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.

22,559 Responses to Hard Decisions on How to Pay Bills when Cash Strapped
  1. 메이저사이트
    May 22, 2019 | 8:31 am

    The article has really peaked my interest. I am going to take a note of your blog and keep checking for new details about once a week.

  2. wholesale nike nfl jersey
    May 22, 2019 | 9:15 am

    You have noted very interesting points ! ps nice website .

  3. Amyesses
    May 22, 2019 | 9:49 am
  4. 먹튀검증소
    May 22, 2019 | 10:02 am

    Post writing is also a excitement, if you know then you can write if not it is difficult to write.

  5. cheap nfl authentic jerseys
    May 22, 2019 | 10:20 am

    Nicely I undoubtedly enjoyed reading through this. This particular tip provided by a person is actually very useful with regard to correct preparing.

  6. wholesale nfl jerseys free shipping
    May 22, 2019 | 10:21 am

    Can I simply say what a relief to search out somebody who truly is aware of what theyre speaking about on the internet. You undoubtedly know the way to convey a difficulty to light and make it important. More individuals must read this and understand this facet of the story. I cant consider youre no more common since you definitely have the gift.

  7. Sonvqg
    May 22, 2019 | 10:42 am

    buy tadalafil generic cialis

  8. http://bit.ly/2W9MlbE
    May 22, 2019 | 10:51 am

    A financial advisor is your planning accomplice.

Leave a Reply


Wanting to leave an <em>phasis on your comment?

Trackback URL http://mynextbuck.com/how-to-pay-bills-when-cash-strapped/trackback/