Everyone gets caught short financially from time to time. A forgotten about bill arrives, the car breaks down, or you just need to buy those concert tickets before they sell out. It’s a common problem and can leave you frustrated and scratching your head for a solution.

Thanks to the internet your options today for filling the financial gap are far greater than they have ever been. Not only are there more choices available to bridge your funding gap but some of the tried and true that have existed forever can now be sorted online with the click of a button.

Here’s some of the options you can consider and what you need to know before jumping in the deep end.

Payday loans – A true love child of the internet, payday loan companies have sprung up in the last few years as a quick and simple way to get short term cash to tide you over. Websites like www.nimble.com.au will give you approval for a fixed sum in a matter of minutes however beware the cost. Interest rates and administration fees can see you paying a whopping sum back if you keep the loan for too long.

Extend the credit card – A more affordable alternative is to extend your credit card limit. If you have a good relationship with your bank and have paid your card on time you may be able to do this easily online.

Bank debt – If you feel you will need the money for longer a more affordable option could be a bank loan. This can be cheaper in terms of interest but will require a few more hoops to get through which may not tie in with your time frame for needing the money.

Borrow from friends – Quick, simple and painless…provided you pay the friend back as soon as you can! Family may be a better option; they are inclined to be more forgiving if payment is a little slow!

Run a garage sale – We all have stuff we don’t need and no longer use. Chances are you have a few hundred dollars’ worth sitting around the house right now that you can get rid of. If garage sales are not your thing then consider putting the more valuable items on www.gumtree.com.au  or www.ebay.com.au .

Surveys and reviews – Why not get paid to surf the internet? Many companies such as http://www.mysurvey.net.au pay well to have people complete surveys on their products or find a company who will pay to provide them with reviews of new lines they are contemplating. You have the added advantage of working when it suits you so it won’t affect your day job.

Be a mystery shopper – Much like survey filling, bricks and mortar stores need feedback too. You can join a mystery shopping company who will literally pay you to shop.

Rent out a room – Air BNB (www.airbnb.com.au) has created the world’s largest peer to peer accommodation platform where anyone can host a guest. Profiles can be set up in as little as an hour and you could be earning money straight away. You don’t need a whole house to be available but if you’re renting check your lease details – your landlord may not permit it.

Offer a skill –  Have a talent for web design or handy with a hammer? Websites like www.fiverr.com allow you to offer your skill set online and get paid. www.airtasker.com is great if you have a physical talent that others would be willing to pay for such as cleaning or fixing things.

Don’t despair! There are a lot of options that can help you get out of a one-off problem or be a standard go-to means of topping up the coffers whenever it’s required. The choices are many and varied and are well worth exploring.

If you’re trying to identify ways to manage cash flow or debt, you don’t need to do it alone. A financial adviser (or planner) spends their days identifying and presenting opportunities to their clients. Our simple, quick, free service will connect you to the best independent financial advisers, based on your needs. Click here to get started.

The information in this article is general in nature and does not take into consideration your personal situation or circumstances. You should consider whether the information contained in this article is suitable to your needs and where appropriate, seek professional advice from a financial adviser or other finance professional.

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