subject: Do You Seriously Need Payday Loans - Here Are Choices [print this page] Payday loans are normally expensive and can be difficult to pay off. It is much better to try to steer clear of needing those payday loans in the first place.
The one good thing about payday loans is that they provide instantaneous access to cash in a crisis, but that comes at a major price tag.
Consider your purchases themselves. Do you go out for eat everyday at work? Bringing your own lunch can easily save you some huge cash over the course of the year. Basically, if bought lunch for $5/day and work twenty two days/month, you are paying $110 every month. You can bring a sandwich, salad, and fruit every day for an extremely small fraction of that cost.
Among the many very important habits you can get into is always to pay yourself first. For people with a regular job, you can likely set up direct deposit at work. Meaning your salary gets automatically deposited into your checking account. What lots of people do not understand is you can often set up two or three direct deposit accounts. Set up a savings account at the same bank where you might have your checking account. Then ask your HR person how to go about having whatever amount of cash you can, regardless of whether it is as little as $10 weekly, into the savings account. You may even see a difference in your income, but over time, the money in that savings account will increase. It is a good idea to have between 3 and 6 months salary saved up just in case of emergency.
If you are able to avoid being in that condition, you will be ahead of the game! Good spending and savings habits will keep you from needing one of those payday loans every time.
by: David G. Pasternak.
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