In today’s money oriented society it is hard to pursue your
life’s need and desires without that big salary that we all wish we could earn.
On a normal monthly salary it’s usually just manageable to feed and clothe the
family and pay the bills. So when a minor crisis such as a non-serious car crash
or the washing machine breaking down can be turned in a mountain sized problem
if you just don’t have the cash to sort it out.
The question is: what can I do to solve my little crisis and
go on with life in my happy bliss like before I reversed into that silly
situation. If you are scraping through every month then there are long term
changes that you need to implement when the dust settles, but for now it seems
your only option is to take out a loan, there are quick temporary solutions in
the form of pay day loans (http://cashadvanceloanstoday.org).
These are monthly loans that you can get quickly to fix your car or washing
machine, but you have to pay back from your next pay cheque. This is a good
solution, but can never be taken as a long term solution. If you take out a
payday loan that you can’t afford to pay back with your next pay cheque then
your problems will start to spiral out of control, as the interest piles up
every month, and you constantly find yourself with a debt you can’t afford to
pay.
The other possibility is a bank loan. The downside of a bank
loan is that it can take a while to be processed. This can leave you without
transportation, or without clothes for longer than you can afford.
So what do you do? My advice involves a few stages:
1.
Get a pay day loan as a temporary solution.
2.
Apply for a bank loan.
3.
Pay back the payday loan as soon as the bank
loan comes through.
4.
Manage your cash flow, so that you’re never left
with such a crisis in the future.
5.
Pay back the bank loan in manageable monthly
installments.
Get that payday loan, but make sure you know that it’s a short
term thing; and don’t borrow more than you need. The temptation to borrow a
little more than you need and treat yourself can lead to problems in the
future.
Apply for a bank loan from a reputable bank. Again, don’t
borrow more than you need.
Pay back the payday loan as soon as the bank loan comes through.
As soon as the bank loan comes through,
pay off the payday loan to get that problem off your back.
Manage your cash flow. Now you’ve seen how bad things can get
so easily start to sort your life out. Try to earn some extra money: if there’s
extra work, do it. If there’s a possible promotion, go for it. And never give
up on trying to get that job that would sort you out for life. If none of these
things are possible then you need to start spending less. This will mean
budgeting your food, and cutting down on any treats you may like to bestow upon
yourself.
Pay back the bank loan in manageable monthly installments. Never
forget about your loan – always think about making sure how you’re going to pay
back each month’s installment!
If you haven’t had this little crisis, but you see how it
could happen to you, then act now before your rainy day brings thunderstorms
for you.
Check out www.adamscapgroup.com for more Information
on personal
debt management.
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