5 Ways To Keep Your Finances On Track
There are numerous reasons why you might suddenly need cash, and one of the most worrying are those occasions when the latest crop of bills pour into your inbox or through the front door. From utilities such as gas, water and internet broadband through to emergencies such as health/veterinary bills and car insurance, there are a huge number of both expected and unexpected charges that we sometimes face – and it’s not always easy to find an answer. Here are five solutions you might wish to consider:
This might be regarded as a dangerous option, but with a diligent plan for paying it off it can actually be a very smart way of reconfiguring your finances. A simple instalment loan, from companies such as Avant Credit, Wonga or Besavvi, can crystallise what money you need and when. Only borrow the amount you need and make sure you can afford the monthly payments. Be cautious of all the fees that lenders may charge and always do your homework before choosing the right type of lender.
Borrow from friends/family
Borrowing money from friends and family is never an easy topic to talk about. If you’re left with no choice, you should approach this topic carefully. You’ll need to have a clear plan on how and when you intend to pay the money back. The last thing you want to do is risk having a sour relationship with your friends and family over money.
You might be able to get rid of items that you don’t need anymore as a quick fix. eBay, Craigslist, Etsy and other auction/sale sites may be the first port of call for getting rid of unneeded items but don’t discount more traditional sales routes such as jumble sales. Online sales are booming and you might be able to take advantage.
If you’ve got a few weeks until the bill has to be settled you might be able to arrange to pay it off through pure hard graft. Extra hours at work might be a possibility, or one other intriguing possibility for gaining quick cash is through a website such as Fiverr, which allows you to sell a service online. The website lists freelancers offering their talents for design, writing, marketing, and other skills.
Ring up the bill company
Utility service suppliers, banks, and other public/private companies want you to pay bills, as forcing you to pay something which then plunges you into further financial crisis through late payment charges or even legal action does not benefit anyone.
Therefore they might be amenable to stretching out payment a month or two later – before the deadline, give the company a call and request paying off the debt in instalments as part of an overall payment plan. This will take into account both your current financial status and your projected ability to pay future bills before finding a monthly amount that hopefully suits all parties.
If your situation later changes again you could make another call, and renegotiate further. Hopefully however the action of making the first telephone call will be enough to convince you to change your financial priorities and be more organised with your money so that you will never need to do anything similar again.