Sometimes you need money right now. Maybe your car broke down or maybe your paycheck was smaller than usual but all of your bills are still due at the same time as normal. For whatever the reason is, you just don’t have time to wait for the bank to make a decision on a loan or for something on eBay to actually sell.
If you’ve been planning ahead for such emergencies you may have no problem coming up with some money, in a couple of the ways described below. However, not everyone has the means to save up or get good credit, and if that’s the case you’ll also find some other ways to meet your quick cash needs.
Get A Payday Loan
Consider getting a payday loan, but remember that they can have high interest and you’ll need to pay it back quickly. That means you should make sure the next paycheck you’re expecting is going to be a good one so you don’t end up in debt.
The best things about payday loans are that they don’t require you to have stellar credit, you just have to be making a certain amount of money a week and have been on your job a certain amount of time. That means it’s easy money for when you need it. Plus, you get it on the same day.
Ask A Friend
Borrowing money from a friend is always an option, but it’s best to make it your last option. After all, what will happen when your friend won’t pay back money that you lent? It could cause all sorts of problems. Often money borrowed from a friend can mean the end of the friendship. The key for the friend doing the loaning is to never loan money to someone you’d be mad at if they never paid you back. The key for the borrower is to always pay your friends back when they loan you money.
Have An Emergency Credit Card
You could save yourself a lot of trouble in emergency situations by having a credit card on hand that you can use in case of emergencies. For some people having a credit card is just asking for trouble, but it is a way to avoid needing to borrow money from your parents or trying to get a cash advance from your boss.
Use Your Savings Account
A wise person, or at least someone not living paycheck-to-paycheck, will have a savings account they can dip into when it comes to emergencies. Just pull some money out of there when you’re in need and you can add it back as you can. It is recommended that you keep 3 to 6 months of income in your savings.
You could consider hauling something to the local pawn shop for some quick cash. There are still pawn shops around, and it’s a great place to let go of some of the electronics or entertainment clutter you have around your home. Give them a call before you haul too much up there to get an idea if they might want it. Even jewelry and coin collections could bring you some money.