subject: Money Is Always An Issue When You Are On A Budget [print this page] One thing is for certain, there are a lot more families living with a household budget these days than there used to be. While some households used to have plenty of money coming in and were always able to spend will nilly as they wanted to, many of them have lost the great jobs they once had and the money flow slowed down to a mere trickle compared to what it once was. Learning to live on a strict budget is probably even more painful for those folks because they were unaccustomed to not having to worry about every penny they spent compared to those who have always had to worry about pinching pennies.
Whether you family is new to a budget or if you have never known what it is like to live without one, making the most of what money you have is important. Just when those that already had a budget thought things could not possibly get any tighter, guess what? Grocery prices continue to go up, doctor bills and insurances premiums have done nothing but gotten larger, and it seems the average household just can not get a break. Even if both adults in a household are working, it can take everything they can rake and scrape together to make ends meet. If you are a single parent that works full time already, many of them have had to resort to taking on an extra part time job to fill in the gaps or even get on public assistance like food stamps or get help with their babysitting bill or it would be impossible for them to make ends meet at all.
A real problem for anyone that has no savings and lives within a budget are emergency expenses. Things that can crop up suddenly like car repairs, illnesses or accidents that mean a trip to the doctor that your insurance will not fully cover, or any other unexpected or unplanned expense that must be taken care of can throw your entire monthly budget out the window. What are you going to do except find a way to take care of it?
Borrowing from a friend or relative can be the best option if it is possible because you will not likely have to pay any interest or fees and the repayment plan might be more flexible. However, not everyone has the friend or family option so, they have to look elsewhere. Many people that can not get bank loans, and many people can not even with their good credit, are turning to check and cash advance businesses to get small loans that they can repay come payday. These loans can be great for sudden expenses that can not be put off, but the borrower always has to be careful when using them. Never get them unless you have no alternative. Always pay them back when they are due to avoid extra interest, fees, or penalties. They are very convenient and fairly easy to get, you never want to abuse them. Despite the bad wrap they sometimes get, these loans can be very helpful when they are managed correctly by responsible people.
by: Michael Affleck
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