Sometimes we get ourselves into a situation where we need some cash quickly. It might be that we need money to pay a bill, need to replace something that has broken or just need money to keep us going until we next get paid. There is a selection of options that we could use in order to make sure that we got the cash that we needed.
Some people might decide to borrow the money. This can be quick in some cases, if you already have an overdraft facility or a credit card then you can use these to borrow some money. It is worth noting that if you draw cash on a credit card then there are usually high charges associated with this, so check how much they are and decide whether you think that it is worth it. If you do not have an overdraft or credit card then other options could be a logbook loan or a payday loan. These are expensive ways to borrow money and they are high risk as if you cannot make the repayments you could face very high charges and with a logbook loan you could have your vehicle repossessed.
Some people may decide to borrow from a friend or family member. Although this can be cheaper than borrowing from a lender, as you are unlikely to be charged interest or not so much interest, it may not be the best option. Borrowing money can sometimes cause problems between friends or family members. If you do not pay the money back as soon as they would like, for example, it could cause problems between you. It could make other people jealous if they also want money and didn’t get it or think to ask for it. The person may have thought you would pay them back by a certain day or expected to be paid some interest but without formally agreeing anything it could lead to problems between you or disagreements about it.
Another way to get some cash quickly is to earn some. If you are working it could be possible for you to ask for an advance on your salary. Sometimes companies will pay you for two weeks work, rather than a month so that you can have some extra when you need it. You will have to make sure that you budget well though so that you still have enough left to cover the monthly bills.
You could earn some money online doing freelance work or other jobs which you could be paid for very quickly. Doing a few things in your spare time could mean that you will be able to get the cash that you need. There are plenty of websites online where jobs like this are advertised and by looking at a few reviews you will be able to see which can be trusted. You also might be able to find jobs locally to help out people as well. You could also do online surveys and enter free lotteries and competitions to see whether you can get lucky and get some money that way. However, these things may take a while before you get paid, but they can still be a lot of fun.
Selling things that you own and no longer need can also be a great way to raise some money. Many people list things online to sell on auction sites or on social media pages. If you do not want to sell online you could consider selling at a table top sale or car boot sale or even having a garage sale. These are good if you have lots of small bits and pieces of small values.
So there are lots of options if you want some extra cash. You can choose to try to earn the money or make some extra by selling things or ask for an advance on your pay. Alternatively you could borrow the money that you need. It is wise though, if you often need extra cash to see whether you can find a more permanent solution, perhaps by trying to earn more all of the time or by trying to reduce the amount that you spend each month.
