A few years back, a survey on the financial and economic status of consumers revealed 49% of respondents don’t have the funds to cover a $400 emergency. If you are in the same position, it’s time to start doing something different and start putting together an emergency fund.
Almost all of us have been in this position at least once before: an emergency strikes and you don’t have any money set aside. The internet is full of suggestions on how to generate more income, but the majority of these suggestions are not fast. If you need money ASAP, it means you can’t afford to wait around for an entire month to get the next paycheck even if you do consider a second job.
Fortunately, there are some quick strategies that can help you get your hands on some quick cash, and the good news is, some of these options can even turn into part-time jobs or full careers.
Some of these strategies will help you make money in as little as 24 hours, while others require you to wait one or two weeks until you get paid, but you’ll sure find an option that works for your situation.
So, without further ado, here are a few ways you can get your hands on some cash quickly.
Complete online surveys
You probably heard this multiple times by now, but online surveys are a sure way to make a few extra bucks while surfing the internet. It is true that some of these platforms pay very little, but there are plenty of other such reward programs that do give out cash or gifts in exchange for small online tasks.
Some of the tasks you will have to do include playing online games, watching a bunch of videos, taking surveys or even searching for stuff online. All you need to do is a bit of research and you’ll find a legitimate platform with good ratings and reviews.
Apply for a fast loan
If you need access to a larger sum of money, a traditional loan is rarely a viable option. The approval process can be quite lengthy, you will need to gather a lot of documents, plus you will also be required to have a stellar credit score in order to be approved.
Fortunately, there is a way you can get access to money fast without having to worry about preapprovals, credit scores, and other time-consuming things: same day personal loans. Quick loans are a reliable and easy way to get access to money in case of an emergency, making it possible to get a loan the very same day you apply to it.
Sell your skills for quick tasks
People hate doing small, repetitive tasks, so they are willing to pay good money for someone to do those things for them instead. One example is to use free design tools such as Canva or Adobe Spark to design graphics and images for businesses. These tools are easy to use and can create some really high-quality graphics that your clients can use on social media or their websites.
You can check out platforms such as Fiverr and PeoplePerHour, where you can post your skills and find quick jobs. Tasks you can complete to make some money quick on this type of platforms include:
- Graphic design
- Voice overs
- Art commissions
Rent out a room in your apartment
If you have a room to spare in your house, why not put it to good use and make some money in the process? This can help you pay out your mortgage or rent and meet some nice people as well. Who knows, maybe you get to make some new friends from around the world as well.
Platforms such as Airbnb have lots of hosts that don’t rent entire places, but rather one bedroom in their apartment and people are very interested in this. Especially if you come from a different country, living with a local can help you discover the culture of the country you are visiting on a much deeper level. Use this last part in your listing and thank us later!
Reuse, recycle, make money
While this option is a little more time-consuming, upcycled products have become very popular especially in online shops. Open up an account on Etsy, Craigslist or any other similar platform and sell your creations in a matter of days.
Go through your house and take out everything you don’t plan on using anymore. Maybe you have an old coffee table in your garage – instead of throwing it away, repaint it and sell it online. After you’re done purging your home, browse the storage rooms of your friends and offer to help them get rid of the stuff they don’t need as well. You can also go to local garage sales and hunt for treasures there. It’s incredible what you can find for $2.
Sell stuff you don’t need
If you are not crafty, you can still make use of the step above. Do a thorough cleaning and take out everything you don’t use anymore. Electronics, clothes, furniture pieces – everything you don’t need can be turned into money.
There are plenty of online marketplaces where you can sell your stuff fast, so it’s worth taking a look. You may not be able to make thousands of dollars out of this, but it’s better to put those items to good use instead of just having them take up space in your home or storage.
Use your car to make money
They say it’s better to have an asset that produces income rather than one that generates expenses, so if you have a car, why not take on a driving or delivery gig? You can do this at your own convenience, working hours are pretty flexible, plus you can get good tips if you treat clients nicely. Uber and Lyft are two options for driving people around, but there are other options as well.
If you don’t have a car, you can use your bicycle to deliver food, groceries, and run errands for people.