You need money now, but money is weeks or days at the space. What should you do?
Panic and anxiety are natural reactions. Once those subside, you’ll find that there are ways to get your hands on cash in a hurry, without falling prey to scams.
Here are 19 strategies to make fast money today, plus some tips about how to cut costs, increase your income and build an emergency fund, so you don’t find yourself trying to find spare change next time around.
How to Find Fast Cash Near You?
1. Sell spare electronics
You can sell your old mobile or tablet computer on web sites like Swappa and Gazelle, but to get cash today, utilizing an ecoATM kiosk is your very best bet. Look at selling older MP3 players and notebooks, too.
2. Sell fresh gift cards
Cardpool kiosks offer instant cash for gift cards valued between $15 and $1,000. You will become slightly less; the provider pays around 85 percent of the card’s value at its kiosks, while it pays up to 92% in the event you sell through its site. You can also go through an online gift card exchange like Donation Card Granny, but most take a few days as you have to mail the card and then wait for a check or direct deposit.
3. Pawn something
As a means to borrow money, pawnshop loans are not terrific. But they’re fast, and if you can not repay the loan, the pawnshop simply keeps the thing you utilized as collateral. That is a lot better than ruined charges and calls from debt collectors. You may often sell outright into a pawnshop, too, rather than borrowing from an item.
Monitor your cash during trying times
If you’re facing financial stress, NerdWallet can discover ways to save.
4. Work now for pay now
Looking for this phrase online turns up lots of results. We have researched 26 legitimate side jobs that can provide a fast income boost, which ranges from driving packages or passengers to freelancing from home.
You can even try the Craigslist tasks or gigs segments, which frequently have postings for short term work in food service, housekeeping, and general labor.
5. Search community loans and assistance
Local community organizations may offer loans or temporary assistance to help with rent, utilities, or other crises. NerdWallet has compiled a database of payday advance alternatives open to residents in almost two dozen states. Local churches can make modest loans at low rates. Community facilities and nonprofit associations in your region may also supply small loans.
6. Ask for forbearance on bills
Some lenders for example utilities and cable tv companies don’t charge interest on late payments, so find out if they’ll accept delayed payments. Use whatever money you save from not paying these bills to cover emergency requirements. If you can’t pay consumer debts such as auto loans or mortgages, explore your options with the lender at first before turning to toxic high-rate loans.
7. Ask a payroll advance
Consult your employer for a cash advance on your cover, which usually does not cost you any fees and that you repay via payroll deduction. Some companies also offer low-cost loans to employees in crises. Additionally, you might consider Earnin, a program that provides workers improvements they repay in a lump sum on payday at no cost. It will ask for a donation, however, and requires access to your bank account and worksheets.
8. Have a loan from your retirement account
You can take a loan on your 401(k) or individual retirement account, but there are terms. It is possible to borrow from the IRA once a year if you refund the money within 60 days. If your employer allows 401(k) loans — not all do you typically can borrow up to half your account balance up to $50,000, and you’ve got five years to repay it. But if you don’t make payments for 90 days, then the loan is considered taxable income. And if you lose or quit your work, you typically have to repay the 401(k) loan shortly thereafter.
9. Borrow against life insurance
In case you have a life insurance plan that has cash value, sometimes called permanent life insurance, you can borrow against it and have the rest of your life to repay it. If you do not repay, the insurance company subtracts the cash from the policy payout when you die. However, you can not borrow from a term life insurance policy, that is the more common type.
10. Use a credit card cash advance
In case you have a credit card and the account is in good standing, a cash advance is a not as expensive option than a payday advance. You’ll pay a commission, typically around 5 percent of the amount you borrow, and interest, which can be approximately 30%.
11. Look for a payday alternative loan
Some credit unions offer little, short-term cash advances called payday choice loans. Federally chartered credit unions legally can’t charge over a 28% annual percentage fee on PALs. That’s not inexpensive, but it is much better than cash loans, that have triple-digit APRs.
12. Take out a personal loan
Some lenders may fund a personal loan at a day; if you’ve got good credit, you’re probably going to have many choices. If your credit is a challenge, you’ll need to discover a lender that does not only delivers fast cash but also takes bad credit. Rates for borrowers with bad credit from mainstream lenders top out at 36% APR. You may find different lenders offering fast funding with no credit check, but you’ll pay triple-digit interest rates. Don’t fall for it.
13. Rent a room
Sites like Airbnb are not just for men and women who have holiday homes to let out when they’re not using them. A number of the site’s listings are for additional rooms — or perhaps shared rooms — at the proprietor’s home, meaning you could stay stuck while bringing in some money, especially if your home is in a reasonably desirable area. Check local ordinances to make sure short-term rentals are permitted.
Creating a listing on the site is free of charge, but there’s a 3% service fee when a booking is created. The business releases payment to the sponsor 24 hours following the guest’s check-in.
14. Moonlight as a dog sitter
Technology is on your side, too, with websites including and Rover, matching pet owners with dog sitters and walkers. You can choose to host the dog or remain in the owner’s house (and — here’s an idea — rent out your place through Airbnb while you’re gone). Prices are between $20 and $60 a night in most regions, though they can skew lower or higher based on the place and the total amount of work involved.
15. Become a rideshare or delivery driver
These are jobs you can do in the evenings or on weekends, using your vehicle and gas. Companies such as Uber and Lyft fit you with individuals willing to pay for a holiday season, and shipping services such as OrderUp and Postmates cover you to deliver takeout and other items.