Ways to Get Cash Fast and Save Money
Yes, we have all been there…
That carefully planned monthly budget that is blown apart by an unexpected expense that can’t be avoided or delayed. That’s when we might all benefit from having access to a fast cash loan for a very short period of time.
This is where companies like wonga.com might come in extremely handy if you’re feeling the pinch (although I recommend you be well aware of the risks before committing to anything but if you are looking to consider alternative options and to concentrate on the most cost-effective solutions, the following tips might also be useful:
- It’s always better to avoid borrowing money where humanly possible. Try to think outside-of-the-box to find ways that you can juggle your finances around so as to defer something else thereby meaning you can avoid using a loan;
- Family and friends can be a good source of essentially free money in terms of interest rate borrowing. Of course, involving people in your financial affairs that are well-known to you isn’t always desirable but it might be worth considering;
- Think about selling something that you have no particular need for on ebay or gumtree for example. It’s amazing how much money we all have lying around in cellars and attics though this might not be the fastest route to getting some cash;
- Talk to your bank manager. Some may be able to offer you a short-term overdraft facility providing that you have a relatively good and lengthy history with them. It might conceivably also be one of the more cost-effective solutions open to you. On the downside, this route might not be as easy to follow as it was before the various financial crises of recent years but it is still worth considering;
- Ask for a salary advance. Some employers may be willing to do so and if they do, it is a very cost-effective way to borrow money. True, not everyone likes sharing their financial problems with their employer and you may need to be very careful that you will be able to cope in the month ahead when your pay packet is reduced by the amount you have borrowed;
- If you do use some form of professional credit organization, it only makes sense to compare the products, facilities and charges between one option and others. In other words, shopping around is always a good idea.
The most important thing to do should you find yourself in such a situation is to stay calm and avoid panicking. You are far from alone and in a complicated world with many financial stresses your position is nothing to be embarrassed about or ashamed of.
It is though important to avoid becoming involved in what is sometimes called a “debt spiral”. Needing to occasionally borrow modest sums of money to deal with an unanticipated bill might not be an issue but if you find yourself needing to borrow money every month simply because you are unable to cope with your regular living expenses, then it might be sensible to seek specialist advice.
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Category: Loans
