Hard Decisions on How to Pay Bills when Cash Strapped

Every once in a while you run into a month where your finances are all out of whack.  That is the situation I have been in the past two months unfortunately.  I fronted some money for some friends (most of which is paid back, and I have no doubts the rest will be in time) and I spent some additional cash that I didn’t exactly have in my checking account.

This wasn’t a disaster as I have excess cash in lots of different accounts.  However, I swiped a bunch of cash from my emergency fund to put it in my Roth at the beginning of the year and I have been a bit cash light.  A nice influx of income was what I was looking for to help take care of my extra expenses, so I started searching for fast cash, thinking that it could be a proper means of making all of my ends meet for the month.

The thing with online loans (I’d look online for them as a means to do research before selecting where to get one if you are in dire need) is that they don’t always have the best interest rates.  In fact, they rarely do.  However, for those that have maxed out credit cards, they may be the only option to get your bills paid.  I call every few months to try and increase my credit limit as to avoid these situations (and be able to take advantage of low interest rates when I need to carry a balance for just one or two months), but that didn’t mean I didn’t consider the notion for a moment when I was balancing my accounts the past few months.

There are a lot of lessons to learn here.  Don’t loan money out if it may impact your finances, have enough available credit so that you aren’t forced to look for payday loans in a tight spot, and do research before you make a decision on what method is best to level out your finances after a chaotic month.  If you come across this situation in your own life, I hope you take a step back and don’t act before assessing all the different options in front of you.

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Hard Decisions on How to Pay Bills when Cash Strapped

Every once in a while you run into a month where your finances are all out of whack.  That is the situation I have been in the past two months unfortunately.  I fronted some money for some friends (most of which is paid back, and I have no doubts the rest will be in time) and I spent some additional cash that I didn’t exactly have in my checking account.

This wasn’t a disaster as I have excess cash in lots of different accounts.  However, I swiped a bunch of cash from my emergency fund to put it in my Roth at the beginning of the year and I have been a bit cash light.  A nice influx of income was what I was looking for to help take care of my extra expenses, so I started searching for fast cash, thinking that it could be a proper means of making all of my ends meet for the month.

The thing with online loans (I’d look online for them as a means to do research before selecting where to get one if you are in dire need) is that they don’t always have the best interest rates.  In fact, they rarely do.  However, for those that have maxed out credit cards, they may be the only option to get your bills paid.  I call every few months to try and increase my credit limit as to avoid these situations (and be able to take advantage of low interest rates when I need to carry a balance for just one or two months), but that didn’t mean I didn’t consider the notion for a moment when I was balancing my accounts the past few months.

There are a lot of lessons to learn here.  Don’t loan money out if it may impact your finances, have enough available credit so that you aren’t forced to look for payday loans in a tight spot, and do research before you make a decision on what method is best to level out your finances after a chaotic month.  If you come across this situation in your own life, I hope you take a step back and don’t act before assessing all the different options in front of you.

15 Responses to Hard Decisions on How to Pay Bills when Cash Strapped
  1. moving company in Phoenix
    May 2, 2013 | 7:17 pm

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    might as well check things out. I like what I see so now i am following you.
    Look forward to finding out about your web page yet again.

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    July 24, 2013 | 5:41 pm

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    When I look at your blog site in Chrome, it looks fine but when opening in Internet Explorer, it has some overlapping.

    I just wanted to give you a quick heads up! Other then that, superb blog!

  4. Www.500FastCash.Com
    August 23, 2014 | 11:23 pm

    Under a guise of “helping those in need,” payday lenders offer loans regardless of patrons’ credit,
    thereby effectively preying on those who are most susceptible to such unjust practices.
    you ask your friends, relatives, and family members.
    In fact, over a million satisfied customers have been served, including those
    with less-than perfect credit scores, have been approved within five minutes and gained access to
    a maximum of $700 the following business day.

  5. citifinancialservicing
    September 3, 2014 | 10:16 am

    I don’t know if it’s just me or if perhaps everybody else encountering issues with your
    website. It seems like some of the written text in your content
    are running off the screen. Can somebody else please comment and let
    me know if this is happening to them too? This may be a issue with my
    browser because I’ve had this happen before.
    Thank you

  6. tracey walker
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  1. Steve Jobs
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