Now Is the Time to Get Yourself on Track to an Awesome 2012
by Kevin Schneider on September 21, 2011
Tomorrow will be September 22nd, which marks the first day of fall for most Americans. While there is a lot of bad news appearing every day about new natural disasters, economic troubles, arguments in Washington and so on, it’s important to remain optimistic. Fall may classically be associated with reaping the harvest from spring and summer, but in terms of your finances, it could be a great time to get your affairs in order, finally.
For most people in America, the weather is beginning to change, and you may already be seeing the leaves changing color. According to NASA, September 22nd is usually the start of the start of the season, though in 2011 it may be closer to the 23rd. Summer is a time when most of our finances undergo the strain of vacations, kids out of school, and any number of uncommon expenses.
With the coming of colder weather, it can be easier to control your monthly budget. Your routine has a tendency to remain a bit more stable than when the weather is nice, and you can get your spending habits in line. Now is the best time to start because you have time before the holiday season begins to pay off any outstanding debt, or at least get your payments in order.
If you are finding that you would be able to pay off things like medical bills or overdraft fees quicker if you could just get a little quick cash, try getting a cash advance. While this option may not be everyone, it can mean the difference between paying overdraft penalties for months on end, and having a little debt you can pay off in a timely manner without any penalties.
Getting a cash advance requires responsible spending so that you can repay the loan without incurring any late fees. Now may be the perfect time, summer travel is over, Halloween is still weeks in the future, and Thanksgiving and Christmas are still months away. You may have no better time all time to keep control of your budget and limit extraneous spending. For many, fall may be the beginning of the end of the year, but for others it can be the start of a new beginning.
Preparing for Disaster May Need Spending A Little Now to Save Big Later
by Kevin Schneider on September 20, 2011
This has been one of the worst years on record for natural disasters. Hurricane Irene, the East Coast Earthquake, wildfires in Texas have all caused property damage in the hundreds of billions of dollars. However, perhaps no type of disaster this year has been more deadly than the tornado.
According to the National Weather Service, tornados have caused 550 deaths in 2011, the yearly average is closer to 55. Also far above average is the sheer number of twisters. The NWS estimates that the average year will have about 1,300 of the storms, 2011 had to endure more than 1,500.
For this reason, people have been buying up disaster shelters and insurance like there is no tomorrow. According to Joe Zinser, who runs TornadoandStormShelters.com, “We can’t build [shelters] fast enough to satisfy the demans. If you order now, it will be January before you even get it in.”
2012 Armageddon prophecies aside, it is time to make sure you’re ready for next year. This may mean planning for tornados by getting yourself a shelter, but it could apply to any kind of danger in your area. In fact, even if natural disasters aren’t an immediate concern in your area, getting homeowner’s or renter’s insurance is great in case a disastrous burglary should happen.
FEMA, the Federal Emergency Management Agency, has numerous materials available on its website detailing how to prepare for any kind of severe weather. This may be as simple as keeping your gutters clear or have your roof inspected so it can withstand the coming winter’s snow.
But how to pay for all this? If you need to start some home improvement projects now, but are short on cash, getting a cash advance can help even out the expenses. You can get the money you need now, and pay it off in installments. Just like preparing your home though, you need to plan ahead when getting a payday loan. Make sure you can pay your loan off in a timely fashion to avoid interest fees and late penalties.
Of course, don’t take this as fear-mongering, but being ready for something never hurt anybody.
You May Need to Perform a Fair Bit of Math, but It Will Be Worth It in the End
by Kevin Schneider on September 16, 2011
A cash advance can be a great way to keep yourself from falling deep into debt when you need emergency cash. Laws may vary greatly from state to state. But no matter where are you when you apply, it is important to understand what those laws are, the fees they allow, and other important information in regards to your loan, even if you have to do a little math.
Consumer protection laws require all lenders to provide you with detailed descriptions of all the fees, interest rates, and penalties which may be associated with your loan before you have to sign any contract. Some people may take this law for granted, assuming that each loan is pretty much the same and signing their name before reviewing the terms. It is extremely important that you pay attention to exactly how much your loan is going to cost.
Payday loans have a higher interest rate than other types of loans. This is because they do not require collateral or a credit score. Furthermore, the interest rate and fees can be completely different in each state. When you receive the details of your loan, take your time with this information.
It is a great idea to go so far as to take out a calendar and calculator when looking at your loan contract. Look at when you need to start repaying the loan and how much money your next paycheck will allow you to repay at that time. Calculate how much interest you will be charged over the life of the loan and schedule the days you need to make payments.
Crunching the numbers of your loan will allow you the chance to really think about how you will pay off the money you borrow in a timely fashion. It can also give you an idea of how much you may need to change your usual monthly budget in order to account for the added cost of this new loan. Again, never sign anything you have carefully reviewed. If you are confused by exactly how much you may be charged, get help from a friend who can help explain it to you. Your lender should also be able to help you out, but getting the advice of an objective observer, or someone who is biased towards helping you, can mean the difference in your loan experience.
Remembering Great Hispanic Americans Helps Us Learn From the Past and Improve Tomorrow
by Kevin Schneider on September 15, 2011
September 15th marks the beginning of National Hispanic Heritage Month. It is a time when everyone in the country takes note of the important contributions Hispanic Americans have made to this country. It is also a time to think about all the wonderful things that Hispanic Americans will produce in the future.
The theme of this year’s celebration, according to the official National Hispanic Heritage Month website, is “Many backgrounds, many stories…one American spirit.” The reason for this theme is related to the variety of different cultures and nationalities which are considered Hispanic or Latino.
In fact the day the month begins has great significance to many Hispanic Americans. As the site says, “The day of September 15 is significant because it is the anniversary of independence for Latin American countries Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua. In addition, Mexico and Chile celebrate their independence days on September 16 and September18, respectively.”
When Americans throughout the country remember the past and look forward to the future, it is important to also prepare for what events may come. Not every day will a success. Failures and misfortune abound in life, and in order to keep yourself ready, maintaining financial security can be paramount to a happy life.
But of course, there are some events for which no amount of preparation can fully cover. Car accidents and emergency medical expenses can quickly run your savings dry. It’s true that sometimes “when it rains, it pours.” Let’s say it’s raining, you get into a fender bender, step out of the car, slip, and sprain your wrist. Now you have to pay for car repairs and medical bills.
If you find yourself scrabbling to pay bills due before you get your next paycheck, getting a payday loan can be the difference between a healthy lifestyle and eating ramen noodles for three weeks. By getting a cash advance on your paycheck you can avoid late fees and keep your finances from spiraling out of control. It’s a great way to ensure that your future can be spent striving for greatness instead of fretting over how to make ends meet.
City Council Hopes Ordinance Will Inhibit Growth of the Industry
by Kevin Schneider on September 14, 2011
The Birmingham City Council has decided that it does not want any more payday lenders within the city limits. A recent ordinance will prohibit payday lenders from opening new stores in the Alabama city. The move will limit the options available to Birmingham consumers in need of emergency loans, but may also help curb the threat of predatory lenders.
“Our folks have been bamboozled and hoodwinked about these pay day loan operations,” said councilman Steven Hoyt. The city council feels that the number of payday loan stores has reached a critical mass. Says Councilwoman Lashunda Scales, “Our communities have been inundated throughout the city of Birmingham with these types of institutions.”
The council will not be able to institute a full ban on the industry, however, as state law allows payday lenders to operate in much the same as in other states.
“This ordinance does not deal with the existing businesses of this type,” says Scales, “however it does restrict anymore of those kind of businesses to come into our city.”
The ordinance is not without its share of critics. Charles Hunter, who works for Borrow Smart Alabama, an industry group for payday lenders in Alabama, has said the ordinance will cause people to live with one less way of making ends meet. “They’re in every community in this state,” said Hunter, “providing short day cash loans to people who cannot get short term loans any place else.”
As recent Census Bureau statistics report, there are over 46 million Americans currently living below the poverty line. Alabama and other southern states all rank high in the amount of people living with poverty within their borders. While not quite so high as neighbors Mississippi, Louisiana, and Georgia, which are the top 3 highest, Alabama nonetheless struggles with the problem.
The hope of the Birmingham City Council is not to force people to stay poor, of course, instead the council hopes to stop predatory lender from unlicensed lenders. While most cash advance locations are legitimate business, as with any industry, counterfeit products arise. To learn more about protecting yourself from scams when getting any type of loan, visit the CashAdvance.com Scam Report.
Don’t Blow Your Food Budget on Bullets, Not Everyone Bags a Buck
by Kevin Schneider on September 13, 2011
For many Americans, September is the one of the biggest hunting months of the year. Depending on the state in which you live, you may be preparing to go out and hunt yourself dinner for the next month. Whether you are looking for deer, waterfowl, or even moose or wolf (yes, there are now hunting permits for them too), be sure you don’t count your chickens before their hatched. If you spend all your money on new gear, like that new blind your buddy used last year to bag a 12 pointer last season, you may end up with nothing but debt after the hunting is over.
Saving money is always important, but when you go hunting, having a nest egg can really help later. While your budget may not be so tight that you aren’t relying on bringing home 10 turkeys, hunting is a sport which can cause injuries in a variety of ways. Accidental shootings are reported every year, not to mention the general hazards that occur when hiking, climbing up a tree to stay in a blind, or any number of other outdoor hazards. For example, animal-borne diseases are an uncommon danger which can land you in the hospital with a mountain of bills you may not be able to pay.
There are a lot of things that can happen: You may damage your car driving down back roads to get to your favorite hunting grounds, get a ticket from a ranger, or trip on a root and break your wrist. When you have these kinds of sudden, expensive dilemmas, you may need some quick cash to keep you on your feet until the next payday. A cash advance may be the best option when you can’t wait two weeks for your next check.
Just like you need to plan before a hunting trip, though, you need to be careful when planning how to repay a payday loan. Cash advances are not meant to last more than a month or so, depending on your state. Be sure you can pay off the loan in that time. Just like you would never go hunting without some way of bringing home your kill, be prepared that you can take out the quick cash you need and still pay it back later.