“I need money desperately!”
Oh dear, we all are. There are times when we need money asap, and we also need money desperately!
Now it all depends on one's current life situation. But, no judgment here, my friend.
What would you do if you need money asap yet you don't have any money of your own? Let's say you've used up all your savings and emergency fund, are there options available out there?
Today's post is all about things you can do if you need money desperately (in a good way!)
I'm sure you are already thinking of available resources, but there are plenty of them.
Plus, you will also learn today's wise money tips that will help you to never run out of money again.
Are you ready to dig in?
Let's go!
Related reads: How can I get rich quickly? Get Rich Quick, Explained
I need money desperately: What can I do if I need money urgently?
Because of today's technology, we are now accustomed to fast things. Quick meals, fast internet connection, fast-moving cars- all moving swiftly.
Hence, some options allow us to have money in our hands immediately or urgently.
Well, aside from the traditional bank or personal loans, today, there are several things you can do if you are saying to yourself, “I need money desperately.” You may also be shouting at the top of your lungs on a rooftop, “I need money ASAP!”
It's not just all about borrowing or loans. You can also do save in the future or increase and widen your capacity to earn.
More importantly, it's best to ask yourself and reflect on why you have gone into that particular situation.
What happened, why, and how can you prevent going from that whirlpool again?
So that, in the future, you don't have to say, “I need money desperately” or “I need money please help.”
For instance, you might now have your sinking fund.
Loans and Borrowing Options
Assuming you got zero money left in your bank account as in nada, this is what most people would do.
Besides, it's the most common and traditional way- assuming that you have a good credit score. Most banks would be happy to offer you affordable loans if you maintain low debts and pay more than the minimum amount on time.
1. Bank loan
If you have an excellent credit score, taking bank loans won't be a problem. But ensure to pay on time and explore the best bank loans for you.
Typically, depending on your credit score and how much money you need, you may find lenders willing to give you a loan in under 24 hours. However, other lenders may take up to three business days or more to approve your loan.
So bank loans may not be the fastest way to get cash, but you can rest assured that it is safe and guaranteed.
2. Peer-to-Peer Lending
If you have a not-so-good credit score or somehow bad shot at banks and other financial institutions, you can turn instead to P2P Lending.
Essentially, it is a type of loan facility that lends directly to individuals via a P2P platform (mobile apps.)
With banks nowhere in sight as the intermediary, investors can gain high returns of capital and interest while the borrower can get money fast. However, this is an unsecured type of loan so do it with your own risks.
Avoid scams and do your research.
3. “I need money desperately,” Why not borrow money from friends and family?
This should be your last resort. If you can, reach out for help through your friends and family.
Depending on your terms and, of course, your relationship with them, you can have quick cash with this method if you are that desperate for money.
However, your next goal should be to never rely too much on this option from now on. Make and deal with your own financial status; come clean with people you know.
4. Go to the Pawnshop
Another quickest way to generate cash fast is to go to the pawnshop.
A pawnshop or a pawnbroker is a shop or business where you can trade your valuable asset in exchange for cash. These could be your gold, jewelry- anything that you can offer that is in its highest value.
The pawnshop will examine how much the value of your possession and will offer you a collateral-based loan. You get your item once you repay them in full.
Get Free and Extra Money
1. Take advantage of the free sign-up bonuses.
Another way for you to have some money right away legitimately is by claiming free sign-up bonuses from apps. Usually, these bonuses are around $1-$5; others are through e-gift cards or discount coupons and vouchers.
It's not that much, but it can help.
2. Redeem credit card points
Saying “I need money desperately” won't take you anywhere. So instead, you've got to take some real actions! One better way to do that is to convert your gift cards into free cash.
Moreover, you can also sell it online or to any other people who might be interested. Aside from that, you can take advantage of your accumulated credit card points.
Typically, depending on the type of credit cards you have (cashback, rewards points, travel), you must make use of that. In addition, you can get discounts from their partnered stores or get free shopping vouchers, especially at the rewards point.
3. “I need money ASAP!” Try taking online paid surveys and focus groups.
This is also a popular way of getting real money quickly. Moreover, it can be done online and at home, or wherever you are.
Participating in online paid surveys and focus groups brings you cash and helps you shape or influence brands and services.
4. Earn free cashback
Need money asap, not to mention free? Use cashback apps or earn through in-store shopping.
This part is a bit tricky, though, because you've got to spend some money first to earn free cashback. Besides, there's a tendency that you might overspend more than you initially intended to.
5. Sell your junk
You can also learn to trade or sell your stuff (assets) if you want.
It's a low-cost plus; you don't need to look at it anywhere because it's just around the corner.
From clothes, books, old electronics- you can set up a garage or yard sale. Better if you list it on the Facebook marketplace.
6. Advertise with your car
If you want to earn money using your car plus save money from high vehicle expenses, why not leverage it to your advantage?
Nowadays, advertising companies use the geo-advertising technique through cars. So all you have to do is agree to wrap your car with advertising stickers and drive around your block.
Read more:
- Wrapify Review: How to earn passive income by driving your car?
- Carvertise Review- How Much Can You Get Paid To Wrap Your Car?
- SellMax Review: How To Make Money Selling Used or Damaged Cars
7. Become an Airbnb Host
Got an extra room? With flipping and a bit of make-over or refurbishing, you can earn rental income by renting that extra or spare room in your house.
You can offer this service to students or tourists looking for Airbnb space. However, ensure to set rules and make your place warm and accomodating to attract good tenants or renters, and they will leave a good review.
That means more clients, more $$$.
8. Check out for loose change or coins you store in your pocket.
Do you have Dory's condition?
If you are the forgetful type, try to look out every corner in your house. For example, you might have loose change or coins you left on your side pockets or small pouch and bags.
“I need money ASAP!”- Quick Ways To Get Money Fast
1. Delivery gigs
Nowadays, more and more people are jumping into the economy gig and freelancing.
If you want to work on your own time and set your own rate, you can dive into delivery gigs. Much better if you have your own vehicle that you can use.
Essentially, pay varies depending on the hours you worked, location, and order demand.
Read more: DoorDash vs Grubhub vs UberEats-Which is the best delivery gig?
2. Sell Digital Products
Want to make money online? There are hundreds, if not, thousands of ways to earn money online!
One is by selling digital products. So go ahead and build your website or online store/page.
Start blogging and earn passive income through selling an e-book, online workshops, courses, stickers, downloadables, and printables on demand.
Most significantly, it will cost you nothing but a free internet connection and laptop or computer.
3. Pet walking and sitting
Do you love pets? Moreover, do you love spending time with them?
If you do, here's good news- you can profit out of your love for your furball friends!
You can earn money through pet walking and sitting. Furthermore, offer your services to your neighborhood or sign up on apps like Rover or Wag.
4. Odd jobs
A quick way to get money fast is by signing up on apps or job portal websites.
There are websites offering services to become a freelancer or independent contractor; there is also a place to show your exceptional skills or do odd jobs.
But don't worry, it's nothing illegal. Some skills you may have to offer are carpentry or fixing and task and errand-based jobs.
5. Sell your plasma
While we are listing out all options to get fast cash, we also included those “unconventional,” as they say.
However, it's up to you whether to donate or sell your blood. You can sell it to private centers or organizations seeking blood donations if you need quick money.
Another one is selling your sperm on a sperm bank or becoming a paid surrogate mother. Pay can be as much, but depending on your ethical values if you need money desperately, why not?
Just make sure to do everything legally, and your life is not compromised.
Money Desperate? Start Earning!
1. I need money desperately, then, get a side job!
What other ways to have money when you especially need it? Start earning!
Don't depend on your full-time job; get a side job or a part-time job. You can also do freelance or part-time work; monetized your hobby.
That way, you are expanding your ability to make money, not just trading your time and talent. Better, to build wealth and passive income.
2. Work from home
The easiest one- working from the comfort of your home can be writing gigs, blogging, becoming a virtual assistant, or a remote worker.
Find available jobs at Upwork or Fiverr today.
3. Teach online
You can also become an English teacher online. Today, many students are learning the English language, especially Asians.
However, keep in mind the time difference as you will most likely teach at night or very early in the morning. To learn more about earning money through teaching, read more below.
Related readings: VIPKid Teach English Online Review- Is it worth it?
4. Become a Virtual Friend
Do you love to talk and meet new people? Well, then you can become a virtual friend.
Offering your services such as companionship or chat mate, a virtual friend is the real deal. Just ensure to keep your private details in check and source only from legitimate rent-a-friend sites.
Wanna learn more? Read.
5. Affiliate Marketing and Instagram Sponsorship
Ever since the rise of the internet, many people have used it to make their lives easier and make money online.
For starters, you can become an Instagram influencer or vlogger. Then, revamp your social media accounts, and who knows, brands and sponsorships might check you out.
Another way to make money on the internet is through building a passive income approach. For example, get your online shop running, upload pictures of your products/services, and engage with your audience.
Becoming an Affiliate Marketer is also one way. Although it will take some time, this passive income adds up!
6. Online Business
How can you monetize your passion or hobby? Probably the best thing to do is build an online business.
For instance, if you love making arts and crafts, you can easily set up an Etsy shop. Moreover, if you have pets and want to make extra money from this passion, you can start a dog treats business!
It makes sense because more and more people are paying attention to what they are feeding their pets, plus treats can cost a lot of money!
If you want to learn more about a course that will teach you everything you need to about launching a homemade dog treat bakery business so you can generate an extra $500 – $1,000+ per month doing what you love, check out Diva Dog Bakery's course.
Cost-cutting techniques
1. Cancel unnecessary subscriptions
Under the trim, your expenses category is canceling unused or unnecessary subscriptions.
We included this as one way to get cash if you are in the position of “I need money desperately” because it will save you tons of money in the future.
Remember, if you can't make more, tighten your wallet!
2. Reduce your monthly bills
Another way to squeeze in if you need money right away is to look at your monthly bills.
Manage it accordingly and look thoroughly for some line items you can renegotiate the amount due or if your provider offers a flexible payment scheme.
The most important thing here is to reflect on your overall expenses and budget and see where you can curb your spending.
3. Track your expenses
This is the very basic of personal finance, yet not a lot of people practice it.
Learn to track your expenses as it can go a long way down; it can also save you from a mountain of credit and expenses. Tracking your expenses is a great idea if you are a penny pincher!
You can start with a simple app tracker or do it manually through pen and paper or excel sheet.
I need money desperately: How do I get emergency money?
If you found yourself muttering words such as “I need money desperately!” and you are desperate for one, you should learn by now.
There are a couple of things you can do, but as they say, “prevention is better than cure.”
So next time you find yourself in that tough call again, learn to build a foundation of basic personal finance.
You can start with your emergency fund to draw those unforeseen minor emergencies because admit it or not, life happens.
And ultimately, that's how you can get your emergency money- through your emergency fund. Moreover, keep in mind to use it for actual emergencies only, not for casual expenditures like hanging out with friends or movie nights.
Building your emergency fund should be worth at least three to six months of your monthly expenses. Remember, you are making this fund for emergencies alone, only. It should be unexpected, unknown, and unplanned.
Draw your emergency fund from your monthly paycheck savings or any other savings account you may have; it would be best to make it separate from your checking account as well.
Tips on how to avoid running out of cash (ever, again!)
If you're in desperate need of cash and you've survived, probably that's the last thing on your mind, right?
Because if you let these things happen to you, sooner or later, it will become a vicious cycle of living paycheck to paycheck or running out of money again and again.
Of course, we don't want that! So here are a few solid and practical tips for you to never run out of money, ever again!
1. Build your foundation (back to basics).
You can start with reading financial books and blogs like this one to acquire at least the basics of financial management. But, ultimately, you don't need a fancy degree or an expensive course to take for you to master finances.
Financial management is also a lifelong journey of learning. Start from within. Get tips from those experts who had done it before; read more books, watch free Youtube videos- resources are freely available to you; all you have to do is decide whether to use it or not.
More importantly, practice your knowledge and apply it in your personal life.
2. Automate your finances.
Use today's technology to leverage your finances! Automate your savings and checking account to save trips from the bank plus those high fees.
Automating your finances can save you time and energy plus tons of money. Now, you don't have to remember your dues and pay yourself constantly. Plus, it's easier to keep track and see the big picture of your financial health.
3. Stash money for an emergency fund.
Above all, save money to build your emergency fund! I repeat, prioritize your emergency fund!
You must pay yourself first and spoil yourself last. Don't get intimidated or pressured by how small or large you can commit to saving each paycheck or every month; remember, it will all add up. Plus, there's the power of compounding interest.
No matter what happens, save money. Make it fun and rewarding so that you can be motivated to save more money rather than unnecessarily spend it. Therefore, save money, no matter what happens.
4. Create another source of income.
You may tighten your dollars to get through the period when you seem like running out of money. But, if you have another source of income, it will be easier to get by.
You can also monetize your skills in other ways or even your hobbies and passion. Offer your service or product as a solution that people don't want to miss.
Upgrade yourself and constantly strive to learn and not just to earn more.
5. Use a budget guide.
The same way you'll flop trying to fill every time slot with an activity in your calendar is how it is with budgets.
Treat your budget as a guide for what's essential and not as a leash that will block your joy and keep holding you back. Your budget should be your ticket to financial success and your roadmap towards your financial goals.
I need money desperately! How can I get $100 ASAP?
To get quick money, you can start participating in online paid surveys, focus groups or studies, and free sign-up bonuses from newly-launched apps.
In addition, you can do creative side-hustle tasks and get paid in real-time for service rendered.
Lastly, you can refer to the list mentioned above. If you feel like there's no today or tomorrow to generate $100 asap, it's an either-or situation. Generally, you can:
- Borrow money and take personal loans,
- Get quick cash online,
- Start earning extra money,
- Reduce your expenses.
“I need money please help!“
Our best advice? Hopefully, you don't have to go under the table just to generate money because of a desperate call.
Furthermore, as much as we would like to emphasize never going into debt, if you need to, well, it's your call. But remember to read the fine print first and avoid high-interest debts.
You must always pay in full and on time. Two debt-paying methods that can ease you are the snowball or the avalanche method. Feel free to explore the two.
The best of all is to make more money. That way, you'll have financial security and less stress and anxiety whenever the due date calls.
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