For many of us, there is more month than money. Regardless of how well we budget our cash, there just seems to be too little of it and sometimes, other bills take priority over rent.
Unfortunately, you do have to make that payment, or you will have nowhere to call home, and in a financial crunch, you have to be creative. This is how to make rent money fast for those in desperate need.
1. Cancel Your Car Insurance
Owning a car is more than a rite of passage; it is necessary for some. Depending on where you live and work, there could be a great distance between where no transit goes. Owning a car is also convenient for visiting friends and family and running errands, but it costs money you may not have.
If you can manage to cancel your car insurance, it will refund you money right away. This only works if you have prepaid for the year, but if you are on a monthly payment plan, it will immediately stop that bill and leave you extra money in your budget.
2. Payday Loans
Sometimes, you are cash-strapped even though you have an income stream, and you just need rent money to bridge the gap before your next paycheck. This is where payday loans come in handy.
These short-term financial services get you money now, and then you can pay them back once you get paid from your job. A payday lending company will give you a loan for various income types, including:
- Child tax benefits
- Seniors pension
- Employment insurance
- Employment income
You will need to supply them with some financial information, and then, once approved, they will provide your money within a day or two. This is a lifesaver that you can turn to as often as needed.
3. Pawn an Expensive Item
We all have special souvenirs or other items of worth which are valuable to us. While you could sell these to try and raise some capital, why not pawn it instead?
Pawning an item allows you to get instant cash and still have the opportunity to get it back later. This is like a loan with collateral, but without a firm commitment, so if you can raise the money to get your item back, you are all good. If not, it will be sold in the store, and you keep the money.
4. Sell Items Online
You probably have stuff that can be turned into cash fast. It could be something you bought but now don’t use or an item with some value you are willing to part with. Go through your home, see what you can sell, and make quick money.
There are several places to do this online, including:
- Facebook Marketplace
Some platforms are set up to have person-to-person exchanges, while others may require you to ship your items, but either way, it will help you raise your rent money.
5. Borrow From Family and Friends
None of us want to be a burden, but sometimes we need financial help. Turning to family and friends may be hard, but they love us and will likely lend a hand, not a handout.
Be humble and trustworthy with their generosity, and make sure that you pay them back promptly. Then, if you ever get into another financial crunch, they will likely help you again.
6. Cash Jobs
You can do many little jobs to make quick money, and they are short commitments of time and effort that pay off. These include:
- Dog Walking
- House cleaning
- Snow removal
- Lawn cutting
- Car washing
- Pet sitting
Get creative and put up a few flyers in your local area. You can even seek out those that you know need these simple services. It is a great way to have a fast influx of money and may even become a steady side gig.
7. Take On a Gig App
This is another side-income gig that you can do to raise money quickly, and almost anyone can do it. Many require you to have a vehicle and availability and make an effort. Some gig apps are:
- Grub hub
- Door dash
- Uber Eats
8. Fiverr Gigs
If you have some skills and are willing to do many small tasks for other people, Fiverr is the perfect online platform to make money.
There are various things people are looking for, so go to the site and see what is on offer and in demand. If anything matches your skill set, start blasting them out because $5 adds up quickly if you get several gigs daily.
These are the best ways to make rent money fast. Taking on some of these methods is empowering and opens up the opportunity for a side gig that can become lucrative. Others are a short-term solution through a loan you need to repay. The best part is that you can make your rent and maintain a stable lifestyle.