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First, let’s get your loan quote, but Is $550 enough?
Paying Back Your $550 Loan
Hopefully you have been able to get approved for your emergency loan. If so, we have some surprisingly simple ways to pay back this loan. You can also use these tips to get the money to avoid a loan, if you have the time to wait of course. Take a look at some time proven ways to make extra money.
1) Make A Donation
Plasma has and probably always will be a great way to make extra money while doing a good thing. The only catch is that you need to be good with a needle. If you can get over the idea of getting “stuck” though, you can make some good money. How much? As much as 900 dollars in your first month.
This amount assumes that you are truly committed to making plasma donations though. To earn this much you will have to donate twice a week and take advantage of first time donor bonuses.
Luckily, giving plasma is not the same as giving blood. During the process, your red blood cells will be returned to you and that means you do not get a light headed feeling. In short, giving plasma does not have the same physical drain as giving whole blood does.
2) Collect Some Scrap Metal
You might be amazed at just how much scrap metal is worth. Depending on the type of metal, it could yield 2 to 3 dollars a pound. The reason for this is simple, it takes less energy to recycle metal than it does to mine and produce new metal.
When you look at the potential per pound payout and realize just how heavy metal is, you can see that there is potential to make some pretty good money. The trick is finding the metal, but it is not so complicated of a trick.
To find metal to recycle, simply drive around neighborhoods on trash pickup day. People put recyclable metal at the curb and you can profit off of it. As long as you do not make a mess, most people have no problem with you taking some pieces of scrap.
Recycling metal is another one of those money earning hacks that does a good thing at the same time. You earn money and you keep tons of metal out of the trash dump. It is something that will allow you to earn the 550 dollars that you need while looking out for the earth.
3) Walk Dogs
Walking dogs can make you money? Yes and more money than you might realize if you go about it the right way.
If you have never heard of the Rover website, you need to check it out. It matches dog sitters and walkers to dog owners. While the dog sitting might be a bit of an ordeal for the average person, walking dogs is easy work for a dog lover. Walkers generally make as little as 15 dollars a walk to as much as 30 dollars. The amount you make depends on the area you are in and your reviews.
To start making some of the 550 dollars you need to pay back your loan, sign up for the service and start low. Starting low will get you more business and allow you to build up some solid reviews. Once the reviews start flowing in, you can then start raising your prices and become the cream of the corp of dog walkers.
The great thing about dog walking is that it can help you get the money you need to pay your loan back now and it can help you keep earning in the future. Pay off your loan and then start diverting your extra dog walking money into an emergency savings, ideally one that will allow you to avoid emergency loans in the future.
4) Get A Sign On Bonus
Who doesn’t like free money? If you need 550 dollars to pay off a loan, pursuing a sign on bonus may get you the money you need and increase your overall income.
Companies these days are hurting for employees. To attract employees, they are offering potentially huge sign on bonuses. It is not uncommon for unskilled positions to pay sign on bonuses of 500 dollars or more. If you work in a skilled position, you could end up with thousands of dollars.
As an added bonus, your wages will likely increase as well. That could give you the money that you need to balance your budget and prevent these unexpected money problems in the future.
5) Have A Yard Sale
Who doesn’t have a bunch of junk to sell? Take all of this junk and use it to make money the American way, with a huge yard sale.
Throwing a yard sale is much easier than you might think, but putting in some work will pay. The first thing that you need to do is make sure that yard or garage sales are permitted. If you are in an HOA, check with your association to avoid getting fined. If you do not live in an HOA or sales are acceptable, you will also need to check with the city you live in. Some cities will require permits to throw a sale.
Once all of the legal arrangements have been made, your next step is advertising. Post your garage sale intentions on social media and then make a bunch of signs, the more the better. If nobody can find the sale, there is no reason to throw it, so leave nothing to chance.
Finally, spend a few hours the night before your sale organizing your merchandise and cleaning it up. If you show it a bit of love, people will be more likely to see the value in it.
To Sum It Up
As you can see, there are a lot of ways to come up with money when you need it. Use these options to pay back your loan or to solve your money problem altogether. In either case, you can also use these ideas to build an emergency savings after your money problem is handled. We all get into money problems from time to time and we can grow as people if we learn from them.
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