Avoid these common financial pitfalls
Cash Until Friday (http://www.cashuntilfriday.co.uk/) helps people to make it through until payday when money’s tight. We do more than just provide payday loans, however, we are also here to provide some helpful tips when it comes to managing your finances. For instance, here’s our guide to some of the most common financial pitfalls and how to avoid them.
- Failing to plan ahead
You know what they say, when you fail to plan, you plan to fail. Look ahead, try to forecast what you will need money for, what bills come in when, and how you’re going to fare financially over the coming weeks, months, even years. It may seem daunting, but a little planning ahead can do wonders for your finances. If you’ve failed to plan ahead and you’re finding pay day isn’t coming round fast enough, then there’s always one of our fast payday loans.
- Not learning from past mistakes
Even the most painful of financial mistakes can be helpful if we learn from them. Whether you overstretched yourself with a car loan in the past or you flex your plastic too often in the sales, think about how you’ve got yourself into hot water financially and you’re less likely to fall into the same traps again.
- Keeping up with the Joneses
Most of us are guilty of wanting to keep up with our friends, colleagues and neighbours, and sometimes that can mean buying the latest must-have handbag or even a new car, just to keep up! This is a sure-fire way to get into financial trouble. And remember, they may be making the same financial pitfall and can’t afford it either!
- Living on the ‘never never’
There’s a lot of credit out there and it’s tempting to put things on the ‘never never’, but purchase now, pay later deals can get you into trouble unless you can be sure you can afford the repayments in the future. Short-term, instant payday loans are the opposite of living on the ‘never never’, as you’re not getting into long-term debt.
- Burying your head in the sand
Unfortunately, this pitfall is at the centre of most people’s financial problems. If we don’t accept the fact we are in financial difficulty, we can’t address the issue. Facing up to facts is key to getting out of the mire. This means opening up those bills, reading those bank statements and addressing the issue face on.
- Not asking for help
Finally, don’t be afraid to ask for help if you feel your hold on your finances is slipping. Speak to your friends about how they make it to payday, after all, a problem shared is a problem halved.
To find out more about our payday loans go to http://www.cashuntilfriday.co.uk/.
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