9 Tips On How To Get $2,000 Quickly To Cover Bills And Expenses
Almost anyone can get caught in a tight financial situation at times – especially if you handle your finances like the goof ball Charlie Kenton did in the OK movie Real Steel. And that is when paying the monthly bills and expenses might look impossible.
It happens to many people that they look into their checking account around the end of the month, and find that they are out of cash to pay for the urgent expenses and bills.
The average American needs only $2,000 to cover most of their monthly bills. There are some easy ways you can raise that amount quickly, which can help you stay on top of your bills and expenses if the need arises.
Here are 9 simple tips that can help you raise $2,000 quickly and when you do – don’t buy a bunch of beer and pizza like Roseanne and Dan Conner – that’s not healthy eating and drinking.
1. Borrow from Friends and Family
This is probably the easiest way to raise some money. While you may not be able to get the entire $2,000 from your friends or relatives, it is possible to receive some portion of it.
For best results, borrow small amounts (say $100) from multiple relatives and friends. Keep it sincere and give them a particular date when you will be able to return the money.
Borrowing from people known to you has the least drawback, apart from the obvious pride. Often, friends and family are willing to help you out for free, with nothing in return.
It is possible for them to even gift you the money. If not, many will offer an interest free loan, or a really low interest rate, that you can pay back when stable. However, don’t make this a habit or you will find them avoiding you.
2. Get a Loan
This is another quick way to raise $2,000. A lot of financial institutions, banks, private lenders, and online lenders offer general purpose loans or personal loans. You certainly don’t want to borrow any money from Tuco Salamanca – that would be unwise!
These loans can be utilized in any way you want and can be paid back over 3 – 4 years. You can save interest cost by keeping the loans for a shorter duration.
You can apply for secured loans (using collateral) if you have a checkered credit history or a poor credit score. Many states allow car titles loans where you can use your car as collateral to raise $2,000 easily (even with a bad credit score).
Car title loans are becoming very popular because of their easy, streamlined, and quick application procedure. However, these loans should only be kept for a short period, since they may come with high interest rates.
You can also have someone you know co-sign the loan. Most financial institutions will lower the interest rate when they have a co-signer on the loan (with a good credit history).
Before you sign the dotted line on any loan, make sure you do your homework. Shop around for the best rates and compare them. Do not fall for the lowest interest rates.
Sometimes, low interest rates can be costly when spread over longer loan duration. Some lenders do not allow for pre-payment of loans as well. Compare all potential lenders on all terms and conditions.
It is important to note that loans cannot be considered a quick fix. This is essentially the money you have borrowed through a financial institution, and it needs to be repaid.
Loans, unlike borrowing from friends and family, cannot be taken lightly. You need to ensure that you make provisions to repay the loan as soon as you get it to avoid a potential loan default.
3. Sell Your Assets
Walk through your home and make a list of all things that are of no use to you. You will be amazed at the junk that you hoard in your home, which could be of value to someone else.
For instance, the ugly lamp that your aunt gifted last Christmas might still be packed in its box, or the ski equipment you bought and never used.
You can also sell some unwanted stuff in your closet or old kitchen items. There are a number of apps that can make this very easy for you.
EBay is a great platform to sell collectibles, like cards, coins, or stamps. However, make sure you don’t sell something you need in your home. There are other ways of making money.
If you are in a desperate situation, you may consider selling your vehicle as well to raise $2,000 immediately. However, you need to be careful here and understand the role your set of wheels play in your life. Take into account factors like commuting to work before you decide to sell your vehicle.
You could also become a flipper, where you buy things in thrift stores or yard sales and sell them on eBay. There can be a huge markup by finding things cheap and flipping them on eBay. Again, make sure you buy things you know will sell for a profit.
4. Work, Work, Work
As easy as it sounds, an honest day’s labor is still the best way to get some fast cash and with all those jobs out there because of fewer regulations and lower taxes, there are plenty of opportunities for people who want to engage themselves with an extra job. America is breaking records now in how many jobs are being created.
By babysitting or housesitting at multiple areas in a day, you can make anywhere from $50 – $200 in a day.
There are a number of other side things you can do, like mow a neighbor’s lawn, or offer to wash their car.
You can also work as a freelancer if you have skills. For instance, web designers can easily make $2,000 over the weekend by picking up a side gig. You could put in some overtime at your workplace as well.
Other easy earning ways include getting a temp job through local temping agencies (both online and otherwise).
Long-term jobs take a lot of time and effort to get started. Hence, instead of changing your main job, you could look for quick temp jobs to help with your money problem.
If you find your evenings to be generally free, you could opt to work for delivery businesses. They are always looking for door-to-door drivers or new drivers. If you have your own car, this could put you in a better position.
You could also become an Uber driver, which can help you make $2,000 easily in a month. However, it really depends because your ability to get regular clients quickly and easily will depend on your feedback score, as well as your location.
5. Join a Medical Trial
The pay rates on medical trials vary greatly. However, there are many trials that are willing to pay upwards of $2,000. Just don’t agree to any medical trials that Lewis Kiniski from The Drew Carey Show offers you – that could blow up in your face!
This could be an easy and efficient way to pay your bills and expenses. However, it is important to note that medical trials are not without risks and you could be risking your health and wellbeing by joining one.
6. Get a Roommate
If you have the extra space, you can bring in a roommate to share the costs and help with the rent. Now if that roommate has living habits like Rasaan did in Shaft you are going to be lowering your quality of life which is not appealing at all. No one wants slices of pizza in between the couch cushions unless you are Rasaan!
Make sure you check out local rates for renting rooms, interview multiple applicants, and run a background check immediately before allowing a boarder to live in our house. If you live in an apartment, you may have to check in with the supervisor.
In fact, to raise cash quickly you can put up your entire house on rent for the weekend, if you have another place to stay. You can try established sites like AirBnB or you could speak with short-term letting agents.
7. Rent out Your Car
There is a growing market for peer-to-peer lending, even while most car rentals are done through established companies. You could rent out your car for considerable sums if it is in a good condition. There is a demand for specific types of vehicles in certain locations.
Renting out your vehicle for short-term is a good idea when you don’t need your car immediately, but can’t go without it for long. You can rent through a few new apps.
However, cutting out the middleman is the fastest way to attain that $2,000. Ask people you know to spread the word about your new ‘car lettinggig’.
8. Use Your Car for Ads
You can just put ads on your vehicle for some extra cash, since you are driving around town anyway. You can make hundreds of dollars through advertisement companies like Carvertise. However, make sure you do not get fooled by scams where you are asked to pay upfront.
9. Try Being a Fitness Instructor
You can earn approximately $150 per class as a fitness instructor. This is a great way to earn some money and stay fit at the same time. This is particularly helpful if you are already putting in an hour at the gym after work.
Most people do not want an expert or guru – they merely want someone who can do paces with them and keep them motivated. You can easily find someone who is willing to pay you for a simple walk around the block.
The Bottom Line
While earning $2,000 quickly is easy and doable, it’s fundamental that you budget yourself to prevent a situation where you do not have money to make ends meet.
It is possible that you may need a combination of one or more of these tips to effectively make $2,000. However, if you have a car, one of the easiest ways to raise some money is by using it as collateral to secure a car title loan.