Sometimes we just need to raise money fast! Sometimes the demand for a cash injection is pressing, and we scour every end of the internet trying to find a source. Even those with sound financial management in the present day may relate to their college days, or perhaps some other time where they came up short .For that, and for the time-sensitivity of the person finding an issue, it can be important to find advice fast.Here are 17 bright ideas to help you do just that:
Borrow – Borrowing cash can always serve as one of the best options, from family or friends. Here you’re never tied into a strict interest rate, although the price you pay for a lack of repayment is relationship breakdown, so it’s never completely risk-free.
Loans – Those who hate owing money to people they know could be better served by a loan, but be sure to shop around, and never take more than you need. Also ensure you have repayment plans in mind, otherwise this will be a no-go option.
Selling Belongings – Selling your personal items could be a rewarding option here, especially items you can sell fast. From video games to consoles to your computer speakers, there’ll always be a compilation of items you can sell with interested buyers in a short space of time, and you can replace that stuff as the months pass on.
Selling Assets – Consider your larger assets. Your car, a motorbike, perhaps something just as valued. This can help you gain a larger cash injection in no time at all.
Freelancing – Consider freelancing. Using websites like Upwork or perhaps taking artistic commissions through Tumblr can help you gain a humble amount for your work, and potentially lead to a profitable relationship.
Gig Economy – Are there small jobs you could take on, such as security for an event, or perhaps transport for a band? Looking online can yield a vibrant gig economy for you to take part in.
Overdrafts – Extending bank overdrafts can often help you access the best loan terms of your life, but don’t come to rely on this permanently.
Credit Cards – When was the last time you checked your credit card terms? Might there be funds for you to use if you’re in the black?
Scrap Metal – Scrap metal removal allows you to recycle value into money. You won’t be using this either, which is useful. Look around your property or garages, and see if you have any to spare.
Donation Push – For a specific cause, such as something emotionally important and valued, you may open a crowdfund and hope to gain some support from friends, family, or the public. Use sites like GoFundMe rather than Kickstarter, as they are more personal to the individual.
Savings – Do you have savings tucked away somewhere, perhaps from childhood? Might now be a good time?
Surveys – Completing online surveys can yield you money if you complete many, search online for the most reputable survey hubs.
Reselling – Could reselling items you’ve previously purchased help you reduce the impact of a recent splurge and even turn a profit on an auction house?
Fiver – Sites like Fiver allow you to commission a tutorial or other form of service for $5. This might help you raise a humble sum.
Extras – Could it be there is a movie shoot taking place near you? Often they’ll send out a casting call for Extras online, lending you potentially close to $100 for a day of work sitting around and following cues.
Advances – Could your boss offer you a cash advance if you’re struggling? It might help you clear the air for a little, but be sure to budget for the next month.
Negotiate – Could negotiating with your creditors be worthwhile? This might work if politely discussing your situation with creditors, giving you more time for all the options on this list.
- With these potential tips, raising money fast is sure to be a little more possible for you and your current situation. Good luck! All financial advice is general in nature and does not constitute specific financial advice. Please contact your financial adviser for specific advice specific to your circumstances.