Does your debt feel like you are walking into a large pool of quicksand? The harder you struggle to escape the weighted feeling, the further you sink? It definitely sounds like the effects of being in a pool of quicksand without anybody to help you out. The problem with debt rings true to a similar situation in which most often, in order to climb out, you will need a helping hand. Would you go to your credit cards, a safe cash advance online lender, a relative or an outside counseling source in order to obtain that helping hand?
For those people who live paycheck to paycheck, the more income we extend towards debt payments, the less we have to use for current costs. What we end up doing is using those same credit cards and our debt totals increase. Eventually there is no more room left on the credit cards and those needing desperate money will often turn towards safe cash advance online applications to help cover the current budget. The loans are being used for emergency payments, but the individual’s financial situation will not support a successful payoff. Those people living paycheck to paycheck will not have the loan plus fees available the next paycheck. These folks will fall into the cycle of debt so typically familiar to cash advances.
How can you escape the sinking cash advance cycle of debt feeling?
Just like stepping into the real thing, the more you panic, the quicker you sink. If you don’t have a person to rescue your finances, then take some deep breathes and plan on steadily maneuvering yourself out of the muck. A quicksand expert would tell you to keep as much air in your lungs as possible. The extra inflation will help to keep you buoyant. In respect to your cash advance debt, think about your bank account as your lungs. the more money you have to work with, the more steady of a climb it will be out of the pool of debt.
- Use your buoyancy as an advantage over the situation. Fill your account with as much money as you can. Cut back from other budgeted areas or do some odd jobs to add to the pot.
- In quicksand, make slow and steady movements to get your body onto its back. You may be stuck, but slow and steady movements in the right direction are important. Cash advance debt will continue to attempt to bring you further in debt with every payment cycle. Interest payments will siphon your income, but it is your readjustment of other funds to pay the principle which will eventually land you on your back and out of immediate danger.
- The fact that the loans are only for a few hundred dollars are a saving grace. Believe or not, the majority of quicksand pools are only a few feet deep. There may be pockets which are chest deep, but if you don’t tire yourself in the struggle, you can successfully climb out alone. A few hundred dollars as one lump sum is a lot to come up with, but cutting the loan into smaller chunks will calm the desperate struggle.
- Slow and steady wins the race! It also gets you out of debt and quicksand alone.
Keep a cash advance for a time you can afford to pay it back. If you focus on balancing your credit card debt so the accounts are not maxed, you will have some cushion to use in emergencies. Go for your walk prepared to find your way out; same applies to your finances. When you have extra to help when things get tough, you may never need to use your financial crisis plan of escape.
