bridging the gap between pay days
Since I started working part time (nine days a month) on my current company and freelancing with the rest of my days, I have learned the value of money by experiencing the rollercoaster days – the up days and the low days. Up as in having wads of spending money, and low as in I could barely make ends meet and I have to make use of my credit card.
I hate using credit cards though because of the finance charge and interest rates. Consequently, I thank God profusely for payday loans. In case you don’t know, a payday loan (also known as cash advance), according to Personal Cash Advance is “a small, short-term loan that is intended to bridge the borrower’s cash flow gap between pay days”.
Do keep in mind though that this is not for repeated use. That is, payday loans are only for short-term use and you should only avail of it whenever an urgent and important need arises. Remember the rule of moderation.
The best way, of course, is still to spend only with what you have. But if you are still having difficulty in budgeting, do seek help from the National Foundation for Credit Counseling at 1-800-388-2227.
