More than half of all Canadians claim that they’re living paycheck-to-paycheck. This means that when there’s a sudden need for emergency cash, they may not be able to cover it. If you’re in need of cash right away, how will you get it?
You have options. If you’re desperate for money, there are a few things you can do to scrape together a few extra dollars. The financial experts at Kingcash are here to help.
Read on to learn all about a few of the top ways to get emergency cash when you’re in a financial pinch.
Take on Side Work
If you’re in need of more money right away, waiting around for your next paycheck isn’t going to cut it. You’re likely not being paid enough to afford emergencies as it stands, so you need a way to get extra money on the side outside of your normal hours.
You could try taking on more hours at your current workplace if they’re available to you. This isn’t the right option for everyone, but if you can potentially get overtime or at least a few extra hours of pay, it may be enough to keep you afloat for the time being.
If not, look for side hustles. What can you do to make some extra money in a flash?
Look for people around town who have odd jobs available. If you’re able to fix things, rake leaves, shovel snow, or do other simple and necessary tasks, you can help people nearby and make some quick cash right away. Advertise your skills on local Facebook groups to find potential clients.
You could also walk dogs, sign up for a rideshare or delivery company, or even do online contract work if you have relevant skills. There are many things that will help you put some extra cash in your pocket without having to pick up another “real job.”
Make sure that your new “job” is legitimate. Remember that there are a lot of people out there offering quick cash for minimal work. If something sounds too good to be true, it is. Exercise caution and research potential opportunities carefully.
Get a Credit Card Cash Advance
If you have a credit card, you could get a credit card cash advance to help you get quick cash. This is risky and you should only do it if you know you’ll be able to pay the money back by the time your credit card bill comes around, otherwise, you can do serious damage to your credit.
When you get a credit card cash advance, you have to pay interest and you have to pay a small fee (of about 5%, though this may vary depending on your credit card company). Note that only people who have decent or good credit are able to get a cash advance.
If you have poor credit, you look like too much of a risk to the credit card company and this won’t be a viable option for you.
Ask for a Payroll Advance
If a credit card advance won’t work, you may be able to get a payroll advance. Not all employers can (or will) offer payroll advances, but this is a viable option for someone who’s part of a large business and has no history of financial distress.
You can take your paycheck early or you can ask for a small cash advance that you’ll then pay for over time via a payroll deduction. Make sure you budget appropriately. You’ll be making less money for your next few paychecks due to the advance.
Your employer may also offer you a loan, but make sure you understand the terms before you commit. Loans from employers can be great, but they can also be predatory.
Pawn or Sell Belongings
If you’re in a genuine financial pinch, it might be time to pawn or sell some of your belongings. Look for things you no longer use around the house and get to work.
If you’re pawning items, you’re able to get them back. You’re essentially getting a loan in exchange for an item the pawn shop can hold as collateral. When you pay the money back, you get your item back.
If you don’t think you’ll be able to pay the money back, sell things instead. Selling through a pawn shop is quick and easy, but you can also go online into local buy-and-sell groups. You may make more money that way and you can get paid quickly.
There are likely many things taking up space all over your home that you can offload for some emergency cash. Let someone else enjoy them.
Look Into Online Loans with Kingcash
No credit check loans are great if you need money right away. Even if your credit isn’t fantastic, you’ll be able to get some money quickly.
At Kngcash.ca, first-time borrowers can get up to $500 right away. After your first loan, the amount you’re able to take will increase. This is great for people who need some quick emergency cash.
How Will You Get Emergency Cash?
If you’re in need of emergency money, don’t panic. Mix and match these suggestions until you have enough to pay for what you need. Many people experience the need for quick cash, so you can get through it too.
At Kingcash.ca, we can help you get the cash you need quickly and easily without a credit check. Claim your cash today.