No one expects for their house to burn down or to receive a cancer diagnosis. So when emergencies like these do happen, the unanticipated expenses leads to financial stress. Then you’re forced to watch as the bills eat up any savings you may have had.
Luckily, there are resources for people and families who need emergency financial assistance. For individuals and families that aren’t eligible for aid from the government or nonprofits, crowdfunding can help you secure the emergency funds you need.
Government Assistance Programs
The government provides each state with grants to operate their TANF programs, also known as welfare. The program looks different depending on the state you’re in, each varying in eligibility requirements and services. After you apply, you will receive a list of services that you qualify for including help with housing, food, child care, and more.
This federal program helps families heat their homes during winter and cool their homes during summer. Their aim is to eliminate danergous practices of heating or cooling. They can even help with low-cost repairs if they ultimately help lower your energy bill.
If you need emergency rent assistance, contact your state’s housing finance agency. States will vary on the type of support they offer, but their goal is to help people find affordable housing. Services can range from help with down payments for a new home to helping pay your mortgage.
Nonprofits Offering Emergency Financial Assistance
When your finances are being stretched thin and you need help with money, Modest Needs can provide short-term assistance. Their focus is helping people and families that don’t apply for traditional types of social assistance but are still living paycheck to paycheck. If you are eligible, you can apply for a grant with no strings attached.
If you have health insurance but can’t pay your premiums and other out-of-pocket medical costs, you can apply for assistance from this nonprofit online. Eligibility criteria looks at income level, type of disease, and your have health insurance.
This nonprofit is responding to the rising cost of gas nationwide. Each month they award gas grants ranging from $50 to $1,200. The goal is to help individuals and families meet basic transportation necessities like driving to work, school, the doctor, and the grocery store.
What if You Aren’t Eligible For Assistance Programs?
Unfortunately, government grants and nonprofit programs often have a long application process, specific eligibility criteria, and it can take months to receive support. And that makes it nearly impossible to get financial assistance immediately. But there is another resource that can help you receive emergency funds fast.
Crowdfunding Works for Your Needs
In times of financial crisis crowdfunding proves to be a powerful tool that helps people get the support they need. You can’t foresee when you’ll be faced with an emergency, or how expensive it will be to recover from it. But you can use crowdfunding to find support from people who sympathize with what you are going through.
Take the time to familiarize yourself with the different crowdfunding platforms. This list breaks the most popular sites down by prices and features. But when it comes to raising funds for emergency financial assistance, YouCaring is the best option. They are the only platform that does not charge a fee, so you get to keep more of the money you raise.