When You Need Cash

by Debbie Vasen | More from this Blogger

29 Nov 2007 09:02 PM

Do you need more cash flow? Well, there are really only three ways to accomplish this. Let's discuss them.

Earn more money. The best ways to earn more are:

• Ask for a raise. Seriously, why not? Think hard about your accomplishments and provide a good case. It doesn't hurt to ask.

• Take on a second job. Seasonal labor is always in demand. You can help a retailer over the holidays or a gardener in the summer. Depending on your skills and time, there are almost limitless options.

• Look for freelance opportunities. Can you "sell" one of your skills, part-time as a consultant? Are you good at writing, sewing or photography? These days, with a little effort almost anyone can find a way to make a little money with a skill or talent.

• Change jobs. Are you making a market rate for your job skills? Do a little research... maybe switching jobs could help you get out of your cash flow problem.

Cut your spending. If you can't bring in more money, then start spending less!

• Analyze your budget, what can you cut?

• Call your accounts - insurance, phone, garbage, etc... what ideas do they have to reduce your bills?

• Visit the frugal blog here on Families for tons of tips on ways to save!

Sell assets. This is usually a last resort, but it can help you get some quick cash.

• Place some items you don't use with good resell value on a website like Craigslist or eBay.

• Have a garage sale - clear out junk and make some cash.

• Dump that car. Even if you still are making payments, if you need the money... loosing an extra car can save you in gas, insurance, maintenance and loans.

• Sell off investments. This should ALWAYS be your last resort... but if you are really strapped for cash, it is an option.

Related Articles:

*How to Save Money on Groceries

*A Financial Planner to Save the Marriage

*5 Simple Ways To Save Money

Learn more about Debbie Vasen

Debbie Vasen is a published web content editor and writer, as well as a freelance writer for various print publications. In addition to blogging at Families.

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