When it comes to always being financially secure, your best bet is to ensure that you’re always sat on a pile of savings that can be pulled up for emergency purchases or a rainy day. However, this isn’t always an option for all of us at all times. What’s more? Sometimes life hits you with unexpected costs when your savings are running slim. So, what are you meant to do in these times? Here are a few of ideas to help you along the way.
If you need money fast but are hesitant to take out a new loan with a new lender (and having to go through the endless new terms and conditions that come hand in hand with this process), then you might want to consider engaging with something called equity release through responsibleequityrelease.co.uk.
“Equity” is the cash that you have tied up in your home. Equity release allows you to access this money and put it to other uses. Most of the time, you will be able to receive this money in a lump sum, in smaller sums, or a combination of both of these types of release.
Try using this equity release calculator with a no-obligation estimate.
Selling Unnecessary Belongings
Considering we live in a consumer society where all sorts of frivolous and trivial items are advertised to us day in and day out, it’s not all too surprising that most of us have purchased a whole host of things in the past that we really have no use for. When you find yourself in need of money, you should seriously consider selling any unnecessary belongings that you have. You’d be surprised how much money you can raise in a short period of time. For most items, your best bet is to make use of online sales sites. Websites such as eBay allow you to advertise your products to a worldwide audience, as well as giving you options to sell through an auction format or set a steadfast price. There are also other sites and apps out there, such as Depop, Etsy, and Gumtree. So, work out which best suits your needs and start listing and advertising. Remember to add appropriate postage costs so you’re not forking out this expense yourself.
Consider Freelance Jobs
Sure, the majority of us are in employed positions and for some of us, there will be extra hours on offer that can make you a little extra cash when times are hard. However, if this isn’t the case, you could always consider doing a little freelance work alongside your permanent role. Search for opportunities in your field or in areas that might interest you! It’s always worth applying. Remember that the worst anyone can say is no – you have nothing to lose!
These are just a few different things that you can do to gather funds when savings are slim! Try them out sooner rather than later, as this will save you a whole lot of debt-induced stress in the grand scheme of things!