Easy Ways to Get Money Without Relying On Family

Ways to Get Money Without Relying On Family

Many Americans find themselves in the unfortunate situation of not having enough money to cover their expenses. You might have had an unexpected bill or didn’t get paid as much at your job as you usually do. Whatever the reason, it can be tempting to rely on friends and family for help. As easy as it seems, borrowing money from loved ones can be complicated and sometimes leads to damaged relationships. Avoid this potential issue by obtaining cash in some of the following ways. 

Car Title Loan

If you’re confident in your ability to repay a loan, car title loans might be worth your consideration. Online title loans are secured loans that require you to use your vehicle title as collateral. When you borrow money, the lender places a lien on your title and takes the vehicle title hard copy. When you pay the money back, you receive your title; if you don’t, the lender can take your vehicle and sell it to recoup their losses. 

Government Benefits

If you’re struggling to pay for food, housing, health care, and basic living expenses, you might be eligible for government benefits. The United States Government offers a number of different benefit options, such as unemployment benefits, food stamps known as the Supplemental Nutrition Assistance Program (SNAP), Welfare or Temporary Assistance for Needy Families (TANF), and Medicaid and Children’s Health Insurance Program (CHIP). Once you’ve established your eligibility, you can go through the application process and receive support when you need it the most. 

Selling Assets

If you own desirable goods and need to pay bills, selling them can be one of the fastest ways to get the cash you need. There is often great demand for secondhand goods like golf clubs, coffee machines, drones, and electronics, and you might have no trouble securing the money you need. Once you’re in a better financial position, you can purchase similar goods of the same value and enjoy them as you did before. 

Take On a Second Job

If you have time and no other commitments, you might see the value in taking on a second job to supplement your primary form of income. If you only need a short-term income boost, you might find a casual or seasonal job to pay your bills. Otherwise, a permanent position with fixed hours might be necessary. 

While working longer hours is not the most desirable option, it might be necessary if your main job isn’t providing you with enough money to live comfortably. 

Rent Out Space

If you own your own home and have space to spare, there’s potential for you to make extra weekly income. Rent out a room you don’t use or even garage space if you don’t need to store your own vehicle in there. While you might need to pay tax on your rental income, you can also deduct expenses relating to the space, such as insurance, utilities, repairs, and mortgage interest. 

Asking friends and family for money can create a messy situation, which is why you might prefer to make money in another way. Any of these options above might be suitable for helping you out of a stressful financial situation. 

The views expressed in this article are those of the authors and do not necessarily reflect the views or policies of The World Financial Review.