Make money from your old mobile phone

Every year in Britain, we throw away 5.25 million mobile phones, reckons Moneysupermarket.com.

This is utter madness. I realise that recycling can seem a bit of a chore at times but unlike your cans and newspapers, you can make a handy bit of extra cash from your old handset.

For example, if I sold my Nokia 5800 to one of the mobile phone recycling firms, I could earn £100. Even a very old handset such as a Nokia 6230 could still sell for £11 not bad considering that you are getting paid to get rid of something you don't want anyway, in an environmentally responsible manner.

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

To find out how much you could sell your old handsets for and to whom use MoneySavingExpert.com's comparison tool.

And for more about selling your old phone, see MoneyWeek Saver: how to get the best mobile phone deal.