Did your New Year’s resolution to straighten up your finances land you back at the online cash advance application page? Was it the backlash from all that holiday shopping you did or has there been an onslaught of new emergency costs? Whatever the reason behind the budget fallout, it’s not too late to try again.

Minimize cash advance usage.

Failing at something you set out to do, especially right out of the starting gate, can be quite discouraging. Since debt will not just disappear all on its own, there are ample chances of get back to the gate for another try. You might want to take note or at least reflect as to why the failure happened; doing so will help to prevent it from reoccurring. No one plans on using cash advances online for the fun of it, but they do help during a financial crunch.

Tips for handling the aftermath of the holidays:

• Collect all credit card statements for review.
• Target balances which are larger than 20% of the available limit.
• If you have many, put the ones with highest interest rate on top.
• Focus on one at a time and pay down the limit.
• Look to consolidate some of the credit cards.  Less interest will be paid this way. Always convert high interest balances to low interest cards.
• STOP spending. If you continue to use the cards your efforts to pay down the balances will be defeated.
• Cut back in other budgeted areas to put more in savings or pay extra on balances.
• If you are aware of budget setbacks, call your creditors to make other arrangements when applicable. Creditors are more willing to help those who are proactive.

Pay off cash advances as soon as possible.

The faster you can pay back last year’s expenses, the better prepared you will be to tackle the present one. Using an online cash advance would be helpful to keep on-time payments or fill in the gap till the next paycheck comes, but only if you can pay it back on time. Keeping short-term loans out for longer periods will only eat away at your already taxed income.

Speaking of taxes, are you working on yours? Will there be any type of return or will you be liable to pay in to the IRS? This is another crucial topic for this time of year. Many people overspend during the holidays banking on a tax return to recoup the budget. Statistically, there will be more than 80% of taxpayers who will use their tax return to pay down debt. What happens to finances until that check clears? Short-term cash advances will help to protect accounts in the meantime. These loans may not be best used for everyday occasions, but when it comes to protecting finances they are often a cost-effective way of saving the long-term financial situation.

Spotya! Cash Advance is a responsible lender.

Spotya! Online Cash Advances will help relieve a bank account for a short period of time. They are not intended for everyday use nor will they be low cost when used too often or not paid off on time. Use these loans sparingly and for emergency purposes for the best financial results.