No matter how much of a pinch you may be in, there are ways to gather the money you need to fix your situation.
Will you have to be a bit creative in your cash-collecting quest? Absolutely. But as they say, where there’s a will, there’s a way.
Cut Your Costs
If your bank account is bleeding, the best way to alleviate the pain is to cut unnecessary costs. Fail to do this, and you’ll have to constantly come up with more cash to repair the problem.
Take a closer look at where your money’s going. Look at bank statements and receipts. And if you don’t have them, just think of a typical week and where you spend your hard-earned cash.
Does each week involve several trips to fast food places or restaurants? Do you order food frequently? Do you go to the movies or spend on other forms of entertainment?
Any such expenses could be a significant cause of your financial issues, so put them on pause to make the problem more manageable.
Another way to keep more money in your pocket is to cut any subscription services you have for the moment. This includes things like Spotify, Amazon Prime, Netflix, etc.
Convert Your Coins to Cash
You’d be surprised at how forgotten coins can pay a bill. Gather up all your loose change from your couch, drawers, and couch cushions and roll it up.
You can get free coin rolls from the bank and cash in your change there. It’s better than using coin machines that charge a commission.
Sell What You Don’t Need
While you may have subscription services you don’t need, you probably also have household items that aren’t necessary either.
Pick out clothes you don’t use and any other items that could be quickly converted to cash. Then hold a yard sale on the weekend or put them on sites like Craigslist, Poshmark, or eBay to find online buyers.
If you have any gold or silver jewelry or coins, you could sell it to your local jeweler too. Avoid gold-buying websites, as you’ll probably get a better deal doing it in person.
Some people donate plasma twice a week. While the thought of a needle may scare you, the idea that you could make up to $400 a month doing this could quickly make any fear disappear.
Recycle Everything You Find
Depending on where you live, you could collect quick cash by recycling. Here are some items that people may be willing to pay for:
- Car batteries
- Ink cartridges
- Old electronics
- Scrap metal
Get Paying Gigs From Friends, Family, and Perfect Strangers
Let everyone know about your situation. They may be able to pay you to do odd jobs around the house or give you a referral.
If that method doesn’t work, try going online for gigs. Craigslist and Fiverr have loads of people looking to pay for every service under the sun.
Cash in on Your Credit Card Rewards
Is credit card spending a big reason why you’re in a hole? Whether or not it is, you can redeem credit card rewards that could be converted to cash, credit towards your next bill, or a gift card.