You’re stuck. You’ve done everything you know to do, but you’re painfully behind on your bills with no relief in sight. You keep thinking to yourself, “I need money now,” but you have no idea where to get started.
Yes, people are talking about how they make money online, but many of the options they share need months to implement. And the truth is, you need money pretty much yesterday.
If this is you, you’re definitely not alone. We’ve all been there. The key thing to remember is that you can earn fast if you need money now. It's simply figuring out how. Ready? Let’s jump right in!
How to earn more if you are thinking, "I need money now!"
We've all felt that "I need money right now" pressure. So here are some quick and easy ways to get some extra cash ASAP!
1. Flipping items is a quick way to earn if you need money now
If someone tells you that you need to spend money to make money, this is not always true. Sites such as eBay and Facebook Marketplace let users list items for sale at no upfront cost. All you need is a phone and an internet connection.
What does that mean for you? If you need money right now, the best way to get started is to look through your house for any items you can sell online. There is always that one thing that’s been gathering dust for years in the corner, waiting for its time to shine. The truth is, with such items, no matter how well-intentioned you are, you’ll probably never use them.
And in this age of decluttering, who wants to hold on to excess baggage when there’s the option to offload AND make money while you’re doing it. If that’s you, take a good look at the inventory in your home - going room by room. Items that could do well include books, furniture, or unique one-of-a-kind vintage items.
Once you’ve found items around the house, give them a good clean, take multiple great quality photos and list them up on eBay.
2. Sign up to run errands on Task Rabbit
Task Rabbit took the gig economy by storm, stepping in as a platform that allows people to run errands in exchange for money. You’ll be surprised at just how many people need an extra hand to help them manage their day-to-day tasks. Tasks range from running errands for the elderly, going on grocery shopping runs for the busy entrepreneur, cleaning, escorting a patient to and from surgery – the list is endless.
To sign up, you will be charged a non-refundable registration fee which is currently $25. Once you sign up, you will create a mini-blurb about your services and block out your available windows on the app. That way, you can easily be matched with tasks that align with your skills and availability.
To be successful on this app, complete a profile that really showcases your skills, dependability, and experience with similar tasks. For example, you might sign up for your decorating skills. You could highlight your friend’s baby shower that you hosted and share the feedback you received from attendees. Task Rabbit is a great option if you need money fast.
3. Drive for Uber / Lyft
If you own a car, love driving, and love meeting new people, a rideshare gig may be the perfect fit for you. Services such as Uber and Lyft let drivers clock in and out according to their own chosen schedules. There is no requirement to work specific days, so you can work when you want. All you need to do is to turn off the app when you’re clocking out.
Aside from the monetary benefit, which can be quite lucrative, especially during surge pricing (higher pricing during peak traffic hours), Uber also comes with many added benefits. For instance, meeting new people and freedom from the 9 to 5 corporate structure.
4. Work odd jobs if you need money now
If you need money now to put food on the table, working odd jobs is an equally viable option. While it may entail more hands-on work, it could make the difference between being short on cash another month and being able to meet your financial obligations.
Jobs in this category include working at a car wash, pet sitting, laundry services, cleaning homes, running grocery errands, cooking, cutting someone's grass, or raking their backyard. The list is endless, and the opportunities are readily available.
5. Sign up to do childcare
It can be expensive to raise kids, and one significant cost parents have to figure out is daycare. Some parents are fortunate to have family in the area that can help with this, but most, especially in big cities, need to hire help with this task.
That’s where you come in. As a babysitter or childcare provider, you can effectively spend your day minding the children while the parents are away at work. Look for childcare opportunities on care.com.
6. Do surveys
While this certainly won’t make you rich and can take up a good amount of time, participating in online surveys has been known to rake in extra dollars for participants.
There are literally hundreds of sites offering these services. However, not all are made equal and proper diligence needs to go into exploring your options.
A few good options to consider include sites such as Swagbucks, which has an A+ rating with the Better Business Bureau and has been around for over 12 years. Another option would be Survey Junkie, which gives you points for surveys that you can convert into cash.
7. Rent out part of your home on Airbnb
Realistically, most people use a fraction of their homes on a day-to-day basis, unless it’s a tiny apartment. This results in a lot of potential to earn extra income. In fact, the income potential from renting your additional room out via Airbnb is higher than what you make from sharing the space with a roommate.
What one person would pay in rent for the month could be made in several days on Airbnb. It may be rather intimidating to invite a complete stranger into your home. However, the truth is, the number of incidents that occur through the platform is minimal.
Additionally, Airbnb has checks and balances in place to protect you as the landlord. For instance, giving you the option to request that the guest provides Airbnb with a copy of their identification documents. Check the laws in your area before you start. Airbnb offers some guidelines around what regulations you can expect for your city.
Beyond the regulations and your initial diligence process, the next step will be to put out a well-optimized listing. Imagine yourself as a complete stranger to a new city who is looking for somewhere to stay. What’s the one thing that will give you a lot of confidence in your decision-making? It's information.
Remember, most people you will host will know next to nothing about your area. So the quality of your listing will either make or break your chances of success. Make sure to provide lots of great quality information about the unit, the neighborhood, transport, and distance to major attractions and provide high-quality photos.
8. Get a roommate
Although renting part of your home as an Airbnb will make you more money, you may want to consider a roommate as a simpler option. This way, you can charge rent and possibly split the bills to reduce your living costs. Let's say your rent or mortgage payment is $850, you could split that, and that's an extra $425 a month in your pocket.
Of course, before you go this route, be sure to ask your landlord if you're allowed to have a roommate. Find a roommate by using your network of friends and family. You can also list an ad somewhere, like on Facebook Marketplace. A roommate is an excellent option if you need money fast!
9. Negotiate your bill with a payment plan
Surprisingly, many subscription-based services understand that hard times can hit someone in life and a large majority have alternative payment arrangements they don’t advertise to the general public. Businesses would much rather secure a subscriber over the long term instead of losing the customer because he or she failed to make a payment.
If you are struggling to pay a specific bill, call up representatives from the company, let them know your situation, and demonstrate your desire and commitment to paying your dues. More often than not, the specialists will do everything in their power to help you with alternative payment arrangements.
Desperately need money right now?
You’ve done all you know to do, but you’re still stuck. Now what?
1. Ask for overtime at work
One of the easiest ways to remedy your "I need money desperately situation" is to ask if you can work overtime. Sometimes we spend hours and hours trying to figure out the best way to make additional money when the opportunity is staring us in the face.
If your job offers the opportunity to work extra shifts, then you’re in a great position to earn more money quickly. Some additional benefits of working overtime include the fact that you incur no additional costs to get to and from work.
You may also require no additional training, and you automatically contribute more to your retirement nest egg through your existing payment arrangements. If you haven’t explored the opportunity yet, discuss it with your employer.
2. Return unnecessary purchases
In this day of online shopping, it is not uncommon to buy something you think you love only to try it at home and realize you’re not that into it or that you actually don't need it. Online shopping is notoriously the cause of a ton of overspending.
Many people stop here and accumulate heaps of unwanted items because of the hassle of processing a return. If you need cash, check the return policy on items you bought. Many stores have generous policies sometimes extending to 90 days (or, in the case of Macy’s, 180-days).
3. Ask friends or family for help if you need money quick (with a plan to pay them back)
Your immediate support system can be a good go-to source for help in those moments when your finances are not lining up well. However, you should approach this option with caution.
Borrowing from close ties and failing to pay back the money can lead to a breakdown in relationships. Understandably, life happens, and sometimes there is no other option than to go down this route.
If you do borrow from friends or family, clearly articulate a realistic schedule for when you can get the money back to them by and do everything in your power to stick to it or pay it off faster.
4. Consider taking out a loan (that you can afford to pay back)
If you’ve tried all the above and none of the options seems feasible for you, then you may have to explore the option of taking out a loan or a credit card. However, approach with caution.
If your bank offers you a $10,000 loan and you only need $500, be careful not to fall for the temptation of getting a big windfall because, at the end of the day, you will have to pay it all back – with interest.
Set realistic expectations and carefully review all the loan terms before committing to the loan. Also, be sure to build your repayments into your budget, setting a goal to pay off your debt as soon as you can.
5. Sell plasma and save a life
It might sound crazy, but selling your plasma is a quick way to make money. Plasma is the liquid portion of blood remaining once red blood and white blood cells and platelets have been removed. It is used to support people suffering from chronic illnesses.
There are centers in almost every city that accept plasma to help individuals in need, and you can sell your plasma while doing good. Pay ranges from $20 to $50, and the best way to get started is to google a plasma center near you.
How to avoid being in a place where you find yourself saying, "I need money desperately!"
If you're saying to yourself, "I need money desperately," more often than not, take a look at your money habits and make some changes. Here are a few ways to stop being broke and start having more money!
Set up an emergency fund
Emergency funds exist for moments like this. When you face an unexpected set of circumstances beyond your immediate control, having emergency cash can be the difference between taking on additional debt and comfortably cruising through a tough patch in life.
An emergency fund is essentially a savings account exclusively dedicated to helping you through life’s emergencies. The size of the fund largely depends on your lifestyle choices.
Get in the habit of building a sinking fund
If you have large one-time expenses coming up, the best way to prepare is by putting a sinking fund in place. Sinking funds are essentially a pool of money you set aside for a specific one-time purpose. This can include setting aside money for a new couch, paying for a wedding, or buying a new car.
Sinking funds can be an excellent way to ensure that your budget remains balanced throughout the year without the need to look for additional income or to take on debt. Planning ahead by setting up a sinking fund is the best way to avoid the "I need money now" scenario!
Establish multiple streams of income
There’s never been a more exciting time to be alive than now because the number of opportunities available is countless. If you find yourself strapped for cash and you’ve done all you can to maximize your current income, it may be time to consider diversifying your sources of income.
Income diversification can take place in so many ways – the choice is yours. Trade time for money by doing work such as house or pet sitting. Invest in the stock market and grow your income through asset appreciation.
Focus on passive streams of income such as peer-to-peer lending. Invest in real estate by buying properties that will bring in rental income. You could even start a side hustle.
As you can see, there are a ton of options, and anyone at any income level can start earning more.
Try these tips if you need money now!
Is it possible to make money today? Absolutely. But only if you dedicate the extra time and effort. Like anything worth doing, it will require some hard work and commitment. Use these tips if you need money fast, and be sure to start saving up for emergencies.
By financially preparing for unexpected events, you will prevent yourself from being in the "I need money now" loop! Start saving money fast with our free savings challenge bundle and free yourself from the cycle!