Everybody – from single parents to senior citizens – finds themselves in dire need of cash from time to time. Whether it be medical expenses, car repairs, an unexpected obligation for your child or something entirely different, making sure that bills are paid on time is arguably the most common form of stress for adults.
While there is never a situation in which being short on cash is a good thing, most have a variety of options in terms of earning money immediately. To help you through this latest (or a potential future) struggle, let’s look at four easy ways that you can convert your used goods into money today.
Sell Jewelry and Other Valuables
Most people have one or more items of significant value. From heirlooms passed down across generations to engagement rings and necklaces given to you by spouses past and present, these items can be a godsend in times where you need money today.
You can take inventory of any and all valuables in the home and figure out how much each is worth. From there, you’ll have to decide whether you truly want to part with it. If you have an item that is not intrinsically valuable to you in sentimental terms, why not sell it for cash? There are many online businesses that will provide instant quotes for jewelry and other valuables, and some even pay you same-day.
Take Advantage of Pawn Shops
Rather than completely parting with treasured items, valuables and other goods, you may decide to use them as collateral to secure same-day funds. While not the best type of place from which to secure a temporary pawn shop loan, pawn shops do provide upfront loans to those in need of quick cash.
You’ll trade in any and all items, which will be held until you pay back the loan (or default on it). You also have the option of selling items directly to the pawn shop, but for many, short-term loans are the better solution. It’s generally a good idea to pay back the loan as quickly as possible due to higher interest rates.
Have a Garage Sale
If you have plenty of clutter but no extra money, then why not organize a garage sale in your neighborhood? You can easily setup outside your house, place a few signs throughout the area pointing people to your location, and lure people in to buy any and all items you wish to sell.
This is a particularly effective method for those seeking to generate a small amount of money at short notice: many garage sales can generate $100 or more in just a couple of hours. Given that there are virtually no setup costs associated with having a garage sale, you have nothing to lose by attempting this age-old method of earning quick cash.
Use Social Media Marketplaces
Platforms such as Facebook are littered with online marketplaces and buy/sell/trade groups. You’ll likely find several of these options in your area, making it easy to share your used items with nearby friends and other people.
In many cases, items can be sold and picked up same-day, giving you a quick source of cash in desperate times. This can be an especially useful strategy if and once you’ve already tried a physical garage sale (but ended up with extra items unsold).
When in dire financial straits, it’s important not to panic. Fortunately, there are several strategies for earning quick cash via nothing more than your used items. Whether you have everyday goods or valuables in your possession, there are multiple methods for converting them into cash today.