We all go through periods when times are hard and the cash starts to run low. If you don’t have an emergency fund, this might leave you feeling overwhelmed and anxious. But the good news is that there are actually ways that you can improve your financial situation much quicker.
Before you start feeling down, check out these tips. Keep reading for 8 ways you can make some fast cash when you need money asap.
1. Selling Items from Around Your House
One of the easiest and most convenient things to do when you need money asap is to start looking for it in your own home. Not the actual money itself but things that can be turned into cash. Selling items around your home is a good place to start.
There are a few ways you can actually go about this. Firstly, the internet has blessed us with platforms like the Facebook marketplace and Craiglist. These spaces allow you to post your belongings and sell directly to other people.
You can also utilize apps, such as LetGo, OfferUp, and Poshmark to post your items for sale. Consider placing the items on as many platforms as possible to get more inquiries.
The second route to take is doing a good old-fashioned garage sale. Collect all the items you’re ready to part with, put some tables outside and make some signs to attract people. Set fair prices but don’t be afraid to negotiate for the best deals.
2. Pawn Valuables
If you have some valuables around your house then it might be a good idea to pawn them for some extra cash. This includes jewelry, electronics, collectibles, etc. Consider keeping sentimental items, such as family heirlooms, since these aren’t replaceable.
Shop around your local pawn shops to get the best possible price. You may even want to do some research on the current value of your belongings before going so you know if they are quoting accurate price ranges.
3. Try a Payday Loan
Payday loans can be a great option for some quick cash as long as you stick to paying them back on time. A lot of quick loan companies just want to have proof that you have income. This assures them that you’ll be able to pay back what you owe when you say you can.
You may run into some places that want to check your credit first. Use your discernment to find the most legit companies. Also, pay attention to the ones that don’t lend out in your state.
4. Drive for RideShare Apps
The economy has closed a gap for extra income earning and opened a door of possibilities that we call the “gig market”. Driving for rideshare apps like Uber and Lyft are just two examples of ways that you can take advantage of the low entry requirements for contract work.
Sign up for the apps and start driving right away if you need money asap. Also, consider other apps that focus on deliveries, including UberEats, Postmates and Doordash. All of these combined can help you walk away with even more funds than what you needed.
5. Rent Out Extra Rooms
If you have some extra rooms in your home you could be making some great extra cash. Platforms like Airbnb allow people to post their houses, apartments, studio spaces, spare rooms, etc. for anyone to rent out.
Make an account and fill out your profile thoroughly. Consider also advertising your space on other platforms to drive more traffic and get the word out. Becoming a host is also a way to connect with other people.
6. Apply for a Title Loan
Many people may not be aware of this type of loan but it’s definitely one to consider if you have any type of automotive (cars, RVs, motorcycles, etc). A title loan allows you to put up your vehicle for collateral to borrow a cash loan.
Putting a loan against your car could give you the quick cash boost you need to get yourself out of a jam. Make sure you find a trustworthy company to find the right loan for you.
7. Sign Up for Gig Apps
Besides driving and deliveries, people need a lot of other things done for them. If you have expertise, talents or extra time, you could be of service to someone.
There are lots of apps that allow people to hire others to help them with random jobs. For instance, TaskRabbit might connect you with someone that needs help putting furniture together or painting a room. You may also find that someone needs a DJ or dog walker on Thumbtack.
Sign up for as many apps as you’d like and start applying for gigs. These are typically quick transactions so they’ll help if you need money asap. It’s a great way to make money from using your skills and knowledge.
8. Ask a Friend or Family Member
This solution might be a bit uncomfortable but it’s worth a try depending on your situation. If you have a trusted circle of friends and family members, put your pride to the side and reach out for help.
The truth is most people want to be of service for their loved ones if they can. Be respectful and let them know when you’ll be able to return your debts to help ease their minds. If you are able to borrow the money and something comes up, keep an open line of communication so it doesn’t negatively affect the relationship.
Try These Tips If You Need Money ASAP
Making extra cash might be easier than it has ever been. The internet has opened up a lot of opportunities for hope for when you need money asap. You can easily take advantage of most of these methods.
Consider using some of these ideas if you’re in a pinch to get yourself out quickly. For more tips and advice, check out our blog.