Money is typically one of those things that none of us ever seem to have enough of. The realities of running a household, paying bills and entertaining children can all had up to a pretty hefty monthly cost, meaning that more and more of us are now living paycheck to paycheck. This is fine as a temporary measure, but life can be fickle, and can often throw us a curveball when we least expect it. For example, you might have an outstanding debt you’d totally forgotten about that rears its ugly head when you’re already strapped for cash. Or, perhaps you experience a bout of very bad luck and several of your home appliances all go bust at once. This can be incredibly frustrating, and it is at times like this that savings can come in pretty useful. The fact of the matter is, however, that modern families simply do not have the kind of savings that their predecessors had – usually as the result of higher living costs. This can be problematic if one of these instances occurs and can make for quite a stressful time in your family’s life. Thankfully, however, there are a few things you can do to get hold of money fast when you need it – read on for a few examples.
When the financial crisis hits, many people turn to payday loan lenders, drawn in by the marketing campaigns that promise immediate cash with minimal hassle. While it is possible to use these responsibly, for many people, they are a one-way ticket to financial destruction, and you need to be very wary of the high APR rates and the repayment demands. In most case, you are better off taking out loans against one of your personal assets, such as homeowner unsecured loans. These loans often have flexible repayment periods of up to ten years, and even if you do fail to make repayments, your property will not be at risk.
Credit card advances
If you have a credit card, you may be entitled to an advance in times of emergency. Check to see if your provider covers this scheme and what your transaction fee will be. Due to the soaring interest rates that these advances can bring, they are not a habit to get accustomed to. But, if you do need money in an emergency, they can help to tide you over until the next paycheck comes in.
Making your own money
If you are altogether uncomfortable with the idea of taking out a loan (some of us are), why not try making some extra cash by selling some of the things you already own? Websites like eBay and Depop now make it easier than ever to get money for the things you no longer need, whether they be clothes, homeware, on anything in between. Providing you are quick with your postage, you can get reviewed as a positive seller, and therefore you can make rapid money in very little time.