Many people don’t know what to do when hit by unforeseen expenses. This is because not too many of them maintain an emergency fund. An ideal emergency fund should be able to cover three to six months of your regular expenses.
Title loans companies in Utah and other states can help in your financial emergencies. Apart from them, here are other ways to get the cash you need while you are still building your emergency fund:
Sell Your Old Mobile Phones
Most people today have at least one mobile phone. Chances are, you even have one gathering dust in one corner of your room. You can convert your old mobile phones into some quick cash by selling them online, like at eco, Gazelle, or Swappa. You can also consider selling your old tablets and MP3 players while you’re at it.
Find a Job for a Day and Get Paid the Same Day
There are websites that can help you find a job right away. The best part is you will get your pay at the end of the day. Try websites like LaborWorks, LaborFinders, and LaborReady. If companies like these are not available in your area, you can also try Craigslist jobs that often have postings for temporary employment in housekeeping, general labor, and food service.
Borrow Against Your Life Insurance Policy
If your insurance policy has a cash value, borrow some money against it. Anyway, you can repay it anytime. If you fail to pay it back, your insurance provider will simply deduct the money from the proceeds.
Pawn Some Items
While pawnshop terms are not ideal, they offer quick cash. If you fail to pay your loan, however, the pawnshop will just keep the pawned items. Most people would rather miss paying the pawnshop than defaulting on their credit card bills. If you want, you can even sell your items to the pawnshop outright.
Aside from taking a title loan, these are other easy ways you can get quick cash for your emergency expenses.