FIND SOME CASH NOW (ASAP!)
We all have unexpected cash needs come up, and it can be hard to figure out where to find money safely–and there are better (and unfortunately, worse) ways to tap into your resources. Stay on top of your situation and be the wiser. Consider these 5 relatively safe ways to find some money quickly if you need cash NOW.
WHERE TO FIND MONEY NOW
1) Health Savings Account (HSA) OR Flexible Spending Account (FSA)
BEST FOR a MEDICAL EMERGENCY or SURPRISE BILLS
For unexpected medical emergencies and sudden bills, consider spending some of your funds in your health savings account (HSA) or flexible spending account (FSA) first. These funds are earmarked for just this purpose: to help ease you through a challenging medical time or to handle one-time emergency hospital or doctor/specialist bills. OR a sudden car repair.
Is your medical bill a total SURPRISE? Check out the NO SURPRISES ACT, enacted in January 1, 2022 by the United States Government for U.S. citizens facing sudden, surprise medical bills.
2) Cash OR High-yield Savings Account
BEST FOR OTHER MAJOR EXPENSES
Your best first step could be to withdraw from a cash or high-yield savings account for expenses other than medical ones. This might be a dedicated emergency savings account or any other cash account at your bank, credit union, or other financial institution.
3) Temporary Use of Low-Interest Credit Card
BEST FOR TEMPORARY, SHORT-TERM CASH NEEDS
In some cases, it may make sense to carefully (and temporarily!) put expenses on a low-interest credit card. So, what is considered low interest these days?
Several major bank credit cards offer low rates and low (or no) annual fees and very attractive Balance Transfer options:
BankAmericard–0% intro APR on Balance Transfers for 18 billing cycles for any balance transfers made in the first 60 days.
Discover It Cash Back–0% intro APR for 15 months on balance transfers.
Wells Fargo Active Cash Card–0% intro APR on Balance Transfers 15 months from account opening on qualifying balance transfers
4) Personal Loan
You can also get a personal loan from $1,000 to $35,000 to find some cash and fund anything you might need: a large purchase, a new business idea, debt or a home renovation. Personalloans.com is one example of a loan application hub and where to find money that is free to apply to dozens of lenders all in one place, safe and convenient.
5) Non-Retirement Account Withdrawals
Consider withdrawing from non-retirement accounts, like a taxable brokerage account ,as a stopgap measure before tapping your retirement accounts.
BE SURE to check on these offers and see if they are still running.
WAIT! $20 NEW OFFER from Stash and FinanceBuzz
Thanks to Finance Buzz and Stash, you can get $20 bonus for the $5 you invest in Stash, an investing app. From the Fine Print: You MUST use the above link to get the bonus. Your account must be open 90 days. Stash DOES have a monthly fee, the lowest of which is $3 a month. Another where to find money idea!
The $3 a month plan includes: a personal investment account, the Stock-Back® Card, and several saving tools. You’ll get individualizes, custom advice geared toward your goals, with a Roth or Traditional retirement account (IRA), and an automated investing account (Smart Portfolio).
And here’s an interesting benefit: You will also receive $1,000 of life insurance coverage through Avibra (only individuals ages 18-54, residents of one of the 50 U.S. states or DC). DO double check on the eligibility requirements, of course.
Want MORE MAKE MONEY IDEAS?
|PERSONAL LOANS starting from $1K… Get connected to a network of lenders… Easy and convenient application…
Disclaimer: All the information provided above and on this site is for informational purposes only and should not be considered as professional investment, legal, or tax advice. You should conduct your own research or consult with a professional financial advisor when investing.