need cash fast

10 Options When You Need Cash Fast

You’re broke.

Heavy bills are piling up. You’re short on rent and your car payment is late. Creditors plague you like bees, constantly buzzing your phone.

If you need cash fast, pay attention.

Follow this guide and you should be able to scrape together some extra money. These strategies won’t make you rich but they might be able to ease the pain the next time you’re in a financial bind.

Being low on funds is incredibly stressful. However, you don’t have to have a negative attitude when money worries strike.

Be strong. Maintain a positive outlook and it’ll be easier to reverse your luck.

Here’s what you need to do.

You Need Cash Fast

Your landlord expects you to pay rent today. The fridge is empty and your next paycheck isn’t due for a couple of days.

You need cash- quick. These options will put money in your pocket right away.

1. Sell Your Clothes

Your closet is probably cluttered with clothes that you never wear. The sweater you got from your grandma can really help you if you need cash fast. You can sell your clothes in person and online.

If you have designer studs to sell, try going to a physical retailer like Buffalo Exchange or Plato’s Closet. Trendy garments in good condition can fetch a high price.

Non-brand name clothes can do well on apps like letgo and OfferUp. If you live in a busy city you might be able to sell your stuff and make money in hours.

2. Sell Electronics/ Gift Cards/Books

That old iPhone laying in the back of your closet? Sell it.

Last year’s video game console that you never use anymore? You guessed it. Sell it.

Sell your electronics on Craigslist and you might be able to find a buyer willing to meet with you immediately. You can also use the same apps recommended for selling clothes.

Search through your things for old gift cards. If you can find one with money on it, you might be able to sell it for cash.

If you’re a student, you might have textbooks laying around that you no longer need. Sell them online are at your campus bookstore and you can make money fast.

If you need cash fast, you need to be creative.

3. Donate Plasma

Here’s the good news- if you’re qualified to donate plasma, you can earn a quick $25- $50.

The bad news is that not everyone’s qualified. The donation center will make sure you’re reasonably healthy before letting you give plasma. Once you’re approved, the process takes anywhere from 30 minutes to half an hour.

It’s not a huge amount of money but the process is relatively simple. Most donors can visit the plasma centers twice a week.

If you need fast cash and you want to do a good deed, you should think about donating plasma. Plain blood donors are rarely compensated.

4. Take Out a Payday Loan

You need money now. Today. A payday loan isn’t the best option on the list but it can save you if nothing else works.

Annual interests rates for payday can be as high as 390%. Skip a payment and the lenders will go after you with a vengeance.

However, sometimes you have a pressing need for money. A payday lender might be willing to give you a loan when no one else will. You’ll need to bring your ID and your paystubs.

If you choose this route, you should know the risks. You might:

  • Ruin your credit
  • Get stuck with loans you can’t afford to repay
  • Lose your bank account

“While each payment may be affordable, if it goes for years and years, the borrower could end up repaying much more than what they borrowed,” Eva Wolkowitz, the manager at the Center for Financial Services Innovation, said.

Payday loans may look ugly but sometimes they’re your only option. If you take this route, make sure you pay the money back as soon as you can. Or you might get stuck playing catch-up as lates fees are tacked on.

You Can Afford To Wait

If you need cash fast but you can afford to wait a couple of days, there are a lot of options.

Making an extra $100 in a day is tough. Making it in a week is a lot easier.

5. Go Freelance

The gig economy is booming. Download the right app and you could have a great side-hustle going within minutes. It usually takes at least week for money to start appearing your account.

A benefit of earning money through an app is that you get to work for yourself. You don’t have a demanding boss to please. Work whenever you want.

Popular Freelance Opportunities:

  • Uber/ Lyft – If you have free time, a reliable car, and moderate social skills, you can earn decent money carting people around. Expect to make about $10 an hour.
  • Task Rabbit – Earn money by bidding on tasks like babysitting or assembling furniture.
  • Postmates – Don’t have a car? You can use your bike to deliver for Postmates if you’re in a busy city.

6. Rent A Room

Have a spare room in your house? If you need cash fast and you’re willing to rent out your space, Airbnb could be a great option for you.

You could earn thousands of dollars as a host. It’s easy and free to set up.

Ratings are everything, so here are a few tips to make your guests feel comfortable:

  • Be friendly. A positive impression goes a long way.
  • Keep your house stocked with basic toiletries and snacks.
  • Make your home in sparklingly clean.

7. Mechanical Turk

Mechanical Turk is an Amazon platform that allows users to perform small tasks for micro amounts of money. Tasks are quick and simple to complete.

You won’t make a lot of money on the site, but you won’t have to do much work either.

Typical tasks include things like describing pictures and taking short surveys. If you need cash fast, the Mechanical Turk probably isn’t your greatest option.

However, if you want a quick and easy way to earn a couple of bucks, you should check out the site.

“I do it because on certain weeks, I can have a guaranteed $20 to send out to pay our bills–when we are completely flat-out broke until the following pay period,” one woman told the Atlantic.

$20 may not sound like much but it can be the difference between a bill being paid or not.

8. Become A Dog Walker/ Babysitter

If you love animals and you need cash fast, become a dog walker. Pay attention to the plump puppies in your neighborhood and ask their owners if you can help take them for walks.

If you don’t want to worry about marketing, join a site like Rover.com. You can get paid for petsitting and dog walking. Earn extra money by watching pets in your own home.

You can also try babysitting. Maybe you already know a chubby-cheeked toddler whose parents could use a break.

Or you can find clients online. Sites like Care.com matches families with potential caregivers and babysitters.

9. Take Surveys

Get paid for your opinion by taking online surveys. There are tons of different sites to choose from. Most of the surveys are quick and tailored to your demographic.

Want to make money from the comfort of your couch? Online surveys are a great option for people who need cash fast.

If you want to sign up, make sure that the site is legitimate first. There are a lot of people promising easy money in exchange for personal information online. Be smart and don’t fall into their traps.

Survey websites to try: Survey Junkie, Opinion Outpost, Swabucks.

10. Save Money

This tip isn’t very exciting. But it will help you get out of the tough spot that you are in.

Save money wherever you can.

When times are desperate, you need to be smart about your spending. Do you really need all of those monthly subscriptions? How often do you eat out?

If you want to start saving money right now, check out these tips:

  • Plan major purchases in advance
  • Trim unnecessary expenses
  • Keep track of your spending

Get smart with your money and you won’t have to scramble for cash at the last minute.

Earn Money Now

Life happens. No matter how much you plan for disaster, sometimes you need cash fast. If you’re in this situation, don’t lose hope.

There are lots of ways to make quick cash. Some of them are much easier than others.

If you need cash within the next few hours, you can try selling something on Craigslist. Price your item correctly and you could have cash in your pocket almost immediately.

If you have a little bit of time before you need cash, you can set up a side-hustle. You can be an uber driver if you have a car or start doing bike deliveries if you don’t.

Keep reading our blog for more tips on how to be financially secure. Everyone falls on hard times. You can fight your way out if you try.