There are plenty of reasons why you might need quick access to money because of an emergency and it’s important that you can get this cash when you need it. Whether you need to fix your car that has suddenly broken down or take a pet to the veterinarian, there are ways that you can get access to money at short notice. Here are some of these ways.
Sell Something You Don’t Use
Chances are pretty good that if you look around, you’ll find a few things around the home that you don’t use or don’t need anymore. Selling something is a quick way of getting your hands on some cash for your emergency. There are many great ways to sell your unwanted items these days that you’re spoiled for choice. You can use an online classifieds service or social media platform, or you can offer it up to friends and family in an instant messaging group. Just be aware of some common scams used on people selling secondhand goods.
Ask Your Job for an Advance
Depending on where you work and the relationship you have with your company and boss, this may or may not be an option for you. If you’re in a bind and need access to money in an emergency, particularly if it might affect your work, your company might be willing to offer you a cash advance. If you do go this way and your company will accommodate your request, just be prepared to not get this money in your next paycheck, of course.
Get a Payday Loan
Payday loans are a type of unsecured loan that you can use that works similar to a wage advance. The payday loan company will offer you an instant cash pay out which you’ll need to repay with your next paycheck. It isn’t the cheapest option for access to cash, but it is convenient and the requirements are generally lower than traditional credit. If you want to know more about payday loans and how they work, have a look at some of the common payday loan FAQ questions.
Get a Side Hustle
This might not be as instant as some of the other options, but if you often find yourself needing to fill in a gap for a bit of extra cash, then starting a side hustle is an option. There are plenty of choices in the modern workforce that use the gig economy like driving for an e-hailing service or delivering packages or food. You could also offer up a service or a craft on a website like Fiverr or Etsy to make some extra cash on the side.
Managing an emergency can be incredibly stressful and not being able to afford to sort it out can make that stress infinitely worse. Knowing that you have options and ways to get cash if you need it is vital to being able to deal with anything that might happen when you least expect it and aren’t financially prepared for it.
