Even if you’ve always managed your money responsibly and worked hard, unforeseen events can easily overwhelm your cash reserves, and you might need some quick cash in your life.
Let’s explore some of the legitimate ways to find the cash you need.
16 Ways To Find Money Fast
Here are some of the best places to look for a legitimate source of funds if you need a quick buck.
1. Sell something
If you have something around your house that is collecting dust, you can turn it into cash. Whether you have old electronics, collectibles, furniture, household equipment, or something else, you can list the items for sale on Craigslist or Facebook Marketplace.
2. Hold a garage sale
Not a fan of the online article list? You can have an old-fashioned garage sale to turn your clutter into cash.
3. Pledge something
Don’t want to part with something that has sentimental and monetary value?
A pawnshop could be an option for you. You can pledge an item to put money in your pocket today. Then you will have time to find new funds to collect the item.
It’s far from a perfect solution (there are finance charges, for example), but it could work in a pinch.
4. Sell unused gift cards
Do you have a gift card in a store you will never visit?
The well-meaning gift could turn into some of the cash you need with the help of online gift card resellers like Cash Card. However, it will take a few days for the transaction to clear and you to receive your funds.
5. Access your paycheck earlier
If you are facing a temporary cash flow problem, receiving your paycheck a few days early could help you resolve your short term cash flow problem. To win, for example, is an application that will allow you to quickly access your paycheck without any fees or interest payments. However, the company does ask for tips. Also keep in mind that your next paycheck will therefore be lower.
Some banks, like Fifth Third Bank, and challenger banks, like Chime, also allow you to access your paycheck a few days earlier.
6. Sit down pet
Animal lovers will find in this option a pleasant way to earn money quickly. Take advantage of the available applications, such as Vagabond, which are designed to put you in touch with pet owners who need your help.
You can choose to keep the animal with someone else or bring it to your home. Either way, you can set your rates to earn between $ 20 and more per night.
7. Child care
If you are not a fan of pets, you can choose to keep them instead. Care.com facilitates connection with families looking for a babysitter. Depending on your location, you could earn at least $ 13 an hour.
8. Apply for a loan from a family member or friend
If you’re struggling to find the funds you need, it might be time to turn to family. Before you embark on this path, make sure you have a solid plan to pay off the loan within a reasonable timeframe. Otherwise, you run the risk of upsetting the relationship.
9. Make money with food delivery services
Food delivery services have become a big business in recent years. You can join one of the many services as a delivery person to quickly bring home money.
10. Rent additional space
Do you have an extra bedroom? You can turn that space into quick cash with the help of a service like Airbnb. If you live in a popular location, this is a particularly lucrative opportunity.
Once the traveler has checked in, you will receive payment from Airbnb 24 hours later.
11. Consolidate your debt
If you have decent credit and several outstanding loans with high interest rates, you could benefit from debt consolidation. While technically you won’t make any money with this strategy, it can help reduce the amount you pay in fees, leaving you with extra cash flow each month.
Find out about the best debt consolidation loans with Bankrate.
12. Return items
You can find freebies on sites like Craigslist to earn money. Look for items that have some intrinsic value but need a little attention.
For example, you might find a free library that needs a little elbow grease. Take the time to make the free item more attractive and then sell it for a profit.
13. Participate in a medical study
While medical education opportunities are not available in all cities, it can be a ready-made way to earn some quick cash. On average, you can expect to earn between $ 50 and $ 300 per day for attending medical school, according to Miami Clinical Research.
Explore medical study options in your area through ClinicalTrials.gov.
14. Convert coins into cash
Do you have a jar of coins at home? Consider taking them to the bank for a deposit. You won’t get rich, but you might have enough to deal with a minor problem.
Before you go to the bank, call ahead to see if the financial institution will charge a fee for depositing coins. While some banks offer a free coin exchange, others charge a fee.
15. Find unclaimed money
There may be funds waiting to be claimed by you. While the missing money may take some time to claim and find its way to your account, it is a strategy worth considering.
You can find unclaimed money owes you with a little help from the federal government.
16. Request a raise
A raise for the work you are currently doing could be a longer term solution to the financial problems you are facing. Never be afraid to ask for the raise you know you deserve.
Of course, this will not happen overnight. But it might help solve some of your money problems on a regular basis.
Need help starting the conversation? Check out our top tips.
Avoid these sources of quick cash
Not all options for getting money fast are a good idea. Here’s what to avoid.
Payday loans are unsecured personal loans that must be repaid on your next paycheck. Unfortunately, high interest rates and short-term terms can lead to a vicious cycle of growing debt.
Whenever possible, avoid payday loans.
Car title loans use your car title as collateral for a high interest short term loan. With this option, you put your vehicle on the line to access a high interest loan that is often charged with fees.
If you have a choice, look for another option.