Emergency Fund

I need money and fast. This is one of the phrases that are repeated more today as a result of the increase in mortgages and the credit crisis. There are different formulas to reach this objective from the sale of assets until the so-called easy credits. Each person and family will choose which best suits your needs and especially to their economic situation. However, there are more advantageous than other options from a more objective point of view. In CNN Money have drawn up a list with 17 formulas get that quick money and it has ranked them from best to worst. Some are too focused on the U.S.

market and have had to be adapted to the Spanish case. The first options are the most profitable from a financial point of view, whereas the latter can be dire and the starting point for the creation of an insurmountable debt. Thus, the solutions are as follows: go to your Emergency Fund, it is precisely for that. The worst thing is that after using it already, there will be no mattress economical for any vicissitudes. Sell part of your non-retirement investments.

Ideally, undo positions of assets that have not been offering good performance. That Yes, we must take into account that will have to pay to finance their fair share for the benefits. Ask your parents for a gift. This possibility is not within the reach of everyone (by age and resources). Anyway should be the first on the list from an exclusively financial, although perhaps not from a moral point of view most closely related to the pride. Liquidate the deposits of low profitability means almost always lose part or all of the interests but it is also one of the quickest ways of getting money. Liquidate life insurance policy is an option which will mean the loss of much of the interests but which will not increase your debt.