Often times when we spend money we don’t really have, we fail to ask ourselves if that particular purchase is a want or a need. This question can also be asked of a payday loan online. At the time it may seem like something we can’t do without but have you ever gone home, looked at what you bought, and realized that you didn’t really need it? That’s why we really need to consider what our spending priorities are in a conscience effort to stick with our monthly budget. If we really consider our purchases before we finalize them, we lessen the risk of jeopardizing our ability to take care of the necessities. So next time you are tempted to buy something and aren’t sure if you can afford it, ask yourself this: Is this a want or a need?
Because the line between “wants” and “needs” can often times be blurry, it is important that we have a clear understanding of exactly how to define those two things. Absolute necessities are: food, clothing, and shelter. Near necessities are: reliable transportation, car and health insurance, utilities, cell and home phone, child care expenses, and personal care expenses. Anything else that doesn’t fit into those two categories is probably a want, not a need.
So what happens when you overspend or legitimately fall short on finances and do need help paying for something that is truly a need. There are times when a flat tire, dental visit, or last minute gift can put a crimp in our budget. Maybe you don’t want to take the traditional route with a bank loan. Perhaps you are uncomfortable going to a family member or friend. One thing remains; you need help taking care of those monthly bills that can’t wait until your next paycheck goes in the bank. That is when an online payday loan may be your solution. These types of loans are short-term and are expected to paid back when you get paid. In some cases, you can extend your payments if your paycheck doesn’t allow for full repayment.
Online payday loan lending services make it simple and fast to get the extra cash that could make the difference between taking care of your bills or risking paying late fees, re-connection costs and overdraft charges. Not too mention being short on the rent or having the electricity shut off on the first place. Once you have caught up on your financial responsibilities, you can repay your loan and work towards budgeting for the following month while keeping in mind exactly what are wants and what are needs.
Taking care of the necessary bills is important to making a budget work properly. A mortgage or rent payment, utilities bills, car and health insurance, groceries and gas are all things most of us can’t function without. These costs are considered monthly necessities and therefore need to be a priority in our budget. Being financial responsible can only make for a better future for you and your bank account. If necessary, have some accountability with a spouse, family member, or friend when considering caving into temptation with a purchase. Perhaps you want to set a dollar amount in which you must call that person before you buy something. Consider paying cash for your purchases. Leave your credit cards at home so you don’t have the choice to make a purchase if tempted. Whatever it takes, be honest with yourself about your purchases and before you get in the check out line ask your self: Is this purchase a want or a need?
