I Need Money Today! What to Do When You Need Money Fast

Only 29% of Americans have six months of expenses saved. Of that, only 18% have enough to cover five months of expenses. Meanwhile, 25% of the country has no emergency savings.

At all.

You never know when an emergency situation (like COVID-19) could put you out of a job or in need of quick cash. If you need money today, don’t panic. Instead, keep reading for eight tips that can help you get cash fast.

With these tips, you can allocate the money you need and maybe even save a little for the future. Discover how to get cash fast with these easy tips today!

1. Make a Plan to Start Saving

About 30% of America’s workforce has less than $1,000 in their savings accounts. Meanwhile, 42% of the country is living paycheck to paycheck.

Before you learn how to get cash fast today, prepare yourself for the future. Making a plan now can help you avoid this same situation down the road.

First, gather as much information about your spending habits as you can. Grab your bank statements, receipts, and determine your debts. Where can you start cutting costs?

It helps to separate your expenses into categories. For example, you can make categories for food, entertainment, and transportation. Separate your debts into their own sections.

Then, look for places where you can cut costs. Trim out unnecessary expenses like subscription boxes or TV subscriptions. You don’t need Netflix, Hulu, and Amazon Prime, do you?

Set a budget for each category. For example, you can have a weekly budget for groceries. Then, plan your meals to avoid impulse buys the next time you go shopping.

By making a plan to save instead of spend, you can start building a nest egg for your next rainy day.

2. Garage Sales

Do you have a lot of junk lying around the house! Get rid of it and make money off of it. One of the fastest and easiest ways to get cash fast is to sell your stuff.

Go room to room and grab items you no longer use. If you’re feeling conflicted, ask yourself if you’ve used that item in the last 12 months. If you haven’t, chances are you won’t use it within the next year, either.

Instead of letting those possessions clutter your home, make money off of it.

Gather different items (to appeal to different buyers), too. These can include:

  • Old electronics (computers, printers, TVs)
  • Music albums, CDs, and movies
  • Jewelry
  • Children’s toys
  • Clothing and shoes
  • Books
  • Silverware and dishware

Don’t forget to attract a crowd! Advertising is key. You can post signs around town or use social media to attract buyers.

Have friends and family members spread the word. Many cities have local Facebook Yard Sale groups you can advertise on, too.

3. Sell Your Stuff Online

Do you still have a lot of stuff leftover from your garage sale? That’s okay. You can attract an even bigger audience of buyers by heading online.

When you need money today, this is an easy way to make quick cash.

Make sure to take high-quality photos of the items you’re selling. Use a contrasting color background to help the product stand out. You’re more likely to attract buyers with crisp images.

Then, use eBay or Amazon Marketplace to start selling.

Do you have a lot of textbooks leftover from college? Try selling those on Amazon Marketplace, a bookstore online, or on your school’s website.

Do you have gift cards you never plan on using from a previous birthday? You can make money off those, too. That’s money just lying around.

Don’t let those gift cards expire. Instead, use a gift card exchange website like CardCash.com the next time you need cash fast.

Maybe you have old cell phones collecting dust around your house? You can sell those online, too.

If your old tech doesn’t attract buyers, look for an ecoATM kiosk around town. These kiosks will analyze your phone to determine its condition and model number. Then, the kiosk will tell you the phone’s value.

Don’t forget to try Craigslist and eBay!

4. Rent a Room Out

Do you have an extra room or property you rarely use? If you need money fast, consider renting the room out.

For example, you can start renting a room out quickly through Airbnb. Don’t forget to start advertising. Take high-quality photos and spread the word using social media to attract guests!

5. Sell What You Know

Do you have a lot of experience with marketing, business, or in another industry? Sell what you know by creating a website. Blogging will help you make passive income once you post ads on your site.

You can also combine your knowledge into an eBook to sell, too.

Maybe you’re good at graphic design or copywriting? You can also sell your skills on Fiverr to make quick cash.

6. Look into Loans

If you need money today, you might want to consider getting a loan. A cash advance or payday loan is an easy way to get quick cash. Before you go, make sure you have a strong credit score.

Make sure you know what to expect. You can find more information about pawn loans for vehicles here.

7. Drive Around

Consider picking up a side gig before the next time you need money fast. For example, you can get a job as an Uber or Lyft driver. With more people ordering food and groceries, these jobs are in high demand.

Make sure you have good car insurance and a well-running vehicle. After all, you don’t want to break down in the middle of a delivery.

These jobs usually let you work based on your own schedule, making them ideal when you need a quick buck.

8. Ask For Help

You might decide this is the last resort when you need cash fast. However, there’s nothing wrong with asking for help. While it might feel awkward at first, it’s sometimes the best option when you need money today.

Ask if you can earn the money by helping out. Maybe you can offer your services as a hairstylist, makeup artist, or hemming clothes. Put your unique skill set to work and start making some quick cash!

Need Money Today?: 8 Tips That Can Help You Get Cash Fast

Need money today? These eight tips can help you discover how to get cash fast. With these tips, you can take a breath and make a plan of action.

After that, start saving for the next rainy day!

Explore our Make Money Online posts for more helpful tips.

Wealth Creation and Saving Strategies | OnMoneyMaking