Updated: July 31, 2024
Advertising & Editorial Disclosure
Many legitimate and low-risk methods are available to help you get money fast. You can go through your shelves to sell items you no longer need or leverage your expertise, such as providing technical support. For emergencies, you can also tap family members and friends for financial assistance.
Here’s MoneyGeek’s curated list of 20 ways to help you achieve fast financial relief. We also detail the types of quick-cash sources to avoid, as well as provide actionable tips to prevent falling short in the future.
Earn From Your Belongings
If you’re looking to convert your possessions into quick cash, monetizing your belongings presents straightforward opportunities. From selling unused items online to exchanging gift cards for cash and pawning valuables, you can boost your finances without extensive effort or specialized skills.
1. Sell Your Unused or Pre-Loved Items
There's likely someone out there looking for what you no longer need, whether it's old electronics, clothing or furniture. Declutter your home and sell items you don't need anymore online. Platforms like eBay, Craigslist and Facebook Marketplace can connect you to potential buyers who may be interested in your unused or pre-loved items.
How to maximize sale price:
Clean and repair your items to make them more appealing. Take high-quality photos showcasing the best features of your items and write detailed, honest descriptions to draw interest. Research similar listings to set competitive prices and promote your items on social media to reach more potential buyers. To close deals faster, be responsive to inquiries and be willing to negotiate.
2. Exchange Unused Gift Cards for Cash
Turn unwanted gift cards into instant cash via platforms like GCX and GiftCash. These services provide a straightforward and efficient way to convert unused presents into money, providing an immediate solution to meet your financial needs.
How to get the best value
Compare offers from different platforms to get the best deal. For instance, CardCash offers bonuses if you exchange your gift cards for other gift cards instead of cash. Make sure your card is valid and not close to its expiration date to avoid devaluation. To maximize your returns, keep an eye out for promotions and deals.
3. Pawn Your Valuables
Pawning your valuables is a quick way to get instant cash without permanently selling your items. This is ideal when you need money urgently and have valuable items to use as collateral. At a pawnshop, your items are assessed for their value, and you receive a loan based on a percentage of that value. To reclaim your items, you must repay the loan with interest within a set period.
What to expect
One major benefit of pawning is that it provides fast cash without a credit check, making it accessible to many. But the high interest rates can add up quickly, and there is a significant risk of losing your item if you cannot repay the loan.
How to pawn successfully
Research the value of your items beforehand to ensure you get a fair offer. Choose reputable pawn shops with good reviews — clearly understand the loan terms, including interest rates and repayment deadlines. Communicate openly with the pawnshop and aim to repay the loan as soon as possible to minimize costs and avoid losing your valuables.
4. Recycle for Cash
Participating in recycling programs contributes to environmental conservation. Local recycling centers and platforms like Recyclebank offer monetary incentives for recyclable items, making recycling a sustainable practice that benefits the planet, your community and your bank account.
How to start recycling
Gather recyclable materials like aluminum cans, plastic bottles and electronics. Check with local recycling centers to find out what materials they accept and the rates they offer. To get the best prices, clean and sort your materials before taking them in. Staying organized and following recycling guidelines can help you maximize your earnings while contributing to a greener planet.
5. Flip Items for Profit
Flipping items for profit involves buying low-cost items, refurbishing them and selling them at a higher price. This can be a lucrative income stream, especially if you find items that can be quickly fixed and sold for profit.
How to find items to flip
Look for items at garage sales, thrift stores and online marketplaces. Focus on things that need minor repairs or can be easily refurbished.
How to maximize profits
Invest in the necessary tools and supplies to fix up items. To attract buyers, be sure to include a quality image and compelling descriptions on your listing. Research market prices to set competitive prices that will sell your items quickly.
6. Rent High-Demand Parking Spaces
If you have a spare parking spot in a bustling area, rent it out to commuters or event attendees seeking hassle-free parking. Whether you're in the heart of the city or near popular venues, your parking space can be an income-generating asset.
What you can earn
Depending on your location and demand, renting out a parking space in prime areas can yield substantial earnings, particularly during peak times or major events. For example, platforms like JustPark suggest daily rates ranging from $10 to $50 in busy urban areas, reflecting local demand trends.
7. Vend Produce at Farmers' Markets
If you have a green thumb, consider selling your fruits and vegetables at local farmers' markets. These markets not only offer a platform to showcase your harvest but also connect you directly with customers eager for locally sourced, high-quality goods.
How to succeed
Plan your produce offerings based on seasonal availability and market demand. Display your products with signage that highlights their freshness and origins. To encourage sales, engage with customers by sharing information about your growing practices.
8. Turn Coins Into Cash
Collect all your loose change and use free coin-counting services at banks or Coinstar kiosks. This convenient method can quickly provide extra cash with minimal effort on your part.
How to maximize value
Use banks that provide free coin-counting services to avoid fees. If you prefer using Coinstar, opt for gift card options to get the full value of your coins without incurring fees.
Find Quick Cash Jobs
Matching your skills and schedule for quick cash jobs like pet sitting on Rover, delivering food with DoorDash and driving for Uber offers immediate earning potential. These opportunities provide direct payments and flexibility, making them ideal if you're looking to earn money fast.
9. Pet Sitting and Dog Walking
Spend time with animals and earn money by offering pet sitting and dog walking services through platforms like Rover and Wag!. This option is perfect for freelancers who adore animals and cherish flexibility in their schedules.
What you'll need
You should love animals and have some experience caring for them. A genuine passion for pets will help you connect with your furry clients and their owners.
What you can earn
On average, pet sitters earn between $10 to $30 per hour, while dog walkers typically charge around $15 to $25 per walk, depending on your location and the specific services provided.
How to succeed
Build a strong profile with references and reviews to attract clients. Offer competitive rates and be reliable to establish a steady client base. Excellent communication and a professional attitude will help you gain trust and repeat business.
10. Babysitting Services
If you have experience with children and and enjoy working with them, you can leverage your skills by offering babysitting services. Platforms like Care.com and Sittercity make it easy to get started, while local community and neighborhood groups are popular among parents seeking childcare services. In this field, establishing a network through referrals from satisfied clients is key to maintaining a steady stream of work.
How to build a babysitting business
Establish your credibility by obtaining certifications in CPR and first aid. Being transparent about your qualifications and providing excellent care can also help you build trust and secure ongoing work.
What you can earn
Rates vary based on experience and location, but babysitters typically charge between $15 and $25 per hour, depending on the number of children and additional duties required.
11. Deliver Food
Since convenient online delivery services are in demand right now, try joining platforms like DoorDash, Uber Eats and Instacart to earn. Here, you can set your own schedule and maximize your earnings through strategic timing during peak hours, along with bonuses and tips available through these services.
What you'll need
You’ll need a reliable vehicle, a smartphone and great navigation skills in your delivery area.
What you can earn
Earnings typically range from $10 to $25 per hour, including tips, but can vary depending on the location and demand. Providing excellent service can help you earn higher tips and repeat customers.
12. Drive for Rideshare Companies
Join the ranks of rideshare leaders like Uber and Lyft, where you can hit the road on your own terms and provide convenient rides to passengers seeking hassle-free transportation. Using your car to make money is not only a flexible way to put you in control of your schedule but also helps you boost your earnings efficiently.
What you'll need
You’ll need a car, a valid driver’s license and insurance. Our guide to the best car insurance will help you find the right coverage for your needs.
How to maximize earnings
Drive during high-demand times like weekends and evenings to increase your profits. Keep your car clean and provide excellent service to earn higher tips and ratings. Being courteous and professional can help you get repeat customers and positive reviews.
13. Participate in Research Studies
Contribute to scientific advancements while earning income by participating in research studies. Platforms like ClinicalTrials.gov and local universities offer a variety of opportunities to get involved and earn money through research participation.
What to expect
The requirements for research studies vary but often include health screenings and specific time commitments. Depending on the study’s length and complexity, earnings can range from $50 to several thousand dollars.
How to maximize your participation
Before enrolling, thoroughly research the study to understand its purpose and requirements. Ensure that it aligns with your schedule and health conditions. Only participate in studies conducted by reputable institutions to ensure safety and reliability. Most importantly, be honest during screenings and follow all instructions carefully to increase your chances of being selected and completing the study successfully.
14. Micro Jobs
Micro jobs refer to small tasks — such as data entry, online research and virtual assistance — that can be completed for cash on platforms like Amazon Mechanical Turk and TaskRabbit. This flexible method is perfect for quickly earning money, especially if you have diverse skills.
How to complete small tasks for quick payments
Choose tasks that align with your skills and availability. Prioritize completing tasks promptly and accurately to build a strong reputation. This proactive approach helps maximize your earnings and opens up more opportunities for higher-paying assignments in the future.
15. Fitness Coaching
Share your passion for fitness and offer personalized coaching services like strength training, yoga or cardio workouts. There's a growing demand for dedicated coaches who can motivate and guide clients toward their health and fitness goals, providing you with a rewarding opportunity to earn income while helping others achieve sustainable lifestyle changes.
What you'll need
Develop expertise in your chosen fitness area and understand your client’s needs. A certification in fitness training or related fields can enhance credibility and attract more clients.
What you can earn
Fitness coaches typically charge hourly rates ranging from $30 to $100, depending on experience and the level of personalized service provided.
16. Tech Support or Troubleshooting
Utilize your tech skills to provide reliable assistance in resolving software glitches, setting up devices or addressing network issues. With businesses and individuals increasingly relying on technology, platforms like Upwork, Freelancer and Fiverr connect tech-savvy individuals with clients seeking quick solutions to their everyday technical challenges.
What you'll need
Stay updated with the latest tech trends and certifications relevant to your field of expertise. Continuous learning enhances your ability to troubleshoot complex issues and provide effective solutions.
What you can earn
Tech support professionals can earn anywhere from $15 to $50 per hour, depending on experience and the complexity of the tasks. These platforms offer opportunities to build a client base and generate income through freelance work.
Alternate Financial Solutions
Whether you need immediate funds for emergencies or seek to stabilize your finances quickly, consider strategies like accessing paychecks early, borrowing from trusted circles and negotiating bill forbearance to strengthen your financial position efficiently.
17. Access Your Paychecks Early
Apps like Earnin and services from banks such as Chime allow users to request an advance on their paychecks. Alternatively, you can approach your employer directly to discuss options for receiving your pay early. This approach provides quick cash during emergencies, bridging financial gaps between paydays.
How to request and repay advances
Be sure to understand the terms, including any repayment schedules, to avoid fees or penalties and ensure a smooth transaction.
18. Borrow Money From Family and Friends
Turning to your family and friends for a loan can provide quick access to cash without high fees. Just be sure to establish clear communication and a formal agreement to maintain your relationships and avoid misunderstandings.
How to approach the topic
Be honest when explaining your situation and respectful of their perspective. Clearly state how much you need and why it's necessary.
How to create a loan agreement
Draft a written agreement detailing the loan amount, repayment terms and any agreed-upon interest. This document helps maintain trust and ensures accountability on both sides.
19. Request Forbearance on Bills
If you need breathing room during financial challenges, requesting forbearance allows you to temporarily postpone or reduce payments on bills such as utilities, rent, mortgages and student loans.
How to request forbearance
Contact your service providers promptly. Clearly explain your financial situation and the challenges you're experiencing. Be prepared to provide documentation, such as proof of income loss or medical bills, to support your request.
20. Open a Bank Account With a Bonus
Opening a new bank account with a promotional bonus offers a quick and effective way to earn cash through financial incentives. By receiving an immediate cash deposit and potentially higher interest rates, you can quickly accumulate funds, making it an ideal strategy for those looking to increase their income promptly.
How to find bank promotions
Research institutions that offer sign-up bonuses for new accounts. Compare the requirements and benefits to find the most advantageous offer for your financial goals.
How to qualify for bank bonuses
Meet specific requirements, such as minimum deposit amounts and conditions for direct deposits, to ensure you receive the full bonus amount as advertised.
Fast Money Sources to Avoid
Money sources like payday loans and title loans come with high risks and costs, including steep interest rates and potential loss of collateral, that can exacerbate financial woes. Avoid these quick cash options so as not to fall into a cycle of debt.
Payday Loans
Avoid the pitfalls of payday loans. These loans offer quick cash at a high cost due to their steep fees and interest rates, often exceeding 400% annual percentage rate (APR). These loans, typically due on your next payday, can lead to prolonged financial strain.
Instead, consider borrowing from friends or family, negotiating payment plans with your creditors or checking out apps that offer paycheck advances with lower fees.
Title Loans
Title loans, where you use collateral such as your vehicle, pose a risk to your asset if repayment becomes challenging. These loans, including various types beyond vehicle title loans, often carry high interest rates and fees, making them expensive.
Consider safer alternatives, such as personal loans with same-day instant approval from credit unions. These typically offer lower interest rates and present a more manageable borrowing option without jeopardizing your valuable assets. Community assistance programs also provide financial support without putting your belongings at risk.
Credit Card Cash Advances
Accessing cash through your credit card's cash advance feature provides immediate funds but comes with high fees and interest rates that start accruing right away. Failure to promptly repay can lead to substantial costs and potential damage to your credit score.
Instead of opting for a cash advance, prioritize using your credit card for essential purchases and ensure timely repayment to avoid interest charges. Alternatively, look into balance transfer options with lower interest rates to manage your existing debt effectively.
Tips to Prevent Future Cash Shortages
Ensuring financial stability demands foresight to prevent cash shortages. You can start strengthening your financial foundation by establishing an emergency fund, optimizing budgeting skills and diversifying income sources, which are especially crucial for budgeting with an irregular income.
1
Build an Emergency Fund
Securing your financial future starts with building an emergency fund. Begin by setting aside a small, manageable amount from each paycheck. Gradually increase your savings goal until you've saved enough to cover three to six months' worth of living expenses. Also, consider automating your savings to ensure consistent contributions without fail.
2
Create a Feasible Budget
Take control of your finances by creating a solid budget. Utilize effective budgeting tools like apps such as YNAB and PocketGuard or simple spreadsheets to track your income and expenses. Identify areas where you can trim unnecessary costs, such as subscriptions or dining out, and redirect those savings towards your financial goals, whether it's building an emergency fund or paying down debt.
3
Explore Additional Income Streams
Boost your financial resilience by diversifying your income sources. Identify side jobs, passive income opportunities or ways to make money online that match your skills and interests. Whether you freelance, rent out property or invest in dividend stocks, having multiple streams of income can help you navigate financial challenges more comfortably.
4
Plan for Large Expenses
Plan and save in advance to stay ahead of significant expenses. Set up a dedicated savings account for anticipated costs such as home repairs, medical bills or vacations. Saving incrementally over time ensures you're prepared when these expenses arise, avoiding last-minute financial strain.
5
Monitor and Adjust Financial Habits
Maintain financial stability by regularly reviewing your spending and saving habits. Take time each month to assess your financial situation and make necessary adjustments. When you stay proactive and flexible, you can keep your finances on track and avoid unexpected cash shortages. Learn more about how to make better financial habits wiht our guide on personal finance for beginners.
FAQ About How to Get Cash Fast
What is the quickest way to get cash if I need money immediately?
The quickest way to get cash immediately is by selling unused items on platforms like eBay, Craigslist and Facebook Marketplace. You can also earn money quickly by offering local services, such as babysitting or delivering food through apps like DoorDash.
Are there safe and effective ways to borrow money in an emergency without resorting to high-interest loans?
Consider safer borrowing options like personal loans from credit unions, negotiating payment plans with creditors or exploring employer advances. These alternatives provide access to funds without the high costs and risks of payday loans or credit card cash advances. Review terms carefully and prioritize timely repayment to avoid extra fees and financial strain.
Are there any risks involved in using apps to access my paycheck early?
Yes, using apps like Earnin and Dave can come with risks such as fees, dependency on advances and the potential for overdrawing your account if not managed carefully. It's important to use these services sparingly and ensure you can repay the advances on time.
About Nathan Paulus
Nathan Paulus is the Head of Content Marketing at MoneyGeek, with nearly 10 years of experience researching and creating content related to personal finance and financial literacy.
Paulus has a bachelor's degree in English from the University of St. Thomas, Houston. He enjoys helping people from all walks of life build stronger financial foundations.
