How to Survive That Major Money Pinch

At some point everyone is going to find themselves needing a little extra cash. Whether it is an unforeseen emergency or the need to put a little extra in the bank to cover bills, it is important for everyone to understand a few tips and tricks that can be utilized when money is tight.

Rethink the Commute

According to the U.S. Census, over 10.8 million employees commute an hour each way for work. Over time, this can become a very large burden when it comes to gas prices and car maintenance. Rethinking one’s commute is a great way to cut out some major expenses with options such as public transportation, taking a bike path, or rideshare programs.

Clean Out the House

Cleaning out a house and selling off a few unused items has two benefits. The first benefit is the ability to quickly raise cash through a yard sale, online adds, local newspapers, auction websites, or through major corporations like Amazon that purchase old books and movies. As a secondary benefit, removing some of the clutter from a home will also help to tidy up and could even relieve a little extra stress when money is tight.

Temporary Loans

Whether an individual is running late on rent or not going to be able to cover groceries, a temporary loan is a quick pay to get cash right when it is needed. The two primary options for short-term loans include car title loans and payday loans. With car title loans, the owner simply provides their pink slip to the loan center and withdraws a loan with the vehicle’s value as collateral. Payday loans like from 1^st Choice Money Center generally require one or two previous pay stubs which will prove one’s income to the loan center and help them decide upon the size of the loan.

Cash for Gift Cards

Gift cards tend to collect in old drawers, fall to the bottom of one’s purse, or hide away at the back of a wallet. What many do not realize is that they are in fact a great way to bring in a little extra cash when it is needed the most. Countless companies now offer customers the ability to sell or exchange old gift cards with a small fee taken directly from the remaining balance on the gift card itself.
When financial problems begin to pop up, it is time for a family or couple to prioritize their needs. Taking a systematic approach to cutting costs and bringing in extra cash may be all that is needed to make things work until the next paycheck comes in.