Feeling The Short Term Strain?
Money does not grow on trees, but another financially-related truth is that money doesn’t last very long either! If you’ve struggling to make ends meet at the end of every month, you probably find yourself very short in the few days or even week before your next pay day. Living from pay check to pay check is no fun at all, but it is the harsh reality of many lives these days.
So, you can either struggle for that week or few days before that thankful influx arrives in your bank account, or you can do something about it. What are your options? Well, you could ask to borrow some cash from a friend or relative, but many people don’t like doing that. You could use your credit card and pay it all back on payday, but drawing cash off a credit card is never a good idea, and you will just end up paying all your wages back towards it when you finally do get paid.
What are you left with? Struggle, or go for a wage day advance.
Struggling isn’t the best option, it’s never a fun route, so what about a wage day advance instead?
This is sometimes called a payday loan, but it’s basically the same thing. You borrow money from a reputable payday loan company, and you pay it back within a very short time scale, usually 30 days. There is of course interest to pay, but provided you pay it back within the agreed time, you won’t run into any major problems.
Wage day advance/pay day loans have certainly had a bad reputation over the last few years, but that is down to people mistreating them and not using them in the way they are supposed to be used. As we mentioned, if you pay them back when you’re supposed to, an advance such as this could be a very useful way to bridge a gap between pay days, without the need for struggling.
Now, if you find yourself needing to go down the route of short term lending every month, you should probably turn your attention to the reason why. A wage day advance is meant to be a short term thing, something which happens very occasionally, it isn’t meant to be a stop gap you need to use every month. If you do that you’re paying out more than you’re actually needing, via the interest.
Good money management is key in life, and whilst it might not be the most interesting of subjects, it is a topic which will see you towards a more comfortable future.