Monday, October 08, 2007

Money woes

Financial advisers suggest to have at least 3 months worth of emergency funds. It means that if you typically need $2000 a month to live off of, a good cushion would be $6000. My ex boyfriend, a Chinese businessman used to tell me "pay yourself first". He said I should keep 10% of whatever money I earn. It's a pretty simple concept, right?

But how many times do we actually follow these advises? What about those who live paycheck-to-paycheck? Sometimes circumstances just prevent us from saving for that "emergency fund". And what do you do when an unexpected emergency arises and you are not prepared for it? Who can you turn to?

Payday loans might just be the answer you are looking for. Loan processing has never been easier thanks to the internet. Loans are completed faster and if approved, monies are wired to your savings or checking account overnight.

Be prepared for the unexpected. If not, so be it. There's still hope.

2 Comments:

At 10:43 PM , Blogger Plain_Jane_Too said...

Hello, I am sure your post on PayDay Loans was posted in good conscience. Am not sure if it is a sponsored post as there was no mark.

However, being a military family (yourself and mine) I thought it would be prudent to let you know that the Center For Responsible Lending has considered this type of loans "predatory" and military personnel are particularly vulnerable.

Here is a link: http://www.responsiblelending.org/issues/payday/military.html

 
At 6:39 AM , Blogger Unknown said...

plain_jane_too: Yes, it is a sponsored post. I just forgot to mark it as such as i was in a haste. I am aware that these kind of loans are considered predatory and can cause a whole lot of trouble specially to military people. They banned it in some military installations (if i remember right).
That is also why i immediately posted another entry to sort of "cover up" this one, to be on the safe side.

My blog is not popular and I have probably about 3 or 4 readers, so I thought it was safe to post. I didn't mean to offend you nor anybody, but if i did, i apologize.

Thanks again for dropping by, i do appreciate your input.

 

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