How much are you willing to pay direct payday loan lenders to help your budget succeed? Are you willing to continue paying direct lenders and creditors over a long period of time? You may want to double check your financial records to see how long you can continue carrying the outstanding debt. What would you be willing to do in order to break that relationship up? Could you be enticed to make a financial change if you knew that instead of paying for the service you could be paying yourself?
Would you rather pay your direct payday loan lenders or pay yourself?
Have you ever used money from a savings account rather than relying on direct payday lenders online? Did you pay yourself a service fee? If you didn’t, you may want to reconsider this money making opportunity. Anywhere else you go, you will be charged interest fees for using a third-party money service, why not pay your saving’s account?
Every month your income gets deposited into the bank. Creditors, utilities and mortgages are paid but you do not pay yourself. Why? You work hard for your money; shouldn’t you see a portion of it go into your savings account? If you haven’t thought of it, it’s a great opportunity for you to start.
There are people who try to have a few hundred dollars in their savings account for the sole purpose of digging out their checking account when the budget isn’t balanced. In order for the idea to be most useful, the same person will want to return the money as fast as possible. This acts a bit like online payday loan lenders without the interest charge. Why not? It is a great way for you to turn your savings account into your own personal business.
Want to play hardball? Charge yourself a fee according to the amount transferred. Would you like to add some interest to the game as well? If you don’t have the money returned to the savings account by the next paycheck, the amount owed just increased. Each time you need another paycheck to pay it back it will cost you. Look at the bright side, there will be no credit bureau check or collectors if something was to go wrong and if you follow your own terms and conditions, your savings account just grew!
Of course, if you have no savings account to fall upon, you will want to keep paying yourself something (even if it is just $10 every pay period) in hopes to build one before a financial emergency hits. If you don’t make it in time, you will most likely have to rely on an outside money source.
Be serious about using other’s money. Decide how much you want to pay them for the use of their money and stick to the plan. If you are going to use a credit card, don’t allow the minimum balance to be your focus. Depending on your creditor, you may even be able to use their money for free if you pay it all off when the statement comes. If credit is not available and you need to use direct payday lenders, then do whatever it takes to keep their hands out of your pockets.