Finding yourself suddenly short of cash is one of the most stressful occurrences. An unexpected expense or urgent bill can crop up at any time, and it can cause huge amounts of upset and stress. If this is happening to you, although it may feel impossible, try to stay focused and not let the stress build up too much.
For every problem, there is a solution which can present itself, if you take a breath, stay calm and approach a troubling situation from a calmer, more practical perspective. When there is a shortage of cash, there are a number of options that could help you get through until you are next paid.
One option is to look at the savings you have, and use a little of those to help you through. This is not something you should do regularly, or you will quickly use up your savings. However, for real emergencies, there is no reason why you can use a little of your nest egg to make life a little easier.
Another option is to speak to family and ask them for a little help. Most family members would rather be approached for help, than see a loved one suffering or worrying. If you have good family relationships, and you know you will be able to pay them back, then asking your family for help can be a realistic and simple solution.
Often, when people are short of cash, they look at ways of generating cash quickly and one option is to consider selling any items that you no longer need. This is not something you should do if you are planning to sell items you use or need. But if you have some items which are doing nothing but taking up space, then it is worth considering selling them on E-bay or in a local paper.
If you feel that you need money and want to borrow the money, then you could consider using one of your existing credit facilities, or you could apply for a payday loan. Payday loans are designed as short term forms of credit. As a result, they are not recommended for long term financial problems, or serious debt issues stemming from low income or unemployment.
If you are over eighteen, in employment, and receiving a regular wage, then you could be eligible for a payday loan. The best payday lenders will give you advice and information on how the loans work, the terms and conditions and the cost of the loan. And there will be no obligation to submit an application until you are ready to do so.
If you are short of cash, consider all your options. Do not feel harassed or rushed by anyone. Being pushed into making a decision can be just as stressful. Instead, think carefully about your options. If it is an urgent bill, first, find out if the company you owe money to will wait for a few weeks until you can make a payment. Most companies will be reasonable and accept a deferred payment agreement if you can show you will stick to the plan
If you decide to apply for a payday loan or other form of short term credit, then you will have a response to your application very quickly, sometimes within the hour. Successful applicants can have the money in their accounts within a few hours so they can deal with their emergency quickly and simply.
Spend time considering your options and choose the one which is best for you, your family and your finances. Above all, stay calm and remember that there will be a solution and that as long as you stay in control, you will be able to keep the stress at bay and get back on track quickly.