I’m all about being smart with your personal finances, and you should be too. It all begins with paying off your debts and loans as soon as possible, not taking new ones, and then saving a certain amount of money aside every month for a secure financial future. But there are times in life when we need quick cash.
Be it for an emergency situation, unexpected unemployment, sickness, car or home problems that will be quite expensive and need to be fixed right away, or else.
It can happen to anyone. And even if you’ve been trying to manage your money better over the last few months or years, were budgeting and testing ways to grow your income, chances are you can’t make this one payment as it requires quick cash.
Well, there are options. They aren’t the most pleasant things to do, but when it’s an absolute must, and in situations like that, we need to stay strong, get the money we need quickly, solve the issue, and continue with our lives.
So here are the legitimate ways to try when you need quick cash and are out of ideas:
1. Sell your stuff.
Let’s start with a rather business-oriented way for bringing some money in your bank account or hands as fast as possible.
Look around in your house. What is there that you haven’t used for a long time?
Believe it or not, other people would love to get their hands on it. It could be an item of all types. Clothes, jewelry, technology, furniture, books, kitchen gadgets, decorations, tools, etc.
In fact, that will be a therapeutic process of decluttering and I urge you to do it. Making money fast will be just a bonus. Getting rid of anything unnecessary in your place will make you feel freer than ever.
So put your items up for sale on Amazon, eBay and Craigslist. Take a day or so to look around, see how the competition does it, and do your product descriptions, photos, tags, and profile details right to look like a good seller.
2. Make sacrifices.
A sacrifice might mean selling your car, if it’s not a necessity. It might mean renting a room in your house and asking for a deposit (that’s quick money too).
To go the extra mile if the amount of cash you need is bigger, it might mean leaving your current home and moving into a smaller apartment in a cheaper neighborhood (if you don’t have kids and aren’t thinking of having any time soon).
3. Credit cash advances.
If the above aren’t an option, or you don’t feel comfortable with them, then it’s time to ask for help from a company specializing in short-term financial needs.
That’s where cash advance Knoxville can help.
Keep in mind that interests in this case are higher than any everyday purchase you’d make, and there’s usually no interest-free period to pay back.
It’s important to understand how credit cash advances work. For example, it’s still borrowing against your credit limit, but this time it’s deducted from your cash advance limit, which is different from the one you’re already familiar with.
4. Take odd jobs.
When you need quick cash, you might consider this option too.
There are a number of ways you can go about it.
You can make money on the side, start freelancing, take more responsibility and working hours at your current job, begin something part-time and dedicate all your free time to it.
Some earn while traveling.
If you’re a student, there are plenty of ways to make money in college too.
5. Payday loans.
Last but not least, when nothing else will bring you the cash you need to fix your unexpected financial crisis, you’ve got another thing left – payday loans.
This is another short-term borrowing, and although it feels pretty good to be given the money on the same day if you go to the store, or have it transferred in your bank account no later than tomorrow if you decide to do this online, the time to pay back will have come before you know it.
So when you need quick cash, this is the solution only if you don’t have the money right now, but know you’ll have it pretty soon. It basically leaves out the waiting period. The rate of interest is very high, that’s another reason why most people stay away from payday loans. But in some situations, it might be a game-changer by offering the convenience of getting money fast.
I hope you already chose one of these 5 legitimate ways to make quick cash, and are going to take action today. Good luck!