If you want to start the year off right, you may want to develop a plan to rid your need of fast cash advance money. When you look through your budget it may seem that you have no room to cut back, but it may not be necessarily true. Some budgets need more help than cutting out restaurant visits or the cable bill. It is important to look carefully at every cost in order to live within your income.
One expense that often gets overlooked is insurance. There are ways to cut back on your monthly bill towards home and car insurances. The plan of action is to set up an appointment with your insurance agent and talk about your current plan. Could you increase your deductible or find other ways to tweak the basic coverage and save money? You may only make a $10-$20 change, but even small changes can help. Think of what you could do with the extra cash. Could you pay down your cash advance loan or some of the credit card debt? Would you be able to start a savings account and only touch that money in an emergency? It will you save you money in the long run if you have a savings to go to rather than applying for a fast cash advance or overusing credit cards.
Take a look at your cell phone bill. Do you really need to commit to such a large plan or can you conserve money by lowering your data and/or minutes per month? If you don’t have a contract, you could switch carriers and take advantage of sign up incentives with less expensive plans. It may be a bit inconvenient to use the phone less often, but you can do it. Creating a plan to save is only the first step to changing your habits. You will want to be just as devoted to creating new habits if you want the plan to work. Remember that every dollar saved is one dollar more to cover additional costs. It’s a much more inexpensive way to handle your finances than using online cash advances or credit cards to cover emergencies.
Read the signs before you need a cash advance.
When you watch your budget plan carefully, you can often divert the need for outside money help. Stop the disaster in its tracks. Keep track of any extra spending and plan for money to be in your account on the days your bills are due. When you assign certain bills to paychecks you will know how much is leftover for ‘other’ expenses. It may be a bit inconvenient at first, but once these habits become a part of your everyday life you will see how easy it is to live within your means. Credit cards and cash in advance are good for emergencies but are too costly to be used for everyday matters.
Don’t stop. Some people get addicted to the life style and continue to work at ways to save. Once the debt is paid down, you will have money to stash away in your savings, retirement funds and even college funds for your children. Use your income to guide your budget. Living debt free is a comfortable way of life.