financial help

Save Money

Alfred D. ShepherdLeave a comment

1. Getting a new water meter will cut the price in half.
When it doesn’t rain, water supply is harder to get, therefore prices from the companies goes upso that they can still make a profit. Installing your own meter will surprise you by letting you see that your annual price is almost cut in half.

2. Forget about designer labels others are just as good.
Do not pay the outrageous price for a designer label pair of jeans or a handbag. No one can reallytell the difference between these and ones that you get from the local stores. Besides, how manytimes are you actually going to wear a pair of jeans that you paid $600.00 for.

3. Don’t renew travel insurance as it can be a waste of time and money.
Do not pay for your travel insurance renewal if you do not have a trip planned. This is just paying for something that isn’t going to happen. Just wait until the next time that you are going on a trip, and start your policy all over again.

4. Remember that loan systems, such as Florida payday loans, can help provide extra cash for expenses such as rent. Take advice, if necessary, and don’t be afraid to ask for help. learn more here: 30 Day Loans – excellent choice for financial emergency.

5. Get a hobby will reduce spending.
Start a hobby such as painting or sewing. Think of how much money you can save by not going to a bar drinking, and painting a picture instead. To make it even better, you might be able to sellyour paintings to an art gallery, and be making more money instead of spending it.

6. Book your own travel deals to receive the best priced deals.
Instead of paying a booking agent to get your vacation package ready, try it yourself. Shoponline at different travel agents, for vacation packages that include flight, motel, car, etc. You can compare the prices, and get the cheapest deal for yourself.

Are Payday Loans Strictly Short Term?

Alfred D. Shepherd1 Comment

Payday loans are very convenient, as they do not function the way most loans do. If you borrow from a bank or other traditional lending institution, then you must have something to show them, like a strong credit background or valuable asset, as collateral. Moreover, the lending institution will issue a long series of tests and background/character checks before they approve the loan you requested. Payday loans, however, do not operate in this fashion. They are quick and easy, requiring less paperwork, less legwork and no credit checks. This convenience, however, comes with a hefty price.

Most payday loans exist to remedy quick money needs. Most people get a payday loan if they need a little extra financial help until payday, at which point they’ll again be good to go. When payday comes, the lending company will demand the payment as early as the date of the payday itself and as late as three days following the payday. If you miss just one or two deadlines, however, you will pay a high interest rate.

Interest rates can sometimes reach as high as 57%, which is compounded. If you continue to delay payment, your debt will keep increasing until you will find yourself in a loop of perpetual debt as the balance you’re supposed to pay off continues to rise. This is because most payday loans come with compounded interest and is why you have to pay an amount above the interest itself; otherwise, you will find yourself trapped in a cycle of repayments. Therefore, it is in your best interest to repay payday loans as early as you can. Remember that they are meant only for short-term needs, so self-discipline is a must.

Remember, although the payday loan process is designed to be fast paced from application to payment, it is meant for short-term lending only.