Sara Weiser – PSECU’s Public Relations Manager
For long-term financial goals, you may have the luxury of saving up. When emergencies happen though, you may need to find quick ways to make money so you can pay for the unexpected.
Whether it’s a car repair, medical issue or sudden expense, there may be several reasons why you may need to find a way to make money fast.
If you’re trying to make money fast to create an emergency fund or have a bona-fide emergency, watch out for scams. There are fraudsters who will use your money worries to try and take money from you.
They may make you an incredible offer that promises to alleviate your money worries, but remember, if it sounds too good to be true, it probably is. If you think you may have fallen prey to a scam, contact your financial institutions and local authorities.
However, there are several ways you can make money relatively quickly. Keep in mind that none of these are “instant” solutions, and all of them — just as with other money-making opportunities — will require some time and effort on your part:
1. Sell what you own:
When businesses need to raise funds fast, they liquidate their assets. You can do the same. Start by checking out what you no longer need. Used clothing, household items and books can be sold online or at a yard sale.
2. Take on some side-gigs:
Gigs are common in today’s economy, and in many cases, you can take on temporary or seasonal work to bring in a few hundred or even a few thousand dollars by doing extra work after your full-time job.
Look for temporary options in classified ads or online. Temp agencies can also help you find short-term work. Before doing the work, however, make sure the company is legitimate and you have a written agreement in place to ensure you will be paid.
3. Teach someone:
You probably have a skill someone else is willing to pay for, whether it’s speaking another language or playing an instrument. If you have a skill to share, sign up for a tutoring site or take out an ad online.
You can teach English to new residents or even help students with homework. In many cases, you can set your own hourly wages and your own schedule.
4. Complete odd jobs:
If you can mow lawns, run errands, paint a house or walk dogs, you may be able to earn money fast. Just post your availability on a website that matches you with people looking for help. Also, let your neighbors know of any services that they might find useful, like shoveling snow off their driveway.
5. Part-time and second jobs:
Getting a second job can be one of the surest ways to bring in extra money by the next payday. Consider working nights stocking grocery store shelves or working seasonally at local events or amusement parks.
6. Get into the movies:
If you own your own home, you can register it to appear in movies and TV shows. Directors are always looking for locations for shoots. You can also sign up to be an extra in movies and on TV, which can pay cash daily.
7. Rent out your parking spot:
If you live near a stadium or campus, someone probably wants your parking spot. Just offer your parking space at a flat fee and you’ll be making money.
8. Ask for overtime:
If you already have a job, ask to work extra hours and possibly earn overtime pay. This is sometimes the most convenient way to earn extra money since you don’t have to seek out a new company and complete new applications.
9. Rent out your house or car:
Sign up on a short-term accommodation or ride-sharing site and earn money by letting people stay in a spare room, or get cash for driving people around.
10. Set up a blog or social media account:
This side job takes a bit longer to monetize since you first need to build up your audience. However, once you’ve established yourself online, earning money through ads and affiliate programs can create a steady stream of passive income.
You can also set up YouTube and other social media accounts and monetize them. As long as you have an audience, you’ll be making money each time your viewers check out your new content.
The content provided in this article is for informational purposes only. Nothing stated is to be construed as financial or legal advice. PSECU recommends that you seek the advice of a qualified financial, tax, legal or other professional, if you have questions.