Money ASAPDo you need fast cash for any unforeseen circumstance? Are you looking for some good ideas that will help you meet urgent cash needs? You have landed at the right place. Here you will read some top ideas to make fast cash when you need it as early as possible.

Here, we will not talk about borrowing the money from your near or dear ones because this is a cliche. But, we will give you some really solid ideas that work very well. Before starting, let’s have a quick look at some reasons why people need loans or urgent cash through these stats:

67.42% of borrowers report using their loans to refinance their existing loans or pay off their dues of credit cards.


Withdraw money from your retirement accounts

If you want to have fast cash, retirement accounts can be a good option. In most of the years, if you are younger than 59.5 years, you have to pay a 10% penalty for withdrawing from your retirement funds, but there are a plethora of ways when it may pay to execute this. In addition, there are some exceptions when this 10% penalty may be waived off, for example when you have unreimbursed expenses of your hospital that surpass 7.5% of your adjusted gross income.

In the year 2020, those people affected by the coronavirus pandemic can also withdraw up to $100,000 from their retirement account without even any penalty. Additionally, you can borrow, rather than withdraw your money from your retirement account which is definitely a better choice if you can manage it well.

You can also rent your home or parking space

Renting your property is one of the oldest and best ways to meet your urgent cash needs. You can rent down your property with a rental agreement to the needy ones. In addition, you can also rent your parking space if your house is located in a busy city or tourist spot. You can earn money by renting it out. You should make sure your city allows it. You can also try some apps to execute this idea like ParkWhiz, JustPark, ParkMe, SPOT, and Parking Panda.


You can also make some fast cash by renting out space on some busy weekends for instance during any concerts or sporting events if your house is located near to the stadium. Besides, you can easily turn it into a steady stream of passive income sources by just renting the space to a commuter during the week if you are near downtown offices.

You can ask for a salary raise or overtime at your present employer

It may be not the most comfortable option you have for getting fast cash. But, if you need money fast and without the fear of interest rate, you can talk with your supervisor or boss about getting a hike in your salary. If your performance is good all round the year and can make a convincing case for the salary hike, you may get extra money as soon as you get your next salary.

In addition to this, working overtime or more projects is also a good option to earn extra money at your current job. For example, if you work at a retail store that requires more staff during inventory or during the holidays, you can ask your employer for the overtime.

Part-time jobs or side hustles are a few of the many ways that help you make money fast. While you will not see the money as promptly as you would with a salary hike or working overtime, you can get additional income consistently.


You can sell recyclable items in your home

Selling the recyclable cans and bottles is a good way to get quick cash when you require it the most. You can take the recyclable items to the redemption centre near to your place and trade them for money. In addition, you will receive about 5 to 10 cents per can or bottle, and it also depends on where you live, but if you have a lot of the recyclable products, it can add up.


In addition to this, you can trade in scrap metal for instant cash. You can also earn lots of money for recycling copper, aluminium cans, or steel, and once you have collected the metal, you are required to decide if it is non-ferrous or ferrous. Furthermore, non-ferrous metals will get you more cash, but ferrous metals are more common. For doing this, you can easily find a scrap metal recycling place by simply performing an expeditious search for “scrap places near me.”

You can take help from the pawnshop

There are many people who think taking their loved items to a pawn shop is not ideal, but it is a quick and secure way to solve your problem of getting fast cash in case you are in a financial bind. If you are pretty good in the art of negotiation, you may even be able to secure a better price for your product than their initial offer.


One of the best aspects of this kind of loan is that you can buy your item back once you have sufficient funds available. The short term loans offered by pawnshops are one of the best ideas to satiate your need for instant cash. Furthermore, you can also consider selling an old car, jewellery, and other items that are just sitting in your parking area or drawer.



Let’s Wrap Up

If you need fast cash or find yourself cash-strapped in case of financial emergency, you are not alone. The majority of people do not have enough cash on hand to pay for any unexpected expenses. In case you find yourself in such a scenario, the worst thing you could do is use your credit card debt or take out a payday loan that will have inordinate interest rates.


Fortuitously, there are a plethora of smart ways to accumulate money promptly without affecting your mental peace and finances. Whether you choose to sell some of your belongings, borrow money from a friend or parent or take on odd jobs, one thing is sure here: as soon as you recover from your financial calamity, it is time to start growing an emergency fund for your future.