5 Wise and Quick Ways to Get Money During a Financial Emergency

During a financial crisis, changing spending habits or selling your unneeded things can make a difference.

By - Oct 19th, 2020 10:01 am
Photo by Andrea Piacquadio from Pexels.

Photo by Andrea Piacquadio from Pexels.

One of the things that can derail your finances is an emergency. You think that you are doing fine and on your way towards achieving your financial goals when suddenly, you get sick, your car breaks down, or the heater stops working. And, worse, you have failed to set aside extra cash for such expenditures. These unexpected problems will put you back in crisis mode.

But, there are ways to earn extra cash for an emergency. It might be daunting at first, but you’ll have to keep in mind that getting ahead of your finances is always worth it. These are some practical and wise ways to earn money and pay for an emergency crisis.

Sell Something

One of the best things to do when facing a financial crisis is selling or getting rid of stuff you don’t need or can’t afford.

You can start by collecting unopened products lying inside your house. Most stores refund sealed products as part of their store policy, so try returning unopened products that you find unnecessary. You’ll probably receive a full refund for the item.

You should also check your cupboards for unused appliances or your garage for discarded furniture. The general rule is, if you haven’t used an item for a month, it will just probably collect dust inside your house, so during the financial crisis, try to sell these items to profit from them before they become unusable or broken.

Don’t forget to check your closet for unused clothes or shoes, because you can also turn your second-hand clothes into some extra cash online. It is also an effective way to free up some space and clean out while earning additional funds.

Get a Second Job

Getting another job is also an effective way to earn extra money. It doesn’t have to be your dream job, especially if you are already struggling to make ends meet.

The hard truth is, there’s no mismatched job for a person who’s in a financial crisis.  All you need is the right goal and the right mindset, and you’ll land a part-time job when you’re already employed full time.

You can try small job offers as a side hustle like a delivery guy, house cleaner, pet sitting, babysitting, or secretarial positions.

You can find offers in a newspaper’s classified section or on Craigslist. Jobs offers may be hard to come by, but keep in mind that there will always be jobs for hardworking individuals willing to do anything.

Cut Your Grocery Bill in Half

It would help if you cut your everyday expenses.  Keep these few tricks in mind when grocery shopping, and you can drastically save a few cash at the checkout line.

You can start by buying items from the bulk bins. Things like coffee, oats, and spices are cheaper per unit, so it’s wise to buy them in bulk. You should also avoid purchasing big-brand items and stockpile items at their lowest price.

You can also check the sale counter and use coupons, but keep in mind to compare prices per unit to double-check if there’s a savings.

Meal planning is also essential if you want to save a few bucks. It will allow you to plan out a menu based on the affordability and availability of the produce. Make a list according to the recipes you plan and only buy what you’re going to use immediately.

Go on a Spending Freeze

Any unnecessary spending will only worsen your finances. You should know when to stop, especially if you are committed to saving and coping with a crisis.

You can resist any temptation by teaming up with friends that have the same goals as you. You can hold each other accountable, and you’ll have someone to remind you of your intentions.

One thing you can avoid is getting fast food meals and eating out because although these meals seem to be cheap, it can still add up to a lot more than you would pay if you eat at home.

You can also try cutting your Starbucks orders and opt for a brewed coffee at home. You’ll be surprised by how much you can save from your daily coffee expenses.

You can also cut expenses by skipping vacations, cancelling subscriptions, or watching your utility charges.

Get an Emergency Loan

When you’re facing a financial crisis, getting quick access to money is crucial. If you have tried all the options above, yet you’re still short with your funds; then, obtaining an emergency loan is your best option.

An emergency loan can come from personal loans, cash advance loans, or payday loans. If you’re considering these options, it’s essential to know how they work and find the most versatile option.

To ensure that you are not harming your finances further when taking an emergency loan, always assess your financial situation first. Then, do enough research about the loan provider. Once you have a preferred lender in mind, ask questions and demand transparency.


Surpassing a crisis might feel difficult or even impossible, but with the right mindset, you might be amazed at how rapidly you can be on your feet again. Your efforts can also help you achieve stable finances and safeguard you and your loved ones.

Categories: Sponsored Content

Leave a Reply

You must be an Urban Milwaukee member to leave a comment. Membership, which includes a host of perks, including an ad-free website, tickets to marquee events like Summerfest, the Wisconsin State Fair and the Florentine Opera, a better photo browser and access to members-only, behind-the-scenes tours, starts at $9/month. Learn more.

Join now and cancel anytime.

If you are an existing member, sign-in to leave a comment.

Have questions? Need to report an error? Contact Us