A few months ago, I realized that I desperately needed a loan to make ends meet. I thought long and hard about different ways to make a little extra cash, but borrowing was my only real option. I decided to work with a lender in my area to borrow money, and then afterwards, I devised a plan to pay it all back before I paid very much interest. It was difficult to learn to budget, but the results were well worth the effort. I was able to pay back the debt and set aside a little for a rainy day. Check out this blog to learn more about creating a budget to repay debt.
Rent is due in a few days and you've found yourself short on cash. Rather than deal with the awkwardness (and potential financial or legal ramifications) of telling your landlord you're going to be late, you want to come up with the rest of your rent money as quickly as possible. Here are five options to consider when you need emergency rent money in a hurry:
Take out a Payday Loan
Payday loan companies allow you to borrow from your next paycheck before you actually get paid. In exchange for a fee and interest, you can get an advance on your paycheck now, when you need it most. Most payday loan companies allow you to set up an automatic debit to repay the loan in a convenient manner. You can learn more about these here.
Have a Weekend Yard Sale
Selling unwanted items at a yard sale is a great way to make extra money and declutter at the same time. You can sell anything from unwanted furniture, to electronics, to clothing. Make sure everything is clean and in decent condition. In order to maximize your sales, be sure to price everything ahead of time, arrange the items neatly so they can be sorted through easily, and have plenty of change available.
Make Money Online
Signing up for a freelancing site or offering your services on Craigslist can be a reliable source of extra income. People are willing to pay for a variety of services, including writing, data entry, virtual assistant help, graphic design work, etc., on a freelance basis.
Get a Cash Advance from Your Credit Card
If you have a credit card with an available credit line, you should be able to take out a cash advance. You may have to call your credit card company, since the way cash advances are handled varies, and you may need a special PIN number.
As long as you are in good health and have proper identification, you should be able to sell plasma to a local plasma center. Plasma donation usually only takes 90 minutes to two hours of your time. Not only will you get paid, but you will also be helping to save lives.
Most people experience times of financial hardship, so don't beat yourself up for being short on rent money this month. By following these tips you should be able to come up with enough emergency money to pay your rent on time and avoid the possibility of eviction.