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A Payday Loan can Help you Through a Financial Emergency

January 15, 2021 by marvin

A payday loan is a short-term loan that can help you cover immediate cash needs. Unexpected financial emergencies happen, and they can happen often. But knowing what types of emergencies payday loans can cover can help you to be a little better prepared by knowing you can have that money quickly and take care of your expenses.

A Payday Loan can Help you Through a Financial Emergency

Here are a few of the common financial issues you might experience:

Car repairs. Cars can break down anytime and anywhere. You can experience something small like a flat tire, or you might be forced to deal with some major work like a blown transmission. Most of the issues that your car has will need to be looked at by a professional. And repairs are not cheap.
Medical emergencies. Medical bills can start to stack up rather quickly. They can vary from a short-term illness to pregnancy to an accident to an emergency hospital stay. Any of these can result in some very expensive out-of-pocket costs for you and your family.
Pet emergencies. Pets are just like children in regards that they need to be taken care of properly. They need to have their checkups with their veterinarian throughout the year and will need to visit their vet when they are not feeling well. Those visits can certainly add up to some hefty bills. Please do not let the unknown cost of a vet bill keep you from taking care of your furry family member.
Appliances. Replacing or repairing your appliances can take a lot of money. These are necessities since you need to be able to use a stove to cook you and your family dinner or have a refrigerator to keep your foods cool and from spoiling.
Home repairs. Some of the most common home repairs are a leaky roof, A/C blowout, and a busted water heater. Sometimes those types of repairs are not covered by home insurance and will need to be paid out of pocket.

Payday loans can help get you the extra cash that you need to be able to cover all of your unexpected emergencies! You can get the money quickly and can get extra cash multiple times a year if needed. Financial emergencies can happen to the best of us, and payday loans can help you out in those situations.

How to Set Financial Goals for a New Year

January 8, 2021 by marvin

A new year brings on new beginnings and a good topic for those beginnings is setting up your financial goals for the year ahead.

What are Financial Goals?

These are the goals you want to accomplish with your money. It can be anything; there are no limitations for the financial goals you want to set for yourself. Why should you set financial goals? Because goals can help guide you in managing your money.

Financial goals can come in all different amounts and timeframes and can be big or little. You set goals to know what you are working towards and when you can accomplish it. Financial goals help to set yourself up for future financial success. However you define that success is up to you!

2021 Financial Goal Setting

Here are a few ideas to get you started on your financial goal setting for this New Year:

Develop a financial plan. A plan is an overall picture of your financial goals. Your plan has the details for all your accounts, and it helps to build the foundation for what you want to set as your goals.
Establish an emergency fund. Saving for emergencies should be high on your priority list; especially after the year many of us faced dealing with financial stress and/or uncertainty from the pandemic. Establishing an emergency fund is a good goal to break up into smaller portions. First, focus on adding a small amount of cash to your emergency fund savings. Then, continue adding small amounts throughout the ear until you have built up your savings to cover 3-6 months of expenses for you and your family.
Develop a budget. Nothing is worse than not knowing where your money is going. Sometimes ignorance is definitely not bliss! Work to set a budget to manage your weekly and monthly expenses. You can use spreadsheets, notebooks, online tools, or apps to track the categories that your money goes to. Whatever way you choose to track your spending, stick with it!
Pay off your debt. This is a big one. Debt can be very overwhelming and scary for many. The first thing you can do for yourself is to accept that you have debt. Don’t be afraid to get your total amount of all your outstanding debts (student loans, credit cards, personal loans, car notes, mortgage, etc.). List all your debt out and start planning to get it all paid off! This is a great opportunity to look at where your money is going and to see if you can re-allocate any of it to paying off your debts. Consider using the snowball method to get you started.
Save for retirement. Retirement might seem far away to some, but it will be here before you know it. Why not start now and get some money saved? See if you can contribute to your employer’s 401k or get an IRA. There are options! You just need to see what is best for you and your situation.

Track It & Get Control of Your Finances

Keep track of the progress you are making towards your financial goals. Have someone help you with your accountability if you find that’s something you need. It can be a lot to handle and it is ok to ask for some help in that regard. Break your goals down into more attainable actions if needed.

Getting control of your finances is one of the best things you can do for yourself. Seek out financial help if you need it. Talking with a financial planner (or even a financially-savvy friend or family member!) or reading books can do wonders to help get you started.

Overspent on Holidays? Payday Loans Can Help!

December 30, 2020 by marvin

There always tends to be financial stress this time of year. Whether the financial strain is from finding and buying the perfect gift, traveling to see friends and family, attending all the fabulous holiday parties, or ringing in the New Year in style, it’s almost impossible to not stretch your budget past its breaking point during the holiday season. Planning and making sure you get to experience everything can put a strain on your wallet. A little extra cash, quickly, can help ease that strain and allow you to better enjoy the season. Payday loans are available to help you get that extra cash to make up for all that extra spending you did around the holidays.

Overspent on Holidays? Payday Loans can Help!

Payday loans are a type of short-term loan. Most are unsecured, meaning you don’t have to put up your personal property as collateral.

Payday loans have several benefits:

You can access your money quickly. Most payday loan lenders don’t require any more information than any other loan company. You can be approved in minutes and get your cash within the hour.
Convenient process. There are no appointments needed. The forms are easy to fill out and the money can be used towards anything.
There are few requirements. There is no need to put up collateral or have a perfect credit score in order to qualify for a payday loan. Typically, the only requirements are that you must be 18 years or older and have a valid form of identification.

You get your money, get your gift, and enjoy the holiday. The quickness and ease of a payday loan can not only help with your finances, but also with the stress that comes with it. Know that there is a simple solution that you can turn to. Payday loans are there to help you out when you need it the most.

How to Find Extra Cash for Your Holiday Budget

December 12, 2020 by marvin

It’s the most wonderful time of year again when we gather with close family and exchange gifts, and we ship gifts to loved ones far away, and we participate in that office secret Santa gift exchange, and we search for that hot, new toy our child desperately wants to find under the tree on Dec. 25, and we leave treats on the porch for postal workers, and we leave loaves of homemade bread on our neighbors’ porches, and we purchase gift cards for everyone else we know. Are you sensing a theme yet? We are entering into a time of year where gift giving is the norm and our personal finance budgets are stretched to their breaking points.

Does your budget feel like it’s stretched too thin? If so, you’re not alone. If your budget is already stretched thin, finding extra money for holiday gifts and experiences can be challenging. Here are 3 ways to find extra money for holiday expenses:

1. Payday Loan

A payday loan can be an excellent way to add a little to your budget in between paychecks. As the name implies, a payday loan is an advance on your next paycheck that you pay back when you receive your next paycheck. Payday loans are quick to obtain and easily accessible. While the interest rates are higher on this type of loan, as long as you pay your lender back on time, this is a great way to pad the budget a little around the holidays!

2. Side Hustle

If you have a skill someone would pay for, now is the time to cash in on that talent! A few holiday side hustle ideas include:

Selling your delicious baked goods
Decorating Christmas trees for businesses or people
Hanging Christmas lights
Personal shopping
Gift wrapping
Calligraphy
Party planning

There are plenty of ways to earn money as a side hustle. No matter your skill, there’s someone likely to pay for a service you could offer.

3. Selling Items

Not only is this the time of year you give gifts; it’s also the time of year when you and your family will be bringing gifts into your home. Now is the perfect time to make room for all of the gifts your loved ones lovingly selected for you and your family! Look for creative ways to sell items you no longer need. Consignment stores are always willing to take gently used winter clothes and accessories. You can sell larger items online and arrange for pick up times/locations that are convenient for both you and the seller.

No matter what budget you set for your holiday expenditures, with a little creativity and planning you can definitely meet your budget goals. With these creative ways to bring in a little more cash around the holidays, you won’t even be upset if you go over budget this year!

A Simple Budget: 50/20/30 Rule

November 20, 2020 by marvin

Budget. Just another aspect of adulting. If you were one of the lucky ones and had money conversations growing up, this word wouldn’t be as intimidating as it is to others. Not knowing what to do with the money that you have could turn out to be a catastrophe later down the road, say when you want to go on a nice vacation or get ready to buy a house. Knowing where to start and how can help you out along the way to figuring out what works best for you and your money.

The 50/20/30 Rule

The 50/20/30 Rule helps you create your budget by dividing your money into three sections:

50% of your income should go to your living expenses. Rent, water, electricity, and groceries, and other essentials.
20% of your income should go towards your financial goals. We are talking about savings, retirement, and debt.
30% of your income should go towards your “everything else.” This is the extras that you don’t have to live off but what you would rather spend your money on.

Example: The 50/20/30 Rule

If you bring home $30,000/year, this rule would give you budgets of:

$1,250 for rent and utilities each month
$500 for savings and debt each month
$750 for everything in between each month

This is a general guide for how to split your money up in a simple way so that you have more of an idea of how much money to spend and where to spend it. Of course, the percentages can be adjusted to meet or individual financial goals/needs, if necessary. The key takeaway from using a simple budget like this one is to give yourself consistency in managing your money. No matter how overwhelming a budget may seem at first, it truly is the path to a better financial tomorrow!

How Does a Payday Loan Work?

October 30, 2020 by marvin

Let’s be completely honest. We can’t predict a basement flooding or an appliance breaking down. Therefore when you find yourself in a financial pinch, one of the best ways to deal with the current emergent situation is a payday loan.

A payday loan is usually a small loan of about $200 – $2,000, and you repay the debt in agreement with the lender, which is usually by your next payday.

A payday loan lender can focus on people with no credit or poor credit, who are in a financial emergency, and who need access to money immediately.

Benefits of a Payday Loan

A payday loan is easy to access: The greatest advantage of this type of loan is that they are so easy to access. The truth is that many lenders promise instant access to money within one day and can often make an instant lending decision. Many payday loan lenders even offer online approvals!

A payday loan has fewer requirements than other types of loans: You probably already know that traditional lenders like banks require an ID, a credit check, your annual income, etc. Even if everything is perfectly fine, no one guarantees you will actually get a loan by the time all the paperwork is all done. Unlike those loans, payday loans have only a couple of requirements, and payday lenders are not as strict as traditional lenders.

Payday loan lenders don’t care about your personal credit history: For traditional loans, you need to have impressive credit to be approved. Payday loans, on the other hand, don’t require your credit history. Even better, this also means there is no hard credit inquiry. Your credit score remains intact, without losing several points, which is especially great if you’re trying to repair your credit history

Payday loans are safe (unsecured loan): A payday loan is not secured by your own property, which is great. If you don’t pay, the lenders can’t seize your home or property.

Sometimes life happens, and we find ourselves in an unforeseen situation in which we urgently need money. Payday loans are great for these situations! However, please bear in mind that if you are unable to repay your payday loan immediately, feel free to contact your lender to make an arrangement.