In a world that is rife with uncertainty when it comes to employment and being able to pay your
bills on time, many people have turned to learning how to budget their money however they can.
Whether you’re in your own small business or just want to know how to handle money, taking
classes for beginning bookkeeping is a great way to help you learn to budget. However, no
matter how carefully you budget, there are always going to be times when you find yourself in
the middle of an emergency with no cash to help you out. There are ways to find that cash when
you need it, read on below for a few of the top solutions to be revealed.
Get an Instalment Loan
When it comes to getting out of a jam, installment loans have proven to be a huge help time and
again. The loans are usually easy to get and are short term, so you aren’t paying for years on end
to pay off the debt. These loans are available online and have helped more than one person meet
the deadline in an emergency.
Hit Up the Family and Friends
While not a solution that anyone wants to fall back on, family and friends is one way to get the
cash you need in an emergency. If you have to go to one of the above for a loan, make sure to
draw up a contract and sign it stating how much you will pay back and how long of a period you
are paying back for. In this way, it shows that you intend to pay back the cash as soon as you can
and builds faith in you as well.
Again, only use this in extreme emergencies. Your checking account may have overdraft
protection for you going over what you have in the bank. While you probably won’t be able to
write a check and cash it for cash, you may be able to pay that bill or put groceries in the house
until you get paid. Remember, an overdraft fee will apply, and they aren’t cheap ones. One
warning, if you don’t pay back the overdraft, you are risking having your account closed and the charge going against your credit.
Visit the Local Pawn Shop
If all else fails, you can visit a local pawn to derive a loan against your valuable assets. Pawning your items allows you to access quick cash without having to sell your items outright. You can then use the cash for whatever purpose you need, and then return to the pawn shop to retrieve your item when you are able.
You can Pawn Your Collectibles and Art Works as well as items like jewelry, watches, electronics, or other items of value. The pawn shop will assess the item and offer a loan based on its estimated value. You can then redeem your item by repaying the loan plus interest.
Everyone gets in a bind at times, where you have to have a little emergency cash to see you through. It’s nothing to be ashamed of and the tips above will help you get the money you need until you can get on your feet and good to go.