option is you want to sell bundles of clothes rather than individual items.
  • Local Facebook groups can also work if the group is large.
  • If you’re not advertising items to collect, you need to factor in any postal costs. Take a look at Packlink for an idea of what it could cost depending on volume and weight.

#2 Make your cash work harder for you

If you’ve only got a current account and are paying for a credit card that doesn’t come with perks, take action now and make money from your hard-earned cash.

Need to know:

  • Before you open a savings account, check out our top tips on how to boost your savings and avoid risk
  • Find out how to get a free credit card with perks such as cash back or loyalty points

#3 If you’ve got sought-after skills, share them

Whether you’re a DIY pro, play the piano or are fluent in a lesser-known language, there’s a market out there for your skills.

Even if you don’t have specific skills, you can always offer your services as a dog walker or gardener and charge per hour. There’s also a growing demand for people to assemble Ikea furniture who also charge per hour.

Need to know:

  • Take a look at websites such as Fiverr or Taskrabbit, see what people are looking for (and, possibly, what they are willing to pay).
  • On Wallapop you can advertise your Ikea furniture assembly services, remember to indicate the area you’re willing to cover and factor in all costs to your rate.
  • Don’t overestimate your skills! Remember, you’ll be looking for good reviews in order to get more customers
  • If you want to teach online, try a specialist website.

Wherever you decide to publish your services, make sure your profile stands out from the competition. Don’t compete on price alone – a race to the bottom is never a good idea as there’s always someone who will price their offer lower than yours.

#4 Sell your old sports gear via Decathlon

Decathlon holds their “Trocathlon” events twice yearly where you can take in your used sports gear to sell. These specialist events will probably mean you can get a better price for your stuff than on eBay, however it will depend on the condition of the items you want to get rid of.

Need to know:

  • Not all Decathlon stores operate these events in the same way; check locally to find out more and the exact dates.
  • You’ll receive vouchers, not cash, for any items sold. Ask yourself if you’ll actually use the vouchers as they’re only valid for six months.
  • Some items aren’t accepted, including clothing, footwear or helmets.

#5 Sell your gold

Broken or old jewellery can be worth a small fortune, and there are plenty of places that will offer to take it off your hands. For bespoke items, or those with precious stones, it’s usually better to visit a jeweller or an antique dealer.

Need to know:

  • Weigh your items at home first. A buyer should be able to show the official stamp that validates the calibration of their scales.
  • You’ll need to prove your identity when selling, so remember to take photo ID. If you’re not asked for ID it probably means the store accepts stolen goods, these buyers are best avoided.

MSS Tips

You should declare any net gain on the sale of a second hand item when you sell it at a price higher than the purchase price. Although this normally won’t be the case if you’re selling used clothes or other items, it may be so if you’re selling jewellery. Net gains of up to 6000€ are taxed at 19%, anything more would be taxed at a higher rate. These amounts should be included in your annual tax return in Spain. 

If you’re thinking of renting out a spare room, or advertising your home on AirBnB (or similar websites), you need to be sure that you’re acting within the law. The authorities in Spain have cracked down on illegal rentals and fines are commonplace.

Watch out with get rich quick “opportunities” online and in social media forums. These often disguise multi-level marketing where you’ll have to “invest” in a starter pack (and probably not even make enough money back to cover the cost).