Ways to Find Money When Times Are Hard

When times are tough, and you can’t make the books balance, it can often be hard to see a way out. There are some things you can try to make a little extra money though.

Take on Extra Work

A lot of us work hard, but it might be worth thinking about whether you can take on a little extra work on top of the work you already do. Even if it’s just a case of taking on a few more hours of work a week in overtime. You might be surprised at how much difference that little bit of extra money makes to the way you feel about your situation.

If overtime isn’t an option, you should see if you can take on some other weekend work. This isn’t ideal but, sometimes, it’s the only way to get out of a difficult situation. And then, if your finances eventually improve, you’ll be able to go back to working your normal hours.

Rent Our Your Spare Room

People who are lucky enough to have a spare room in your home should definitely think about renting it out to a lodger. That room is sitting there doing nothing, so why not take advantage of it? There’s no reason not to if it’s not being used by anybody, and you can potentially make a lot of money from it.

You should be careful to make sure that you get the right person though. They are going to be living in your home, so you have to be able to trust them. Make sure that you get references from past landlords and talk to them extensively to make sure they’re the right fit before they move in.

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Babysit for People

If you need a little money but don’t have the time to take on a second job, babysitting for friends, family and people in the local community could be the ideal solution. Every parent needs a babysitter from time to time. If you develop a reputation for being good at it, you’ll make a lot of money.

Obviously, you have to be the kind of person that is able to deal with children and stay patient with them. Don’t try this if you’re a person that’s easily annoyed by kids! You’ll be terrible at babysitting. So, put up an advert in the local newspaper and spread the word to your friends and relatives as soon as possible.

Get a Loan

Loans should be a last resort for you. It can be very easy to get into spiralling debt and find it hard to get out. So, it’s not a decision that anybody should take lightly. Sometimes though, a loan can help you get out of sticky situations in the short-term. It might be about getting a loan to start a business or just getting a bit of money to tide you over.

If you just need a bit of cash to keep you afloat until times get a little better for you financially, it could be an option to go for a payday loan. Remember to be aware of the high-interest rates you’ll be paying though. Find a reputable payday loans direct lender and take it from there.

Cut the Food Bill

One way to make sure you have a little more money in your pocket is to spend a little less. Of course, we all need to buy food, but most of us buy more than we need. And we buy the more expensive stuff than we need to buy. Take a look at what you’re spending each week on food and see where you can cut down.

I have a theory that most of us can easily cut away at least a quarter of our food bill each week and not notice much difference. So, cut out the foods that you like to eat but don’t really need like biscuits and other unhealthy snacks. This might even improve your health too! Then, try to buy budget foods that are often half the price than big brands.

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Find Things to Sell

None of us likes to sell our possessions, but when we’re desperate and times are hard, these items offer a safety net. If you’re lucky enough to have some spare items that are worth some money, you should have them valued and then think about selling them at an auction or an online site.

But even if you don’t have high-value items, you could have a clear out of your possessions and have a garage sale. You’ll be surprised how much money you can make by getting together all the stuff you don’t want and selling them. DVDs, records, CDs can be worth a bit of money and there’s always demand for them.

Walk Dogs

Some people manage to make quite lucrative careers out of walking dogs. Yes, I’m serious. Everyone loves dogs, but everyone hates walking them. This means there’s an opportunity for people like you to make a little extra cash each month. Start by talking to your neighbours and seeing if they’d be interested in the service.

Alternatively, you could simply put up some posters in the community or advertise online using social media sites. It doesn’t matter how you get the message out there, as long as people take notice. I guarantee you’ll quickly be inundated with requests from people who are too lazy to walk their own dogs!

Ask Family for Support

Your family are there to help you. If you’re really desperate, most parents or siblings will be happy to help you out. I know that it’s not a fun thing to do, but it can be a great way to solve your problems. It’s a difficult conversation to have so only approach it with close family members like your parents.

Asking for help is something that people find highly embarrassing and difficult to do. It’s a better option than taking money from a loan shark or someone who is prepared to exploit your position though. That’s why you shouldn’t rule it out.

We all go through hard times, and, hopefully, these ideas will help you out when you fall on hard times.