Cash in a Crisis: 7 Ways to Ensure You’ll Never be Without Money

Ah, money. The great leveller. No matter how much of it you have, it’s never enough. No matter how well paid your job may be or how modest your lifestyle, in an uncertain economic climate, it can seem as though financial hardship is never more than a missed paycheck away. Whether you work for yourself, own your own business or are in a salaried job, whether you are single or married, whether you live alone or cohabit the chances are at some point you will find yourself having some sort of money troubles. You might find yourself struck with an unexpected bill, you might experience car trouble, you might have to bail out a friend, family member or loved one. Your employer could make you redundant or you might get lost in the shuffle of a corporate restructuring.

The fact is that none of us can predict what the future will hold for us or our finances. And in order to insulate yourself from long term risk, it’s important to be prepared. Here are some ways to ensure that when crisis strikes, you’ll never be without cash…

Know what not to do

Perhaps the most effective thing you can do to avoid financial crisis is to know which actions will make the situation work. Predatory payday lenders may seem like the perfect solution to your financial problems in a time of crisis but their exorbitant interest rates can cause you to get stuck in a quagmire of debt from which you may find that there is no recovery. While some countries and territories have put legislation in place to prevent pay day loan companies from using predatory or unethical lending practices they can still cause debts that can create more problems than they solve.

Get serious about saving

Most of us have at least some sort of savings account. But do we use them?… probably not as much as we should. Your parents may well have taught you that 10% of every paycheck you receive should go into your savings. But in an era where the cost of living seems to rise dramatically each year and yet our wages remain the same, this isn’t always feasible.

However, even if times are lean when it comes to your finances, that’s no reason not to at least put something away every month. Can’t do 10%? No problem, but 5% in and increase it to 15% when your finances are looking more stable.

And if you’ve been using the same high street savings account since you were a kid, perhaps you need to find an account that works harder for you. Here are some of the best interest rates from all over the world.

But remember, even a good savings account can only work for you if you actually use it. So be sure to put something aside every month.

Cling to your collectibles!

None of us collects collectibles because we intend to sell them. They bring us pleasure and joy even if all they do is sit on a shelf. However, cling to them and keep them in the best possible condition and you may find that they prove a reliable safety net if you fall upon hard times. You never know what might be worth big money in the future. Think of all those kids who bought Star Wars figures in the early ‘80s and would now be sitting on goldmines if they took better care of their toys. Even something as quotidian as Pop Vinyls can be worth a small fortune. Check out this list of the most valuable Funko Pops!

Always know the value of your home

Okay, so selling your home is a very extreme option, but it always pays to know the value of your home, so make sure you stay in touch with a reliable real estate agent like The Hupman Group. Remember that selling your property isn’t the only way in which you can make money from it. In fact, when you own your own property, you always have a high-value asset. You can release some of the equity on your property by remortgaging, or simply let out your spare room on Air BnB or your local equivalent. If you have a home, you always have options.

Every day I’m side hustling

Remember that your income needn’t necessarily be dictated by your day job. In fact, there are many ways in which you can make money in your free time with a side hustle. No matter what your circumstances, education or areas of expertise, there’s an excellent chance you can find a side hustle that suits you.

Of course, your attention and energy will be limited after a long, hard day’s work which is why it’s so important that your side hustle stem from something that you enjoy and / or are passionate about. From writing blog posts about your favourite music to walking the neighbourhood dogs in the evening, there’s no shortage of ways in which you can get paid for doing things you enjoy. And who knows? Your side hustle may find success and snowball into an opportunity for full-time entrepreneurship helping you to break through the glass ceiling that your employer has placed on your wages.

If you must borrow, borrow smart!

This post isn’t hear to say that you should neither a lender nor a borrower be… but if you have no means of recourse but to borrow, don’t let panic push you into poor borrowing decisions. Even if you don’t have the best credit, you can still borrow smart by choosing low interest loans and credit cards. Use a credit checker like Experian to determine your credit score and find the best deals.

Remember that little changes can make a huge difference!

Finally, remember that little things can make a big difference when it comes to saving money and keeping financial crisis at bay. Bringing a thermos of your own coffee rather than stopping into Starbucks to get through a rough Monday morning. Packing your own lunch instead of being tempted by local restaurants and fast-food outlets. Walking or cycling instead of treating yourself to a taxi. The little bit you are able to save here and there adds up to a lot by the end of the month!

Dealing With The Scary Money Matters

How do you feel about your money? Do you think you’re earning enough? Do you think you have enough stowed away in your bank account? Do you think you’re working with the right budget for your household and lifestyle? Do you think you should try investing, to pad out your savings a little bit more?

And are you tying yourself up in knots over the worry your money gives you? Is there a longing inside you to make a bit more, but you don’t know how to go about it? After all, an emergency can strike at any time, and who knows if you’ll be prepared for it.

So, your financial wellbeing is something you probably constantly worry about, seeing as money is the foundation of everything. You save as much of it as you can, and from time to time, you can even feel guilty about spending just a few pennies on some much needed groceries!

Money can be scary, there’s no doubt about that. So let’s go through some of the most scary matters that money can put you through, seeing as they affect most of us at some point in our lives. The more you know, the better off you’ll be.

Income is Rarely Secure

Your income is probably mostly reliant on the job you have. You might love your job, you might not, but there’s no doubt it’s the best way to pay the bills! It offers the biggest lump sum at the end of the month, and it’s something that keeps on paying month after month. There’s quite a few side hustles out there that don’t offer the same kind of longevity.

But what if you lack a bit of job security? A lot of people feel like they can be fired at any moment, and that they daren’t not ask for vacation time, even when they’re owed it. What if you have little to no union options? What if you get a pay cut, out of nowhere? What if your working environment is getting a little bit toxic or choppy? All of these factors adding up can make you very worried about the security of your income stream. Even when you’ve got your finger in many pies, it can be hard to subsidize five different sources of revenue with the one source that pays you the most.

So, even if you do have a side hustle, there’s a good chance it doesn’t pay nearly as well as your main job. There’s also a good chance it took a lot longer to set up, and to start paying out to you! Who knows if you’ll have the financial security, in the future, to do the same thing with another side source of income? If you don’t have a job to fall back on, will you be able to take the time to ensure a monetized blog or an investment portfolio will pay off?

Sometimes You’ll Need a Lawyer

Lawyers are a big deal when it comes to money, and they’re definitely a good line of defence against the institutions and corporations that turn money into a very scary matter. If you’re being accused of tax fraud, or you’ve been shortchanged in they pay you’re owed (and your employer just won’t give it to you!), a lawyer’s office is going to be the best option to reach out to.

But that in itself is scary. If a lawyer needs to get involved, we automatically think of large fines and prison time, and that’s enough to scare off and silence most of us. We think it’s not worth the time and energy to take a money matter to court, even if it’s a small claims case. And that’s because we don’t know enough about the legal side of our finances!

The crux of it is that lawyers themselves cost a pretty penny, and when you don’t have the money to send their way, to enlist their very helpful services, you get stuck! Even when you know you could be due a payout from a tax company, or the government system that deals with relief or benefits, you might need to reach out to a lawyer to ensure you’re paid your dues. It can be a complicated matter unto itself, so companies like mahanyertl.com exist to tell you more about this.

And Who Can Afford to Save?

Saving your money can seem like a pipe dream in the modern day and age. Many things are far too expensive to buy on a regular basis, and too many of us are dealing with a wage gap that hasn’t evolved since the 70s. Anyone who doesn’t work for themselves at the head of a giant corporation, or who hasn’t been working in their job position for at least 15 years now, can suffer at the hands of the job market. It’s these people who don’t have enough money in the bank, because they’re simply not paid enough to be able to put money away!

So, it comes down to some serious budgeting. The less you can spend on weekly expenses like bills and groceries, the more you can put away for a rainy day. And seeing as they’re cropping up more and more, it’s a good idea to stay in for the night, and put the money required for restaurants and nightclubs into a saving account. After all, it’s often a lot more beneficial to save for a proper vacation at the end of the year, compared to forking out for just one night of fun.

How Scary is Money For You?

Money can get very scary, we all know this. The more we spend, the worse we can feel, even if we’re satisfied in the moment! And often enough, it’s not our fault that our savings account doesn’t outrank our checking account.

So make sure you’re aware of the reasons why, and what makes money scary most of all. Remember, it’s much better to be in the know!

Using Your Money To Make More Money

People put huge amounts of time into working in the modern world. As the reward for your toil, you will be given a paycheck each month which you have to live on, with all of your food, clothing, and other essentials being drawn from the pot. Alongside the purchases you need to make, though, most people also like to make sure that they are saving as much as they can. To make your earnings go even further, this post will be exploring the work which can go into using the money you have to make even more of the stuff.

Online Investments

Over the last few years, online investments have become far more accessible than they used to be. With improvements to the technology which drives these systems, loads has changed which has made them far more useful to normal people. To take advantage of something like this, you need to be willing to put some time into learning about it. Once you find a good automated trading system, it will be worth spending some time to get to grips with the way that a market like this works.

Setting Up Shop

One of the key elements which have made websites like eBay so successful is the fact that they give normal users the ability to sell as if they have their own online store. By simply buying some cheap items from a country like China, you can start to sell at a rate which will earn you a surprising profit. Taking full advantage of this is easy, especially if you’re willing to spend a little bit of money in the process.

Peer Lending

When a business needs money in the modern world, the options which they have available are far more varied than those found in the past. As one of the key standouts in this, though, is a rather simple idea; groups of people contributing to a large loan. If you have some money lying around, peer lending can give you the chance to lend it to a company, offering the same return that a bank would get from action like this.

Better Banks

Finally, as the last area to consider, it’s time to think about action which can be taken by those who would prefer to keep their money safe above all else. Banks will always offer differing rates on the accounts which they have available. Some will be higher than others, and this means that you can often find a much better deal if you’re willing to switch. Most financial companies have simple systems in place which are designed to make a process like this easier.

With all of this in mind, you should be feeling ready to take on the challenge of making more money out of the money you already have. With the amount of people looking towards this sort of goal in the modern world, there are loads of resources available to help you out, and getting stuck into research shouldn’t be too hard.

Here’s How You Make Money Without Having to Leave the House

If you want to make money without having to leave the house, then this is very easy to do. It doesn’t take long, and you would be surprised at how easy it is for you to really make a steady income on the side.

Sell Online

One thing that you can do is sell your valuables online. This is a great way for you to make some quick cash. Sure, you may be tempted to have a yard sale so that you don’t have to bother taking pictures, but you should avoid this if possible. The main reason for this is because when you sell products online, you will soon find that they fetch a much higher price. You can also target buyers across the world as well.

Investing

If you have never tried your hand at investing before then now is the perfect time to try. There are so many different types of investment out there for you to try and take advantage of, not to mention that some are more lucrative when compared to others. When you are able to find the right one for you, you will soon find that it’s a great way to make money and you don’t even have to leave the house either. If you want to get some help starting out with your investment then why not start by trying to learn about Ripple, or even try and look into stocks.

Used Books

Believe it or not, there are tons of sites out there that can help you to sell your used books. You would get way less if you sold them to a bookstore so it’s worth taking this into consideration. This is especially the case if you have some special editions or even some limited edition/signed copies. It doesn’t take long for you to put your books online and when you have created an online account with the site of your choosing, you will soon find that the whole process becomes much easier.

Direct Marketing

There are so many businesses out there who are looking for direct marketing. You could even work in affiliate sales if you want. When you do this, you sell products on behalf of other companies and you take a portion of the profit. The best thing about this is that you can do it all online and you can also feel confident knowing that the more you sell, the more you’ll make!

DIY

Are you really good at making things? If you are then you could make a good amount of money by creating an online storefront for your crafts. This won’t take long at all and you can do it all in your own time. You may soon find that there is a demand for what you do and the best thing about it is that nobody else can compete. You are completely unique in the way that you create things, and this can really help you to create your own lucrative business opportunity.