We get it – money is tight. In fact, around 51% of Americans have less than 3 months worth of savings to get them through in an emergency situation.
If you’ve found yourself caught in a tricky situation or are in need of emergency cash fast, you’ve come to the right place. No matter what kind of situation you’re facing, we’ve got the top tricks you need to know to make money today.
Follow along to discover 5 things to do when you need cash now!
1. Pick Up a Side Gig
Depending on how quickly you need your emergency money, picking up a side job such as delivering food through Uber or walking dogs in your local neighbourhood can be a great way to earn extra cash.
With so many online gigs and fast cash jobs out there, you may be able to make more in your spare time than you think!
2. Sell Unused Belongings
One man’s trash is another man’s treasure. If you’ve got items floating around that you don’t use anymore, selling them online is one of the best ways to get money fast.
Hot items like electronics, furniture, and even unused gift cards can bring in respectable amounts of cash for you to put towards your emergency fund.
The only downside to this option is that some items can take longer than others to sell. To speed up the process, be sure to include a great description on your item listing and keep your prices reasonable and fair.
3. Take Out a Loan
When you need extra money today, there’s a simple solution that almost always works – taking out a loan.
Whether you borrow money against your home or set up a new account to receive funding for specific projects or emergencies, borrowing money is a guaranteed way to get the cash you need in a hurry.
For fast funding options, check out Rightway Funding and discover reliable funding options for situations just like yours.
4. Rent a Room
You know that room that no one ever goes into? Why not put it to good use by renting it out?
With so many people feeling displaced from the pandemic, room rentals are in high demand. Rent your room out furnished or unfurnished and cut your monthly expenses in half! You may even enjoy the extra company that space-sharing provides!
Between a security deposit and the first month’s rent, the cash you make from your room rental in the first month could be enough to get you out of a sticky situation.
5. Ask Friends or Family
Last but certainly not least, if you need help to get cash, you can always rely on your loved ones to come through.
While it can be difficult asking your family and friends for a loan, we’re more than willing to bet one of your solid supporters will come through with a cash loan to help you get by.
What To Do When You Need Cash Now
Now that you know these 5 solutions for those times when you need cash now, you can restore your finances with time to spare. Once you’re on track, set up a plan to save emergency money so you’re never left feeling flustered again.
Want more tips and tricks to make money today? Check out our other articles to discover everything you need to know to get in the green this year.