How to Get Money NOW

In today's tough economy, many people are looking for extra money to make ends meet. Some options are definitely more financially safe than taking one of those quick pay day loans. The following article shares solid recommendations for earning or finding the extra money that you need NOW.

Difficulty:

Moderate

Instructions

1. Cut your budget.
   Eliminate, or at least decrease, the frills in your lifestyle. These frills may include eating out, movies, gourmet coffee, unnecessary purchases and any other hobbies or activities which cost you money. It is much wiser to cut your spending than have to dip into your savings.

2. Tap your emergency fund.
   If your facing foreclosure or any other serious financial crisis than this is the exact reason for an emergency fund. Experts had been suggesting that each household have an emergency fund with 3-6 months worth of living expenses. With the current economy, experts are now recommending 12 months!

3. Work extra hours or find a second job.
   Making extra money is absolutely better than spending savings to pay your living expenses. Many people are now working part-time jobs within their field or starting their own home business as a source for supplemental income.

4. Downgrade or sell a vehicle.
   If you currently own more cars than you need, this may be a good option for you. Also, you may be able to downgrade your current vehicle to put some money back in your pocket. Be sure to consider the market for your vehicle and also any expenses associated with a used vehicle.

5. Suspend 529 college fund contributions.
   Before suspending contributions to your 401k or your IRA, you should consider suspending college fund contributions. It is definitely more important to continue your retirement account contributions, especially if your employer offers a matching contribution.

6. Sell your stuff.
   Yard sales, Craigslist and eBay all make selling unneeded or unwanted stuff quick and easy. Take a look around your apartment or house and identify those things that you no longer need or want. Some of those things may only earn a $1 but several dollars add up quickly and some of your stuff may earn you more money.

7. Cash in your change jar!
   For a real desperate moment, cash in your change jar! Be sure to look under the cushions, in the car and out and about for any lingering coins!

Resources

• How to Save $500 per Month
• How to Save Money During a Recession
• How to Decrease Monthly Household Expenses