Need Cash Now? Here are 7 Ways to Make Money for Rent ASAP

pile of US dollar bills and coins

Are you struggling to make ends meet? Did this month's rent sneak up on you even though you usually do well at keeping up with payments?

Whatever your financial situation is, you likely experience moments of financial stress from time to time. It's a reality that many people live with, but not everyone knows how to handle.

Luckily, there are plenty of savvy money management tips you can use to earn more and save more whenever you need money for rent, to pay off debt, or to start saving for something else. For such moments you find yourself in a tight financial jam and need money right away, use the seven tips listed below.

1. Sell What You Don't Use

Go through your closet and make a pile of the clothes you don't wear anymore. Take a look around your home and identify what you could do without if need be. 

Chances are, you have a lot more things of value to sell than you think. All you have to do is put in the time to really think about how often you utilize everything you own. Then, figure out how you want to sell the items you've picked out. 

You may choose to sell your clothes/furniture via social media, on a niche re-sell site, or by hosting an old-fashioned yard sale. Whatever means you choose, try to price each item fairly.

This will help you speed up the sales process but also get a good amount of money for your efforts. Asking for a value that's too high will turn potential buyers away, while one that is too low can undercut your potential earnings.

2. Sell Unused Gift Cards

Selling what you don't need isn't limited to clothes and furniture. You may choose to sell some other things of value - like gently used home appliances (or those still in the box) or even unused gift cards. 

Whether you have a gift card for clothes, groceries, sports equipment, music and entertainment, or something more open-ended like an Amazon gift card, there's bound to be someone who is happy to take that gift card off your hands.

Even if it's a gift card you were hoping to use, take a moment to consider all of your financial needs. From this perspective, rent is usually the most immediate and serious need. 

3. Return Something

Another way to make fast money for rent is to return something. Again, clothes and furniture may be front of mind when considering this money-making tip, but there are more things you can sell. These include:

  • Gently used electronics and home appliances
  • Unused subscriptions
  • Books in good condition

Don't forget about the most recent purchases you've made, either. With so much shopping happening online these days, you may be able to make a return and see funds back in your bank account before that new dress or random desk accessory makes it to your doorstep.

4. Apply for a Payday Loan

The next thing you can do is apply for a payday loan, which is basically a cash advance. Payday loans are small, manageable loans intended to help people make ends meet without giving them even more debt than they already have. This debt is easy to manage and often gets paid off quickly while individuals keep up with their most pressing financial responsibilities. 

You can apply for payday loans online or in a brick and mortar lending location.

5. Work Odd Jobs 

One of the best ways to make more money - whether you're in a jam or not - is to better invest your time. If you 9-5 isn't enough to live with, it might be time to get a second job.

This can be anything from waiting tables or bartending to fixing cars or mowing lawns. If it's available to you, choose an odd job that feeds your interests and contrasts your day job. This will allow you to enjoy it for more than just the extra income. 

While you're looking for that ideal second job, work any job that becomes available to you. Babysit, dog walk, clean homes, do yard work, do laundry - the list goes on. You'd be surprised how many odd jobs/errands people are willing to pay others to do, and how quickly these gigs can add up to equal the rent money you need. 

6. Cut Your Spending

If you've tried all of the things on this list so far and you still come up short, look at your spending. Particularly, between now and when your rent is actually due. 

Cut as much spending as you can. Cook at home for the next few days instead of eating out. Skip your morning or afternoon coffee purchase. See if a friend is able to give you a ride to work. Such savings may not be much, but they still contribute to help you reach the goal of paying your rent on time. 

Plus, long-term, cutting your spending can help ensure that you don't end up in a similar situation again. 

7. Earn Cash Back 

The final way to make extra money for rent is to earn cash back. You can do this with credit card points and via money management apps like Acorns, Ibotta, Honey, Paribus, and Swagbucks. 

These are just a few of the many, many tech-savvy systems available to help every day people make a little more money in a simple, stress-free manner. Acorns set up a personal savings and investing account. Ibotta gives you cash back from multiple vendors after you make a purchase. Honey allows you to save money on online purchases and earn cash back. 

No matter which tool you use, the goal is still the same - to save money and make money in order to better pay rent each month (and other bills). 

How to Better Save Money for Rent

It's one thing to figure out how to make money for rent when you're in a jam, but it's even better to create better saving habits. These will create better financial stability for you long-term. They will help you understand your income and expenses, and better utilize the funds you have for the things you absolutely need. 

This will result in less financial stress, more confidence in your ability to handle money, and more happiness in your life as a whole. For money-saving tips and tricks to start applying to next month's rent and beyond, click here.

 

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