Financial emergencies happen to the best of us. Even when you think that you have a handle on your budget, an emergency can throw a monkey wrench into the whole thing. All of a sudden, you find yourself struggling to find the money you need. Maybe you need an emergency repair on your car. You could need a chunk of cash to pay for a car repair or a new refrigerator. What can you do to get by? 

Read on for five practical ways you can manage a financial emergency.

1. Turn to a credit card

Suppose you have a credit card with enough balance on it to take care of the issue. If so, that’s great! Now is the time to pull it out and use it. Credit cards are the perfect solution for emergencies, as long as you pay on your balance every month. Many cards also offer cashback options on the purchases you make. Just be careful you don’t get yourself into more credit card debt by going over your budget. Only use the card if you have to.

2. Look for a short term loan company

If your credit score isn’t as high as you would like it to be, personal loans in Harlingen Texas, and other communities across the country are a great option. A short-term loan allows you to borrow cash regardless of your credit score. You can apply for one online, day and night, from your computer or phone. Just make sure you pay it back on the day it is due, so you don’t incur another finance charge or late fee.

3. Ask family and friends

It’s okay to turn to your loved ones if you have a financial emergency. If you have a family member or friend that has the money to help, sit down and ask them if you could work out a loan. Always make sure you get everything in writing, so there are no discrepancies later. They may give you a little more leeway to repay the loan than if you went to a bank or credit union, and you may not have to pay any extra charges. However, loans between friends and family have been known to destroy a relationship, so make sure you only borrow what you are sure you can payback.

4. Keep an emergency savings account

Budget your money carefully so that you can always have emergency savings you only touch when needed. You should always keep your extra cash in an account instead of in money in your home; that way, you won’t have it tempting you at other times. The pros of a savings account? Emergency cash when you need it. The cons? You’ll have to cut back on your frivolous spending habits, which isn’t even that bad of an idea!

5. Get a side job

Many side jobs will help you make some quick cash to pay for your emergency. For example, driving for a company like Uber will let you begin making money right away. If you have the time, consider picking up another job at a retail store or fast food place to supplement your income. Look around your home for some things to sell. Ask your boss for overtime. You will have to work harder and longer for the time being, but it will help pay for your emergency.