People go through cash shortages when bills pile up, from skyrocketing school tuition fees to unexpected medical bills to rent. As such, some people find ways to augment their income. Others try to access money in quick, but stressful ways.
Financial needs are pressing, and can make you feel hopeless. But with the right strategy, you can reduce the anxiety and resolve the matter without resorting to drastic measures. Here are three options to consider.
1. Consider a personal loan using an asset.
Look into title loans for fast access to cash. If the money you need isn’t too substantial, for example $1,000, then a title loan can help meet your financial needs. Title loans require only an asset, such as a car or motorcycle, for collateral. You don’t need to have high credit rating to qualify for this type of loan. Before committing to a lending company, however, shop around for the best rates and repayment terms.
2. Downsize, and sell possessions in a garage sale.
A garage sale is another way to get fast money. Do an inventory of all your possessions, and sell items you no longer use. You can sell anything from old lamps and couches to electronic equipment and lawn movers. Not only will make some money but you’ll also get rid of clutter in your home.
3. Consider a part-time job.
An extra job can help you meet a financial need. If you can still work it in your schedule, consider part-time work offering flexible schedules and good pay. You can explore being an Uber driver or a temp receptionist.
There are many other ways to make the money you need. If you’re short on cash, you have several options to ease a financial situation. Weigh each one carefully.