Wouldn’t it be nice if none of us ever had financial woes? If we always had enough money to do whatever we wanted to do? Well that’s just not the way life goes unfortunately. Who among us hasn’t run out of money at an inopportune moment? Or had our credit card declined? Or had nothing left to eat?
Things happen, which is why over the years we have come up with a few hacks to ensure that when they do we are able to wiggle ourselves out of them as quickly as possible. Not one to keep great solutions from our readers, we wanted to pass them on!
1. You’ve borrowed money from a friend and there’s no way you can pay it back
So you borrowed money from a friend the last time you were in a cash pinch, and now you desperately need to pay it back (or risk the friendship)? Survey Junkie is one of the very best options for these moments.
They have tons high paying surveys available from recognizable household names. Best of all, the cash out threshold is just $10 (1,000 points) so it’s easy to always have money coming in quickly. That extra cash can be huge if your budget is feeling a little tight.
With Survey Junkie you’ll have enough to pay back a friend in no time
2. The rent is due and you have no way to pay it
Sometimes it feels like your bank is out to get you with all the overdraft and service fees they tack on. Your bank is supposed to protect your money, not eat it.
What if you had a bank that helped you through your sticky money situations, rather than hurt you when they happen?
Chime is a mobile bank which guarantees it will never charge its customers a single fee. Say good-bye to overdraft fees, minimum balance fees, service fees, foreign transaction fees, and transfer fees forever when you move this bank.
A huge benefit of Chime is that it allows you to receive your paycheck a full two days early. For those times when you are in need of extra money in a pinch (say, paying rent), those two days can make all the difference.
3. You don’t have any food left in your fridge
Who hasn’t at the end of the month run out of money and been stuck eating Ramen for a few days? We have a little hack for dealing with the end of month grocery woes: Ibotta.
Ibotta happens to be our favorite app to use to get grocery store cash back and coupon options all in one place. Simply sign-up for Ibotta and then find the offers on the products you want. Then just go to the store and buy them, making sure to save your receipt. That’s when you’re going to want to scan your receipt with the Ibotta app so you can get cash back within 48 hours.
When you are low on money even a discount isn’t going to help much, which is why they key is to make sure to check offers from the Dollar General. Since the store is a dollar store, if you have an offer for $1 cash back on frozen pizza, you are pretty much getting it for free.
Budgeting on groceries has never been easier and when you sign up for Ibotta and you can even end up eating for free!
4. You don’t have has as much money saved as your friends do
We know, you shouldn’t compare your financial situation to that your friends, but it’s hard not to! When you’ve been earning relatively the same amount as a friend for roughly the same amount of time, but they’ve managed to save a lot, and you have nothing to show for it? Well, it can be difficult.
One hack that we swear by to correct this is the by using the savings app Digit.
Set a savings goal via Digit and the app will work behind the scenes pulling out money incrementally from your checking account so you can reach your goal. In other words, you won’t even miss the money.
Set a starting goal of putting aside $5 a day for the next year. Before you know it, you’ll have a nest egg of $1,825. Digit even throws in a 1% savings bonus for every three-months of savings, so you might even reach your goal ahead of schedule.
5. Your credit card just got declined
It’s happened to pretty much all of us–you walk up to buy something at a store or you are picking up a tab at a restaurant, you hand over you credit card–and it get’s declined.
Take it as a wake up call and make sure that it never happens again.
One way to do that is to consider a personal loan to get out of credit card debt quickly. With a low interest personal loan you’ll be able to quickly pay off your high interest credit card debt. In the long run, this simple decision could save you a ton in fees and set you on a debt free path quickly.
Fiona is a free service that allows you to compare lenders quickly and get matched with the best personal loan to fit your needs. Fiona offers loans between $1,000 and $100,000 and with interest rates that start at 4.99%, you might be eligible for loan with an interest rate that is markedly lower than that of your credit card.
6. The electricity company is going to turn your lights out any second
Sometimes you just need some extra cash in a pinch, like, say they are about to turn your lights out.
InboxDollars is an online rewards club that pays you actual cash to complete various activities online, anything from taking surveys, to playing games, to watching videos and more.
There’s even a $5 sign-up bonus so you’ll have money in your account before you know it. You won’t make a fortune, but you’ll make enough to get some extra cash in a pinch.