If you're feeling financially pinched during the holidays, you aren't alone. Almost everybody spends a little more than usual, and it can be difficult to come up with the extra money without tapping new resources. Here are 4 ways to get a little holiday cash:
1.) Sell Your Old Electronics
Do you have an old smartphone or computer tablet sitting around? You can trade both in for cash, because they can be refurbished and resold on a secondary market. Phones, in particular, are easy to sell. There are kiosk stations set up in malls (and even in some grocery stores) that will issue you a cash voucher right on the spot, even for electronics that are broken.
2.) Wrap Presents
Are you good at wrapping presents? If you are, you have a skill that can earn you a tidy sum, very quickly. Not everyone shares your talent, and a lot of people outright hate the job. You can charge by the present or by the hour, and advertise among friends, relatives, and through word of mouth.
3.) Donate Your Plasma
As long as you aren't adverse to needles, there are numerous companies that will pay you to donate your plasma. Plasma is necessary for a variety of medical treatments, including leukemia and other immune disorders. How much you earn depends on the company and your weight (often, the heavier you are, the more you get paid), but you can easily pull in between $200 - $400 a month.
4.) Take A Small Loan
There are several types of loans that you can take out. If you have something of value, like expensive jewelry, you may be able to use it as collateral at a pawn shop for a small loan. The average loan at a pawn store is around $150. Typically, you can keep your item in pawn for several months while you gather the money to repay the loan, as long as you pay the interest on a monthly basis.
If you don't have anything that you can use as collateral, but you do have a steady income, you can try to get a signature loan. Sometimes referred to as personal loans, these loans are based only on your credit and your promise to repay. Most signature loans are set up so that you repay the loan in equal installments, over the course of weeks or months.
If you're worried that your credit won't be good enough to qualify for a signature loan, don't assume that you'll automatically be denied. Companies and banks that offer these kinds of loans typically will work to help you qualify. Ask a specialist, like Las Vegas Finance, for more info.
Easier and faster to qualify for than a regular bank loan, signature loans offer a couple other benefits. First, you can usually borrow a larger amount than if you could if pawned something. Second, they often appear on your credit record, which can help you build or rebuild your credit as you go.
Don't let temporary finance problems put a damper on your holiday season. With a little effort, you can get the money that you need to keep a smile on your face throughout the holiday season.