We’ve all been there haven’t we! Too much month left at the end of your wages. In fact, I reckon a lot of people hit that point around halfway through. I know I used to. Having been used to getting paid weekly pretty much my entire working life, when I changed jobs and the pay was monthly (or 4 weekly when I worked in Morrisons) I struggled. A lot.
There was always something to pay, be it a bill or a birthday. Or just a day in the week. Lunches for work. Drinks for Saturday night. It goes without saying that there wasn’t really much left over for emergencies to be honest. I’m not the best with budgeting and I’m very pro teaching this in schools as part of the national curriculum. I’ve never once had to know the square root of Phi but if I was taught how to budget my wages over any given month that would have been ridiculously handy.
That being said there are certain things you just can’t budget for. Unexpected household repairs or the replacement of appliances usually come out of the blue and all together as is my experience. I mean why just have once appliance break down when you can have 2. Like last July, as Facebook so kindly reminded me the other day. Not only did I mange to kill yet another washing machine (my 3rd in under 4 years) I also lost a microwave too.
Microwaves are a dime a dozen these days really and you can easily pick on up when doing your weekly shop round the Asda or Tesco’s but a washing machine? That’s a whole different ball game really. Personally I don’t know many people who would have around £200 -£250 just lying around spare to order one straight off do you? I am lucky to have £20 never mind £200.
There are so many options for you to look at when something like this crops up but how do you know which is the best option for you? There are many different things to consider before making a choice on borrowing money. The first being can you actually afford the repayments? Then look at what you need it for, how much do you need and how long do you want to be paying it off for amongst others.
If the answer is not much, and you want to pay it off quickly then a Short Term Payday Loan may be your answer.
A Short Term Payday Loan is exactly that. A one off loan to be paid back out of your wages and a fixed sum of interest depending on how much you borrow and how long you need it for. There to be used to help you in an emergency, Short Term Payday Loans can usually be paid the same day meaning you can get sorted quickly.
Companies like Vivus offer same day decisions with Short Term Loans from £100 to £300 to be be paid back within 10-41 days depending on when you get paid. But how do you know if this is the right option for you?
When to use a Short Term Payday Loan
However if the answer to any of these questions is no then you may want to look at other options. Always check your budget and make sure you are 100% comfortable with repayments for any type of loan or credit agreement you take out. Please borrow responsibly and seek advice should you have any concerns about your borrowing.