So, you need money – what else is new? But you need it fast, and there is no time to waste. But there’s no need to panic; nowadays, there are more solutions than ever before for people who find themselves in difficult financial situations. No matter how urgent your need is, there is bound to be something you can do to get the money.
Here are 5 different solutions for quick money, from selling or pawning items you no longer use to borrowing money through friends or lenders, and even finding some bonus work you can do in order to earn some extra money that can contribute to your fund.
1. Sell some items online
Selling your belongings is easier and less stigmatized than ever before. Second-hand or used items are no longer looked down upon; in fact, it’s even cool to buy used. In fact, you can probably even get away with charging more than you thought, depending on what the items are and in what condition they’re in.
Obviously, a used car has not retained much of its value, but when it comes to clothes, toys, or furniture, you could be sitting on a veritable goldmine. There are plenty of websites that allow you to sell your things, such as eBay, Depop, Poshmark, Craigslist, etc. It may take a few hours to a few months to sell something, depending on demand and pricing. If you’re just interested in getting rid of the stuff for any price, you may find that your items fly off the shelf page.
Time frame: days, weeks, or even months, depending on the items and pricing
2. Do side gigs online
If you’ve got an internet connection, you can probably start making money right now. The gig economy is flourishing, and freelancers and gig workers have more and more websites to choose from to find work, clients, and a place to grow their business. This may be the ideal place for you to make a quick buck.
For convenience’s sake, you may want to look at online gigs that don’t necessarily require some super refined skills:
- Essay writing
- Watching videos
- Filling out surveys
Basically, if you have some extra free time and you want to make some fast money, you can opt for some low-level gigs that almost anyone can do. The money won’t be paying for a Disneyland vacation any time soon, but it adds up when you need it. You’ll also want to take into account the fact that it may take a while for you to receive the payment and for it to be processed.
Time frame: days
3. Borrow from friends & family
Borrowing money is never comfortable, but sometimes, you just don’t have any other viable choice. The advantage of borrowing money from friends or family is that they are more amenable to your plight and are more likely to take pity on you and lend you the money you need. And that’s even if your credit is a bit garbage, which traditional lenders will not let slide that easily. If you’re really lucky, or the friend is a really stand-up kind of guy, you may even escape an interest charge. Sweet!
The downside is that your friends may not necessarily be loaded, or that taking money from them may strain the relationship. You’ve gotta take into account the possibility that you might not be able to pay them back in a reasonable time frame, or at all. That won’t do your friendship any good.
Time frame: same day, a few days
4. Get a same day loan
People typically stay away from same day loans, and to be fair, they are not the cheapest solution, or the most recommended. But depending on how urgent your need is, this may be your best bet, as long as you are careful about the lender. A same day loan allows you to apply and hopefully get approved for a small personal loan on the very same day.
Because this still works in the same way as a regular loan, you will be held to some standards regarding credit score and affordability. But even these can be solved, albeit with a higher interest rate. Again, not ideal, but if you need the money and know that you will be able to afford the repayment in a short amount of time (payday, in this case), then you’re good to go. Plus, if you do end up repaying it in the allotted timeframe, it may even boost your credit. Silver linings?
Time frame: same day, or next day
5. Pawn some items
Finally, the option everyone is well aware of, but that no one wants to have to resort to. Visiting your local pawnshop doesn’t have to feel like a defeat; it’s a very good source for money on the spot. When you’ve got a financial emergency, this can be your temporary rescue, because you don’t need to jump through fiery hoops of paperwork and credit scores in order to get the money.
Of course, it does rely on you having an item that is of high enough value to pawn and on the risk that you might not get it back. This solution is only really recommended if you know for a fact that you will be able to recuperate your item, either because you are getting paid for sure in the next few days or because another financial solution is coming through.
Time frame: on the spot
Everyone’s been in a tight spot, financially, at some point or another, so there is no need to feel embarrassed about it. Thankfully, no matter how bad a scrape you’re in, there are always solutions to get you out of a delicate situation. Whether it’s borrowing money through a lender or friend, selling your stuff, pawning it, or making some quick money by doing extra work online, there is always something you can do and a solution you can turn to for your money woes.
Categories: Earn Money Online