9 Things to Do When You’re Low on Cash

We all have times when we’re low and cash and need an emergency source of cash. It could be that you have got to the point where you have too much month at the end of the money, or maybe you have some kind of emergency like a medical one or some repairs you need to do. Maybe you want to start a business, and you’re in dire need of funds. What do you do when that time comes?

Believe it or not, you have plenty of options for getting cash that you can consider. Here are nine things you could do to solve your little cash crunch issue.

1. Reduce Your Spending

Reduce spending

The very first thing you should do when you face a cash crunch is to take stock of your spending and find out where everything is going wrong. If you’re spending too much, then reducing that spending to the necessities may leave you with a little more cash to get you through the hard times.

2. Borrow Money from Family and Friends

You don’t have to be alone in your time of trouble. Your family is supposed to be there for you and give you support in your hardest times. When you’re having a hard time, financially speaking, your family or friends might be able to step in and give you a hand. The same holds for your friends, some of who are even closer to you than your family.

3. Take a Payday Loan

Payday loan

If your cash issue is one that can be solved as soon as you get your next salary but happens to be an emergency, then you can consider getting a payday loan. Payday loans are convenient and easy to access. You don’t need to have good credit, and you can pay it back as soon as your salary rolls in. There are many no credit check payday loans in Austin, TX that you can apply for.

4. Take a Personal Installment Loan

Personal installment loans are pretty convenient and fast. You get the loan in minutes, and you pay it back in monthly installments. This kind of loan is great for when you need a small amount of cash, and you need it fairly urgently.

5. Take a Credit Card Loan

Credit card loan

You can also get a cash advance loan on your credit card. Credit cards are another fast and convenient way to get a quick loan. You can get it through ATMs, checks or bank withdrawals. The loan amount will be determined by the limit on your credit card.

6. Do a Gig

We live in the gig economy. If you have a special skill, such as coding, photography or anything you can use to perform a simple service for people, you can consider going on gig sites and doing little gigs for cash. It’s a great way to earn cash from what you’re good at.

7. Use your Car to Transport Others for Money

Send money

If you have a car, you can consider turning it into an Uber or Lyft vehicle. This is another great way to use an existing asset to make you some money.

8. Sell Some Furniture

If you have old or unused furniture, you can sell it to friends, family, furniture stores, antique shops or online for some quick cash. If you sell it to friends and family, you can always buy it back in better times.

9. Take Out a Home Equity Loan

Equity Loan

If you still have some equity in your home, you can consider taking out a second mortgage or home equity loan on your home. This is a great option for when you need a lot of money. Just don’t take a long-term loan so you can pay it back quickly and go for fixed interest rates.


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