Several Ways to Generate Emergency Cash

Borrowing money is never a good idea, unless it’s going to make you more money later. Emergency loans, like money lenders, may help to tide you over, but ultimately a loan is a debt that has to be repaid. If you don’t have any good ways to make the extra money to repay your debt, it can lead to financial difficulties down the line. That’s why when you’re short of cash, it can be a good idea to take a look at different ways to make some spare cash fast.

1. Sell Some Belongings

The Internet has made it easy to list and sell personal belongings you don’t need or want. You can list them on Craigslist or eBay. You don’t have to set up an entire store, if you’re just trying to generate some quick cash. Just post one listing and keep repeating it until it sells. You can even do this in your own neighborhood by having a garage sale.

2. Sell Your Skills

There’s always a ton of things people will pay to have you do. You can pet sit or baby-sit. You can mow lawns. You can haul away junk, if you own a pickup truck. You can repair items, if you’re handy. You can clean houses. There are a number of different skills that people will pay others to do that can generate cash quickly.

3. Negotiate with Your Relatives

Maybe you have some rich relatives who will loan you the spare change. Instead of making it a debt, offer to do something for them in exchange. If you’re artistic, you can offer to paint a mural in a bedroom. Maybe their kids need tutoring. The idea is that you will want to generate cash, without the debt, so that you can go forward without interest charges and late fees, should you find yourself short again.