Tips for Raising Quick Cash
By Barbara Pronin, RISMedia Columnist
Whether you need a vacation, want to buy something nice, or pay an unexpected bill, almost everyone, at one time or another, needs to raise a little money quickly.
“If appealing to a rich uncle is not an option, there are other things you can do,” said dedicated garage sale organizer Terry Mack, who makes her living helping homeowners raise maximum cash from garage sales.
Mack offers five ways to raise a little extra cash:
Sell your stuff – Garage sales are a great way to earn instant money while clearing out the clutter. You can even sell your own handicrafts at a garage sale – and don’t forget to stock up on sodas and snacks, which may sell faster than dishes or glassware. For bigger-ticket items like electronics, furniture, or musical instruments, list it on Craigslist or eBay – or take your chances at a local consignment shop, where the turnaround is usually quick for right-priced items in good condition.
Sell your services – If you can mow lawns, rake leaves, shovel snow or babysit…if you can write resumes, type term papers, do research or run an errand service…if you can teach piano or tutor kids or offer computer lessons to senior citizens…if you have a truck and can offer hauling or store pick-up services, make up and distribute fliers or post on neighborhood bulletin boards.
Recycle stuff – There is money to be made by recycling cans and glass or plastic bottles. This is a good option if you live near a campsite or other tourist area, where people generally toss these items instead of recycling them.
Make money from your surroundings – If you have access to a beach or forest, you can gather driftwood or pine cones and sell them to craft or gift shops. You can breed worms during fishing season, grow and sell fruit, vegetables or homemade jams and pies, or make and sell wreaths at Christmas time from local greenery and foliage.
For emergency only – In a real emergency, you may be able to get a signature loan from your bank or a cash advance on your credit card. You can also resort to a payday loan or to pawning something of value at a pawn shop. Because the interest rates are highest there, think of them only as a last resort.