While we all hate the thought of not being able to pay our bills on time, more Americans are finding themselves stuck in a difficult situation when it comes to their finances. Whether it is because a member of the family recently suffered a job loss, a decrease in pay, or an unexpected bill that was not budgeted for, many find themselves burdened with a high level of stress that causes them to seek out any means possible to obtain the cash they need to cover their expenses. While many options exist to help you accumulate some extra cash over an extended period of time, very few options are available when you find yourself in the situation that I need money today. Before you throw your hands up in the air in despair, here are a few of the most popular options that can help you get the money you so desperately need when you need it most.
First, consider asking your friends or family for some financial help. If you have recently hit a patch of bad financial luck due to a job loss or decrease in pay, there is a good chance that those who love and care about you will be sympathetic to your financial situation. If you only need a small sum of money to tide you over until your next paycheck, don’t be afraid to ask your friends and family for help. Just don’t expect that the money they give you will be a gift. Although they may not say it, there is a good chance that they will expect you to pay back the money that they lend you in a timely manner. In order to stay on good terms, it may be in your best interest to draw up a lender contract and specify what your expected repayment date may be. You can choose to repay with interest or not, but when you put it in writing it goes to show that you are serious about making good on the loan when you get back on more stable financial footing.
Lastly, consider opting for a payday loan. If you don’t want to ask your friends or family for help simply because you do not want to be judged for your financial problems, you could always consider applying for a payday loan. While these loans most commonly come with excessively high interest rates and added fees, they usually can deliver the cash you need when you are in the I need money today situation. If you choose this option, make sure you have a good understanding of all the fine print associated with the payday loan. Make sure you can meet the repayment date and that you will be able to afford all the added fees and interest that will be charged on the money you plan to borrow. If you can’t afford the added fees, this may not be the best option for your I need money today woes.
These are just a few of the options you should consider when you find yourself thinking I need money today. Consider asking your friends and family for help, but if you are embarrassed about your financial situation, a payday loan is always a good option. Regardless of the option you choose, both are a good way to obtain the money you need, when you need it.
