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Budgeting Money

How to Make 200 Dollars Fast

Problem: The bills are due for the month and you don’t have the cash to pay them. You need to know how to make 200 Dollars fast.

Having enough money can be a challenge for anyone these days. Life is expensive and it can be difficult to earn enough money. Many companies have laid off workers and jobs are becoming more scarce. As a result, young people are entering the work force and finding it difficult to secure a good job. This is how to make 200 Dollars fast.

Solution: The best method for how to make 200 Dollars fast:

  • Sell Things You Don’t Need
  • Rent Out Your Room or Car
  • A Side Hustle job
  • Borrow Money (Last Resort)

Sell Items Lying Around the House

Sell Things Like Electronics, Jewelry and Name Brand Items Online or in a Garage Sale

The quickest way to get cash and how to make 200 Dollars fast is to sell things. Take an inventory of what you have at home that isn’t needed. Cell phones, gift cards and electronics are quick sellers. Other items that you may have not considered include:

  • Jewelry
  • Vintage toys
  • Fitness equipment
  • Collectibles
  • Name Brand Items (Apple, Bose, Tiffany, Etc.)

First, the common places to sell the items include EBay, Etsy, LetGo, Swappa, Gift Card Granny and Gazelle. Each of these sellers offers a phone app so you can easily manage purchases directly from your cell phone. The money from each sale goes directly to your bank account. Note: fees may apply.

Second, if you want to know how to make 200 Dollars fast, have a garage sale. Garage sales are great if you want to avoid the hassle of photographing and listing items for sale online. In addition, each sale generates instant cash.

Finally, a hybrid of online selling and hosting a garage sale is Facebook Marketplace. Facebook Marketplace works as an online garage sale and allows you to reach a larger marketplace of buyers compared with selling in your neighborhood.

Convert Coins to Cash

Many people put extra change from their pockets in a jar at home and forget about it. If you if you want to know how to make 200 Dollars fast, you can simply take the change jar down to your bank or a coin exchange. For a small fee, the coins are quickly counted and paid out in cash. If you have a bank account, check with your bank for coin exchange service. In addition, Coinstar is a popular coin exchange as well.

Rent a Room/Car

Earn Extra Money Renting an Extra Room and Rent Your Car

If you have a spare room or place to lease you can rent it out. Many people think of AirBnB as a vacation rental site. However, you can also rent out an extra room using AirBnB, the local paper or Craigslist to earn extra cash. Note: there’s a lot of issues to unpack regarding renting a room to a stranger, so make sure you do your research if you decide to rent out a room.

Have a car that you hardly use? You can also rent your car. Sites like Turo allow you to list your vehicle on their site and earn extra cash from rental fees. Vehicle protection plans are available and you earn approximately 65-85% of the trip price.

More Ideas to Earn Extra Money

Great Ways to Earn Extra Money Include Seasonal Work, Side Hustles and Starting a Business

One dirty little secret that successful people don’t share about their success is what they had to do to become successful. Successful people often work 2-3 jobs, work long hours and work to do things that no one else wanted to do.

It’s not glamorous to deliver pizzas or wash cars when you have a master’s degree from a prominent university. But sometimes to get ahead you have to swallow your pride and do what must be done. I’m not suggesting that you do anything illegal to make money; on the contrary, there are plenty of legal jobs that will earn real money for you. Note: these ideas don’t earn money as quickly as selling your personal items.

Seasonal Work

Seasonal Jobs Include Retail Workers, Tax Season Workers and Vacation Season Workers

During the holidays, seasonal workers are needed in most areas. The Fall holiday season is the busiest shopping time of the year. Employers hire extra staff to help with the higher demand from customers. Examples include retail sales, delivery drivers and merchandise stockers.

Other seasonal jobs include working in the tax industry during tax season and working festivals and resorts during the summer or winter vacation season.  

Side Hustle

Having a side hustle has become more common these days. Unfortunately, many people work a second job simply to make ends meet. But there’s no shame in working hard to get ahead. Common side hustles today include:

  • Uber/Lyft Driver
  • Food/Grocery Delivery
  • Dog Walking and Sitting
  • Babysitting
  • House Cleaning
  • Gig Economy Services (Fiverr)
  • Freelance Work Online
  • Tutoring
  • Wash and Detail Cars

Start a Business

There are Great Opportunities for Starting a Business, Including Service Industry Business, Home Based Business and Home Sales Business

If you read or see the news, you may believe that there’s no hope for you to make money. However, there’s never been a better time to start a business. The opportunities are endless for someone willing to put in the work. You can start a business locally in the service industry, such as delivery, massage, home/car repair, pet sitting/walking, babysitting, etc. None of these businesses require an office or a startup cost.

If you don’t want to start local service business, you can work from your computer at home. Sell things online on Amazon, EBay, Etsy, Facebook Marketplace or other platform. You can buy and sell new or used items. Make your own brand. There are many options for selling goods online.

Also, you can sell services online. Are you good at building websites, social media or marketing? Many businesses now have an online presence and they need marketers and SEO consultants to help them reach customers.

Last Resort: Borrow Money

You Can Borrow Against Assets Like Cryptocurrency and Your 401(k), But Beware of Predatory Lenders

If you none of the options presented work for you, and you desperately need money, then borrowing is an option. First, you need to know that there are unscrupulous lenders out there who will take advantage of you. Every town now has predatory lenders who will lend you quick cash if you own an asset. The rates and schedule for these kinds of loans are risky. Many people end up forfeiting the loans and lose their assets. These are not recommended and buyer beware.

If you own assets such as cryptocurrency (such as Bitcoin), stocks, 401(k) or other equities you can get borrow against them. Terms for these types of loans are more reasonable and are easier to manage and pay back. In many cases you can borrow money using the asset (stocks, for example) as collateral. There are companies who specialize in these types of loans based on the type of asset you have.

Overall, borrowing is not recommended. When you borrow, the debt hole grows deeper and will be more difficult to escape.

Saving Money: You Need a Budget

Learn How to Save Money and Budget for the Future

Once you get the money that you need, start thinking about how you can save money for investment. Running out of money is not a good feeling, especially when there are bills to pay. And someday you may have others who depend on you. Now is the time to start thinking about how you can save money. Secure your future now.

In addition, now is a good time to take a hard look at your budget to find things you can cut. You want to figure out what items in your budget are not necessary. Paying for cable, spa memberships or luxury items? It’s time to get rid of those expenses so you can have extra money in your budget. Don’t have a budget? Read this: “10 Things to Know Before Starting a Budget.”

Final Thoughts on Financial Success

Getting ahead requires hard work. There’s just no way around it. If you have to take on a second job or sell something, it can pay off later. Ultimately you want to achieve financial success to have more freedom. Financial success means you pay off debt, have savings and also have investments. That may sound impossible now, but if you focus on the goal, it can be achieved. To learn more about making more money, check out more Piggy Bank Coins articles on personal finance below.

Read More:

Ways to Save Money on a Tight Budget

10 Things to Know Before Starting a Budget

The Best Budget App

How to Make $200 Fast

Best Budget Planner

Home Buying Power

Financial Planning Services

Value Investing Books

Wealth Building Cornerstones

Best Investing Books of All Time

How to Become a Millionaire from Nothing

How Much Savings You Should Have at 40

Why Saving Money is Important

Debt Elimination

Disclaimer:

It is important to note that Piggy Bank Coins does not provide financial advice. We don’t endorse or recommend any financial investments. Instead, we provide information for educational purposes to those seeking knowledge regarding personal finance. However, in the spirit of transparency, note that the author is an investor in cryptocurrencies, precious metals and some equities.

In addition, The Federal Trade Commission (FTC) requires that Piggy Bank Coins disclose to readers that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. Moreover, we try our best to keep things fair and balanced, to help you make the best choice for you.

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