Unless you are wealthy, there will come a time where you need some money fast to pay for an unexpected bill. Usually, you might expect some creditors to wait until you get paid before you can give them any cash. But, some people you owe money to might not be willing to wait that long.
If you have an urgent need to raise some money fast, the good news is there are plenty of practical ways of doing so. Today’s handy blog post will give you a few useful ideas that you can try out straight away! Check them out:
Sell unwanted items
Each household usually has a few grand of “stuff” that’s seldom used yet has a value attached. When you’re in dire financial straits, you should first seek to sell off any unwanted items that you can get money for fast.
There is a variety of ways to sell those things you no longer need. The quickest is to sell them to a local used goods store for cash. If you’ve got a bit of time before you need to pay something, try selling those items on eBay for more money. You could also list them on classifieds websites like Craigslist and Gumtree.
Get a payday loan
If you’re confident you can clear a debt off when you get paid, there’s one quick and easy solution you can take advantage of right now. I am, of course, talking about a payday loan! Companies like Ferratum make it easy to apply for short-term loans online.
But, if you’d prefer to get the money in person, you could always take out such a loan from your local pawnbroker. Just make 100% sure you can afford to pay the loan back when you get paid.
Ask your bank for an overdraft
Overdrafts operate in a similar way to credit cards, but they cost less to use. If your credit rating is good, your bank might authorise you an overdraft on your account.
If you’re successful, you’re free to withdraw the cash straight away so that you can pay that unexpected bill sooner rather than later.
Be sure to find out what charges your bank makes for overdrafts. That’s because some banks charge more for overdraft facilities than others.
Do some freelance work
Another way to make money in a short period is to become a “micro-entrepreneur.” Websites like People Per Hour and Fiverr let you sell a variety of services to customers. You decide how much you wish to charge, and what you’ll offer for the money.
Be aware that some sites might hold your money for a week or so before you’re able to withdraw your earnings. If you’re struggling to make ends meet each month, freelance work is a good way to supplement your main income. Especially if you can do the work from home in your spare time!
Well, I hope the tips above have given you some ideas on how you can raise the money you need within a short period. Good luck with whatever you decide to do!