Life doesn’t always go according to your plans, and sometimes things happen unexpectedly that require cash to fix the problem. If you live life paycheck to paycheck, any unexpected expense can cause your finances to take a turn for the worse, which over a short period of time can cost you even more money. The good news is that there are many ways to earn extra money and straighten out your finances.
A Personal Loan
While you may not want to tack on another monthly payment, taking out a personal loan now will allow you to pay your debt on time and prevent damage to your credit score. You can apply for a loan through your local bank or if you don’t meet their criteria, you can go online and apply to lenders such as Maxlend. You will need to provide them with additional information much the same as a bank would require. However, the guidelines are less stringent making it easier to get approved versus using a traditional bank.
Declutter Your Home
A great way to find fast cash and free up valuable space in your home is to de-clutter and remove items that you no longer want or need. Then, once you go through your entire home and basement, you can either list them online for sale or have a garage sale.
With the economy moving in an upward direction, people are looking to hire someone to perform small tasks such as house cleaning and lawn work. There are also many people who work away from home and need someone to babysit their children or do pet sitting. Uber and Lyft provide a great way to earn a few extra dollars weekly by giving people in your area rides from one place to another.
Most people have a talent; yours may be working on cars, tutoring, or writing. If you have a computer, you can create your own office space and go online to write descriptions, blogs, and webpages or take surveys. If you prefer to work away from home, you can inquire at local businesses to see if anyone needs a driver or part-time store help.
If you want to make more money quickly by lowering your monthly outlay an easy way to achieve this is to consolidate your debt. For example, if you have several credit cards with balances, you are nickel and diming yourself out of your income. Instead of paying hundreds of dollars each month to four or five credit cards, pay one fee to just one card. The way to do this is pretty easy; apply for a new credit card that allows you to transfer the balance from other cards. And, as an added benefit, most if not all of them, offer an introductory period interest-free.
Shop Around for the Best Rates
Along with consolidating your debt, you should also shop around to make sure that you are paying the lowest amount each month for gas, electric, cable and cell services. Honestly, when was the last time you actually reviewed one of your bills from cover to cover? With deregulation, you no longer have to stay with any company that provides gas or electric. The same goes for your cable and cell phone bills. It’s your money, so make sure that you are paying a fair rate.