Financial emergencies often catch people unprepared, especially those without an emergency fund or savings. Covering an urgent expense may be difficult if you don’t know where to get some money. Fortunately, there are several things you can do to make money quickly. Outlined below are six easy ways to raise cash fast.
Payday loans
Payday loans are unsecured, short-term cash advances you repay upon receiving your next paycheck. They’re ideal for anyone looking to raise money quickly. Payday loans, including e-transfer payday loans, are easy to qualify for, and the application process is simple as it’s done completely online. They’re a fast solution for people with bad credit who have no other way to cater to their needs because traditional lenders consider them high-risk and may automatically reject their loan requests.
Upon a successful payday loan application, most lenders wire the funds into your account within minutes, making these loans perfect for financial emergencies like unexpected medical expenses. Since payday loans are available 24/7, you can borrow at any time of the day and still get the money quickly. Also, there are many options for anyone looking for a payday loan because there are many lenders who can give you fast cash loans.
Consider pet sitting
Pet sitting is a quick and stress-free way to make money. The best thing about it is that you can pick your own work hours, allowing you to work whenever you want. You can find pet-sitting jobs on different pet-sitting websites. These platforms function similarly and in an effortless manner that lets you market your services, and the pet owner browses through various service providers to find the one they find most suitable. Once you find a pet-sitting website you like, register, select, and price your services. Get verification badges to better your rankings and get seen. This makes it easier to get jobs and earn cash quickly.
Liquidate your assets
Liquidating your assets means selling them for cash to cater to an urgent, significant expense or need. Only liquid assets (those you can convert into money quickly without losing value) can get you money quickly. Some of the assets you can liquidate include:
- Stocks
- Bonds
- Treasury bonds and bills
- Exchange-traded funds
- Certificates of deposit
- Money market funds
- Mutual funds
- Precious metals
You can also sell other things like electronics, clothes, and jewelry.
Hold a yard sale
If you have some personal belongings you consider unnecessary, consider holding a yard sale instead of filling clutter in your home or tossing them in a trash bag. It’s a quick way to make money. To make the most out of your yard sale, consider the following:
- Offering a lot to sell: Sparse garage sales don’t have sufficient curb appeal. Offering a lot to sell can help attract treasure hunters
- Sprucing things up: Upon deciding on hosting a sale, ensure your items are appealing to increase sales. Take time to prepare for the yard sale by cleaning and dusting everything
- Pricing correctly: Pricing yard sales isn’t easy. If you price too high, you’ll keep potential buyers away, and if you price too low, you won’t make too much from the sale, as most people are likely to bargain. Considering how much you’d be willing to pay for those items can help you price everything right
- Making it easy to shop: Grouping things in a logical manner can help make it easier for people to shop. For instance, you can put accessories, clothes, and shoes in one area and magazines, books, and other related items in the other
- Offering profitable extras: Selling things like drinks and snacks on the side during the yard sale can help boost your yard sale earnings
Sell gift cards you haven’t used or don’t need
Selling unused or unwanted gift cards is an immediate way to make money. You can sell them on third-party sites that allow you to exchange these cards for cash. Gift cards can be sold on online marketplaces like Raise, where you’re allowed to decide how much discount to place on your cards. You only get the money after someone purchases your gift cards. Note that these sites impose a fee for letting you use their platform to sell your gift cards.
Leverage a credit card cash advance
A credit card cash advance is a short-term borrowing that lets you access funds quickly from a banking institution such as a bank. It’s money you borrow from your credit card’s credit limit. Credit card cash advance is a quick and easy way to get cash quickly as you don’t need to have funds in your account, and no approval process is involved.
You can also withdraw the cash advance directly from an ATM if you have a credit card PIN. Unlike a bank loan, you don’t have to submit any documents or undergo a credit check when getting a credit card cash advance, making the process even faster. Also, this solution doesn’t involve high-interest rates.
Endnote
Unexpected financial needs can be stressful, particularly when you don’t have a way to cater to them. Nonetheless, implementing these options can help you raise cash fast.
