Direct lenders of payday loans are said it many times: overdraft fees are among some of the worse fees you can get.
Let’s say though, you had some cash left in your checking account enough to cover gas for your car, a cup of coffee from Starbucks, and lunch. But you made some calculation errors in your checkbook, and you didn’t have enough money in your account. Then in that case, every time you use your card, you would be charged up to $40 in overdraft fees. So if you used your card 3 times, that would have been $120 in over draft fees.
This is when payday loans become useful. Taking a payday loan of $100, for a fee of $20-$30, would save you near $100 in overdraft fees.
But a better alternative is to avoid overdraft fees to begin with. There is a nice article on the New York Times, on overdraft fees, that we recommend you read. It contains some tips that help you avoid overdraft fees in the first place.
Taking charge of your financial future is up to you. We recommend you get all the help you can get to get back on the track and if you ever need a short term financial solution such as paycheck loan, I’ll try to help you.
I came across a nice article on a Personal Finance website about how the internet can be a useful medium to help you take charge of your personal finances and improve your quality of life. There are plenty of good online tools that can help you manage your finances, starting with your own bank.
Most reputable banks now have online banking tools that enable enable you to access your personal finances. That includes paying your bills and writing checks, monitoring your transactions online, and having them send you alerts if your account balance gets low.
But there are also other enhanced tools out there. One I personally like is, Mint Personal Finance tool, now owned by Quicken, it helps you manage your money online. The best part of it, it’s free.
You get to budget and figure out how much you are spending as your transactions are categorized automatically helping you see graphs of out going money, balances, and income.
There are also other online tools and resources that can help you manage your money and finances. So take advantage of the Internet and take charge of your finances so you can improve the quality of your life. And always remember, if you are in need of short term cash loans, we are here to provide you affordable payday loans and cash advances in 1 day.