Once in a while, we find ourselves facing a cash emergency. At that point, the major question we ask ourselves is how to get the money we need.
Financial emergencies are undoubtedly one of the primary causes of stress for individuals around the globe.
Money problems can hinder one’s ability to pay bills, buy groceries, afford a mortgage, and manage day-to-day expenses.
The good news is that there are many options available if you need urgent money.
Some are short-term fixes, while some are long-term fixes. However, these options serve the same purpose: helping you access emergency money.
Below are some of the wonderful options you have. All of them are easy to do. Oh! And most importantly, they are legal, so you don’t have to worry about getting into police trouble.
Work a Few Odd Jobs
If you need to get some quick cash to help pay back a loan, always remember the old-fashioned ways people made money, such as raking leaves, mowing lawns, babysitting, shoveling snow, or even running some errands.
I understand that these jobs may seem like things that younger people should do, but individuals who need such services will always be there and are always willing to pay for them, so why not take the opportunity to offer the services and get the money you need?
Unlike before, it is much easier to make money on the side because several famous contractor jobs have been made available, and you can even do them using your smartphone or laptop.
To get involved in some of these jobs, you can sign up for TaskRabbit, start walking dogs by signing up with Wag, or become an Uber or Lyft driver.
You’ll be surprised at how much money you’ll make weekly if you engage in some of these online jobs.
Hold an Online Sale or a Yard Sale
If you own things in your home or apartment that are just lying around and you can easily part ways with, then it’s not a terrible idea to hold a yard sale or even create an email account to make some extra money.
That old stuff you have lying around and think is useless might just be what somebody is looking for, and it will be shocking how much you can make by selling off that thing.
Another advantage of selling things you don’t need is that you get to reduce the clutter in your home.
Bonds, CDs, or Stocks
Many people do not want to consider this option. However, if you know you have some money in an investment, and you’re finding it difficult to make ends meet, then it might not be a bad idea to sell some of them to meet your immediate needs.
It is also important to remember that cashing out some stocks, bonds, or CDs may be necessary to pay some taxes at the end of the Fiscal year.
There’s the Option of Auto Title Loans
A car or auto title loan is an awesome way to get some quick money if needed in a few hours.
A car title loan is a secured loan in which you borrow money against the value of your car.
If you do not have great credit but a clean car, this loan is a great option because it is very easy to get and quick.
The value of an auto title loan is generally between $100 and $5000. Nevertheless, it can be much higher, depending on the value of your vehicle.
Getting a car title loan online is quite easy because the lenders allow you to share all the necessary information and documents online.
Furthermore, there are a couple of things that you should keep in mind if you are thinking of getting a car title loan.
One of the most important things you must know is that they come with a very high interest rate and an annual percentage rate.
Another vital thing to remember about title loans is that the most commonly used payment term is one month.
If you find it difficult to repay your loan within the specified period, you could risk losing your car to the money lender.
Donating Plasma
Not many people would like this option, but it is not bad. Donating plasma is not just a way to make some extra money but also to help your local medical community.
Depending on how much money you want, you can make as much as $40 by donating plasma. It is healthy for you to donate plasma as much as twice a week.
Even though I wouldn’t advise you to do it every week, if you do decide to do it for an entire month, you could be raking in hundreds of dollars and also helping people.
Remember that you can’t just walk into any medical center and donate plasma without going through a medical evaluation.
You should also know that you can become fatigued after donating plasma, so it is vital that you carry along some sugary snacks for after-donation.
Do not risk trekking a long distance back home after the donation; look for someone to drive you home or take public transport.
You Can Get a Credit Card Cash Advance
If you have maintained a good relationship with your credit card provider and have paid your balances off in the past, you can explore the option of taking a credit card cash advance.
A credit card advance will relieve your financial problems exactly when you need it because, unlike other credit card purchases, this one immediately delivers cash to your account.
Your lender expects you to repay your loan in the same way you repay your credit card balance.
However, remember that this option will come with additional fees and rates.
Search for Local Charities
There is no shame in seeking help when you truly need it, so if you are in financial trouble and have exhausted all your options, you should consider contacting a local charity.
If you search carefully enough, you will find local charities that meet the needs of people in similar situations.
Reach Out to Loved Ones
We often find it difficult to ask our friends and family for financial aid because it may burden them and be shameful. But this is another bridge you must cross, and you might not regret it.
One reason friends and families do not like to lend money to their loved ones is that they fear they might not get their money back.
But make sure that you build integrity and create a repayment plan so that if you ever need their help again, they will support you.
To make paying back a loan borrowed from friends and family easier, consider it a professional transaction.
This will help you have enough motivation to pay back and make the borrower understand that you are serious. Do all you can to ensure that you make your payment on time.
The worst thing that can happen to anybody is the feeling of hopelessness. With the above options, you do not have to feel hopeless.
All you have to do is take one of the opportunities and get the money you need. We wish you good luck as you make as much money as possible.
Have you been in a tight situation where you desperately needed money? What honest options did you use? Feel free to share them with us in the comment section below.
