Create A Payday Loans Near Me 550 Your Parents Would Be Proud Of

1) Liquidate Your Assets
2.) Take on Odd Jobs
3.) Locate Your Loose Change
4.) Organize the Garage Sale
5) Get Money From Your Retirement Accounts
6) Take a Part With Your Plasma
7) Get Money from Friends or Family
The Bottom Line

Wealth Lifestyle Advice

7 Ways to Raise Cash Fast

How to get money in a time of most crucial
Amy Bell Amy Bell
Updated December 03, 2021
Review by Khadija Khartit
Fact checked by Yarilet Perez

Whether you are facing the wrath of unanticipated medical expenses, or you've recently lost your job, or your home has been hit by a storm or another natural catastrophe there is one thing for sure: you require cash and are in need of it today. In the event that the financial crisis hits daily life, the vast most of us get caught completely unprepared.

If you're caught stuck in this situation, you are not alone. Six out of ten American households face more than one crisis a year and about one-third of American families do not have any savings at all as per FEMA.1 And almost 40% of Americans would have trouble paying for an unanticipated emergency expense like a $400 car repair as per a study from FEMA.2 U.S. Federal Reserve.2

If you're in need of cash fast to cover an immediate expense, where should you go? Here are seven smart methods to get money fast without causing irreparable harm your finances.
Key Takeaways

Selling your personal possessions, such as clothes, electronics, or books--online could help you get cash in the event of an situation of emergency.
You might consider taking on an odd job, such as taking care of your dog, babysitting or yard work, to earn additional cash.
You may want to think about borrowing or withdrawing funds from your retirement account--in most times, it could mean paying taxes on the distribution and a 10 percent penalty.3
If you borrow money from friends or family It is recommended to create a contract about the terms for the loan.

1) Liquidate Your Assets

Do the corners of your jewelry box hold the dad's Rolex, the engagement ring of your mom, or a diamond pin you rarely wear? Are there treasures hidden in your closet? Maybe a fanciest wedding dress, or an inherited great-aunt's fur coat.

One online platform ready and willing to pay cash for your clothes is thredUp--in the Help Center click on "The Clean out Process" to find out how the selling process works.4 You can also try selling your clothing on eBay.

It is also possible to earn cash quickly by selling off newer models of electronics, like big-screen TVs, tablets, phones, laptops, and game consoles, as well as media like CDs, DVDs books, games, and books for sale on websites such as Decluttr, Gazelle, and uSell as well as marketplace websites such as Swappa. You can also post your items to Facebook Marketplace, Craigslist, and Twitter; run an ad in your local newspaper or offer them to friends and family members.

Based on the quality of the clothes, electronics, and media you're willing to offer for sale, you could quickly rake hundreds of dollars or more in cash.
2.) Take on Odd Jobs

If you don't have any high-value items to unload, you can try selling your services instead--especially if you are out of work and have time your hands. You could babysit or pet-sit for your friends or set up an in-neighborhood dog-walking service. According to ZipRecruiter, the nationwide average hourly wage for a babysitter is $17 an hour, while pet sitting pays the average $14 per hour.56 Dog walkers can typically earn about $15 an hour, according to PayScale.7

If you're not interested in taking care of dogs or children You could offer to mow the grass and wash cars for the people living in your area, or drive a neighbor's elderly aunt to her doctors' appointments. If you're interested in driving, you might sign up to become an Uber or Lyft or Uber driver. According to Gridwise the riders earn their earnings by 2021 based on where they reside, but range from $14.65 per hour in San Antonio, Texas, up to $19.44 in the Bay Area.8

You can also go grocery shopping for older adults and offer to fix and paint your sister's dilapidated fence. Depending on how many jobs you take on and how much you charge per task it is possible to earn a few hundred bucks within one weekend. If you're not able to find enough people who need work done, try signing up on websites like TaskRabbit or Thumbtack. You can also find jobs that require skills in Upwork, Freelancer, or Fiverr.

A savings account can be an emergency fund to aid with unexpected costs, such as medical expenses, or the loss of a job, occur. Make sure to save money whenever you are able to establish one.
3.) Find Your Loose Change

At first, this advice may seem somewhat absurd, but it's not a joke. According to a report by Bloomberg, Americans throw away approximately $61.8 million worth of coins into the trash each year.9 This is a significant amount of cash stuffed into couch cushions, piggy banks and paint cans that have been discarded all over the country.

Hunt around the house to collect all those hidden coins. After you have uncovered the last penny, bring the treasures to the local bank or credit union. Some banks will accept change at no cost to their customers, while others might require you to count and roll your cash on your own.

Whatever way you decide to go, when you convert those coins to cash, you'll be able to have another hundred bucks to use towards the emergency expenses.
4.) Organise a Garage Sale

One man's trash is another man's treasure, as the saying goes. While garage and yard sales take a lot of work however, they can yield an impressive amount of money for sellers who are savvy. Be sure to advertise your sale on Craigslist, Facebook (if you have an existing local group) as well as your local newspaper (online and also print) as well as church bulletins, and put up neon signs with black lettering in key locations to draw in as many potential buyers as you can.
5) Take money from your Retirement Accounts

If you're looking for larger amounts that are in the bank, following these initial four steps may not suffice. That's when it makes sense to look at what you can do with your 401(k). In most years when you're under 59 1/2 , you pay an additional 10% penalty to withdraw from your 401(k) money, however, there are occasions when it may pay to do this.3

Also, there are certain exceptions when the 10% penalty may be waived, for instance the case of medical expenses that are greater than 7.5 percent of your adjusted gross income.10 You may also be able to take out a loan, instead of withdrawing, money from your 401(k) it is a better choice if you can manage it.11

If you don't have an 401(k) however you have an IRA it could be a source of money, especially in the case of a Roth IRA. If you have a traditional IRA, your options are less limiting however there are certain situations in which you can withdraw funds from retirement at no cost to you.3
6.) Part With Your Plasma

The next step is to explore more extreme options. Plasma is a valuable source of energy used in a range of medical procedures and research. The process of donating plasma is similar to giving blood, according to Octapharma Plasma Inc., an organization that collects plasma used to develop life-saving drugs for patients worldwide.1213

After your blood is taken and processed, it is circulated through equipment which separates plasma from other blood components. Your plasma is later reconstituted in a container while the other components are transferred to your blood via the process of plasmapheresis.

Reports vary regarding how much you can make and will be contingent on many variables. You could make between $20 to $60 per donation. According to Octapharma Plasma's website Octapharma Plasma website "Generally weight is a factor in how much and the heavier you are, the more plasma we can gather, and the longer it will take to give it away. The amount of money new and returning donors earn reflects this. "12
7) Borrow Money From Friends or Family

We put this one off until last because it really should be a last option. Although borrowing money from family members and relatives may be an easy fix, it can lead to negative consequences. When a loved one lends you some cash, it can put a strain on your relationship--especially if you don't pay the person back quickly.

In a report published in Psychology Today, unpaid loans can lead to lingering bad feelings between the lender and borrower.14 If you're planning on borrowing money then it's best to create a contract that outlines when you'll start to pay the lender back and whether you'll also be required to pay interest on the amount borrowed.
The Bottom Line

If you're cash-strapped when a financial emergency hits You're not alone. The majority of Americans do not have enough money available to cover unexpected expenses. When you find yourself in this position the worst option is to create credit card debt, or obtain an payday loan, which will have exorbitant interest rates.

Fortunately, there are plenty of smart ways to make money fast without decimating your finances. You can decide to either dispose of some of your possessions, do odd jobs or even borrow money from a parent or friend there is one thing that is certain: As soon as you're able to recover from this financial disaster, it's the perfect time to build an emergency reserve.
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Guide to Emergency-Proofing Your Finances

A Guide for Emergency-Proofing Your Financials
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