Being short of cash can be a worrying and stressful time. Household bills won’t just disappear, the family needs to be fed, and interest on any personal debt will continue to accrue.
If money is very tight at the moment, it’s important not to panic. There are many options that can help until you get back on your feet again. Here are 4 ways to get money quickly.
Sell your belongings
No one wants to sell their belonging to make ends meet, but if it’s enough to get you out of the rut you are in, you may have no choice. Start by going through everything you own and set aside anything you don’t want or never use. The next step is to look for things that you know will fetch a decent price on the second-hand market. Selling locally is far quicker and cheaper, so it’s a good idea to try that first before selling on sites such as eBay, who deduct substantial commissions.
Borrow
If you need a decent amount of cash fairly quickly, borrowing may be the best option. Assuming you feel comfortable with it, ask your close family if they can help, with the proviso that the money will be paid back. If that isn’t a feasible option, then subject to a credit check, a personal loan from the bank may be a possibility.
If you have a bad credit history or can’t wait for the money, a payday loan is another very popular option. They usually don’t carry out a full credit check, and the money could be in your bank account as quickly as the following day. It’s a quick and easy way to get a short-term cash advance without all the usual red tape. They do usually come with a hefty APR, so be mindful that the final amount you pay back could be way more than you borrow. Click here for more information.
Do odd jobs for neighbors and locals
Big or small, there are always jobs that need doing around the home, and many of us don’t have the time nor the inclination to do them. If you see yourself as a bit of a handyman, use it to your advantage and ask neighbors and other locals whether they need any odd jobs done. Whether it’s mowing the lawn, hanging wallpaper, or power washing a driveway, many people will gladly pay to have someone else do the work for them. If you know what you are doing, it could be a quick and easy way to get some extra money.
Ask your employer for a salary advance
Not ideal of course, but many employers will have been in the same situation as you and be more than willing to help. If you are a hard-working and loyal employee, an advance is unlikely to be an issue, but you need to figure out what you will do when it runs out. It’s not an option that can be repeated, so unless you have the means to live for the remainder of the month when your advance runs out, it might not be worthwhile.
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