Creating A Healthy Household Budget

Hello, my name is Jerome Silas. Welcome to my website about creating and following a healthy household budget. When I was in college, I tried to create a smart budget to save all the pennies I could after paying my bills. Unfortunately, I jumped in too fast and created a budget that was impossible to follow for the long term. Through the years, I have learned all about the methods that work best while creating and following a budget. I would like to share those methods with you all to help everyone create a healthy household budget. Thanks for your time.

3 Questions To Ask When Considering A Payday Loan

Finance & Money Blog

While you may have been able to get away with asking your employer for an advance on your paycheck in the past, that isn't common practice anymore. However, businesses do offer payday loans for people who have hit sudden financial hardships. If you are considering a payday loan, make sure you ask yourself these questions first.

Why Do You Need Money?

The first step is to determine why you need the money. Typically, a payday loan is best for sudden, one-time financial hardships. For example, perhaps your pet got sick, and you spent the rent money at the vet. A payday loan may be just what you need to pay your rent and get back on track. However, if you find you constantly need extra money and frequently consider payday loans, a payday loan is not a permanent solution.

When Can You Repay the Loan?

When you get a personal loan, you have a lot of time to repay it. Payday loans are designed to be repaid quickly. You typically want to repay the debt within two weeks. If you fail to do so, the debt doesn't just go away. The lender may roll it over again into a new loan, which means they also have the right to increase your interest. If you know you can't repay the payday loan quickly, you may want to try another option because the money can add up quickly if you fail to repay on time.

Do You Even Qualify for a Loan?

When you apply for a personal loan, there are a lot of requirements you must meet, and one of them is to have a decent credit score. One nice thing about payday loans is that they don't check your credit. However, that doesn't mean just anyone can get a payday loan. There are still some qualifications you must meet. While the exact laws vary from state to state, typically, for any payday loan, you have to prove you have a steady source of income, so they know you can repay them. You'll also need to prove your ID with a valid state ID and a social security number.

Sometimes, unforeseen expenses arise, and if you live paycheck to paycheck like so many Americans, those unforeseen expenses may break you. Luckily, payday loans are a great way you can get an advance on your paycheck. For more information about if a payday loan is right for you, find a vendor such as Payday Express today.


14 June 2017