What To Do When You Have No Money
2020 has been tough and while 2021 is looking a bit more hopeful, there are still plenty of people who’re struggling. This means the question of what to do when you have no money is more pressing than ever before – and it was pretty pressing for a lot of people before the pandemic.
What to do when you have no money and rent is due in days? What to do when you have no money and kids to feed? What to do when you have no money and have just been hit by an additional bill?
Here are a few things you could try when you have no money and how a payday loan could help.
1. Ask For Help
Asking for money isn’t dignified, we get it – but it must be done. This is especially true when you are thinking of what to do when you have no money. Friends and family are supposed to help us in our hour of need – just as we are supposed to help them in theirs.
If your financial problem is small enough that it can be solved by asking a few people to lend you $50 each, you should start by overpowering your pride and asking for help. Do remember that it’s a loan, not a gift though. Even if they refuse, you should still pay them back.
2. Find Out If You’re Eligible For A Salary Advance
When you are figuring out what to do when you have no money, a salary advance can help. A salary advance is when you get a part or entirety of your paycheck before the payday. While it could be of massive help in certain situations, you do have to remember one major drawback – the more you get for an advance, the less you’ll get on the actual payday. So budget accordingly in advance.
Additionally, not every company offers advances, and some do offer them only to those who are in specific circumstances – for things like when you have fallen ill, lost a loved one, and so on. Do speak to your manager and/or HR to find out your company’s terms.
3. Get A Side-Hustle That Pays Fast
If your paycheck isn’t enough for your needs, you need to start hustling. Any skill or possession that can be monetized, should be monetized.
Freelance writing, editing, graphic design, and transcribing are all popular options that usually pay pretty quickly. At best it is usually from the day you finish the work and on the company’s designated payday of the month the worst.
If you’re a car-owner, you could try becoming a delivery man for Uber Eats; business has been good thanks to the pandemic and you’re allowed to cash out up to 5 times a day. You can also try your hand at babysitting, pet sitting, and dog-walking. Or you could try simply helping people with small menial tasks.
4. Declutter And Sell Your Things
If you have things you don’t use but are in good condition – clothes, jewelry, utensils, books, etc. - package them up and sell them. Multiple online platforms – like Mercari or Facebook Marketplace –could connect you to thousands of potential buyers.
The one downside is selling something could take time. But it’s worth a try. Who knows, you might find the buyer the day you put your things up for sale.
5. Apply For A Short-Term Fast Payday Loan
While figuring out what to do when you have no money, you should always attempt to get cash together without adding to your existing financial obligations. But circumstances might not always allow for this. Most of the avenues you could explore to get cash require some time to render results – time for a friend or employer to come through, to get a fast-paying contract, or to sell something.
If you don’t have the option to wait, you should think about getting a fast payday loan. It might not seem to be the most appealing option on the list of what to do when you have no money, but it’s actually the most optimal one when it comes to time-sensitive financial problems.
When To Apply For A Payday Loan
To put it very succinctly – if you can’t postpone dealing with your problem, you should get a payday loan. Emergencies like medical needs or car problems not only escalate with time but become more expensive to handle. So if you’re experiencing something like that, a payday loan could help since it can be accessible and fast at Fast Payday Loans, Inc. in Florida.
You can apply for a payday loan even if your credit score is bad or outright nonexistent. Plus, Fast Payday Loans Florida will accept any kind of income. And you don’t have to have any collateral.
And, if approved, you’ll get the cash the same day. A payday loan is definitely what to do when you have no money and are on a time limit.
How To Apply For A Payday Loan
Getting started with a payday loan at Fast Payday Loans, Inc. is easy. You’ll need a government-issued ID since you must be over 18, proof of income in the form of your most recent pay stub, and a blank check from an active checking account in your name to be able to apply.
If you’ve got your required items, go to the website and fill out the online form. You’ll be contacted by a loan representative who’ll provide further instructions and set up a meeting at the nearest Florida payday loan.
Take the required items to the meeting so that they can assess everything and determine if you qualify for the loan. If approved, the entire process takes on average around 30 minutes and you’ll get the cash the same day!
If you are trying to figure out what to do when you have no money, things can get pretty stressful. The good news is you don’t have to handle it alone. There are a ton of people out there trying to figure it out as well. That’s why having the right tips at your disposal is important. Give these tips a try to help your situation out!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.