Last Updated on Apr 14, 2020 by James W
Are you in need of some extra cash at the moment? Are those household bills stacking up and causing issues? Then you should think about using some of the suggestions listed on this page. These ideas are guaranteed to provide you with some extra funds to help you get through the rough times. So, take a moment to read through this post, and then work out which concept will work best for you. Be sure to consider all the options on the table before rushing ahead because you don’t want to do anything that could leave you in a worse position further down the line.
Remortgaging your home
According to experts like those from companies like Altrua and their competitors, most homeowners can apply for a second mortgage on their properties without issue. If you’ve paid the current lease for more than ten years, there is a decent chance that you have a lot of equity tied up in your house. So, you just need to contact a reputable broker and ask them to find the most affordable arrangement available. That should mean you get a lump sum of cash in your bank accounts within only a few days. Hopefully, that should be enough to ensure you can pay your bills and continue to live without threats from debt collectors.
Auctioning your valuables
Lots of people spend their lives collecting artwork, memorabilia, jewellery, and just about anything else of value. If you’re going through a tough time at the moment; you might benefit from placing those items in a specialist auction. Original Star Wars figures still in their packaging sometimes fetch thousands of dollars. So, there is a decent chance that you will manage to raise at least some of the cash you require to get back on track. Just make sure you use niche auction houses where people go to purchase those specific items. That way, you should get the best possible offers for your possessions.
Launching a low-cost business
There are thousands of low-cost business concepts you could try if you want to boost your income this year. While it might take a couple of months to set things up, it’s possible to earn money while you sleep if you choose the right idea. Ideally, you need a concept that will enable you to become a middle-person or offer automated services. That way, you can continue to work your full-time job and boost your income without exerting too much effort. Maybe you could launch a website for freelancers or something similar? That wouldn’t require too much maintenance or upkeep.
You should now have enough ideas to get yourself out of trouble this year. Just bear in mind that sometimes you will have to apply for loans or credit cards while you make the necessary arrangements. However, you can clear the debt once you remortgage your house or get your new operation up and running. Whatever you decide to do during the next twelve months, we wish you the best of luck!