When it comes to financial sense, sometimes even the best laid plans blow up in your face. Maybe you unexpectedly lose your job, maybe your hours get cut, or maybe an injury or illness keeps you out of work for an extended period of time. Hopefully you had a nest egg you could dip into to get by for a while, but once you need money again and you’re still not back to work or just getting there, what can you do?
There are plenty of options. Some of them you will need to pay back, so you may want to wait until you’re back to work so you’ll have a paycheck on the horizon. There are also some options that you won’t have to pay back, some that will get you money quicker than others as well.
If you’re back to work and just need some money to tide you over until your paychecks start coming in again, you may want to consider getting a payday loan. These loans can really help give you a jumpstart, although you do want to try to get the best interest rate on it.
Not everyone can get a loan from their bank, and if you simply want a small loan this just makes far more sense anyway.
A Little Help From Friends
You could borrow money from friends or family, but you really need to do it with the intention of paying it back. Borrowing money from people close to you can often backfire and ruin perfectly good friendships and relationships. Consider doing it a proper way, by writing an IOU and keeping track as you may payments back to them.
You could sell some things you have in your possession that may be worth some money. Pawn shops will buy things like electronics, weapons, and even gold and silver. You could sell DVD collections and other such items on eBay. You might even want to have a yard sale.
If you are artistic or crafty, you could make things to sell. There are online outlets you can sell such items from, like Etsy and Amazon Handmade.
Crowdfunding was once only something you could use to launch a new business or get money to make a film or album, but now there are an array of crowdfunding sites that people can use for personal things, like getting help paying for medical bills or getting them by when they are out of work. Set up a crowdfunding campaign, or ask a friend to set one up for you. It’s money that you won’t have to pay back, but you will have to put some effort into promoting your campaign if you want to garner donations.