You can save and scrimp for a rainy day, but an unforeseen circumstance can suddenly derail your plans and put you in a tricky financial situation. This can be especially tough when you’re providing for a family and are trying to find a way to make ends meet without making significant sacrifices that can affect your kids.
If you need a way to get some quick cash to help get sorted, here are four tips you can try.
- Take out a logbook loan
A logbook loan is an excellent way to scrounge up a bit of cash quickly. If you have a car, you can receive your money within one hour from specific lenders, so there’s a quick turnaround time, which is especially helpful if you’re in a crunch. If you’re unaware of what a logbook loan is, it’s a short-term loan that you get against your vehicle. It’s a form of secured lending where you transfer ownership of your vehicle to the logbook lender as security for your loan. Of course, you still get to keep and drive your car while you’re repaying your loan, so you don’t have to give up your means of transportation if you’re seeking out a loan.
Most logbook loans require a credit check, but www.carcashpoint.co.uk is an outlier in the sense that they don’t require any credit checks. If you’re in a situation where you have a low or poor credit score, you won’t be turned away.
- List items for sale
There are plenty of platforms online where you can sell unwanted items for cash. Take a few minutes to go through each room in your home and pick out a few items that you don’t use or want that are taking up space. If they’re in relatively good condition, you can list them for sale on platforms like Gumtree, Facebook Marketplace, or eBay. Take some pictures (make sure they’re good quality with good lighting) and post them online with a short description that includes the price and condition of the item for sale. More significant ticket items like video games, electronics, and furniture are usually quite popular, and if the right person sees your ‘for sale’ post, you could sell your items within a few hours or even minutes.
There are also websites dedicated to listing just clothing, so if you have any pieces of high-end clothing that haven’t been worn too much and are in excellent condition, you could get a fair amount for them as well.
- Consider a side hustle
While this might not get you cash instantly, if you have a skill that you can leverage and sell as a service or product, you can get a little side business up and running rather quickly, even without using any money to start. Maybe you know how to knit and can quickly make knitted hats for babies to sell on a marketplace like Etsy, for example.
- Exchange your coins
Many people collect their loose change into a change jar and then forget about it as if it isn’t real money. Many banks have machines where you can throw your coins in to be counted, and then the machine will deposit the amount into your account. It’s like finding a pound coin in between the sofa cushions on a much larger scale and can help in a pinch.