Should I Borrow Money?
Sometimes it makes good sense to borrow money
Too often, your paycheck is spent the minute you get it. You pay a few bills, make a trip to the grocery store, and fill the tank with gas.
You’re almost tapped out. Fortunately or not, your kid mows the lawn just like you asked him to. In fact, he does a great job. You hand him ten bucks, as promised.
It’s payday, and already the countdown has begun. Will you be able to make it for two weeks on $50? It can be done. You’ve proved many times that it can. But what if something goes wrong?
Borrow money before it becomes an emergency
Twice in recent weeks you’ve had to jump the battery to start the car. What if a jump start doesn’t do the trick next time? The water heater’s been knocking and if you were to be honest about it, you’d have to admit that really, the hot water hasn’t been all that hot lately. What if the water heater conks out before payday?
Some former colleagues asked you to meet them for dinner tomorrow night. You’re hoping it turns out to be an informal interview for a better job. The place they want to meet is spendy. You think they’ll pick up the tab, but what if they don’t?
Borrow money if you know you can pay it back on payday
The bills are paid. There’s food in the house and gas in the car. Do you put life on hold until next payday? Or do you borrow money today and do the things you need to do?
There’s nothing wrong with getting a personal loan when you know you’ll be able to get by comfortably on your next paycheck after paying it back. In fact, there’s a lot to be said for getting cash today and being prepared for the unexpected.
Borrow money today and sleep well tonight
If you need cash today and you know that getting a loan till payday won’t put you farther behind, it makes good sense to borrow money. A fast cash loan can spare you unnecessary expense. For example, why not buy a new car battery now rather than wait until the car won’t start again and you have to pay for a new battery plus towing?
If you think things through and borrow wisely, a payday loan can help you come out ahead of the game. When you’re down to your last few dollars and worried about how you’ll make it, a little cash until payday might even let you save some money on those expensive sleep aids.