Life is full of unexpected surprises, both good and bad. And it seems that when the bad comes around, it usually comes in the form of financial hardship. Understandably, this can cause a rapid amount of emotions to build-up, including fear, despair, hopelessness, and just an overall sense of dread. Needing quick cash can be a daunting challenge, but it is certainly not impossible. Therefore, the following list includes five proven ways to get quick cash during an emergency.
Let’s quickly get this one out of the way because it is certainly not ideal to borrow money from family members. Due to the pressure of having to pay back a loan, borrowing money from family can put a real strain on the relationship. However, when a financial emergency arises, this may be your quickest and most effective option. So, how should you go about it? The best way to ask a family for money is to explain every reason (in detail) for needing the money. Transparency is your best friend in this situation, so keep things honest. Lastly, you should make it a priority to create a repayment plan that both parties can agree to.
Apply For Quick Loans
Getting a traditional bank loan can be a very lengthy and tedious process to go through. This is certainly not ideal if you need quick cash for an emergency that requires it immediately. Therefore, a great way to avoid the hassle of going through a bank loan process, RapidLoans is the way to go. These types of loans will allow you to receive a sizable amount of money by simply signing a few documents. The best thing about these types of loans is that they can often work with you even if you don’t have the best credit score.
Obtain a Second Job
The option of getting a second job is often thrown out when people need quick cash. The reason behind this is that most companies will force you to wait at least two weeks before you receive any type of payment. However, there are various industries where you can make money within a day. Some of these include bartender and waitress jobs that allow employees to keep their tips each night. In addition, many state governments have programs in place for out of work individuals. These jobs can range from full-time work to one day jobs that can involve cleaning up an office or simply filling some papers.
Innovations in technology have allowed people with all types of skills to utilize them for profit online. If you’re excellent at proof-reading documents or can type very fast, you can certainly find online companies that will pay for that skill. There are a variety of online sites such as Fivver that allow you to promote your skills to the world. The best thing about it is that unlike a job where you are given a certain amount of hours, freelance work is plentiful, and you can earn as much money as you want as long as you are willing to put in the work.
Rent Out a Room
Sites like Airbnb have proven the effectiveness of renting out your home for profit. However, if you currently have only one place to live, this may be difficult to do at the moment. So, how can you utilize your home to make a quick profit? One of the best things to do is to rent out your basement to someone looking for a place to live. If your basement is finished with running water and heating, you can no doubt make a nice profit. But what if you don’t have a basement to offer people? That’s okay too, renting out rooms is also acceptable within many states and can generate you extra income without doing too much work.
Being strapped for cash during an emergency is certainly never a position we want to be in. However, the reality is that at some point, it will happen to everyone. Luckily for you, you do have options to overcome this issue. Simply adhere to the information listed above to ensure that you are able to receive the quick cash needed for your emergency.