One morning, you head out to your car and it doesnt start.
Or, you have a medical emergency that requires major surgery.
Maybe a pipe bursts in your master bathroom and does extensive damage.
But you have no emergency fund, so how do you get emergency money?
Emergencies can strike at any time.
Anemergency fundcan help, but42%of those surveyed dont have one.
We have five avenues for you to consider.
Make Quick Cash to Cover Emergency Expenses
Expensive emergencies are hard both emotionally and financially.
Or, what if youre more committed to starting that emergency fund now?
We have some ways you’ve got the option to make quick cash below to help with both.
Our team has compiled alist of creative waysyou can fatten your bank account this week.
This is a long list, so dont get overwhelmed.
Well keep it updated as offers changes or expire.
If you have more affordable options available, it makes sense to consider them.
She also suggests applying for a credit card with a zero-interest introductory period.
Check out ourlist of the best credit cardsfor that.
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2.
Take Out a Personal Loan
Personal loans are easier to find than ever.
Online lending marketplaces likeMoneyLionorCrediblemake it easy to quickly compare pre-qualified offers from lenders side-by-side.
However, she has an alternative solution that could save some money.
However, before you go this route, its important to understand whats involved.
Get a Home Equity Loan
Do you have equity in your home?
With a home equity loan, you borrow the funds and pay them back, with interest.
But Kyle Enright, president of lending atAchieve, said borrowing on your homes equity comes with some downsides.
Primarily, youll be adding another monthly payment to your debt.
Youll also risk foreclosure if you miss payments.
Finally, qualification for HELOCs and home equity loans vary by lender, but can be challenging.
Borrow from Friends or Family
Borrowing from loved ones seems like a great idea on the surface.
However, check that you do right by them.
Write the terms down on paper, if possible.
The last thing you want to do is to lose family members over money.
At first, ensure you have enough to cover car repairs or small medical bills.
Stephanie Faris is a professional finance writer with more than a decade of experience.
It sounds appealing right?
Check it out here!
