ArticleCity.comArticle Categories Here’s What to Do When Your Emergency Fund Runs Dry
Emergency Fund

Here’s What to Do When Your Emergency Fund Runs Dry

Things happen, and sometimes we lack the cash required to get by. Here’s what to do when your emergency fund is lacking but you need funds.

We all like to think that everything is stable and secure. But sometimes, life throws incredibly difficult situations at us.

It happens all the time.

An unexpected emergency arises. You lose your job. You have to pay sudden medical bills. Your car breaks down and you need an expensive auto repair.

These types of occurrences can easily place you in a financial bind. If you don’t have an emergency fund, it can be pretty stressful, right?

If you find yourself in a financial bind and you need to raise some funds quickly, it can be done. This post will give you some tips that can help you get money quickly.

Home Equity Line Of Credit

If you own your home, a home equity line of credit might be a good solution. It’s an easy way to raise some quick cash.

However, it’s important to keep in mind that you’re using the equity of your home as collateral. You need to make sure you are able to make the payments, otherwise, you could end up losing your home. Be careful with this one.

Low-Interest Credit Card

If you don’t want to incur debt, that’s totally understandable. Debt can be a financial strain. But if you don’t have other options, this could be helpful in your current predicament.

Keep in mind that there may be issues with qualifying for a low-interest credit card depending on the nature of your emergency. It might be a good idea to apply for a card when things are going well. It’s a good way to have a “bail out” if an emergency comes up.

Payday Loans

Payday loans might be a good way to get some cash if you can’t wait until you get paid. However, make sure you take stock of your options before you decide to get a payday loan. You might be able to get a loan from a bank, and it could cost less money. Payday loans are known for high-interest rates.

You need to watch out for scams if you’re getting a payday loan. Make sure you research the company you’re dealing with before signing an agreement. Also, take a close look at the loan agreement. You need to know exactly what you’re agreeing to before you sign it.

Side Hustle

There’s nothing wrong with a little side hustle. If you have certain skill or talents that you can sell, take full advantage of them.

There are tons of ways you can make some extra money at home. Find some ways to make extra money on the side. It’s a good way to build savings even if you’re not in an emergency.

Sell Some Belongings

Sometimes, it might be a good idea to sell some of your belongings. Especially if you have some items that you no longer need. Furniture, old computers, video games, and clothes are all things that people might buy.

There are several sites you can use to sell belongings. EBay and Craigslist are some of the most popular.


When you’re in a bind, you need to do what you have to do. Financial emergencies aren’t easy for anyone. But Some of the tips in this post will help you get out of your predicament. Check out LittleLoans for more information – they’re a great additional source.

No Comments

Leave a Comment