Everybody is sometimes surprised by unexpected expenses, which literally make a line through the budget. Waiting for the payout then seems like a really long and bad movie. Is your account a void a few days before the payout? Especially no panic! We will advise you on how to grind out of a precarious situation.
1. Plan your expenses
Divide the amount you have left in your account by the number of days that you still have to spend before payout. This gives you the maximum amount you can spend daily. If you have $ 50 a week by the time your money arrives, that means less than $ 5 a day.
This is not a staggering amount, but it can survive with it if you get stunned. We will not tell you that this emergency mode is a lot of fun, but try to perceive adherence to the plan as an adventure – if you met a beaver of silence at the camp, you will surely be able to cope with limited spending.
2. Eliminate unnecessary spending
Safe Mode will make you realize where you can save money. The positive thing is that you may bring some new habits to work. Are you used to lunch at the restaurant during weekdays? This will not allow you to have a temporary “pre-pay” plan.
What with this? Simply prepare your food for the next day at home – although it may not be a first-rate steak, but you don’t have to spend a fortune on quality ingredients . Just use your imagination in the kitchen, dust up cookbooks, or search the internet for recipes.
The same goes for sport or culture – choose a solution that costs you nothing. Go for a run, work out at home and play your favorite classics downloaded from the Internet or DVD instead of movie news.
Do you count every crown? Try to plan your spending for the next month
3. Avoid ill-considered solutions
Finding yourself without funds is not pleasant, but you should still avoid hasty solutions in the form of money from questionable credit companies . Payday Loan, Payday Loan for Everyone, Payday Loan Immediately on Account. Although all this sounds simple and even tempting, in fact, similar loans, which at first glance may look friendly and advantageous, are subject to high interest and disadvantageous conditions. And they can get you into a debt carousel that is hard to jump out of.
4. Use emergency helpers
Do you have an overdraft facility for Uncle Priest? It is now time to take advantage of your account overdraft. The same applies to a credit card, if available. But do not be tempted by the prospect of easily earned money, and use only the amount that you absolutely need , so that you can easily repay the obligation without unnecessary interest.
If you don’t have one of these products, you can also use a deferred payment to resolve unexpected purchases. You will receive the selected goods right away, but you can pay for them at any time within 14 days of delivery, ie when you are no longer “dry”. Unlike the loan, the deferred payment is free of charge.
5. Start creating a financial pillow
Take the crisis management experience as a sign that you should gradually build up a financial reserve for worse times so that you do not have to deal with such a precarious situation again. You do not have to put aside huge sums – even lower sums count and are better than nothing.
Ideally, then your savings should amount to at least the amount that you would have lived for three months in the event of a complete loss of income. It is clear that you do not organize such a sum from month to month, but the sooner you start saving, the better you will be able to face a situation where you will be taken aback by expenses you did not expect.