What to Do When You're Broke: 8 Tips for Getting Money Quickly

what to do when you're broke tips getting money quickly

According to one study, 34% of Americans don't have any money locked away in their savings account. 

If you don't have any money in your savings account and don't have any income at the moment, you may be struggling to make ends meet. 

Are you trying to figure out what to do when you're broke? Read this article to learn top tips for how to earn money when you're broke.


1. Cut Down Your Coffee Costs

One way to save money is to cut down on small costs that add up by the end of the month.

For example, you may grab a cup of coffee before you go to work every day. Even if it's just a few dollars, that adds up by the end of the week. It ends up being money that you could've saved and put toward something else.

If you can't go without your coffee, you should consider buying a coffee maker and making your own coffee. This will end up saving you money in the long run. 


2. Teach a New Skill to Someone

If you're skilled in one particular area, you may be able to make money by teaching others.

Are you talented in music, athleticism, or some other skill?

You could look into starting your own business and finding your own clients, or you could just start doing it through word of mouth. 

The great thing about this is that you can take it as seriously as you want to. You can have it work around your time and schedule, and you can even set your own prices. 

If you need help starting your own tutoring or other kinds of business, you can look into getting instant payday loans


3. Make Money on Your Grocery Runs

You can also make money every time you go to the grocery store. 

If you've put off buying food because money's tight, consider making money through rebates. 

Some weeks are harder than others, but if you're looking to save money, consider downloading some rebate apps. 

Ibotta is a popular app that will pay you in rebates every time you shop. All you have to do is scan your receipts and claim the rebate for whatever item you bought.

The deals change all the time, so make sure you check back frequently. 


4. Drive for a Ride-Sharing System

If you have a decent, working car and some free time, you could always drive for a company like Uber or Lyft. You can even do both at the same time on whatever hours you want. 

There aren't many requirements to become a driver. You have to be over 21, have driven for a few years, and have a clean record. You also need to have a nice car if you want to make good money.

It may take a minute to get set up and ready to go, but it's a way to have some extra money in your pocket to pay your bills.


5. Become a Dog Walker

If you're an avid dog lover, you could always put that passion into a business. You can do this around your neighborhood for people who are too busy to do it themselves.

Walking dogs doesn't require much effort or time, but you could make some extra money in the process.

You can set your price range per hour as well. You may want to start out small until you have a good base of consistent clients.


6. Get Refunds on Price Drops

Prices change all the time, and sometimes they'll be cheaper after you buy a product. 

If you do have receipts or noticed a price drop, you may be able to get money back through an app called Paribus. 

Once you sign up for their system, it will scan all of your emails to see if you have any receipts. Then it will monitor if any prices drop for you. Once it notices that there is a dropped price, you will get back the difference. 

They submit a claim on your behalf, and you could end up making hundreds of dollars. 


7. Become a Mystery Shopper

If you love shopping and want to get paid for it, you could become a mystery shopper. 

As a mystery shopper, you'll get paid to act as a regular customer. However, you'll really be analyzing the state of the store, the customer service, and other things that the store could improve on.

You'll report your findings to corporate, and you'll get paid to do all of it!

There are many companies out there who are looking for mystery shoppers, and you can make your own hours and do it on your own time. 


8. Become a Consultant

Lastly, you could always become a consultant for something you're an expert in. 

If you have a background in marketing, you should find some companies who are struggling with marketing, and reach out to them and offer your services as a consultant.

You won't become a full-time employee this way, but you'll be more of a contractor. However, you can make some serious money from this. 


Learn More About What to Do When You're Broke

These are only a few tips on what to do when you're broke, but there are many more ideas out there to help you get back on your feet!

If you don't have the time to do any of these, you could always try asking a trusted friend or family member for a small loan. Just make sure that you pay them back when you can. Visit the Loan section to learn more about how to borrow money or the Startups section to learn more about side hustles to make quick cash.

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