If you ever face an emergency where you need cash, it’s helpful to have some way to come up with that cash quickly.
Quick cash may not be about making a lot of money or becoming rich, it’s simply a way of taking care of your pressing bills or pending payments.
Here are seven ways that can help you raise much-needed funds.
1. Sell Pre-Loved Items Online
Do you own an item that is no longer needed?
You can sell your pre-loved jewelry or electronics online using platforms Depop, eBay, GumTree or Facebook Marketplace. These platforms are often free to list and easy to use.
As they say, one man’s junk is another man’s treasure!
2. Borrow Money from Friends or Family
If you find yourself needing money quickly to solve an issue, family and friends may often be on board to help out if you are reliable when it comes to borrowing and repaying them.
3. Emergency Loans
There are a number of private lenders and online platforms that offer emergency cash loans.
By filling out an online application with accurate information and necessary supporting documents, you may get approval for quick cash.
It is also worth noting the terms and conditions of your potential loans, as this will cover things such as interest rates, your repayment period and other conditions to avoid a bad credit rating.
4. Offer Services for Money
In cases where you do not have high-value items to sell, you may be able to offer your services or skills to people. Valuable paid services may include painting, dog walking, house sitting, car detailing, lawn mowing, garage cleanouts or gardening. You may also sign up for online platforms such as Airtasker or Fiverr, where you can find jobs and offer such services. Offering services can make you some quick cash to fit your emergency needs.
5. Rent Your Items
You can rent your property out and make money for things that you own but currently aren’t using. This is common for people who work 8 – 5 jobs that may rent their car out using the GetAround platform as they do not need them during the day. Online platforms such as Fat Llama also allow you to list your property and equipment for rent, such as gardening equipment.
6. Food Delivery
Delivering food to offices and homes in your local neighborhood is a sure way to cash in fast. By leveraging companies such as PostMates, DoorDash, Uber Eats, GrubHub and Instacart, you can make anywhere between $10 to $20 dollars an hour.
7. Rent Your Room On Airbnb
Since people are always traveling to different destinations either for fun or for work, renting a room or your entire house on AirBnB can help you make quick cash.
Depending on your locality, travelers may be looking for a place to stay just for a few nights, or even up to a few weeks. It’s as simple as listing your room on the platform and charging per night with an additional cleaning feel!
If you find yourself in need of emergency money, it’s worth remembering that you always have options. Consider the above methods and choose the best that will suit you and your time frame to earn that extra needed cash, these methods are a sure way to cash in without decimating your finances.