How to Secure Cash For the Holiday Season

Published November 14, 2019

According to the National Retail Federation, consumers in the U.S. plan on spending an average of $1,047.83 this holiday season, which represents a 4% increase over last year’s holiday spending. The thought of spending this much can be stressful—especially for people who are tight on money. But fortunately, there are ways to secure the cash you need to survive the holiday season. Follow these tips:

Sign Up For Side Gigs

There are plenty of ways to earn more cash in your spare time. If you own a vehicle, consider driving for Uber or Lyft. You can also sign up to deliver groceries, walking dogs, or babysit. You don’t have to sacrifice every spare moment of your life, but if you set aside a few hours every week, you can earn a lot of cash in a short period of time. 

Take Out A Short-Term Loan

Applying for a short-term loan is another way to get the cash you need to make it through the holiday season. An unsecured personal loan is ideal for people with moderate to high credit scores, whereas a secured car title loan is best for people with poor credit. There are many different types of loans, so make sure to explore your options before deciding which one is right for you.

Help With Holiday Handywork

Ask friends, family members, and neighbors if they need help getting ready for the holidays. Many people would gladly pay someone to hang their holiday lights, trim their Christmas trees, and shovel the snow out of their driveway. Helping out with these holiday tasks is the perfect way to spread holiday cheer and earn extra cash for gifts for your loved ones.

Use Credit Card Rewards

Now is the perfect time to take advantage of credit card rewards. Review your account to determine whether or not you are earning rewards—and if so, what kind. Then, figure out a way to use these rewards to cover some of your holiday expenses. 

 

For example, many credit card companies allow you to cash in reward points for gift cards to various retailers. If this is an option, use the gift cards to purchase gifts for your loved ones from their favorite stores. This is a great way to pay for gifts for everyone on your list without actually spending your own money.

Sell Personal Items

Take a look around your home. There are probably countless items that you no longer want or need, so why not sell them to earn some extra cash for the holidays? Advertise the clothing, electronic devices, furniture, and other items you no longer want on Facebook, Craigslist, Let Go, and Offer Up. A lot of people will browse these sites this time of year to look for gifts for their loved ones, so now is the right time to sell to maximize your profits.

 

Running low on cash can make it hard to enjoy the holiday season. But if you follow these tips, you may finally start to feel a little more festive!

 

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