Though good budgeting and careful planning ensure a solid monetary base that will keep you going through day-to-day financial concerns – rent, bills, shopping and so on – there will be times you find yourself in need of a chunk of cash quickly and with the least effort. Maybe you’ve got a big event like a family holiday or a wedding to plan for. Perhaps you’ve found a new job or want to start a business of your own, and need an initial investment to get the ball rolling. There’s no painless way to create money out of thin air, but with a little work and preparation you can get the money you need to make your dreams a reality without disrupting your long-term goals.
Sell your stuff
We’ve all got old junk we never use cluttering up cupboards and drawers. So why not clear up some space and make a bit of cash by selling it on eBay? No matter the condition, that old iPod or last year’s mobile phone will serve you better converted into cash rather than rattling around in a drawer somewhere. And in an age when you can store an entire music library on your smartphone, why not take the plunge by selling your old CDs?
Got any gold?
The price of gold has skyrocketed in recent years, so there’s never been a better time to dig out any old jewellery you might have lying around – again, if you never wear it or if it holds no sentimental value to you, you’re better off converting it to something you can actually use! Just be sure to shop around to make sure you get the best deal.
Rent out your unused space
Getting short-term income painlessly is all about turning wasted opportunities into money. If you own your own house and have a spare room, why not rent it out? A full time lodger can ensure a hefty monthly income that can set you up securely for a long time. If you’d rather not share your home with a stranger, why not turn that spare room into storage space for other’s peoples’ stuff? And if there’s space in your driveway, you can make a good amount of cash quickly by renting it out – parking is a valuable commodity in many cities.
Get a grant
Whether you’re studying, making home improvements or starting your own business, there’s often grants available. They’re a great option for funding without repayments or interest, although finding the right grant for you can be a complex and lengthy process.
Take out a loan
Taking out a loan can be a big commitment, but in many circumstances it makes sense. Though you’ll need to be aware of the repayments and plan for how you’ll pay them, getting that money upfront can ensure financial stability in the short-term so you can start planning for the long term. If you suffer from a poor credit rating, you might want to consider a secured loan from a lender like 1st Stop Group – because the loan is secured against your home, lenders can offer a better deal for those with poor credit.