Quick Cash Strategies

Sometimes you need cash quickly. Whether this is extra cash to pay for a bill that you weren’t expecting, a purchase that you can’t pass up, or you have just found yourself running short on funds. Whatever your reasons are for searching for ways to get extra cash quickly, you might find that the following tips could help.

Negotiate with service providers

When money is tight, you may be able to speak with service providers – such as phone/internet providers for example – and ask for an extension on your bill due date. This can help to temporarily free up a little extra capital to divert elsewhere when required. While this is not a permanent solution, and you will still need to pay this amount at a later date, it can be one short term strategy to consider.

Access your emergency savings

If you have an emergency savings account dedicated to handling unexpected expenses, this might be the time to withdraw from that. If you are yet to set up a backup savings account intended to offer up spare cash that can be accessed quickly when required, then check out our blog on starting a budget and setting up an initial goal of emergency savings.

Earn quick cash

Perhaps you are able to pick up a little extra work on the weekend or sell some unwanted items around your home. Offering services such as general labour, maintenance, gardening etc. is an option you might be in the position to undertake. Another alternative if you are requiring financial assistance quickly is to ask friends/family if they are in a position to lend you money temporarily, to be repaid at a later date. For those receiving Australian government benefits, it’s also possible to request a cash advance in some circumstances.

Tweak your budget

It might be possible to defer, reduce, or eliminate some expenses from your regular recurring bills or incidental spending. This might help you to free up a little extra cash for the month. A quick look at subscriptions that could be cancelled, spending money, and swapping to alternative service providers that offer lower rates are some strategies that might be of assistance.

If you need help setting up a budget, or would like to speak to a professional for financial advice, you can access free resources and financial counselling at moneysmart.gov.au

Cash loans

In the event that you have exhausted all other options, and would like to opt for a payday loan, otherwise known as a cash loan, it’s important to carefully consider the terms and conditions, fees, and repayments. The more information you have, the better informed your decision making can be.

Cash Today offer cash loans for emergency situations where other avenues for receiving quick cash are not viable. You will need to be able to show proof of regular income from paid employment as well as meet our other strict lending criteria. You can read more about our cash loans here.

If you are not currently employed full time, are receiving government payments such as Centrelink, or would like a no credit check cash loan, you can view our infographic for determining your chances of being approved for a loan here.

Find out more about our loans by reading our frequently asked questions section.