To make a quick $200

by Rocket Finance

I was recently asked what I would do if I needed an extra $200 and only had two weeks to acquire the money. I have couple of ideas:

  1. Pray. We are often given unexpected, small sums of money by friends and family. For instance, Sarah was given a $20 gift card the other day and it was a great help to our budget. Rarely are we given sums of that size ($200), but it could happen.
  2. Sell something on Craig’s List or Ebay. We only have a couple of items that are worth that much and that we would be willing to part with, but we could get most of the money in a pinch this way.
  3. Roll it over to the next month. Use part of our emergency fund to care for the immediate expense and then make sure that we cover it in a future month. Get it today and then figure out how to pay for it later.
  4. Find a freelance job. I have experience in painting, roofing and wood finishing. I am confident that if I needed to make extra money in the evenings or weekends, that I could pull it off.
  5. Qualify for a bank bonuses or credit card bonuses. I am trying to avoid this particular revenue stream right now, but this is how we solved our money problem last year. We could dust off a few of those tricks again if we had to.

Frankly, I think that we would probably just put the money on a card and figure out how to pay for it later. We are currently running a $500 deficit every month anyway, so $200 doesn’t seem like too big of a deal. Now if we needed an extra $2,000. . . that would get my attention. I have already been giving serious thought to exactly when I will need to get a second job in order to continue to make the payments on the house that we still own in Wisconsin.

What would you do if you needed $200 in two weeks?

  1. 5 Responses to “To make a quick $200”

  2. By SavingDiva on Jul 7, 2008 | Reply

    I would try to get a few extra hours at my part time job. If that didn’t work (or pay day wasn’t right), I would look for freelance work (cash pay) on craigslist or other sites like that.

  3. By Aaron Stroud on Jul 7, 2008 | Reply

    “We are currently running a $500 deficit every month anyway, so $200 doesn’t seem like too big of a deal.”

    I know this feeling all too well! After building a house and having two kids during the process, it’s all too easy to shrug off the small expenses.

    I think it’s a coping mechanism to deal with the stress. Normally I am fairly frugal, but I just didn’t have the energy to save money during that process.

    To answer your question, I’d pull it out of savings. When I was younger and in the city, I probably would have used my emergency fund and then worked over time or an odd job or two to replace the money.

  4. By budgets are sexy on Jul 8, 2008 | Reply

    Most def. hit up CL first, then go the route of slapping it on the credit card for sure 😉 At least this way 2 weeks turns into 6 weeks…and i’m pretty sure i have enough stuff around the house i could sell by then.

    fun post my man.

  5. By JR on Jul 9, 2008 | Reply

    Ideas: donate blood, sell your junk, Sign up for an ING account, really watch what you spend at the grocery store. Do staples only for a couple of weeks–rice and beans. Stay home. Drink water only. Find ways to save on gas. It will add up quickly.

  6. By Rini on Jul 9, 2008 | Reply

    Don’t forget, you don’t necessarily have to get a windfall all from a single source.

    We recently came in need of about $350 in unexpected expenses. Over the past couple of weeks, we’ve gotten:

    $100 – from my mom, because she heard about the problem
    $50 – a late wedding gift from relatives I’ve never met
    $100 – an award I got at work (after taxes)
    $50 – my husband won a blogging contest
    $50 – my parents-in-law sent us a “have fun” check
    $154.79 – an unexpected paycheck for my husband’s tutoring (we thought last month’s check was the last one for the school year)

    That’s over $500 in two weeks of pure out-of-the-blue Godsends!

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