How to Get by When You’re Broke

by Susan Paige
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Although being broke can be inconvenient, it is one of life’s best learning experiences and definitely not something that should influence your self-worth or determination to make a success of your career or relationships. Having said that, being broke is still something you should deal with, regardless of how positive you are. Knowing how to get by when you are broke can also help you the day your income grows and you want to adopt a money-saving lifestyle.

Draw up a Budget

The first thing that you should do when you are broke is planning. Drawing up a budget will enable you to maximize your income by planning your expenses. When you budget, you will clearly see where you are overspending or wasting money. Things like gym memberships and cable subscriptions can be substituted by more affordable alternatives, but if you don’t draw up a budget, chances are that you won’t even realize that you are spending unnecessarily.

Sell Your Stuff

Selling possessions in your home that you don’t need and that don’t carry any emotional value can not only help you to get by when you are broke, but it can also free up some living space in your home. Decluttering your home can also help you clear your mind and prevent you from feeling overwhelmed.

Selling your stuff doesn’t have to take a lot of effort either. A simple yard sale can be enough to move your unwanted items and make a quick buck. You can also use e-commerce sites of social media groups to advertise the things in your house that you do not want anymore. If you have a lot of books that take up a lot of space and that you don’t want to read, you can take them to a bookstore that pays cash. Another option is to use online bookstores.

If you have clothes that don’t fit and that is in a good condition, you can sell them to online consignment stores that pay upfront. Apart from books, garage items, and clothes, you can also sell jewelry that you may have bought on impulse and that you don’t want anymore. Many businesses by precious metal jewelry that the melt and sell as a commodity.

Selling your things is a short-term solution to get by when you are broke. Eventually, the money you made from your sales will eventually disappear into your monthly household expenses. It may, therefore, be a good idea to consider some more sustainable ways of generating some cash to pay for your living expenses.

Get a Second Job

For many people, this is out of the question, especially if they already work full time. If this is you, you may consider providing online services to people on freelancing or networking sites. If you have internet and a computer, you can do this from home and only on days that you are available. Since this is something that will typically occupy your free time, it is important that you do something that you enjoy. If you don’t particularly like your day job, you can slowly transition this weekend businesses into a full-time one. Until then, it can be an excellent way to generate $100 or so per week.

Cash Loans

If you have an emergency and in need of urgent cash, a quick cash loan can help you out. Businesses like FastCash.org can help you out when you suddenly have to repair your car, pay rent, or pay a medical bill. If you are broke, dealing with emergencies can be quite stressful, especially if it keeps you from getting to work and back.

Make sure that you only apply for a loan at lenders that are reputable and that are registered credit providers. If time is on your side, make sure that you do research by reading online reviews and posts on consumer sites.

Buy a Bicycle

One of the most effective ways to get by when you are broke is to eliminate the fuel expenses. By cycling to and from work, your friends, and the grocery store, you exercise, you limit your grocery spending, and you don’t have to worry about automotive expensive like toll fees, tires, and fuel.

 

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