Here's What You Can Do If You Are In Dire Need Of Cash
Emergencies can happen at any time and unless you are one of the world’s richest, then it’s going to be a challenge to keep up financially.
11:14 10 March 2021
Instead of completely giving up and letting your problems consume you, you should stand up and give yourself a fighting chance.
There are many ways through which you can get cash when you’re in dire need.
It’s not about having the most connections. It’s mostly about knowing all of the possible options in front of you. Here are some safe and easy ways you can get cash fast.
Sell Some Of Your Belongings
If you have a ton of stuff that you no longer use or need, others may find value in them. Thanks to the influx of online shopping places like Facebook Marketplace, it’s now easier to find people that can buy your stuff for you.
A lot of people resort to selling their excess stuff online when they require dire cash. You don’t have to sell off everything though. Make sure to keep the items that have sentimental value such as those which are gifts from others.
Selling some of your stuff will also help make more room in your home. If you are worried that no one else is going to want your items, then you are mistaken. There are millions of people you can reach out to using Facebook so it can be easy to find buyers even for the most obscure items.
The most common thing you can sell is old mobile devices or gadgets. People upgrade their phones regularly. Their old ones are just stuffed in the closet somewhere. If you have an unused phone inside your house, then it would be a great idea to go and sell it since you aren’t using it after all.
Pawn An Item
If you don’t want to part with your belongings just yet, then you can consider pawning them instead. Pawning is different from selling as you can buy off your item in the future if you want too. Most pawn shops accept items such as electronic gadgets and memorabilia.
The downside to pawn shops though is that the price for pawning an item is much lower than selling them. Shop owners are going to haggle with you to keep the price of your item down. So long as you know it’s worth it, however, it shouldn’t be a problem.
It’s worth noting that there is a certain time frame through which pawnshops will put your item up for selling. It’s advised that you buy back your item before this time arrives.
Apply For A Loan
So long as you have a good standing with your bank, you can easily make a loan. Bank loans come with 3%-5$ interest at most and there are plans which allow you to pay off the loan for as long as 32 months. As for the processing, it can take up to five business days from the date of your application to the date the money is sent to your account.
However, it’s worth noting that it’s kind of tough to secure a bank loan. For starters, your salary will be assessed to check if you can pay off the loan. If you are just a new employee, then it’s near impossible to secure a bank loan.
A good alternative is a payday loan. It’s easier to apply for payday loans because there are fewer requirements to consider. All you need is proof that you have a job.
Payday loans basically help you get your salary in advance. Then, you pay off the loan by having a sum deducted from your pay monthly up until you can completely pay off the loan.
Due to its low minimum requirement, payday loans have become more and more popular. The interest rates are often similar to what you would find in a bank so you don’t have to worry too much about paying it off.
Borrow From Friends Or Family
If you don’t want to be burdened by interest rates and difficult requirements, then it’s always an option to borrow from friends or family. They are people that trust you fully and if they have money to spare, they’ll most likely let you borrow money from them.
Keep in mind that they are letting you borrow because they trust in you. That means when the time to pay comes, it is a must that you pay them in full. Don’t let such problems be the cause of a rift between you and your loved ones. It’s only common courtesy and respect to pay off any outstanding loan after all.
Work Freelance Jobs
Freelancing has become more popular as of late because the pandemic has given people more time on their hands. If you are one of those people with time on your hands, then you can try freelancing opportunities online. As it has become more popular, there are countless jobs for you to try out.
The common jobs you can find online are writing jobs, call center jobs and even virtual assistant jobs. However, you can also apply as a data encoder, a teacher, and even an online HR manager. Depending on what your capabilities are, feel free to explore your options.
Aside from the fact that the jobs are easy to access and are done at your own leisure, another benefit to freelancing is that you can get paid fast.
Employers have varying return times for salary. However, some jobs pay you immediately upon completion of a certain task. There are many freelancing platforms online so you should begin increasing your reputation and experience through these platforms even before you reach a financial emergency.
Whatever happens, never lose hope. Just know that there are many opportunities to make money right in front of you. Times may be tough at present but as long as you know where to look, you can pass these trials easily so stay strong.