Unexpected expenses can occur at any time, meaning that you won’t necessarily have the funds available. An emergency financial situation could be anything from a medical issue through to your car breaking down and being off the road.
When you do find yourself in this type of urgent situation and you need cash to get out of it, you can end up scrabbling around, desperately searching for ways to find the money you need. Let’s take a look at some of the ways that you can come up with money fast when you really need it.
Liquidate your Possessions and Get Rid of Unwanted Clutter
You have a number of different options when it comes to liquidating your assets or possessions and selling off some personal items. If you’re really desperate and need to obtain a certain amount of money quickly, you might be forced to sell something you want to keep, like a motorcycle or your favourite set of golf clubs.
Alternatively, most people have accumulated a lot of stuff over the years and likely have things just sitting around the house. In this instance, you could gather up those unused items and host a garage sale on the weekend. This is a quick way to put some cash together and declutter your home in the process.
You Could Find Some Extra Work
Although this might not seem like a way to get cash very quickly, in some instances it can be. For example, jobs like delivering pizzas at night often pay on the night for each shift. Or, at the very least, you get to keep any cash tips you earn right away. Delivery gigs like this are often quite easy to get if you go around canvassing your local area. Food delivery services like Uber Eats and Deliveroo are also a good way of making a few extra dollars on the side.
You might also consider printing up some cheap flyers advertising odd jobs such as car washing or mowing lawns. Doing these types of jobs can be a good way to make some quick cash and help out your local community in the process.
Whatever work you do or extra jobs you take on, it doesn’t have to be permanent. You can just do it until you’ve made enough money to get yourself out of trouble.
A Credit Card Cash Advance Could Save the Day
If you have a credit card with some available balance on it, you could get a cash advance and use that money to pay for any expenses involved in resolving your emergency situation. However, credit card cash advances do attract high interest rates and sometimes additional fees, so this may not be the ideal option for you if you are trying to keep your repayments down.
Rent Out the Spare Room
There are often people looking for short term and budget accommodation options, so if you have a spare room in your house, you could rent it out to make some extra cash. It might be a local who needs a place to stay, or it could be a traveller who wants to spend a few months in the area before moving on.
Just like with working an extra job or doing odd jobs, it doesn’t have to be a permanent situation. You could just rent out the room for a certain period of time that gives you enough cash to resolve your problem and maybe a little extra for peace of mind.
Apply for An Emergency Loan With Cashify
What is an Emergency Cash Loan? It is a form of Personal Loan that you can apply for through Cashify to get the money you need without the long waiting period. We specialise in the fast processing and approvals of Emergency Loans to ensure you get the funds when you need it most.
The purpose of an Emergency Loan is to provide you with the funding you require to resolve your emergency situation and take the pressure off. Once your problem has been sorted, then you can focus your attention on repaying the debt.
Disclaimer: Please note this content is of general nature only and does not take into account your personal objectives, financial situations or needs. For advice tailored to your financial situation, it is advised that you seek guidance from an accountant or financial advisor. The information contained in this article is correct at the date of publication.