Advertising
Advertising

31 Things To Do When You Have No Money

31 Things To Do When You Have No Money

When you have no money, what you got in your head maybe just tons of worries and insecurities. Is “what jobs should I apply?” the only question you have in your mind? Take a break and look at the following list with the 30 things you can do when you have no money! (This list of things may surprisingly enthuse you to proceed with your life!)

1. Join a contest like a beauty contest or fitness contest.

Take part in a contest which you can show off the best parts of yourself, be it a singing contest, dancing contest, fitness contest or beauty contest. These are all great choices as you can truly widen your horizon with the special experience, while gaining a bit of fame. Who knows if you may eventually be the champion?

beauty contest

    2. Baby-sit a child

    Looking after children requires your patience and concentration. Yet only a smile from a child can melt your heart and make you feel the time you’ve spent on him/her is rewarding. In fact, babysitting a neighbor’s child can be a part-time job for you to gain money.

    3. Perform in the street

    Do a mini magic show or an acrobatic show, sing a song or play a musical instrument in the street. Yes it takes your courage, but it’s worth a try if you’ve got a group of audience paying their time, or even a bit of money to watch your performance in the hectic streets.

    4. Join a carnival or any free festivals

    Not only can you have fun in such events, you get food and beverages for free. Sometimes you even get souvenirs! Sure they’ll forgive you for being a bit greedy since you’re out of money at the moment.

    cotton candy

      5. Take a video to put on YouTube

      Shoot for whatever theme and topic you like and put the video on YouTube. You’ll see how you create buzz on the internet with just a few-minute-clip. (By the way, if your video’s really widespread, you may get unexpected revenue from advertisements!)

      Advertising

      6. Sell your old stuff

      You must have stuff which are no longer useful for you, why not sell them to have money in exchange? Just put your stuff on the online bidding sites like ebay or Amazon, or you can hold a garage sale.

      7. Build A Mobile App

      It takes you effort but no money at all to launch a mobile app. If you don’t know any technology but have the ideas, ask your friends for help! Develop an app, then put it on AppStore and Google Play, it’s easy to do. If the app you develop performed well, sure you’d feel proud of yourself and the downloads could earn you money!

      8. Grab your camera and take photos around

      Ordinary items can become interesting bits and pieces in your shots. Make good use of your creativity and imagination to shoot stuffs at different angle to amuse yourself.

      9. Enjoy some audiovisual entertainments

      If you don’t feel like going out sometimes, stay indoors and watch TV or play on your favorite music. The simplest things to ease yourself at home.

      enjoy music

        10. Find a way to express yourself

        Some like writing, some prefer painting, some fancy playing with a musical instrument, or even composing a song. Choose your own way to express your feelings. If you don’t mind, share what you’ve expressed with your friends or just on any online platforms too.

        11. Get yourself a new look

        You don’t need to pay to do this. Do the hair-dyeing and cutting yourself; search in the wardrobe for the old clothes and accessories and match a new delighting look for yourself.

        12. Decorate your room

        Rearrange the things’ settings in your room or even paint your room with left over paint. Then, immerse yourself in a new relaxing atmosphere.

        Advertising

        13. Take a bath in a bathtub

        Right, I don’t mean a quick shower. Soak yourself in the bathtub and take a hot bath, comfortable and relaxing huh?

        14. Look through your old photo albums

        Take out your photo albums and have a stroll down on memory lane and recall the best of your memories.

        photo albums

          15. Play some sports like jogging

          Doing sports’ a free activity, just play your favorite sports. You shouldn’t let the pressure of lacking money go all over you, maintain a healthy body to move on!

          16. Start to cook

          If you know how to cook, just cook with whatever ingredients you have at home; if you don’t know how, browse for any simple recipes on the internet and start cooking. Besides the fact that cooking can be fun, you’re actually doing something for yourself with the food you’ve made.

          17. Play with your pets

          They don’t talk and may not understand you, but they’re always there and ready to make you happy.

          pet

            18. Start to plant

            While taking good care of plants could be a lesson, watching the seeds grow into flowers or fruits is an amazing experience.

            Advertising

            19. Go to the public library and borrow a book or two to read on

            Reading requires your concentration and comprehension, so it forces your brain to exercise. Keep your brain active so you’ll have new ideas coming up always. Plus, you never know if you’ll find something fascinating that inspires you!

            20. Do some cleanings if you feel like so

            Clean up your own house and tidy up your clothes. It’s more than just literally cleaning up the places, studies have shown that a clean place relaxes people and facilitates thinking.

            cleaning

              21. Find your friends or people you want to connect with

              List out the people you want to meet; they can be your old friends, neighbors or teachers. Call them or meet up with them. Treasure the times you spend with these people, can’t just lock up your hearts all the time, right?

              22. Spend time with your family

              You should not neglect your family because they’re always standing by you. Hug your parents and spend some time hanging out with them.

              23. Meet new friends

              Join your old school’s reunions or big groups gatherings, where you can meet new friends and revive your interpersonal network. If you’re more of an indoor person, try meeting friends online; it’s fairly common nowadays.

              24. Write a letter to someone

              Pick up the long-forgotten pen and start to write a letter for someone you care about. Oh, what about a love letter to someone you’ve been having a crush on?

              Advertising

              letter

                25. Get in touch with the nature

                Do you know that just 5 minutes doing something in the woods or even just in a nearby park can boost your mental health? Go hiking or go to the beach, take a deep breath there and feel the natural breeze to enliven your mind.

                26. Go fishing

                It’s definitely a great time-killing activity. You may have to wait for a long time for the fish to get hooked, but you’ve earned yourself some peaceful moments to think.

                27. Wander around your neighborhood

                Walk around your neighborhood and just observe what people do in the streets. It’s not necessary to have a purpose for walking around the city.

                28. Feed some wild animals

                Here I’m talking about legal feeding to the animals. Go to the park and feed the fishes with the tiny pieces of bread. The fishes’ chase and clash for the food could be a fun scene.

                29. Go to a flea market

                You don’t need to have something to buy to go there because there’s always so many things to explore in a flea market. Just walk around the flea market and look at all the interesting stuffs.

                30. Do some community services

                Voluntary work sounds like the least thing people want to do when they have no money, but nah-ah, it trains you and gives you confidence. While you can help people, you find your value in the community.

                31. Go to church or join a religious gathering

                Choose a religion that you’re comfortable with and join its gatherings. Just see how religion may move you.

                Of course I don’t want any of you to have no money, but if unfortunately it happened to you, try on the 31 things listed above and move on with your life!

                More by this author

                Anna Chui

                Anna is a communication expert and a life enthusiast. She's the Content Strategist of Lifehack and loves to write about love, life, and passion.

                23 Books About Racism to Inspire You to Embrace Race and Do Good 50 Life Purpose Quotes to Give Meaning to Your Life How to Live Life to the Fullest How Self Doubt Keeps You Stuck (And How to Overcome It) 26 Useful Things to Learn Now That Will Change Your Life

                Trending in Money

                1 The Definitive Guide to Get out of Debt Fast (and Forever) 2 25 Easy Tips on How to Save Money Fast 3 What Is a Good Credit Score (And How to Get One) 4 9 Millionaire Success Habits That Will Inspire Your Life 5 10 Reasons Why Following Your Passion Is More Important Than Money

                Read Next

                Advertising
                Advertising
                Advertising

                Last Updated on July 10, 2020

                The Definitive Guide to Get out of Debt Fast (and Forever)

                The Definitive Guide to Get out of Debt Fast (and Forever)

                Debt can feel crushing, like a weight that is always weighing you down. Looking at those numbers, it can feel as if you’ll never get out from under it. However, if you really want to learn how to get out of debt, it is possible with a great deal of focus and self-control.

                Getting out of debt isn’t impossible. Like any big goal, all that it takes is an action plan to identify where you are and creating a plan to zero out your debt.

                Identifying All of Your Debts

                The first part of paying off your debt is getting a complete picture of what you owe. When you have everything written out in front of you, it makes it much easier to create an action plan. Depending on how much you owe, it might also help you realize it’s not as bad you might have originally thought.

                Here’s how you can get started identifying your debts:

                1. Own Your Debt

                Before you start identifying all of your debts, take a moment to process that you have debt but want to get out of it.

                Forgive yourself for any past mistakes, missed payments, or overspending. It might be painful to accept how much debt you have at first, but you must own it.

                2. Make a Debt Tracker

                It’s astonishing how few people ever created a tracker to understand their total debts. Most likely, it comes from not wanting to accept the guilt of having debt, but, if avoided, it can make it nearly impossible to get out of debt.

                Open up a new Google or Microsoft Excel sheet and list out all of your debts. Start with the name of the creditor, interest rates, total balance, loan term length (if any), and the minimum amount due each payment. This will include student loans, credit cards, and any other type of debt owed.

                3. Get Your Debt Number

                Once you’ve made your debt tracker and taken the other steps, identify your total payoff number. This is crucial, as you will have a starting point and a clear goal that you are trying to achieve.

                Prioritizing Your Debts

                All debt is not created equal. It’s imperative to understand that there are different types of debt.

                Advertising

                1. Understand Bad and Good Debts

                Bad debts are usually paying for things you want instead of always need. While there might be some emergencies that max out your credit cards, often times it’s excessive spending[1].

                There are three main types of bad debt:

                • Credit Card Debt: The average American household owes over $16,000 in credit card debt!
                • Auto Loan Debt: According to CNBC , the average auto loan in the US is $30,032!
                • Consumer Loan Debt: Consumer loan debt isn’t as common as credit card and auto loan debt, but it’s still considered bad as interest rates are usually between 10-28%.

                Good debt is identified as investments in your future. Here are three common types of good debt:

                • Student Loan Debt
                • Mortgage Loan
                • Business Loans

                2. Decide Which Debt to Pay off First

                Once you know each type of debt and their interest rates, you can begin to pay off debt quickly.

                Focus on paying off bad debt first, regardless of if it is a credit card or auto loan. Start by paying off the loan with the highest interest rate first.

                If you have several credit cards with different interest rates, you want to focus on the one with a higher APR. You will actually save more money by eliminating the card with the highest interest rate.

                3. Don’t Pay the Minimum Amount

                Paying the minimum amount digs you into a hole as interest rates will offset your payment. Even a small amount more than the minimum can help you pay off debt much faster.

                Removing Obstacles to Pay off Debt Quickly

                Creating a debt tracker and prioritizing a plan is simple, but avoiding temptation can be difficult.

                1. Set a Reminder to Track Your Debt

                “If you can’t measure it you can’t manage it.” -Peter Drucker

                It’s so important to track your debt to ensure that you get it paid off quickly. Similar to working out and measuring your results, you need to track your debt constantly. Start with a weekly reminder, where you sign on and log your updated number. Did you increase, decrease, or stay the same?

                Advertising

                Regularly tracking your student loan balance can be incredibly motivating, as well. You will get a huge confidence boost each time you see your total debt amount decreases.

                Set weekly and monthly goals so you can have short term wins and keep the momentum going.

                2. Hide Your Credit Cards

                If your biggest debt is credit cards, you need to eliminate temptation and remove them from your wallet.

                Some people have gone to extreme measures by freezing their credit cards. Why? This would create an ice block around your card, which would require you to chip away at it slowly. This will give you time to think if it’s the best idea to buy that thing you’re about to buy.

                3. Automate Everything

                Willpower can be a huge downfall to paying off your debt. By automating your bills each month, you will ensure that willpower isn’t involved.

                4. Plan Ahead

                Getting out of debt will require some sacrifices, but with enough planning, you can make it work.

                For example, if you know that you have a friend’s birthday or family dinner coming up, plan ahead for the costs. Whether you need to cut back on spending the week before, pick up a side job, or meet them after dinner, do what is needed.

                5. Live Cheaply

                The only way to get out of debt is to make some sacrifices on your spending habits. Find ways to save money each month so you can apply that amount to your outstanding debts. Here are some ways to save money each month:

                • Live with roommates
                • Cook dinners and prepare lunches for work instead of eating out
                • Cut cable and choose Netflix or Amazon Prime
                • Take public transit or bike to work

                Finding the Lowest Interest Rates

                The higher your interest rates, the harder (and longer) it will take you to pay off any debt.

                If possible, you want to find ways to lower your interest rates to help get out of debt quickly. Here’s how you can get started:

                Advertising

                1. Maintain a High Credit Score

                Your credit score will have a large impact on your ability to refinance your loans and receive a lower interest rate. If you have a low credit score, it’s unlikely you will be able to refinance your loans. Use these credit tips to increase and maintain an excellent score:

                • Never miss a payment
                • Don’t exceed 30% of your credit limit
                • Don’t sign up for more than one card at once
                • Limit hard inquires, like auto-loans and new credit cards
                • Monitor frequently with free credit-tracking software

                2. Find Balance Transfer Offers

                Start by opening a free account on credit.com. Credit.com offers you the chance to open a free account and see what type of balance transfer offers you can receive. Some of your existing credit cards might already have 0% or lower APR balance transfer offers available.

                Contact each of your credit card providers to ask about lowering your rate for a one-time balance transfer offer[2].

                If you do take advantage of this option, make sure that you use a balance transfer and not a cash advance. Cash advances have a ton of high interest fees (15-25%, depending on your credit card) and will only compound your debt problem.

                How to Get Rid of Debt Forever

                Setting up a plan, removing temptations, and getting the lowest interest rates is the first step to get out of debt.

                1. Keep Monitoring and Adjusting

                Once you have a plan, don’t get comfortable. Track your debt payoff plan and make the necessary adjustments when needed.

                Monitor your credit scores with a free site like CreditKarma. The higher your credit score climbs, the more likely you will be to secure a new, lower-interest loan.

                2. Earn More Money

                There are only so many ways to save money. Instead of clipping another coupon or making sacrifices for your morning coffee, find ways to earn more money!

                Think about it…it is much easier to find ways to earn an extra $1,000 per month than find $1,000 to cut from your budget.

                Here are some examples of ways to earn more money:

                Advertising

                Talk to Your Boss

                Have a conversation with your boss about current salary and/or commission rates. If you’re not satisfied or want a change, don’t be afraid to look around at other positions. Some of them might even have a student loan debt reimbursement plan!

                Start a Side Hustle

                This could be coaching students on the weekends, driving for Uber, or taking paid online surveys. There are tons of ways to make money outside your 9-5. Now that you have a clear plan to pay off your debts, you’ll be more motivated than ever to figure out creative new ways to earn money.

                Build an Online Business

                There are so many websites and blogs that earn money from ads, affiliates, and other online products. Find your niche and get started.

                3. Celebrate Your Wins

                As you progress in your debt payoff journey, don’t forget to celebrate your wins. You need to always reward yourself for the hard work and discipline that is required to get out of debt.

                While you shouldn’t celebrate so big that it increases debt, make sure to factor in little rewards to keep you motivated.

                4. Set New Financial Goals

                Eventually, with a plan and these steps, you can rid yourself of your debt. Once you do, make sure to celebrate your monumental achievement, but don’t stop there.

                Now, you can focus on acquiring wealth and increasing your net worth. Set new financial goals so you have a new target to aim toward. Here’s how to set financial goals and actually meet them.

                These could be anything now that you are debt free! Think about where you want to travel, buying your first home, or saving for your future retirement. Just like before, make sure that your goals are specific, measurable, and achievable.

                Conclusion

                Congrats, you can now set a plan in motion to finally pay off your debt quickly (and hopefully forever)!

                Remember, if you want to get out of debt quickly, it’s not always easy. Just like any big goal, there will be sacrifices, challenges, and problems to overcome.

                More Tips on Getting out of Debt

                Featured photo credit: Pepi Stojanovski via unsplash.com

                Reference

                Read Next