Where to Get Money When You Need It: Borrow or Earn? [20 Proven Ways]

FInancial problems catch us off guard. At the end of the month, all your salary is gone, and you suddenly get another bill… Familiar situation, isn’t it?

When you look for emergency cash immediately, there are several solutions: borrow some cash, get a new job or try to earn a bit of money on simple activities. Decide which one is the best and discover all opportunities, actual in 2021.

Borrow with Profit

1. Take Out a Loan at a Bank

This solution suits large expenses and plans. If you planned to purchase or need money to cover a critical emergency, take an installment loan here. The only thing to remember: banks work only with perfect score borrowers, who have no overdue debts and other issues in their report.

2. Use Credit Card

Quick, easy, always here to support you. The card became a normal part of our life. Despite some experts advising not to use them at all, the smart approach hides no dangers. If you pay on time and clear the debt till the end of the month, the interest may lower to 0% – a perfect instrument for emergencies.

3. Turn to Personal Loans

These are available for almost any client. Private lenders don’t require a perfect score. They even offer a special type of credit to consolidate previous debts and improve your position.

As compensation, rates here are much higher.

4. Ask Your Friends or Colleagues for Help

“Before borrowing money from a friend, decide which you need most”

This common stereotype prevents us from taking money from close people. But if you are sure in plans and can repay the sum with no postponements, why not use this method? Just be responsible and don’t expect friends to help you all the time.

5. Try Loan With a Surety

Such credits have the lowest interest and offer convenient conditions of repayment. For this, you should find a person to vouch for your reliability. Be attentive and make sure you can turn the cash back – otherwise, you frame another person and make him pay for your problems.

6. Use Payday Loans

Caution! This type implies small sums from $100 to $5,000 and should be repaid in 2 weeks or a month. They are easy to obtain, but the interest would be extremely high. Turn to this method only being sure of your opportunities. Otherwise, you risk falling into a debt cycle.

Earn Online

Some people are afraid of remote employment. It seems that the concept appeared only a year ago, during the lockdown, and will pass away. In truth, it’s an old trend. The number of people who work remotely rose by 140% since 2005.

The obvious advantages are a flexible schedule and the huge variety of employers.

7. Copywriting

Do you write good texts? Try your skills at freelance websites. Newbies don’t earn much, but it’s a good way to get some pocket money for students. Get some experience, create a portfolio, and you can turn it into a full-fledged job.

8. Affiliate Marketing

If you have a working website, connect it to a partnership program. Advertise your partners’ site on your platform, and earn on each visitor.

9. Take Part in Surveys and Researches

Scientists and sociologists always look for people to answer their questions and form statistics. It’s an easy procedure with small perks – enough to buy yourself a cup of coffee.

10. Translating

As well as copywriting, this job is available on freelance websites. If you’re lucky to speak several languages, translate small texts or documents.

11. Become a Tutor

Your knowledge may be valuable for someone in the world. Teach teenagers or young students and share your experience.

12. Blogging

Don’t consider it an easy one. Blogging is a difficult job, but you still can combine it with the main work. Ean on selling advertisements, or create an info product for your followers.

13. Cashback

Did you know, you can make cash on spending it? Special apps are tracking your purchases. Shops, connected to the system, will pay you a small percentage from each purchase.

Offline Jobs to Try During Free Time

Most students combine their studies with work. Why not to try the same with your main occupation?

Statistics show more than half of pupils make money during their free time.

14. Delivery

Couriers have a flexible timetable and choose the orders themselves. You only need a bike or auto. Try to deliver food, newspapers and online shops’ goods.

15. Driver

Drive people while going to work – it won’t bring you much income, but may cover expenses on fuel.

16. Gardener

Help beginners to raise plants or work the soil. Wealthy people often want their gardens and orchards to look pretty, but have no time for it. Ask your neighbors if they need some sort of help and get a small sum for your job.

17. Personal Assistant

Bloggers, managers and employers often need people to bring their business to order. PLan the day for them, bring papers to order, and control the meetings. There are a lot of interesting things to do and learn from your boss.

18. Work in Coffee Shops and Diners

Again: flexible day, socializing, interesting skills. Why not try yourself at making delicious coffee? Such work may be exhausting at the end of the day, but it’s a good way to earn tips.

19. Sell Your Stuff

Examine your garage and room – you’ll surely find useless things, though they are in perfect condition. Make a garage sale or sell them through the Internet.

20. Data Entry

It’s boring but easy to work from home. Now, plenty of companies digitize their papers. Try yourself at this job.

Remember that there’s no easy money. But by doing simple tasks, you can cover some expenses. If you need serious support for difficult times, better focus on borrowing.