It doesn't take much to get you into financial trouble. The loss of employment, car problems, or even unexpected medical bills can also send your finances into a tailspin. When that happens, you need a way to get out from under the unexpected bills. Unfortunately, it's not always possible to have a savings account for those unexpected emergencies. That's when you need to get creative and find other ways to take care of the expenses. Here are three resources you can use to help get you out from under those financial emergencies.
Sell Your Old Jewelry
If you've got jewelry that you don't wear, you can use it to take care of your financial problems. There are many ways to sell your old jewelry, such as pawn shops, jewelry stores, and private parties. If you can't stand the idea of parting with your jewelry permanently, you might want to consider the first option of going through a pawn shop. They can give you a loan for the value of your jewelry. Look for places that advertise "we buy jewelry." When you're back on your feet, you can go pay off the loan and get your jewelry back. If you're not attached to your jewelry, you can sell it outright to the pawn shop, or to nearby jewelry store. Don't forget to look for private party buyers, as well.
Take Out a Short-Term Loan
If you don't have jewelry to sell, there are still short-term loans that are available for your use. Payday loans allow you to borrow cash against your next payday. All you need to do is provide proof of income, and give them a post-dated check. Your payment will be deducted from your bank account on your next payday. If you're still in need of cash, you can take out another loan. If you own your car, you can also utilize title loans. The loan company will hold the title to your car until the loan is paid off in full.
Let Your Credit Cards Work for You
If you've got credit cards, and they have a cash value, withdraw the cash and use it to pay your financial obligations. Most credit cards have a cash value attached to them, which makes them a valuable asset when times get tight. The good thing about taking out a cash advance on your credit cards is that you'll pay them back through your normal monthly credit card payments.