How to Handle a Money Emergency

Many people find themselves in a money emergency, unable to take care of a sudden expense. This can happen due to medical expenses, a car accident, or any unforeseen emergency.

You could be early in your savings or you may not have been able to start your savings plan yet. Whatever the case, you do have some options to help you through your money emergency.

1.

Family and friends

Reach out to family and friends to help you get extra funds that you need right away. This can be in the form of a loan or a gift, depending on you and the person helping you.

Sell your old and broken jewelry

If you have jewelry you don’t need anymore, consider selling it. Even if you have a broken necklace, they will usually purchase it at a fair price.

2.

If you cannot bear to sell items and you know you will be able to buy them back (remember that will be at a higher price than what you pawned it for).

3.

Pawn jewelry or other valuables

Sell your old cellphone

This can be an easy way to get some money for an emergency. Just make sure you clear off any personal data first.

4.

Sell your records or old CDs

You can also sell old CDs, getting a decent price if they are in good condition.

5.

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