No one wants to hear that a good chunk of New Mexico residents probably doesn’t have enough to cover a $500 emergency, just like the rest of the nation. The following are a few quick tips to help you get out of an unexpected financial emergency.
Pawn or Sell
One great thing about New Mexico is there’s bound to be at least one good pawn shop near you. No one wants to get rid of their stuff, especially if their stuff is precious or meaningful, but you’re in a bind. A pawn shop should be able to offer you a good amount of cash for some of your belongings. If you only need the emergency cash for a bit and have the means to get money after your emergency, then you should be able to buy back your stuff from the pawnshop.
Getting a Loan
If you can’t pawn your stuff, then it may be a good idea to explore installment or other types of loans for New Mexico residents and those in several other states can access online. This is a good solution you have access to from the comfort of your home. Most of the time, these loans are approved relatively quickly, so you should be able to take care of whatever emergency you are dealing with. Try to pay attention to the details of the loan so that you know what to expect.
Family and Friends
Most people don’t want to turn to family or friends in their time of need, but sometimes, this must be done. If you find yourself with no other solution, then you might have to give a family member or friend a call. Try to gauge each person’s financial situation before asking, and make sure you come up with a plan to pay them back. Friends or family members may want to help you, but that doesn’t mean they don’t need the cash themselves. Try to be understanding; give them a reason to feel secure in this loan by making sure you have a payback plan.
Science and Your Body
This one might be a little strange for some, but if you need cash, this is definitely one way to get some money. What you’re going to be doing is selling a part of your body for science. The part you’ll be selling is really up to you and what you are qualified to sell. For example, you can sell your plasma for science. You’ll have to contact one of the organizations that accept these types of donations and see if you qualify. Normally, to qualify, you need to be healthy, so keep that in mind.
Try a Quick Gig
The next thing you can do to make some quick money is to take on a gig. The good thing is there’s a lot of ways to do that nowadays. You could simply go online and look for a gig there. If you have a car, you can offer rides to others for cash. If you have an empty room or a room you don’t use often, you can rent it out. Those who are willing to do a little manual labor can offer their services online or even in person, especially if you have specific skills like plumbing or construction.
These are just some things you can do to get some extra cash. You should also consider reaching out to your community centers as they might have additional resources for you in your time of need.
