Short Term Cash Loans

Written by Liza Hartung
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Short-term cash loans can prove to be some wonderful lifesavers. We have all had times in our lives where we had bills due, cars to fix up or some other financial emergencies that brought our lives to a screeching halt. After such an emergency, many of us are left in a precarious financial position, which means that any subsequent financial requirement could put us right back where we started. If you are living paycheck to paycheck without any savings to speak of, you are in a danger for this kind of situation.

You would be best advised to come up with a plan now for what to do in case an emergency happens later. If you like to dine out in restaurants a lot, you might want to cut back a bit. If you like to shop for clothes, books, art supplies or other non-necessity items, create a small budget if you can't give them up completely. The money that you aren't spending should be put into a savings account and not touched.

Most financial advisors (and people who are good with money) will tell you to save at least 10 percent of everything you earn in your savings account. Don't even make it an option. When you get paid, move your money to your savings. Assume that your savings account is not active, or that you don't even have it. This will keep you from dipping into it for frivolous things like a Friday night party. Many banks will let you set up an automatic transfer so that you'll never even have to make that transaction yourself--it will simply happen each time you get paid.

In the Meantime

While you are waiting for your savings account to grow, there is a way to get fast money in emergency situations. You can apply online for a cash advance. Only take out out the money that you need, as you will have to pay it back in a few weeks' time. Don't think of these advances as free money--they aren't. You're paying for the convenience of getting cash when you need it. Spend accordingly.


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