What are options for cash emergencies?

Sometimes no matter how well you plan you can face bad luck in life.   Between cars, homes, apartments, medical bills, and just general expenses life can knock you back.

While many financial professionals all state that you should have 6 months of your salary saved for an emergency, many of us know that is just impractical.  It’s hard to save 6 months of your salary in the world today. So, what do you do when a disaster strikes?

Here are some things you can do.

First, you can get a short term loan.  One option is to get a car title loan. These generally have high interest rates and are designed to be a short-term loan.  Contact Family Title Loans to learn more.

Second, you can look into refinancing any credit cards into a lower interest rate.  Refinancing your home is one option.

Third, consider taking a loan from friends and family.  But, before you do this be prepared to talk through things ahead of time.  A relationship can be ruined if money comes in between people.

Fourth, contact your current creditors.  If you are going to get behind in paying your bills many times your creditors can and will work with you.  Contact them to setup a payment plan. Whatever you do, always strive to pay your mortgage first.

Fifth, look around your house for things you can sell for quick money.  Look into posting things in your local neighborhood group or Craigslist.  Getting a part-time gig can be a way to earn additional money, but that does take a lot of time, unfortunately.

Finally, look at what expenses you can cut.  Many times you can cut the cord on cable tv or satellite and still get excellent entertainment.  Getting clothes at second hand stores works, and being frugal. You can clip coupons, budget effectively, and be creative.  The internet has every type of idea imaginable. From making your own laundry detergent, and growing your own food–you can figure out a way if you have a cash emergency to get by.

How To Start Your Own Finance Blog

If you have a deep interest in finance—and you likely do if you’re reading this blog—you may eventually reach a point where you want to share your own knowledge and experience. Starting a blog is easy enough if you have the motivation, but maintaining a blog takes total dedication.

Finance blogs are popular for many reasons. They help everyday people manage their money and provide them with sound advice on how to make investments that could ultimately change their lives. One of the first requirements is to be passionate about the topic. If you’re not passionate about finance, over time, you’ll lose interest in staying consistent, and it will show in your writing. Without passion, you won’t be willing to do the research and put in the right amount of effort.

If you’re passionate about finance and want to take your passion to the next level, here’s how you can start your own finance blog:

Launch A Website

No matter how many great ideas you have, a domain and website hosting is necessary. Your website will house all your efforts. For this reason, branding is particularly important. Your design aesthetic should match the goals you have for your personal finance blog. You should consider hiring a freelance designer if you have the budget for it. Your freelancer can create custom graphics and images that are unique to your site, which means you won’t have to rely on stock images and borrowed artwork too heavily.

You should also take a look and free and premium WordPress themes, which allow you to launch quickly without having to worry too much about code or fine-tuned customization.

Calculate Your Costs

With any business venture, you want to determine your costs up front. After all, you can’t launch a personal finance blog without having your own finances put together. You’ll need to factor in costs of domain and hosting, designs and/or themes, copywriting, and blog posts if you plan to outsource some work. Additionally, you should consider the amount of time you’ll spend working on your finance blog. Time is money, and you should be able to maintain your daily life while still taking care of your blog.

Look At Other Finance Blogs

Examine other finance blogs to give you an idea of what makes a blog successful. Pay close attention to their user experience and content. Write down or keep a digital list of content inspiration you find for you own blog.

You should also download an editorial calendar to begin planning out your publishing efforts for the next several weeks. Alternatively, if you’re using WordPress, consider installing an editorial calendar plugin. To save you some research, here are a few finance blogs you can start with:

Create An Ebook

There are many benefits for businesses to create e-books. It can generate leads, help you establish yourself as an authority, build your email list, create buzz, and spread awareness. Electronic books are more popular than ever now. If you’ve been writing blog posts for a while, you can even repurpose and curate that content to create an ebook that’s beneficial to your audience.

Just as you would research different finance blogs to learn more creating your own blog, you should do the same with e-books. Here’s a list of some of the best finance e-books.

You should also have seperate advertising and marketing campaigns to help generate some buzz around your ebook. For example, you’ll want to create PPC ads for your ebook to attract people who are searching for content like yours. Use WordPress to create a lead generating landing page that easily converts customers who click on your ad and visit your site, or who reach your site organically.

Money-Generating Ideas

Keep in mind that the majority of blogs take a while to become profitable, if at all. And if you’re passionate about the work you do, money won’t, and shouldn’t be a driving factor. However, it does help to think about different ways of generating revenue in the long-run. Here are a few ways you can do this:

  • Allow space for advertisers
  • Use affiliate links across your webpages
  • Offer services
  • Set up a membership platform

Choose A Niche

Having a niche allows your blog to stand out from the competition. There are hundreds of great finance blogs out there, but a niche narrows the playing field. You might choose a niche that focuses on real estate, early retirement, or mutual funds. Or, you can focus on a specific category, like shopping or food. When choosing a niche, consider the knowledge you already have, as well as your interests.