Six Options to Consider When You Need Money Fast


Five Options To Consider When You Need Money Fast

Unfortunately, financial emergencies happen. Although, not having the money you need may be terrifying, not all hope should be lost. Below are six options to consider when you need money fast.

Sell Things You Don’t Need

One thing you could do is sell your possessions. While you don’t want to sell everything, some things you could live without. This may include DVDs, video game consoles, old clothes and more. You could place some of these items on an online auction site. Alternatively, you could visit a pawn shop or another establishment that exchanges cash for certain goods.

Liquidate Some of Your Assets

You may have certain investments and insurance policies you can liquidate for a quick cash payment. A life insurance policy that has been paid into for more than five years is one such example. Certificates of deposit or CDs for short are another option. However, be absolutely sure you can’t make up the money any other way before choosing these methods. You won’t get those assets back.

Refinance Your Mortgage

If you do it properly, refinancing your mortgage can be a good way to lower your monthly mortgage payments and potentially get some spending cash at the same time. You need to make sure that the refinance is at a lower rate than you are currently getting, and that you understand the closing costs involved. Even though you will save money monthly, it may take a while before you are in the positive when you weigh the price of closing costs. Also keep in mind that refinancing a mortgage essentially means starting back at day one of your mortgage payments, so it may take you another 30 years to pay off your home.

Perform Odd Jobs

If you only requite a smaller amount of money, you could take some odd jobs to supplement your regular income. For example, you could offer to baby sit, mow lawns or walk dogs for your neighbors. While it won’t be a substantial amount of money, it may be enough to hold you over until your next payday.

Obtain a Payday Loan

Obtaining a payday loan is one of the easiest methods available to obtain quick cash to make ends meet. A payday loan is simply a loan someone receives that lasts until their next paycheck. Some companies are more reliable than others. EZ Money, a business that offers payday loans in Quad Cities, IA says they are committed to meeting the financial needs of their communities by offering fast secure and convenient financial services. They strive to exceed their customers’ service expectations by listening to customer feedback and continually providing the best service possible.

Obtain a Personal Loan

You could also borrow money from someone you know. However, make sure you pay off the loan in a timely manner. You don’t want money ruining your relationships with friends, families or business partners.


Overall, try to weigh your options properly when looking for ways to obtain money for emergencies. While you may really need it, the consequences of how you choose to obtain that cash may be even more serious.

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