Martin Lewis shares simple way to make £180 before Christmas

On his self-titled TV show last week, the Money Saving Expert said throwing away old mobile phones is not only terrible for the environment but also a waste of money. Instead, he told viewers where they can get up to £200 for their old handsets.

While older iPhones can fetch up to £150 and Samsung handsets up to £180, it depends on the condition and age of the handset as to how much sellers will be offered.

It might take more time but people could list it on eBay as there’s the potential to make even more money.

“I’d also check eBay as well, if you’re on it, because you might be able to sell it for more there but these are the easiest ways to do it,” he added.

No doubt, now is a good time as some people could be looking for bargain secondhand Christmas presents.

He continued: “After years of campaigning and meetings with countless university ministers, I’m delighted to finally have met one who listened and understood that students and their families are missing vital information needed to plan financially for university.”

The maintenance loan is reduced when family income hits just £25,000 a year, which is less than the average income in the UK.

If both parents earn just over £60,000 a year between them, the maintenance loan is reduced to less than half of what is offered to other students.

Martin added: “At my TV roadshows, I’ve met students living off cold baked beans, because parents believe the loan is enough for them to live on and they should be independent – not realising that their incomes meant the amount received was half what’s deemed to be the true living cost.”

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