Almost everyone will at some point in their lives have expenses that they can't immediately pay. If you need quick cash, learn about your options here.
The timing never seems to fail; your car breaks down or you receive an unexpected bill when you’re flat broke. Needing fast cash like yesterday is never a good feeling.
But before you panic, know you have options. In fact, there are many ways of finding money when you’re in a pinch. Most of which will land cash in your pockets today.
Let’s look at 10 legitimate options you may have never thought of when you need quick cash.
1. Sell Valuable Items
Chances are you have valuable items you don’t use sitting around your house. Instead of letting them collect dust, sell them for quick cash!
How about that diamond ring your ex gave you? The extra TV sitting in the spare room? Or your old smartphone stashed away in the junk drawer?
You can pawn or sell about anything as long as they’re in good condition and have value. Plus, not only does it help when you need quick cash, it frees up your home from unused clutter. It’s a win-win.
2. Work a Quick Side Hustle
Side hustles are very popular for people needing to earn some extra cash. But when you don’t have time to find clients, send invoices, or do prolonged work, look for side hustles that pay you today.
That could include things like dog walking, babysitting, tutoring, or taking surveys online.
To keep the side hustle going for now or anytime you need quick cash in the future, look into ridesharing or renting out a room in your home. It allows you to earn money anytime you need it, letting you call the shots.
When you need some quick green, how about think green! Recycling not only earns you money, you’ll be saving the environment which gives you all the good feels.
Go on a “treasure hunt” for bottles and cans. Local areas such as parks, recreational fields, dumpsters, or camping grounds could offer up a jackpot of recyclable items. You may find more than you think!
Then take your findings to a recycling center to turn in for fast cash. It’s a good deed that pays off in more ways than one.
4. Take out a Cash Loan
Another option to get immediate cash is to apply for a cash loan, such as loans from CaptainCash.
These types of loans don’t involve credit checks, so you don’t have to worry if you have bad credit. Plus, you can apply online, set up your payment options, and have the money transferred directly to your bank account.
Make sure you understand all the fees included with your loan and what the penalties are if you’re unable to pay it back on time.
5. Get a Credit Card Cash Advance
If cash is a requirement, and you simply can’t put whatever you need money for on a credit card, you can get a cash advance from a credit card you currently have.
With most credit cards, it’s as simple as going to an ATM to withdraw the money.
The downside to this is the fees you’ll rack up. There’s usually an upfront fee when you withdraw money and the APR’s are much higher for cash advances. Know the numbers before you proceed.
6. Donate Plasma
If there’s a plasma center in your area, donating your own plasma can earn you extra money. Many of these centers also pay you the same day.
You have to meet certain requirements to donate plasma, so check with your center ahead of time.
Your first visit could take up to one or two hours, but the average visit after that is about 30 minutes. Most of the time you can donate up to twice a week, getting paid each time.
7. Ask Family or Friends for a Loan
When money is tight, sometimes the best place to get fast cash is from the bank of mom and dad.
Think about family, or even good friends, who would be more than willing to give you a loan. If it makes everyone feel better, iron out the details beforehand such as when the loan will be paid back and if there are any conditions attached.
Just be sure you’ll be able to abide by any loan terms. It’s never cool to burn family or friends when they agree to help you out.
8. Do Odd Jobs for Family or Friends
If you feel too uncomfortable asking family and friends for a loan, why not offer to do some odd jobs for payment?
Surely someone needs some furniture moved, their lawn mowed, or to have some brush and branches hauled off their property. Maybe you can clean their house or run errands around town for them.
It’s a way for you to earn some cash, avoid the awkwardness, and help out the ones you love.
9. Search Your Home
You could have cash laying around your house and not even know it. So when you need quick cash, go searching your own home for it!
Check drawers, under seat cushions, and in the pockets of jeans or coats. Girls could find forgotten money left in extra purses. Or you may have stashed some leftover change in your car’s center console.
If you have a jar you collect spare coins in, take it in and exchange it for cash. It may surprise you how fast those loose coins add up to a nice sum of money.
10. Borrow Against Retirement Funds
Your retirement fund is there for you when you need it later in life. But in a financial pinch, it could be there for you right now.
Most retirement funds allow you to take out a loan against the amount you already have in your account. Interest rates are usually low and this type of loan doesn’t affect your credit score.
Check the terms of your retirement loan. Many times you have to pay it back within a certain time frame or face penalties.
Help Is All Around When You Need Quick Cash
Needing emergency funds can make you feel anxious. But with these tips, you’ll soon realize you have lots of options when you need quick cash. And that can give you peace of mind when you need it most!
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