Need Fast Cash? Some (Not So Fun) Ways to Get It
Yielding Wealth | Personal Finance:
One of the questions I am occasionally asked goes something like this:
“How can I get some fast cash?”
For most people, the answers are less than pleasant. Shannon Christman at SavingAdvice.com offers these things you can do to rustle some fast cash (usually between $100 - $500):
Yard sale.
Online auction.
Pawn shop.
Salvage (scrap metal, cans, etc.).
Loan from friends or relatives.
Look for government emergency assistance or charities (for true needs only).
Offer to do odd jobs for neighbors.
Most people, when they ask this, expect some amazing and enlightening answer that is (preferably) easy to do. Unfortunately, none of the above options are palatable. And most of them involve some sort of effort on your part.
Here are a couple more things you can do, if the options are available to you:
If you have investments (that are not part of your retirement account), you can sell a stock or two. Just be aware of the taxes situation.
Get some from your savings account (but make sure you pay it back in).
Write yourself a purchase check from your credit card (lower rates than a straight cash advance). But getting yourself into debt is rarely the best option.
I find, though, that most people who are looking for fast cash don’t even have the three options above open to them. And that leaves them at the mercy of payday loans and car title loans. Neither of which is a very good choice.
image credit: sxc.hu
Tags: car title…
