Need Cash In A Flash? Seven Things You Should Know

Need Cash In A Flash? Seven Things You Should Know

If you need cash fast, you might be in something of a panic.

Often, when people have money problems, they don’t know where to begin. People tend to let the stress get on top of them. Some people find it hard to save money and worry when their funds get low.

When that happens, though, it can be impossible to find a solution. There are many ways in which you can get the money you need. Here are some things you can do.

Flickr: Images Money

Release some equity from your home

If you are a homeowner, you’re in luck. One of the things you can do is release the equity in your home. That means that you will get a lump sum of cash right away.

In essence, it means that you will sell part of your property back to the bank. You will have to pay more on your mortgage than you owed before now. If you need thousands of pounds, this idea might be the best way forward.

Sell your home (fast)

Of course, there are times when you need a larger amount of money. One of the best things you can do is sell your home. That way, you can get the money you need quickly. If you can’t afford to wait around for your home to sell, why not find a quicker way to sell it?

If you take a look at you will see that there is a simple way to sell your home. Before you know it, you could have the cash you need.

Take part in drugs trials

Medical tests help people in the profession with their research. Now and then, researchers need to track the progress of some participants. They might be trying some new flu medicine or a dieting pill. If you take part in an experiment, you could make a whole lot of money.

Much of the time, the researchers will pay you a compensation fee. This money covers your time and your inconvenience. Sometimes, you can get as much as £2,500 for just ten days work. If that sounds like something for you, why not give it a go?

Flickr: Images Money

Sell some of your electronics

Everyone has electronics that they no longer need. For example, you might have an old DVD player or even a PlayStation. If you have things that you no longer use, you might as well make some money from them.

You could sell them online on sites such as eBay or Gumtree. Failing that, you might want to take them to a pawn shop and see how much you can get for them. You never know, your old things might be worth more than you first expect.

Need Cash In A Flash? Seven Things You Should Know

Rent out your parking space

If you don’t have a car, but your home has a parking space, you could make some extra cash. Driving permits are expensive. You could make some money by renting your parking space to one of your neighbours.

That way, they will pay you a fixed amount for using the space whenever they need it. You should ask the people around you whether they need an extra space. If they do, you could find that they pay you a monthly fee so that they can use your space. Easy!

Get a short term loan

There are many short term loan companies out there. If you need money fast, this solution might be the best way forward. If you need a short term loan, you can apply for one online. It takes just a few hours to find out whether you are eligible.

If you get a loan, you will need to pay it back in installments. Remember, you always need to read the small print when it comes to this sort of thing. You need to know what the contract says before you sign it.

Get a lodger for your home

Do you have a spare room in your home? If you have a room that you don’t use, you could make some money from it. You should put an advert online. That way, you can attract potential lodgers to your home.

If you let your room out to someone, you will get rent from them on a month by month basis. That in itself could be a massive help when it comes to your finances.

If you’re in dire straights, don’t panic. There are some simple ways you can get your hands on the cash you need. If you follow this advice, you’ll be quids in before you know it!

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About author

Poppy loves personal finance almost as much as she loves her two cats, Tif and Taz.
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