Any type of urgent or emergency situation is stressful enough on its own, but if it takes money to help resolve the problem and you don’t have the money you need, suddenly the stress levels rise like the temperature on a scorching hot summer’s day.
With a little thinking, research and the willingness to do what it takes to resolve your emergency situation, you can find the money you need to help sort out your problem. This article is going to offer up some helpful and practical tips and options to raise cash in quick time.
Take Out An Emergency Personal Loan
When it comes to Emergency Loans, Australia has many lenders who can offer you a Personal Loan to help you out. Personal Loans can certainly be used as Emergency Loans to get you out of a bind. Whatever your emergency is, just talk to your lender, tell them about your situation and ask whether it’s possible to take out a loan to resolve it.
Many people take advantage of finance from their bank or a private lender to help sort out an emergency or at least reduce the stress levels involved. A Personal Loan or Emergency Loan should be at or near the top of your list when you need cash fast.
Can You Defer Some Bills For a Month Or So?
This is not always possible, but it’s an option worth considering. Maybe you can talk to debtors, explain your current urgent situation and see if you can defer a few of your bills until the next month, so you free up some money to be able to put towards resolving your emergency.
It doesn’t hurt to ask and debtors are a lot more forgiving if you first talk to them, rather than simply failing to pay a bill by the due date.
Talk To Your Boss About An Advance On Your Salary
If you’re a wage earner who is steadily employed and you have been with the same employer for some time, you may be able to approach your boss and negotiate an advance on your salary to cover the cost of your emergency. Once again, it doesn’t hurt to ask.
You could work out a deal where your employer fronts you the money you need and you repay it each payday for a specified period of time until the debt has been repaid in full.
Of course, this scenario is only likely to be a possibility if you have a good rapport and trust with your boss, but if you do, it can be a great option to get you out of a tight spot.
Immediately Cut Out Any Unnecessary Expenses
If you were to make a list of all your day to day spending, you would soon realise just how easy it is to waste money and that you’re probably doing a lot of unnecessary spending yourself.
Now is a good time to make that list and immediately cut out any spending that isn’t essential, at least for the period of time that it takes to get on top of your urgent problem. Sticking to essential spending only doesn’t have to be forever.
Can Someone Lend You Some Money In the Short Term?
Maybe a family member or a close friend might be able to front you the money you need to get on top of things. You can always repay the debt (or favour) at a later date.
Whether this option is viable will depend on a few things, like your relationship with the relative or friend, how much money you actually need, whether they have the spare cash to lend you and so on.
At least, if you borrow money in this manner, you don’t usually have to pay it back with interest.
Sell What You Can
Sometimes, the solution to an urgent money problem can be right in front of you. As in, the possessions you already own.
Do you have one or more items you could put up for sale on eBay or Gumtree, to bring in the cash you desperately need?
Selling stuff can be a quick way to get some cash.
There are always ways to find money in quick time. It’s just a matter of thinking outside the box and doing what it takes. Don’t be afraid to ask for help or take out a Personal Loan to get your out of a tight spot.