Life is full of challenges, pitfalls, and roadblocks that at any one time, we must overcome. Some of these challenges will be within your control and some of them won’t be, meaning you need to learn what is going to work for you to help you during a crisis. The worst challenge to face is a financial one, as usually you aren’t just thinking about yourself, but you’re thinking about your family, too. If you find yourself in a financial crisis, the overwhelming feeling of panic can be enough to make you freeze. Fight or flight kicks in and instead of running away, you have to learn to fight.
There are a lot of ways you can get the money together in a crisis, so never feel like you are alone and having to keep yourself afloat without assistance. If you’re off work due to injury or an accident, then contacting a personal injury attorney is the best option as you can see whether you would be due any compensation for the hardship that you’ve had to face. The key here is to be aware of your options and act on them where you can. We’ve put together some of the ways you can get funds to tide you over until things pick up again:
- Family & Friends. No one likes to go to family and friends with their hands out, but sometimes that’s got to be the way if you are too short on cash to manage the food. It’s much better and safer to borrow from your family and people that you know, than a loan shark from a store in the street. You wouldn’t have to worry about your credit rating taking a hit, and you never have to panic about interest, either.
- Payday Loans. If you’re short on family and friends that have the means to pitch in, you can opt for a payday loan. Always be careful when taking out a payday loan, though, as you need to ensure that you can make the repayment next month on time.
- Garage Sales. Not everyone likes to borrow money in a pinch. Call it pride, but borrowing money isn’t always the easy option. Going around the house and having a clear out is a great way to get things moving so you can make a few extra dollars. If you have ornaments and antiques, take these to a dealership ad if you have electronics, going to a second-hand store can be profitable!
- Live Frugally. Above all, if you find yourself without work and without an income, you need to be able to calm your spending so you can manage your day to day expenses once your income is back.
You don’t have to find yourself in a crisis with no help to manage. As long as you know how to research your options, you can ensure that you have a contingency plan for every eventuality. Don’t be left in the lurch when your income slows down!