20 Ways to Find Money Now

Finding extra money to help reduce your debt can be a challenge. We have tried everything from selling items at garage sales to selling gold jewelry. There is always something you can do to cut back and find extra cash.

While working on the grocery portion of our budget, we had determined that we were buying too much milk every week. It would either go to waste or we were guzzling it down before it went bad. So, we decided to to buy a gallon less every week. By doing this we save $3 a week. You might say," Wow! A whole three dollars." But, actually that adds up to be $12 a month. Now imagine finding ten ways to cut back $3 a week. That would add up to $120 a month. Would $120 a month make a difference in your life?

Here's 20 quick ways to raise or save cash fast:

1. Sell your investments.
2. Sell assets, like a boat, coin collection, second car, the previously mentioned jewelry, etc.
3. Seek a reduction in your child support obligations.
4. Use your tax refund or alimony payment.
5. Transfer your credit card balances to a card with a low interest rate. (I am putting a ban on credit cards and it may be hard to get a card these days, but give it a shot).
6. If your credit card company charges an annual fee see if you can get it waived.
7. Get rid of overdraft protection on your bank accounts. This just gives you a reason to overdraw your account.
8. Destroy any checks you are given by your credit card company. Interest on cash advance checks will make it harder to pay off your debt.
9. Always make ATM withdrawals at your banks ATM. Making withdrawals at other banks we cause you to pay additional fees.
10. This one CAN hurt your your credit score, but if you are tempted to spend more than you make, canceling your credit cards may be the way to go.
11. Increase the number of dependents you claim on your W-2 forms (Watch out! This could cause you to owe on your taxes at the end of the year).   
12. Learn how to start a budget and stay with it.
13. See if you qualify for assistance from a local food bank or other charity.
14. Keep your extra cash in a money market where you can earn extra interest.
15. Apply for public assistance if you lose your job or are disabled. This money may not be enough to pay all your expenses, but it will at least put food on your table.
16. Do not take cash advances on your credit cards. This is just a high interest loan.
17. Raise the deductible on you car insurance or reduce the amount of coverage you have.
18. Block texting on you cell phone. Texting can really add to your cell phone bill.
19. Cancel your cable service, or reduce the number of premium channels you pay for.
20. Sell things on Ebay or on Craigslist.    

This is just the tip of the iceberg. Once you get started with these tips, finding cash will begin to snowball.

(photo via The Smarter Wallet)

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