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completely broke


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So...I have no money.  I lost 1,000 dollars because i lent it to someone who now refuses to talk to me or pay it back and has moved away.  I also owe multiple people a few hundred dollars and my car just broke down as well. I have to pay 700 a month for rent as well!  Any clever ideas on how to make money quick?  Because I have no idea what to do! 

15 Replies (last)

I know that situation!

Try selling things on craigslist or to second hand stores. If you can live without it, get rid of it! I sold my jewellry, books, DVDs, video games, manga, books, everything worth anything went. iPods and laptops are replaceable, and being homeless sucks. I should know...


Barter with someone to fix your car--I've had my car fixed three times this year by an old friend's boyfriend. For free. If you befriend the right people you can get great deals. Offer to cook for someone/trade valuables in exchange.

Take any odd jobs you can find--babysit, pet sit, help people pack up before a move, anything!

 

Hope that helps!

How about having a garage sale?

Could always start investing in the lottery! P:

obnoxious answer: never lend to anyone more than you can afford to lose.

not so terrible answer: babysit, daycare, etc.  relatively easy flexible money needing no skills but the ability to not beat children.

 

Get a job.

"Get a job."

 

That's really rude. If court had $1000 to loan, what makes you think they don't have a job? Its tough getting to work when your car breaks down, or sufferring a sudden financial loss because of someone you thought you could trust.

There's also such a thing as tact...

Sorry kiddo, but I agree.  Get a job.  It's the quickest, easiest, most honest way to get money and teach yourself a lesson.

Yeah, the easiest way is just to work. If you already have a job, pick up a second job for a couple months or so until you can get caught back up.

Never lend money to people. 

I'm going to assume that if you are lending that kind of money to people that you already have a job of some description.

A second job, family and friends clubbing together to pay to fix your car as a christmas gift, take the person who failed to pay you back to the small claims court (verbal agreement is a contract they have failed to honour).

Clear out and sell anything/everything you don't need/use. Find cheaper accommodation or take in a lodger (s), stock up on non perishable foods, make large pans of soup and freeze it.

And all of what post 1 said.

Best of luck to you {{hugs}} things have a way of coming right again but just needs a bit of input from you.

um, where are you logging on from? How bout cut the internet, tv, etc. 

"Get a job."  How ignorant- it is far too easy these days to be working but to be totally broke and on the edge of home less- and finding a second job is not easy and most likely impossible cause there are thousands standing in line for that job.  My daughter works full time and due to college loans, car insurance, mortgage, utilities, she eats beans most days and still may lose her car cause she is not doing well on keeping up the car payment.  These are tough nasty times for many folks. 

Step one - That rent is due in a week, right?  Call your landlord right away and explain that you've had a sudden financial loss and negotiate paying in installments until you are paid up.  Ditto to the people you owe money to.  This will buy you a little time to get some extra money in.

Step two - start looking right away for a second job.  This is a tough time of year to look because retail store and restaurants are hurting, but you could try Starbucks and other popular places.  This will bring in some money, but not right away as you will probably have to wait for your first paycheck.

Step three - start selling stuff.  Look around for any big ticket items you might have.  For instance 24 carat old jewelry is selling for top prices right now if you can find a reputable dealer.  This will bring you quick cash to ease the burden and get that car fixed.

Step four - cut expenses.  Downgrade your internet and cable and phone services, and anything else you can think of.  This will help you catch up with future expenses, like rent and loan payments. 

Good luck!  You're going to be ok, believe it or not. 

Some good advice here.  Some not so good. 

I like you splitrail, but the "get a job" menatality is decidedly Republican and conservative advice in my country.  The US is in an economic depression.  Yea, yea, screw the mass media and what they are saying.  The fact is that our country's economy, as it is now, is so dependent on big-biz, that to declare our economy "depressed" is a scary thing for us.  Last time the headlines declared that people were pulling their money from banks and investments and stockholders were jumping from windows. Its slowly declining toward that anyway.  I fear the worst for the 1st quarter of 2009. 

The fact is that Bush, the War on Drugs (since the Nixon admin), the war in Iraq, NAFTA, the increased-tax on the family farmers, trickle-down economics and a few other factors have lead our country into an economic disaster.  Its hard here.

My husband has worked for no less than $40/hr in his line of work for the last 5 years.  He is self-employed.  His #1 client went brupt last year and his income dropped by more than 50%.  He spent months looking for work, not just on his own, but with other companies and with employment agencies.  He couldn't find anything for more than $15/hr!  After taxes, its pretty dismal. Finally, after nearly a year, he has found something that pays him $25/hr.  He works about 60 hrs a week just to keep up the bills.  We are filing for bruptcy in Jan because we cannot afford to pay the unsecured debt and, in order to keep our house, we have to get it all discharged.  We cannot lose our house.  His livelihood is dependent on the shop he has built here. 

I cannot just get a job.  I am disabled.  I get a pittance from SSA.  It helps, but its a drop in the bucket. 

So for those of you who think that "just get a job" is the answer, be grateful its been that easy for you.  But please, try to be more open-minded.  Think about this: just because you haven't had a problem getting work, or keeping it doesn't mean that its as easy for everyone.  Not everyone has the same life choices and options. 

 

If you have time, then a job that pays minimum wage (assuming that you can get one) is a better investment of the time than sitting around trying to figure out what to do.

This is definitely a tough time and more people are going to be lining up for the previously undesirable jobs as a result, but if you can manage to get a second job, you can at least make a start on some of those bills.  In general, it's more trouble than it's worth to evict someone who is making partial payments on a debt.

Do not lend money that you need for rent/food or other necessary expenses.  I've learned the hard way that when you lend money you rarely get it back.

When lending money, you should always assume that you will NOT get it back. If you can afford to give somebody 1000, then go ahead. But if you can't afford not to get it back, don't lend it.

Obviously, you have to pay your rent first, so try to find ANY money you can to do it. Borrow it from parents if you have to. Second, do you NEED your car? Can you use public transportation instead; if yes, you might want to hold off on fixing it.

Other than that, ditch your cable/cell phone, sell anything you can that you don't absolutely need. Your big screen tv won't be useful if you are living on the street.

Finally, if you have some sort of retirement savings, now is the time to tap into it.  Sure, there will be a penalty, but if you stick to the repayment schedule, it won't be too bad.

When you get through the urgent stuff, try googling "budget", or borrow from your library (don't buy it!!) the new Suze Orman book, 2009 Action Plan. Basically, these are hard times, and we all need to get a bit more educated on how to handle our money.

 

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