There are times when almost everyone could use an infusion of cash, whether it’s to pay the rent, save for a major purchase, or fund a much-needed weekend getaway. If you could do with having some extra greenbacks, here five options you might not have thought to tap into when you need to fill your pocketbook.
Get a Cash Advance
Many charge card companies allow you to withdraw cash from a bank against your credit limit, giving you quick access to money. All it takes is a PIN and access to an ATM in order to immediately get an advance. While you should do your research to determine what sort of fees and interest charges you will incur, this can be one of the simplest ways to get your hands on some cash when you urgently need it.
Cash Out an Expected Inheritance
If you’re expecting to inherit some money from a loved one who’s passed, you’ve probably been disappointed by how long it’s taking to receive the payout. That’s why companies have come along that can help get your inheritance advanced to you, so you can access the funds when you need them rather than waiting. Just find a reputable organization that will purchase your inheritance, so the money is in your hands more quickly than it would be if you waited for the completion of probate.
Sell Items You Don’t Need
Chances are that if you take a good look around your house, you’ll probably see a lot of items gathering dust that you don’t really need. Luckily, there is almost always someone out there who is in the market for what you’re willing to part with. Whether you go the tried and true route of hosting a garage sale or you opt to sell your stuff online, letting go of unneeded goods can be a great way to pocket some extra cash. You’ll find that a vast number of websites exist for the sole purpose of connecting buyers and sellers. Many of these platforms are locally-based, so you won’t even have to pack and ship the items you unload.
Get a Gig Job
While you may already be committed to a full-time job, today’s gig economy makes it easy to take on another occupation without tying you down. Becoming a rideshare driver, food delivery person, virtual tutor, or even a dog walker can give you the chance to earn some income outside of the traditional job market at the pace at which you want to work. In most cases, you can set your own availability, and you can easily drop out of the gig if it becomes too overwhelming or if you’ve achieved the financial goal you’ve been trying to meet.
Tap Into Money-Making Apps
You may be surprised to learn that there are tons of apps out there that can help you collect money for doing any number of things. Whether it’s shopping, playing games, completing surveys, reviewing products, or watching videos, engaging in many of your routine online activities while connected to these apps can earn you cash or gift cards. Some of the most popular platforms have no limits on how little or how much you participate, leaving you in control of the amount of time you want to devote to performing the tasks.
When you find yourself in need of some extra cash, you’ll probably be relieved to know that there are several ways in which to raise funds. By trying one or more of these options, you can help pad your regular income and reach your short- or long-term financial goals more quickly.