Category Archives: Money matters

What You Need to Know About Paycheck Loans

If you’ve ever experienced having a new job, and you’re waiting for that paycheck to come in, you know that it gets tiring waiting for it to hit your account, especially if you’re in need of that cash. If you’re not strapped for cash, it’s always a good idea to save your first paycheck.

A cash advance is easy to get and can be a lifesaver, even more so if you know how and where to get one. There could be a myriad of reasons why you’d need a cash advance, it could be unpaid bills, surprise expenses, medical emergencies, all of which are completely valid. Whatever your situation may be, a cash advance is something that can help you out in times of need.

Photo by Emil Kalibradov on Unsplash

In the case of needing a cash advance before your paycheck, there’s a solution for that. The aptly named paycheck advance is something that you can get from your employer or from payday lenders. They’re designed to help you with short term costs which you will need to pay the moment you get your next paycheck. 

With that being said, you should familiarize yourself with what payday loans are, and how payday loans work. 

So what exactly are the advantages and disadvantages of getting a payday loan?

One of the biggest advantages of payday loans is that it’s easy to acquire. As long as you are above the age of 18, have the important documents on hand, like government and official IDs, as well as a proof of income. You don’t even have to go to an actual bank to get one, you can do it in the comfort of your own home with online banking!

They’re so accessible and easy to get that even someone with poor or no credit score can apply for one. Some lenders might require you to use assets as security (i.e. cars, property, etc), but with payday loans, none of that is required. You can still be eligible to borrow money without putting personal properties on the line. 

As with all loans, there’s disadvantages attached to them too. One that you should think about, is that they can be very expensive to pay off, especially when you factor the interest rates which can vary a lot. You could easily find yourself in a debt cycle if you are not careful. Not to mention some companies take unpaid balances seriously, and you could easily find yourself with some future headaches.

All of this means that you should only ever borrow what you need. While it might be tempting to borrow large sums of money, it isn’t really wise to do so. Check around to see if it’s right for you, some lenders have different terms of conditions, so you have to keep that in mind as well.

Should you get a payday loan? That’s something that you have to really think about. As much as possible, outweigh your pros and cons, and really do your own research before getting one. It might be a good idea so long as you think it’s reasonable and you’re sure that you can repay it back even with the interest fees. 

If you however decide to get one, it’s always a good idea to look around for more information. A good resource is https://moneymutual.com/cash-advance/. 

Top Recreational Activities You Can Do When You Retire

Image courtesy of stockimages at FreeDigitalPhotos.net

Image courtesy of stockimages at FreeDigitalPhotos.net

Now that you are getting ready to retire, you ought to be congratulated because you have gone through the hardest part of your life. You are now on your way to enjoy the fruits of your labor. You are looking forward to a relaxing time with your partner or maybe with the rest of your family members but what happens if you would have too much time as in you do not have a lot of things to do?

Here are some recreational things that you can do in order to spend your time the way that you want to:

  1. Take up a new hobby.

Think about a hobby that you have always wanted to do like painting or sketching. You can take some classes that will allow you to increase your skills and eventually make some paintings that will make you feel happy. You can also start searching and collecting for old and new coins. Perhaps you can start your collection by checking out local collectors.

  1. Play sports.

Who says that just because you are a retiree you cannot play sports anymore? You can always play the sport that you want. When you were working, you never had time to practice, train and actually compete with other sports enthusiasts.

  1. Start a business.

You are at this point in your life when you may have a little bit of money saved and you want to make the most out of it. You can start a business that you have always dreamed of. Did you always wish that you will have your own bakery? Perhaps you want to make a tour business. It will be your choice.

Remember that you can connect with other retirees at this point in your life or you can always link with the people that you love the most. You now have all the time in the world. It is up to you to make the most out of it.

Debt Free Living Tips

Image credit: iosphere at FreeDigitalPhotos.net

Image credit: iosphere at FreeDigitalPhotos.net

Adults would have one wish: to live a life, debt free. Having debt is already a common thing nowadays. This is because people’s standards of living have increased over the past years. People are expected to have their own homes. People are expected to have the latest gadgets, the latest items that can make them a part of society.

While those who are already in their golden years would just have to think about their reverse mortgage, an adult like you who is starting to build up your savings would need to know how to lessen your debt and eventually, make it go away. Some things you can do are the following:

  • Get Rid of Your Credit Card – Your credit card is not exactly evil but it may prompt you to purchase things that you do not actually need because it is easy to make use this plastic to buy things.
  • Do Not Live Beyond Your Means – If you are only earning minimum wage, do not act as if you have the same salary as the CEO of the company that you are working for. You can still be happy without conforming with the rest of the people that you are with and if they truly like you, they will accept you for who you are.
  • Always Save – A part of your salary should automatically go to your savings while you can already splurge the rest.

These simple tips above will allow you to live a life debt free. Try these things out and you will not regret it.