Emergency Finance: 5 Ways to Get Money Quickly
When you find yourself hit by an emergency expense, it’s easy to feel overwhelmed. When your car breaks down, or you’re caught with an expensive boiler malfunction, you could find yourself wondering how you’re going to get by until your next wage packet comes through.
Obviously, the easiest way to make sure that you’re prepared for any problem that comes your way is to focus on saving cash from your income each month. Of course, it takes time to build that kind of a cushion – particularly if you don’t have a solid income, to begin with.
Here, we’re going to look at 7 things you can do to find extra money when you need resources fast.
Sell the Things You Don’t Need
If you’ve got a house full of clutter and not enough cash to pay for a sudden expense, then you might be in luck. Consider hitting online marketplace like eBay to sell off some of the items you don’t need. You can always make a day of going through storage boxes to find things that you can sell.
2. Ask Family or Friends for Help
While it’s nice to maintain your independence wherever possible, sometimes you need to turn to the other people in your life for a little extra help. If you’re not sure how you’re going to pay for something important, and you know that your mom has some money going spare, then ask whether you can borrow it for a small amount of time. Just remember to pay back what you owe.
3. Take Out A Credit card
If you’ve got a good credit history, then you should have a range of choices to choose from. Unfortunately, if you find that your credit is a challenge, then you’ll need to look for someone who provides credit cards for people with not-so-good credit. Remember, shop around as much as you can to make sure that you’re getting the best deal – and pay it off as quickly as possible.
Take on a Freelance Job
These days, you might not be able to take another mainstream career on alongside your regular job, but that doesn’t mean that you can’t find other ways to earn some extra money. For instance, the remote working environment means that people around the world are finding new ways to top up their income with freelance positions. You could design websites online, act as a virtual assistant, or even write blogs. On the other hand, you could think about offline jobs too, like delivering food, or dog sitting.
5. Ask for Some Forbearance on Bills
Finally, if things look particularly drastic, remember that you can always contact your electricity or gas providers, along with mortgage companies and other bill collectors to find out whether you can put your payments on hold for a short time, or at least cut the cost down until you’re back on your feet. Many providers are happy to discuss options with you when you’re suffering from a lack of cash.