5 Quick Ways to Get Cash Without a Loan

There are many situations in which a person may feel compelled to take out a loan to cover unexpected costs such as vehicle repair, appliance repair or replacement, home repair, etc.

There are even more serious situations where a person may feel the need to borrow to cover bills, put food on the table or keep the power on.

The issue with borrowing under duress or serious stress is that you may end up putting yourself in an even worst situation. Many times quick cash loans are only a band aid solution to bigger issues.

Below is a great list on how to get cash without taking on a loan. These are practical tips which most people can take advantage of straightaway.

Advanced Payment: If you are currently collecting Centrelink and are short of cash, you can receive cash advancement from future pay outs. This allows you to access your own cash without having to take on a loan. The catch here is to understand that when you receive your future entitlement payment, it will be minus the cash advance so you must budget appropriately or you will find yourself short on cash again.

 
Quick Jobs: There are numerous job listings for one off, part/full time jobs across many different employment sites. Elance provides thousands of job opportunities from simple task like data entry to accounting to marketing, etc. Then there are classifieds like Gumtree and Craigslist which have hundreds of different jobs as well. Lastly there is Airtasker which hosts heaps of local jobs throughout the country – jobs like handyman work, cleaning, landscaping, delivery, furniture assembly, dog walking and more – The list is endless

Sell Items: Many budgeting professionals talk about selling unwanted items, this is fine but you can take it a step further. If an item is unwanted by you, it might not be favoured by someone else. If it is, it might only be of interest if its dirt cheap.

Another way to look at selling items is selling items that you like but don’t use anymore. Most people have heaps of things that they just hold on to as they are attached to them and think that they will use them again in the future – all though it never happens.

Find/Fix/Sell: Depending on the urgency for cash, you can always flip items. There are many people who are very good at flipping items and make a great living at it. It’s easy to contact your local council to find out about hard rubbish nights and cruise the streets to find great items that can be touched up and sold for a profit. Online classifieds also provide free item posts where you can pick up items for free and again, touch up and sell. The only obstacle here is really your creativity.

Benefits: Another way to get a cash injection is to take advantage of all benefits you may be eligible for. This can reduce your bottom line which can open up your cash flow. If you can save $10, $20, $30 across multiple bills or expenses, this adds up and can go a long way in opening up the family budget.

*Bonus Point: Cost cutting through budgeting is another great way to reduce your costs which in turns increases your cash flow. Learning how to cut out unnecessary expenses or reducing them is the easiest way to improve the family budget. That being said, many low income earners are already operating on lean budgets with little to cut out or reduce. In these situations, the other points can go a long way in creating cash flow for the home.  

The above is not an exhaustive list as there are many more creative ways to get a hold of money without taking on a loan and debt. The above represents some of the more common and practical ways to increase you cash flow thus giving you access to money without taking on a loan. The true beauty on the above is that many of these tactics can be ongoing cash injections; they don’t have to be a once off solution.