When you fail to
pay your payday advance, the lender will keep on pulling your bank account and
you get heaps of NSF fees that add up to the entire cost of the loan. To avoid
this, juggle your funds to straighten things out fast.
Coping
with Your Funds
There's no law
against juggling your own finances. If the NSF fees scare you witless, organize
your money to pay the payday advance first. If you can't live on less cash,
don't take out that loan but if you can be creative with less cash until the
next payday, you are a perfect candidate for a short term loan. So how do you
live on less? Budgeting your expenses and deleting what you can live without
are the things you should do. If you have a family, then everybody must tighten
their belts until you are debt-free.
If you have a
payday advance to pay next payday, start your budgeting right away, before you
go online to get a loan. But where should you start because everything is
already budgeted? Review your list. Go over the regular expenses. Groceries
will have to get the axe first. Remove all unnecessary stuff - desserts and
baking ingredients. Just retain the milk, veggies and the carbs; these are
important to stay healthy and physically active.
If you have to
live on sandwiches for breakfast, lunch, and dinner do so but make sure
everybody had a good fill and if there are babies, don't skimp on their milk
and their cereals. Adults can live on less until the loan is paid. Living like
this is not ideal but if you have to get a loan for an emergency there's no
other way to go.
If you use your
car everyday, change your lifestyle and get on the bus or other public
transport even if it means waking up hours earlier than usual to get to work
and school on time. These cost-cutting strategies will reduce your expenses on
the week you have taken out a loan and prepares you for the next two weeks
after you have paid your payday advance.
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