Nov 23, 2008
Six Actual Ways for Real People in a Cash Crunch to Make a Little Cash that Don't Involve Giving up the Cleaning Lady they Already Don't Have
While reading AOL's headlines today I came across the stupidest article I've read all day about people having a cash crunch and how to get fast cash. Mary Beth Franklin, Senior Editor and Stacy Rapacon, Reporter of Kiplinger.com live in a little golden bubble where they can just sell some stocks or take out a loan on their margins to pay bills. They also suggest we take out a home equity loan (how can they possibly not be reading the financial news and know that this is how we got where we are now?!), get another credit card with those blank checks you get in the mail (no I'm not even kidding) and borrow from our 401K, Roth IRA and our life insurance.
I don't know about you, but most people I know in a cash crunch already lost their house in the home loan crisis and or have been laid off from their job and would laugh in your face if you said to them "Just cash in some of your investments" as that '93 Cavalier is the only thing they've been able to invest in for the past 18 months. I've read enough articles about how we should just stop getting those daily lattes or cut out the pedicure and just get the manicure instead, so many I could barf. Ok, so here it is, real advice from a real person on how to get money to keep the heat/electric/water on and gas in the tank.
1. Give Plasma, it only takes a little bit of time, you're doing a good thing and it can pay alot. In Rockford it's $50.00! You can do it once a week.
2. E-bay outgrown kids clothes. One big lot usually goes well, you could pick up $30.00-$50.00 a lot. You usually get the best price after you wash everything thoroughly, mend any bits, get all the lint/pilling off (use a disposable razor and literally shave the clothing... no I'm not kidding), iron it, match up socks and take pretty pictures with lots of sunlight. Write a stellar and honest description and offer to ship fast. - No kids? That's ok, look around the house and e-bay something! We all have junk we don't need anymore. Or offer to do all the labor of e-baying for someone and you take a %.
4. Recycle! Turn those cans in. $10.00 can get you enough gas to get to an interview!
5. Freecycle! Free stuff exchange. This is recycling at it's best.
6. Offer to clean your Mom's/Aunt's/Grandma's house. Mother's are always suckers for their kids offering to do chores for them. I mean really $30.00 to do the kitchen and the bathroom - heck yeah! You might also offer to clean out the garage/basement/attic and e-bay their junk for them for a % of the selling price.
I didn't address saving money in my list of 6, cause there are gobs of ways and anyone in the position of deciding between paying the heat or the electric right now already knows how to by generic noodles and shop second hand (I hope.) So what else can you think of internet? How can real people make/save cash?