It’s a desperate situation. Perhaps you’ve been working so hard to stay within a strict budget for the benefit of the family, but you constantly find yourself looking for pennies on the sidewalk, or praying that there’s a note lodged in between some cushions. But when you’re desperate for money, it’s not just about the financial stress, it’s the emotional stress as well. But what can you do to get some money if you are really desperate? Is there really a way out? Let’s provide a variety of options for you.
Are You Owed Money?
It’s now time to call in those favors. If you’ve been able to lend friends money before, or you’ve casually let something slide, perhaps it’s time to call it back? As well as this, don’t just think about the friends or family that owe you money, but think about the opportunities that went unnoticed at the time because you had money. For example, if you’ve been an accident, have you tried your luck with any personal injury attorneys? If you are that desperate, there is no harm in going down this route just to try your luck.
What Can You Really Sell?
You are desperate, so think about the things that can really rake in a pretty penny. Selling things may not seem like a good idea in the long-term, but if you need a quick cash injection, you’ve got to think about places like pawn shops or thrift stores. It’s important to go through all of your items, especially if you’ve got something like an old smartphone. You may have a pile of smartphones collecting dust, and there are plenty of websites that allow you to sell and recycle your old phones because if you are someone who has a lot of electronic items, you can certainly get a pretty penny if you’ve got a bunch of these little things lying around. It will all add up!
Getting Extra Money In Your Spare Time
The great thing with any temp agencies is that they pay on a weekly basis. This means that if you can get a job, especially in your spare time, you aren’t far away from a paycheck! But also, think about the methods that get you money right away. And while becoming an Uber or Lyft driver doesn’t sound like a great way to get money, if you live in an area with a dense population, you could make a lot of money quickly. If you wanted to, you could turn it into a full-time job, but when you think about the fact that you could earn up to $100 by working 5 hours solid, it soon adds up over time. As well as this, think about other productive methods of working in your spare time. There’s plenty of opportunities on freelance websites or even websites like Inbox Dollars or Swagbucks. With these websites, if you have the time, you will get out what you put in. It’s all about commenting on adverts, taking surveys, and watching videos. So if you are stuck at home, it’s a way to get a partially passive income.
Don’t Forget To Negotiate With Your Creditors
If you are clouded in debt, it’s certainly a way to buy yourself some time. Because if you need money to pay bills or debts, it’s always worth contacting your creditors to explain the situation and to make arrangements to pay part of what you owe. This is something that we may not necessarily think about, because we are likely doing our best to avoid speaking to them. But ultimately creditors will work with you to get their money, and they are happy to take part of the payment, rather than nothing at all.
Have You Thought About Bankruptcy?
It is a last-ditch attempt. Bankruptcy is something you shouldn’t take lightly. But if you are buried in piles of debt, it could be a way to wipe the slate clean. There are various types of bankruptcy options, and it’s always worth doing your background research. But if you are so desperate for money that you don’t see a way out, and there’s too much debt, as well as this, everything appears to be going against you, bankruptcy should be the final option. Sometimes, it will wipe your debts completely giving you the chance to start again. But it all depends on the type of bankruptcy you file for.
Getting money when you’re desperate is achievable, but we’ve also got to be realistic and think about our life. There are ways for you to cut back on your spending and still be happy.