If you’ve ever thought to yourself, “I really need money,” the standard money-saving advice is probably not what you need right now.
The fact is that if you’re in desperate need of money, you’ll need to think outside the box. This post is here to assist you with that.
We’ll take three ways to this.
First, we’ll talk about how to get extra money so you can avoid going into debt. Starting a side business is the best method to obtain extra cash without taking out a loan. Fortunately, not all side hustles require money to get started.
Then, if acquiring a loan is something you really must do, we’ll go over several options. We talk about personal loans, credit cards, and high-interest options when you’re in a pinch.
Finally, we’ll offer some advice on avoiding repeating this situation and emerging from it in a better financial position than when you started.
Examine the options below to see if any of them will help you obtain money quickly.
1. Get free money by signing up for sign-up bonuses.
These websites will genuinely pay you to sign up. I’m not kidding! This is genuine free money.
Most of these are survey sites or get paid to (GPT) sites, so you may wish to stick with them and keep earning, but you may also pay out the registration bonus.
Swagbucks will pay you $5 just for signing up. You can get money by viewing videos, taking surveys, or playing games.
Ibotta will pay you $20 when you activate an offer (which you can do at the grocery store, so this is very easy). Ibotta is a coupon and savings software that allows you to claim discounts on items you already buy. Check out our Ibotta review.
InboxDollars offers a $5 sign-up incentive as well.
This article contains many different websites: Sign Up for Free from Get Paid to Sites.
2. Offer to do odd jobs.
People often search for help with odd jobs like gardening, general yard maintenance, cleaning, and housekeeping if you have the tools.
Use social media to offer your services, charge a reasonable hourly cost (because you need the money and hence need the work), and be available when people contact you.
Local neighbourhood Facebook groups are your best choice for discovering odd jobs that don’t require you to travel too far.
3. Do a Garage sale
A yard or garage sale is one of the simplest ways to make quick money.
You can do it one day and then spend the next listing items that did not sell online.
Make sure you charge a reasonable price for your items for them to sell. After all, you require funds today.
4. Make use of Craigslist.
People sell many kinds of things there, and they commonly do so when they need money quickly.
Put useless items around the house to work for you.
Instead of sitting in your cellar, post your items on Craigslist or eBay and let them go to good homes where they will be properly cared for.
Just be cautious because some people will try to dupe you into handing over the items before they have paid.
5. Do freelance work
One of the best ways to acquire money quickly if you have skills is to work freelance.
You might list your skills on sites like Upwork or Fiverr and sell them for quick cash.
I used to write articles for $50 each on Upwork. It wasn’t a lot of money, but it was a quick and consistent way to make money.
Consider working as a virtual assistant, a graphic designer, a web developer, or an online tutor.
Anything you’re good at can be marketed online; you simply have to be imaginative.
6. Consider renting out a spare room.
If you have a spare room, that’s rent money!
Make the room seem neat and snap some decent photos before listing it on Facebook Marketplace or sites like Craigslist or Gumtree.
If you don’t want a long-term roommate, you can always offer it for a certain amount of time, just long enough to acquire the money you need.
People are always looking for low-cost, short-term housing so that you could be assisting someone else as well.
You might even find that you love the extra income after a while, and the roommate gets to stay!
7. Sublet your home and live with your family.
It would be best if you thought about subletting your house for extra income.
This can be a sensible solution if you have somewhere to stay for free or cheap while getting your finances in order.
Check with your local regulations to see if this type of agreement is permitted, and if you are renting, check with your landlord first.
8. Rent a car
If you don’t drive much or have a vehicle that you won’t need for a few days per month, consider renting it out on services like Turo or Carnextdoor.
It’s similar to Airbnb in that it allows average people to offer their services to others at a reasonable price – which is fantastic if you have something collecting dust in your garage.
9. Sell your car
If you have a dependable vehicle, sell it! People will buy secondhand cars all year long if the price is right.
Many people don’t mind purchasing older models — in fact, some prefer them because they are less expensive.
If you don’t need a car to travel around and get to work, selling it could significantly impact your bottom line.
10. Sell your old cell phone
Do you think your old cell phone is worth anything? Yes, some people will buy old versions of phones that cell phone providers no longer sell.
Make some money while also assisting others!
You can sell your old smartphones on Craigslist or Facebook Marketplace, or you can trade them indirectly with select wireless companies, such as Koodo Mobile, for credit towards new phones.
11. Offer unused gift cards for sale
Check your cupboards; you may have some unused gift cards that you never used.
Consider selling them on services like Raise to gain cash and take advantage of any expiring opportunities that would otherwise go to waste.
You could be shocked at how much money is hidden inside those expired gift card accounts!
12. Downgrade your services
This is a critical step that must be handled with caution. If you currently have a lot of debt and struggle to make ends meet, consider cancelling your pricey services, such as cable or cellphone, and downgrading to a lower plan.
This can be tough because some companies will make you an extremely low offer in exchange for abandoning their service entirely, so it may be worth contacting around to examine your options before simply breaking connections.
13. Take online surveys
This is one of those activities that you should double-check before participating in.
Many companies pay people for their opinion, but some companies trick people into signing up for fraudulent survey sites under the guise of making money.
It’s advisable to stick with large, well-known sites. We like the following websites:
- Branded Surveys – excellent reviews on Trustpilot, available in Canada, the United States, and the United Kingdom.
- Survey Junkie — popular, high-paying surveys. USA, Australia, and Canada
- Opinion Outpost is a well-known trust brand in the United States and the United Kingdom.
- Opinion World is the same firm as Opinion Outpost. Australia, New Zealand, and Ireland
This is a list of genuine survey sites that pay cash through PayPal so that you can get free cash in your bank account.
If you are not based in Australia, these are the sites we recommend for our international readers:
14. Take on a part-time job
A part-time job can solve all of your problems. Depending on your skills, you may make $10 to $20 per hour for jobs ranging from retail to work and even childcare or data entry.
You’ll need a flexible schedule, which may be difficult if you already have family obligations, but it’s certainly one way to gain some quick cash in a hurry!
15. Offer your services as a pet sitter or dog walker.
Many people who go on vacation do not want to leave their pets alone at home, so they look for someone to come in and care for them while their owners are away.
This is easier said than done, but with sites like Rover.com, you can contact thousands of local clients in need of dog walking services right away.
16. Take out a personal loan
If you need to borrow money, a personal loan can be an excellent alternative if you already have a job or another source of income.
Just keep in mind that it may take some time to get accepted and receive the funds.
This is because personal loans require application forms and credit checks, and therefore might be more difficult to obtain than other types of funding.
However, if taking out a personal loan is what you need to do in an emergency, it’s something to keep in your back pocket.
Personal loans are also easier to obtain when you have good credit, so do everything you can to keep your credit score up.
This includes paying all of your bills on time each month and making payments greater than the minimum due on any accounts you have.
This is definitely not beneficial to read while you desperately need money or have bad credit, but it is something to keep in mind for the future after you have recovered from your financial problem.
Personal loans typically offer lower interest rates than cash advances and payday loans.
17. Consult with family and friends
If you are in dire need of money, seek assistance from a family member, friends, or other well-off acquaintances.
This is difficult to perform and should not be done frequently (if you respect the connection), as it builds tension.
However, if done sparingly, asking family and friends can be quite beneficial.
And most people who care about you will not want to see you suffer.
Make sure you provide upfront information about how you intend to repay the loan and keep to it.
18. Use credit cards
Credit card interest rates are high but not as high as payday lenders, so they should be near the bottom of the list of options.
Getting a new credit card is not something you should do if you need money right away.
If you already have a card, you can use it to get out of a jam.
Renting to own can be a wonderful option if you’re in a pinch and need an essential item right away.
Many stores use this strategy, which entails renting the item while making monthly loan payments towards purchasing the item.
It’s similar to buying on credit, but you have more time.
20. Obtain a credit union loan
A credit union can be a fantastic option for receiving loans with low-interest rates and fees if you are a member.
And, unlike other banks, credit unions are renowned for accepting you as a member even if you have low credit or little money.
Many credit unions require you to join the bank before you can apply for a loan.
Some credit unions may only allow you to borrow up to the amount you have deposited.
If you have $1000 in your account, most lenders will not issue you a loan for more than $1000.
This is a terrible truth about credit unions, and no amount of pleading or explaining will change it. This is just how the credit union survives.
21. Apply for hardship programmes.
Banks, credit card companies, and even some retirement funds may have hardship programmes to assist you.
To qualify, you must demonstrate that your income has decreased or that you have just experienced a life change (like unemployment or the death of your spouse).
22. Negotiate your payment plans
If you have a good track record with your creditors, they will often negotiate terms if they realise that you need their services and are serious about repaying them.
Keep in mind that this is only for emergencies, so make sure you’re an ideal candidate by getting in touch and describing your case as soon as possible.
You don’t want your file handed to a collections agency because that gives you less negotiating power.
23. Put your credit card to the limit
When you need cash urgently, placing it on cards can help you get things moving swiftly – especially if you have a flexible interest-free campaign running right now.
Be careful not to overspend, but consider that there is always another option if these funds run out.
24. Apply for a cash advance
There’s no reason why banks won’t give you money if you have a strong track record. In a financial emergency, withdrawing cash from your credit card as a cash advance is a sensible solution.
This option should be utilised sparingly because cash advance fees are often very high (15 per cent or higher), and interest is calculated from the cash advance date. Only use this option in an emergency!
25. Pay a visit to the pawn shop
If you have items lying around the house that aren’t being used, take them to a pawn shop and see what they can give you for them.
These stores will give you a cash loan with the item as collateral. Almost always, the loan amount is less than the item’s value. – thus, it’s always a good idea to do some research before simply handing over your belongings!
You can then repurchase the item by making recurring payments. If you decide to do this, make sure you know how much your item is worth and keep in mind that the pawnshop will charge you interest and fees for their services.
It’s not worth doing if you value the item.
However, for things you can live without, the cash may help cover some of your outgoings, and it is usually paid promptly, making it a fantastic option when you need money right away.
It’s worth noting that if you have the time and energy, you’ll almost always make more money selling your precious items privately rather than at a pawn shop. This is another last-ditch option for when you’re out of money.
26. As a last resort, use a payday loan.
If you’ve never utilised a payday loan before, you should be aware that there are two kinds of them. There are two types of loans: short-term loans and long-term loans. This is how they work:
You complete and submit an online application form to the loan provider. You can select your payback period (e.g., one month, three months, etc.), the amount you want to borrow ($500 – $1000), and how frequently you want to pay back ($100 every week, every two weeks, every month).
Once that information is provided, an automated credit check will be performed, followed by human verification of your income (we live in a robot world, after all!). You will have access to the funds once the verification process is complete.
Payday lenders exist on the outskirts of the financial services world, even though they are desperately required.
Payday loans are only used when you need money quickly and have no other options. Because of the exorbitant fees and interest rates, they should only be used as a last resort.
>> Things to do after your money crisis has passed
Once you’ve recovered from your personal financial crisis, you can pursue the next actions.
27. Start an emergency fund.
When you get back on your feet, the first thing you should do is start an emergency fund.
You must ensure that you have enough money saved so that if you ever need money, you can acquire it from your savings.
Ideally, it would be best if you put away 3-6 months’ worth of spending.
That amount may seem daunting at first, so start with at least $50 a month, and if you can do it consistently, that’s a terrific start to start.
28. Make a budget
Once you’ve got everything in order, make sure you don’t make the same mistakes again by making a monthly budget that shows you exactly how much money is coming in and going out.
The best way to accomplish this is to utilise a budgeting application such as Mint. It eliminates the need to keep work of your spending. All you have to do is connect your bank account to Mint, handling the rest.
Make it a practice to monitor your accounts regularly so that no surprises come as a surprise. It is always better to be safe than sorry!
Make a bare-bones survival budget in addition to your primary budget. Consider this a contingency plan for if another crisis arises.
A survival budget is a simplified version of your regular budget; you can make more about creating a survival budget here.
29. Live a modest lifestyle.
You may think you are already living frugally, but we can always do better.
When you’re strapped for cash, making small changes like cutting back on your daily Starbucks coffee might make a big difference.
It would be best to consider taking advantage of any possibilities to become more engaged in your community so that you don’t have to pay as much money on entertainment.
Getting outside and becoming a part of anything will make life less expensive and improve your general happiness in life.
30. Check your credit score
If you’ve had a negative financial experience and want to make sure it doesn’t happen again, getting your free credit score on an annual basis is an excellent idea.
Take actions to increase it if necessary – even if they are small, every little bit helps when you don’t have any cash flow!
Your credit score will impact the type of loan you can get in the future, so do everything you can to get it back on track.
31. Pay debt once and for all.
Whether it’s overdraft fees or high shop card balances, the sooner you pay them off, the better.
If you take out a high-interest loan to help you get through a difficult financial period, prioritise repaying that loan.
Then, work your way through the loans by interest rate, paying them off one by one. Nothing will stand in the way of achieving your life goals this way!
32. Do not buy items that you do not need.
This may sound apparent, but if you are already strapped for money, spend spending the money that you require.
Instead, use the money to pay down high-interest loans.
If you’re living on the edge, a little money can go a long way.
If you have an amount that can cover your expenses for another month, spend it wisely and be grateful that you have it!
33. Have someone with whom you can bounce ideas.
Don’t go through life alone if you feel like it’s slipping through your fingers.
Talking to someone, such as a financial counsellor or mentor, can be quite beneficial in getting your money back on track.
A support person might also assist you in avoiding future circumstances where you desperately need money.
They may help you develop a budget to help you always have enough money, communicate with creditors on your behalf, and facilitate payment plans.
It’s also incredibly great to have someone with whom you can be honest about money.
Most people do not find it easy to manage their money right.
The good news is that once you’ve gotten your finances in order, it’s pretty simple to stay on top of things.
Nobody wants to be in a financial emergency, and that’s sure; what matters is that you learn from it and take steps to make sure you have enough money to do what you need to do next time.
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