Kenneth Keith Official Site

money fast

Make Money Fast: Quick Cash Solutions

—

by

Kenneth Keith
in

Are you in a tight spot and need cash fast? You’re not alone. Unexpected bills can quickly empty your savings. But, there are real ways to earn money quickly without taking risks. Our guide shows you how to increase your income and secure your finances today.

This article covers selling items you don’t use, finding gig work, and using retirement accounts. It offers many options to get you the cash you need quickly. Whether it’s for an emergency or extra money, these solutions can help. Let’s explore how to earn money fast and responsibly.

Key Takeaways

  • Discover legitimate ways to earn cash quickly without resorting to unethical methods
  • Learn how to sell unused electronics, gift cards, and other items for fast cash
  • Explore gig work opportunities, payroll advances, and retirement account loans as potential sources of quick funds
  • Understand the risks and benefits of various quick cash solutions to make informed decisions
  • Gain insights from expert advice to make money fast while protecting your financial well-being

Sell Spare Electronics for Cash

Our devices often become outdated or replaced quickly in today’s fast-paced world. Instead of letting them sit idle, you can sell them for cash. Platforms like Swappa, Gazelle, and ecoATM make it easy to sell your used electronics and get paid.

Using an ecoATM kiosk is a quick and easy option. These kiosks are found in many stores and can check your device’s condition in just five minutes. Simply visit the kiosk, insert your device, and get cash right away.

If you’re looking for a potentially higher return, try selling on Swappa or Gazelle. These sites let you list your items and connect with buyers directly. This can lead to higher payouts than trade-in programs. However, it means waiting for a buyer and arranging shipping.

Selling your spare electronics for cash is a smart way to clear out your space and earn extra money. With the right platforms, you can easily turn your old cell phones, tablets, and other used electronics into cash for old phones or a tablet trade-in that suits your budget.

Platform Pros Cons
ecoATM
  • Instant cash payouts
  • Convenient kiosk locations
  • Quick and easy process
  • Potentially lower prices than other options
  • Limited device selection
Swappa
  • Higher potential earnings
  • Direct connection with buyers
  • Wider range of devices accepted
  • Longer sales process
  • Responsibility for shipping and handling
Gazelle
  • Hassle-free trade-in process
  • Competitive pricing
  • Accepts a wide range of devices
  • Slightly lower payouts than private sales
  • Longer wait times for payment

By using electronics buyback programs and selling your used phones, tablets, and other devices, you can quickly earn some extra cash for old phones or save for your next tech upgrade. With some research and the right platform, your unwanted electronics can become a valuable source of cash.

Sell Unused Gift Cards

If you have unwanted gift cards, you can turn them into cash. Sites like CardCash and GiftCash let you swap your unused cards for cash. You can get up to 92% of their value this way. It’s a fast and easy way to sell unwanted gift cards and get cash for gift cards you don’t need.

The process is easy. Just go to the gift card exchange site, fill in your card details, and get a quote. Accept the offer, and you can upload a digital card or send the physical one. You’ll get your cash in a few business days, via PayPal, direct deposit, or a check.

The cash for gift cards rate can change based on the platform and the card type. Some sites like Raise might take a small fee, about 15%. Others, like CardCash, offer up to 92% of the card’s value. By selling gift cards online on these online gift card exchange sites, you can quickly make cash from your unused cards.

On average, Americans have $187 in unused gift cards. Almost half (47%) of Americans have at least one unused card. By selling unwanted gift cards on these easy platforms, you can clean out your wallet or purse. You’ll turn that unused value into cash that you can use for something better.

Pawn Something

Pawnshops offer a fast way to get cash when you’re in a pinch. They provide short-term loans or buy items like jewelry, musical instruments, and electronics outright. Pawnshop loans might not be perfect, but they’re better than harming your credit or facing debt collectors.

You can also sell items directly at pawnshops instead of borrowing against them. Items like jewelry, musical instruments, firearms, and modern electronics do well here. Pawn repayment times range from 30 to 90 days, depending on the state. Finance charges for repaying a pawn also differ by location.

Valuable Items for Pawning

  • Precious metals like gold, silver, platinum, and copper
  • Gemstones such as diamonds, rubies, amethysts, sapphires, opals, and topaz
  • High-end electronics, including TVs, gaming consoles, laptops, tablets, smartwatches, and cameras
  • Firearms, including rifles, handguns, and shotguns (with a background check)
  • Name-brand power tools in good condition
  • Antiques, collectibles, and art pieces with authenticating documents
  • Musical instruments like electric and acoustic guitars, amplifiers, violins, and drums
  • Sporting goods such as bikes, snowboards, camping gear, kayaks, and fishing equipment
  • Rare and valuable coins

Pawn shops usually offer loans between 25% and 60% of an item’s resale value. The average loan is $150 and lasts 30 days. About 85% of borrowers pay back the loan and get their items back. But, pawn shop APRs can be high, from 12% to over 240%.

“Pawn shops can be a quick way to get cash when you need it, but it’s important to understand the terms and potential downsides before using their services.”

Pawnshops can be a good option for quick cash, but consider the pros and cons. Look at other options before deciding to pawn or sell your valuables.

Find Gig Work Opportunities

In today’s fast-paced world, the gig economy offers many short-term work chances for a quick income boost. You can find everything from ridesharing and delivery jobs to freelance gigs and micro-jobs. The options for side jobs and freelance work are endless and varied.

Some of the highest-paying gig work opportunities include:

  • ParaWorks: Earning potential up to $50 per hour
  • ChowBus: Earning potential up to $32 per hour
  • Dlivrd: Earning potential up to $60 per hour
  • Caviar: Earning potential up to $25 per hour
  • Seamless: Earning potential up to $23 per hour
  • UberEats: Earning potential up to $22 per hour

For those wanting to make extra cash, popular platforms like DoorDash, Uber Eats, and Instacart offer flexible jobs. You can drive, deliver, or shop and earn extra. DoorDash works in over 5,000 cities in North America.

There are more ways to earn big in the gig world. Freelance sites like Fiverr let you offer various services. Task-based sites such as TaskRabbit connect you with clients for different tasks. And, home-sharing sites like Neighbor let you rent out space and earn passive income.

Gig Opportunity Earning Potential (per hour)
ParaWorks $50
ChowBus $32
Dlivrd $60
Caviar $25
Seamless $23
UberEats $22

Looking to make extra money, try new things, or build a flexible career? The gig economy has many side jobs, short-term work, and freelance chances. These can help you earn cash quickly.

Request a Payroll Advance

When unexpected expenses pop up and you’re out of savings, consider asking your employer for a payroll advance. Many employers offer these interest-free cash advances on your next paycheck. You can then pay back the advance through payroll deductions over time.

This can be a big help when you need to get paycheck early for an urgent bill or emergency. Employer cash advances are usually easier to get and cheaper than payday loans or other high-interest options.

Explore Payroll Advance Apps

There are also payroll advance apps that make getting to your earned wages quick and easy. These apps let you take out part of your paycheck early, sometimes for a small fee or a tip if you choose.

  • Earnin – Offers advances up to $100 per day, with a cap of $750 per pay period.
  • Dave – Provides up to $500 in advances, with a $1 monthly membership fee and optional tips.
  • Brigit – Allows advances up to $250, with an $8.99 monthly subscription fee.
  • Current – Offers up to $200 in overdraft coverage, with a $25 limit for new users.

Payroll advance apps are a handy way to get your money when you need it, without the hassle of traditional lenders or high-interest debt. But, make sure to check the fees and terms of each service to fit your budget.

Bankrate says only 44% of adults can cover a $1,000 surprise expense from savings. Payroll advances can be a big help during tough financial times. They let you get paycheck early and dodge late fees or overdraft charges.

Before asking for a payroll advance, know your employer’s rules and how you’ll pay it back. Companies often set limits on how often and how much you can borrow to keep their finances stable. Using payroll software can also make the process smoother and keep track of deductions from future paychecks.

Ask for Bill Forbearance

When you’re struggling financially, asking for bill forbearance can help. Forbearance lets you pause or lower your payments temporarily. This gives you a break until you can get back on your feet.

Companies like electricity, gas, and water providers, as well as those for cable and internet, might agree to defer late payments. They won’t charge extra interest or fees. This can help you save money for other important bills during tough times. Mortgage lenders and loan providers also offer forbearance options. These let you stop or lower payments for up to a year.

To get these options, talk to your service providers and lenders early. Tell them about your financial struggles and ask about utility bill deferment, cable and internet late payment policies, or mortgage and loan forbearance programs. Many companies are ready to help if you’re honest and work with them.

Forbearance is just a short-term fix. You’ll need to pay back what you owe later. Work with your providers to set up a plan that works for you. This could be paying in one lump sum, over a few months, or changing your loan. These steps can ease your financial stress and give you time to get back on track.

“Forbearance can be a lifeline for those facing unexpected hardships, but it’s essential to understand the terms and ensure a solid repayment plan is in place.”

Dealing with bill forbearance can seem tough, but with the right info and talking to your providers, you can find relief. Don’t be afraid to ask for help from housing counselors or financial advisors. They can guide you and help you make the best choices for your situation.

Type of Forbearance Key Details
Mortgage Forbearance
  • Suspend or reduce mortgage payments for up to 12 months
  • Requires proving financial hardship and compliance with lender requirements
  • Repayment can be done through lump-sum payments, short-term plans, deferrals, or loan modifications
Utility Bill Deferment
  • Electricity, gas, water, cable, and internet providers may defer late payments without interest or penalties
  • Frees up funds to cover other essential expenses during a crisis
  • Requires proactive communication with service providers

Borrow from Retirement Accounts

When you’re hit with an unexpected expense, you might think about using your retirement savings. But, it’s important to know the downsides of borrowing from your 401(k) or IRA.

Tapping into Your 401(k)

Your employer’s 401(k) plan might let you borrow up to 50% of what you’ve saved or $50,000, whichever is less. The CARES Act raised this limit to 100% of your balance or $100,000 until September 2020. This was to help during the COVID-19 pandemic. But, you’ll need to pay back these loans usually within five years. You might extend this if you use the loan for a home.

Remember, 401(k) loans affect your paycheck since you pay back through deductions. This can slow down your savings growth and might mean missing out on employer matches. If you leave your job, you could owe the loan back all at once. If not paid back, it becomes a taxable withdrawal, with taxes and a 10% penalty.

Exploring IRA Withdrawals

With an IRA, you might be able to take out some money once a year and pay it back within 60 days. This option is flexible, but think about the tax effects. Taking money from traditional IRAs means paying taxes, and if you’re under 59½, you’ll also face a 10% penalty unless you qualify for an exception.

Roth IRAs let you take out your contributions anytime without taxes or penalties. But, taking out earnings might be taxed and penalized if you don’t meet certain rules, like being 59½ or older and having the account for five years.

Choosing between a 401(k) loan or an IRA withdrawal? A 401(k) loan is usually better since it avoids taxes and penalties. You can then repay the money to your retirement account.

“Borrowing from your retirement accounts should be a last resort, as it can have long-term consequences on your ability to save for retirement. Consider all your options carefully before making a decision.”

Using your retirement savings should be a thoughtful choice, affecting your future financial security. Think about the good and bad sides, look at other options, and make sure you have a plan to pay back the borrowed money on time to dodge tax penalties.

Get a Credit Card Cash Advance

Need cash fast? A credit card cash advance might be an easy fix. But, know the costs and risks before you jump in.

Cash advances have higher interest rates than regular purchases, usually 20-25% APR. Banks also add a fee, about 5% of what you borrow. These costs can add up quickly, making it an expensive way to get cash.

Also, cash advances don’t have a grace period. This means interest starts adding up right away. If you don’t pay it back fast, debt can grow quickly.

  • Cash advance interest rates typically range between 20-25% APR
  • Banks may charge a cash advance fee, usually around 5% of the amount borrowed
  • Cash advances do not have a grace period, so interest begins accruing immediately

While a cash advance can help in an emergency, think about the costs and how it might affect your credit later. Look into other ways to borrow, like personal loans or help from family or friends. These might be cheaper for your short-term needs.

Metric Average
Cash Advance Interest Rate 20-25% APR
Cash Advance Fees Approximately 5% of the amount borrowed
Personal Loan Interest Rate Just above 12% as of June 2024
Venmo/Square Cash Credit Card Transaction Fees 3%

Before choosing a credit card cash withdrawal, check the terms and fees. Understand the interest rates and how it might affect your credit score. Look at all your options to make a choice that fits your financial goals and future.

Explore Payday Alternative Loans

When you’re facing a financial emergency, looking for alternatives to payday loans is key. Luckily, some credit unions offer a cheaper option – payday alternative loans (PALs). These loans are short-term and have low interest. They help people get quick cash without the high fees and debt of payday lenders.

Credit unions can charge no more than a 28% annual percentage rate (APR) on PALs. This is much lower than payday loans’ triple-digit APRs. You can borrow up to $2,000, and get the money in one to two business days. This makes them a good choice for urgent financial needs.

Accessing Payday Alternative Loans

To get payday alternative loans, look for credit unions in your state that offer them. NerdWallet has a big list of payday loan alternatives in the U.S. This makes it easy to compare your options.

Payday Loans Payday Alternative Loans
APR can reach up to 400% Maximum APR of 28%
Short repayment period (around 2 weeks) Loan amounts up to $2,000
Can lead to negative credit score impact Faster access to funds (1-2 business days)

By choosing payday alternative loans from credit unions, you can dodge the dangers of payday lenders. You’ll get the short-term financing you need at a lower cost. This can help you get through financial emergencies without falling into debt.

payday loan alternatives

“Payday alternative loans provide a lifeline for those in need of quick cash without the exorbitant fees and crushing debt associated with typical payday lenders.”

money fast with Personal Loans

Need quick cash? Personal loans can be a fast and easy solution. Many lenders offer fast personal loan options, with some funding loans in just one business day. If you have good credit, you’ll find many choices for quick cash personal loans. Even if your credit isn’t great, there are lenders for same-day personal loans for those with bad credit.

It’s important to find a balance between quick funding and reasonable interest rates. Mainstream lenders usually have a 36% APR cap for poor credit. But, you might find lenders offering fast personal loan approval without a credit check. These loans come with very high interest rates, often over 100%. Stay away from these and look for more affordable quick cash personal loan options.

  • Average APRs on personal loans range from 6% to 36%
  • Loan amounts for fast personal loans typically range from $1,000 to $100,000
  • Monthly payments are usually fixed for 2 to 7 years
  • Some lenders offer same-day approval and funding for fast personal loans
  • Credit score requirements can vary from 560 to 660 depending on the lender

Online lenders like LightStream, SoFi, and Upgrade offer competitive APRs and flexible credit score requirements for quick cash personal loans. Credit unions like Alliant Credit Union also provide same-day personal loans, but you need a 90-day membership first.

Banks can take up to a week to fund personal loans and usually help customers with strong credit. Avoid payday loans and high-interest installment loans because their triple-digit APRs make repayment hard.

When looking for a fast personal loan, compare interest rates, loan amounts, and repayment terms from different lenders. This helps you find the best option for your financial situation and budget.

“Comparing rates and terms is essential when selecting fast personal loan options.”

Rent Out a Room or Space

If you have a spare room or a parking space, you can make money by renting it out. Websites like Airbnb let you do this. It’s a good way to earn extra, especially if you live in a sought-after area.

First, check if short-term rentals are okay in your area. Remember, you’ll need to report this income and pay taxes on it. Renting can also give you tax breaks, which is good for landlords.

Setting Up and Managing Your Rental

Having a legal lease is key when renting out a room. It should cover things like the lease length, security deposit, and rent. Make sure to check potential tenants’ backgrounds and credit to find good renters.

Using sites like Airbnb can help you find tenants. But think about the space you have, how you feel about renting, and make sure everyone agrees before you start.

Benefit Statistic
Rental income can cover a significant portion of mortgage payments 70% of mortgage payment covered by housemate to supercharge savings rate
Short-term rentals can provide a steady stream of income Rental on Airbnb for around seven days per month covered bulk of rent
Short-term rentals can be priced competitively 20% to 30% undercutting of local hotel rates for short-term rentals
Unique features can command premium rent Price charged premium rent for spare bedroom due to unique hot tub installation

Be aware of fair housing laws when renting out a room. The Federal Fair Housing Act stops discrimination based on race, sex, and religion. Some states also protect against discrimination based on sexual orientation and gender identity. The “Mrs. Murphy Exemption” lets you set your own roommate rules at home.

Renting out a room or space through Airbnb can be a smart way to earn more. But, it’s important to follow the law and be responsible to avoid problems.

Offer Pet Sitting or Dog Walking

Today, technology has changed how we care for pets. Sites like Rover and Wag make it easy to find pet sitting and dog walking jobs. These pet sitting gigs and dog walking side jobs let you earn extra money while enjoying time with pets.

At Rover, you can care for dogs at your home, at the owner’s place, or with drop-in visits. Prices for pet sitting vary from $20 to $100 a night. This is a great side hustle for students or anyone wanting extra cash.

Wag connects pet owners with reliable dog walkers and sitters. They offer services from short walks to overnight stays. The platform takes a 40% commission on earnings from walks and other services.

Platform Service Fee Application Process Earnings Retention
Rover 20% per booking 5-10 business days 80% of earnings
Wag $49.95 application fee 14 days on average 60-70% of earnings

Choosing between Rover and Wag means looking at fees, application times, and how much you keep. With hard work and the right choice, these pet sitting gigs and dog walking side jobs can be a steady way to make extra money.

“Over 200,000 pet sitters and dog walkers operate through the Rover app in the U.S. and Canada, with 95% of reviewed services receiving a perfect 5-star rating.”

Drive for Rideshare or Delivery Services

Looking for ways to make money fast? Driving for rideshare or delivery services is a great choice. Companies like Uber, Lyft, DoorDash, and Instacart let you earn by giving rides or making deliveries with your car.

As a rideshare driver, you pick up passengers and take them where they need to go. You earn a fee for each ride. On average, you can make about $30 per hour, which is more than what food delivery drivers or grocery delivery jobs make. Uber is a big name in rideshare, with drivers doing over 20 million rides a day.

Food delivery drivers and grocery delivery jobs are also good for quick cash. With DoorDash, Uber Eats, and Instacart, you can earn $10 to $25 per hour. You get to work on your own time, even in the evenings or on weekends.

Opportunities for Larger Vehicles

If you have a big vehicle, you can try specialized delivery services. Roadie, Lugg, and GoShare offer jobs for drivers with trucks or vans. You can earn up to $13 per trip or up to $2,500 a week for moving and delivering items.

Getting started is easy, taking about 5 minutes to sign up and a few hours for verification. You just need to be 18 or older, have a valid U.S. driver’s license, and a Social Security Number.

Choosing to drive for rideshare or delivery services can give you a steady way to make money. Use your car and flexible schedule to earn extra or even make it a full-time job. You can make $10 to $35 per hour or more, depending on where you live and the service you pick.

Sell Unwanted Items or Services

If you have items at home that you don’t use, you can make money by selling them online. You can sell clothes, electronics, or even your skills. There are many online places where you can do this.

Sell Used Items Online

Platforms like Amazon, eBay, Bonanza, Poshmark, and Etsy make it easy to sell your used items. They take a fee from the sale price, which varies from 3.5% to 20%. Some sites also have monthly fees or other costs, so check before you start.

For electronics, try Swappa or Gazelle. These sites focus on pre-owned devices. You can set your own price, which might be higher than what you’d get from trading in.

Offer Freelance Services

If you’re good at something, you can sell your skills as a freelancer. Use sites like Fiverr, Upwork, or Freelancer.com. You can offer services like writing, designing, programming, tutoring, or virtual help. This way, you can earn more money than a regular job.

When selling online, look into the fees of different online resale platforms. This helps you make the most money. With some effort, you can easily turn your unused items or skills into cash.

“Selling online can be a game-changer for turning unused items into extra cash. The key is finding the right platform that aligns with your needs and maximizing your earnings.”

Participate in Paid Research Studies

Looking for quick cash? Paid research studies can be a great option. These studies include online surveys and clinical trials. They offer good pay that can increase your income. Whether you’re a tech expert, a student, or have unique experiences, there are many paid research opportunities for you.

These studies are often run by colleges, universities, and respected organizations. This means they are reliable and legitimate. You can earn between $50 to $150 per hour. Some studies even pay more based on their length and complexity.

Finding Paid Research Opportunities

To find paid research studies, check out UserInterviews.com, Respondent, and Rare Patient Voice. These sites offer a variety of studies, from online surveys to medical research. You can earn a lot for your time and feedback.

Other good options are Survey Junkie, Product Report Card, and Lightster. They provide different paid research studies and focus groups. You can earn $75 to $150 per hour with these platforms.

Signing Up and Participating

  • Sign up with research platforms and fill out your profile. Share your interests, experiences, and demographic info.
  • Look through available studies and join the ones that fit your qualifications and interests.
  • Do the research activities, like online surveys, interviews, user testing, or focus groups.
  • Get your pay, usually in cash, prepaid cards, or gift cards, after finishing the study.

Doing paid research studies is a smart way to make extra money. You also get to help shape the future of products and services. If you’re into tech, healthcare, or have unique experiences, there are many opportunities for you.

“Participating in research studies has been a game-changer for me. The pay is fantastic, and I get to share my opinions and experiences to shape the future of the products and services I use every day.” – Sarah, a participant in paid research studies.

Paid research studies

Conclusion

Finding extra cash can seem tough, but there are many real ways to do it. You can sell things you don’t use and find wealth you already have. This guide shows you quick cash solutions to help you during tough times. It’s about finding things that fit your life and skills, and building an emergency money fund for the future.

Using these quick cash solutions helps you meet your financial needs and get ready for the future. You’ll feel more confident and in control of your money. It’s all about knowing what resources and chances you have.

Getting financially secure is a journey. Every step you take towards building financial resilience helps your long-term money health. Follow the advice in this guide to move towards a more secure and stable financial future.

FAQ

How can I sell my spare electronics for quick cash?

You can sell used phones, tablets, and other electronics for cash on sites like Swappa, Gazelle, and ecoATM. ecoATM kiosks can give you cash in about five minutes.

How can I get cash for my unused gift cards?

Use sites like CardCash and GiftCash to trade in unwanted gift cards for cash. You can get up to 92% of their value. Some cards can be sold online for faster payment.

What can I pawn to get quick cash?

Pawnshops offer loans or buy items like jewelry, musical instruments, firearms, and modern electronics. This is a better choice than high-interest loans.

What are some legitimate side jobs and gig work opportunities?

We found 25 real side jobs for a quick income boost. These include driving passengers or packages and freelancing from home.

Can I get a payroll advance from my employer?

Many employers give cash advances on your paycheck, often with no interest. You can repay it through payroll deductions. Apps like EarnIn also offer paycheck advances.

How can I get my bills deferred or delayed?

Some companies don’t charge interest on late payments. Use that money for emergencies. Check with your lenders before taking high-interest loans.

Can I borrow from my retirement accounts?

You might borrow from your 401(k) or IRA. But, be aware of taxes and penalties. 401(k) loans let you borrow up to ,000, while IRA withdrawals have a 60-day repayment period.

How can I get a cash advance on my credit card?

A cash advance from your credit card is cheaper than a payday loan if your account is in good shape. You’ll pay a fee, about 5% of the borrowed amount, plus interest.

What are payday alternative loans?

Credit unions offer payday alternative loans for short-term cash needs. They have lower interest rates than traditional payday loans.

How can I get a personal loan fast?

Some lenders can give you a personal loan in a day. If you have good credit, you’ll have many options. If your credit is poor, look for lenders that accept bad credit but avoid high interest rates.

Can I rent out a room or space for quick cash?

Yes, use platforms like Airbnb to rent out spare rooms or parking spaces for extra money. Make sure local laws allow short-term rentals.

How can I make money through pet sitting or dog walking?

Sites like Care.com, Rover, and Wag connect you with pet owners. Rates for pet sitting can be to 0 a night, based on your location and services.

What rideshare and delivery jobs can I do for quick cash?

Sign up with Uber, Lyft, DoorDash, or Instacart to earn by driving or delivering. According to ZipRecruiter, Postmates drivers make about 9 per hour on average.

How can I sell unwanted items or services for quick cash?

Sell your items or services on online marketplaces like eBay, Craigslist, and Fiverr. There are many options available.

How can I participate in paid research studies?

Look for paid research studies, including medical studies and student surveys, at colleges, universities, and local organizations.

Source Links