Ways to Make Fast and Easy Cash When You Are Trying to Make Ends Meet

By George Talbot

Finances can be a source of stress for anyone, especially if you realize that your personal finances are going to come up short. If you sense that you might not manage to make ends meet for any reason, it is good to know what kind of options you have at your disposal to get your hands on some quick cash.

If you are curious about what your options are when you are running low on available cash, continue reading to find out where you can turn to make and borrow money in a pinch.

Take out a credit card cash advance

If you are in good standing with your credit card provider, you should feel like taking out a credit card cash advance could be a great option that will help you get out of the tight financial spot you have found yourself in.

One great aspect of this option is that just like other credit card purchases, a credit card cash advance can end up in your account almost immediately. After you take out a cash advance, your lender will make their money back by charging fees and interest rates.

Exchange loose gift cards for cash

Did you know that according to an ongoing report, Americans have about $41 billion dollars in unredeemed gift cards just lying around How mind blowing is that! You can use those old gift cards lying around in your kitchen cupboard to make some cold hard cash. Thanks to several websites online, you can instantly convert most gift cards into cash. The site Gift Card Granny is an online marketplace that allows gift card owners to sell their cards to the buyers that offers the best price.

In most cases, you will exchange your card for cash that will be deposited in your PayPal account. If you already have a PayPal account set up, you can transfer the money you make to your bank account in 24 hours.

Ask family and friends

This is going to force you to swallow a bit of your pride, but asking family and/or friends can be a huge help if you have nowhere left to turn. Your loved ones are more likely to by sympathetic to your troubles and will very likely offer you a loan with no interest at all. Where else are you going to get that?

The tricky thing is finding a way to borrow money without risking a fracture in the relationship. The best way to do that is to pay them back as quickly as possible, keep them updated on your financial situation, and show undying gratitude for their help.

Reach out to local charities

This option might force you to swallow a bit of your pride, but if you’re really in financial trouble and if you’re truly worried that you might be late on rent, and be evicted as a result, you should take advantage of all possible options.

Now is not the time to be ashamed about asking for help. Reach out to local organizations that could offer a helping hand. For example, the United Way offers a free service called 2-1-1 which connects those in need to local groups that offer rent, utility, and housing assistance. In most areas, you can dial 2-1-1 to confidentially speak to a trained professional who could help ease the burden. You can also visit their website online to get more information.

Take out a car title loan

A car title loan can be a great way for you to get your hand on some money in just a few hours. A title loan is a secured loan where you borrow money from a lender against the value of your car and the equity you have in your car. These loans are a great option for you if you do not have great credit, but do have a clean car title.

Car title loans are easily accessible online, and you can provide all of the documents necessary, and even prove the value of your car online. The downside of car title loans is that they do come with very high interest rates and annual percentage rates. The common payment term for car title loans is just one month, so if you are unable to pay back your loan within that time period, you could default on your loan and having your car repossessed by the lender you borrowed from.

Start driving Uber or Lyft

This might not help you if you need your rent, like, today, but if you own a car that is up to the standards of these two incredibly popular ride-sharing apps, you can make a ton of money during your free time by being a contracted driver.

On top of that, Uber and Lyft have both been known to offer sizable bonuses to new drivers who meet a certain standard within their first few weeks of working for the company. If you work hard to meet that mark, you can start make a lot of extra cash in a very short period of time. It can also be an ongoing thing for as long as you need extra cash.

Payday loan

If your back is against the wall and you need cash fast, a payday loan is a great way for you to get super-fast cash in your time of need. Still, there are things to keep in mind when you are considering taking out a payday loan.

First off, payday loans are typically only worth to up to $500 – so they probably won’t cover the entire cost of rent for a month unless you live in a cheaper rent area. Secondly, it is important to know that after you get the cash, the payment term is quite shorts and you’ll have to pay back the value of the loan, plus a very high interest rate, by the end of your term. While payday loans certainly have their downsides, the upside of the loans is that they can be very easy to get and typically only require proof of income for you to be approved.

In Conclusion

As you can see, there are quite a few options available to you in terms of fast cash when you need it most if you are in need. While some do come with considerable risk, especially bad credit or secured loans, they can help you greatly if you are in a pinch.

Hopefully, the steps you take now will help you avoid this kind of emergency in the future.

Good luck!

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