Tuesday, February 21, 2012

When Payday Loans Are Used Properly They Turn Out to Become an Absolute Life Saver

Nowadays, cash advance loans or payday loans mainly get a lot of criticism because consumers always unfairly compare them to bank loans. Those are set up with monthly installment payments that you pay back over time. Actually, payday loan is sounds "Hey can I borrow a few pounds until my next wage day?" Which means in about one or two weeks later the full amount of money that you borrowed, plus the fee, must be paid back to the lender. It is no doubt that, if you compare those regular loans you would get at your bank with payday loans then the interest rate of the second will appear extremely high. Nevertheless, a lot of people say that comparing payday advance loans to traditional installment loans is like to compare apple and oranges. But since they are both loans actually I feel it’s more like comparing oranges to grapefruits.

Usually, the potential for a lot of consumers to get in trouble with those payday loans exists because they misuse them and keep renewing, in such way becoming dependent on them. However when payday loans are used only as they are intended, like for monetary emergencies (the car breaks down, the unexpected bills appear, etc) they turn out to become an absolute life saver. Actually, I've needed to use them in the past. My car did break down and I didn't have any other appropriate solution how to get to work and I could not afford to miss any more days. So I felt the online payday lenders can help me very much to keep my job. But I paid it off on time and didn't go back to get another one next week.

One friend of mine told sometime that he have got payday advances from time to time with the company in his neighbourhood. But the only company he did borrow money with moved their office and they are now almost one hour away from his place. He liked that payday loan office because the staff knew him. And they never asked to check his credit report. I told him that I don't think the reason that mentioned payday loan office didn't asked to check his credit before giving him the wage day advances was because they just knew my friend. Most of all direct payday lenders do not require credit checks from their applicants. All you need is to prove your identity and your ability to repay it. For this purpose your short personal and financial information, that you will be asked in the form, is enough.  

The main difference between applying for a payday loan via the Internet vs. walking into a payday loan store is, of course, convenience. Because all of the online payday loan lenders I've checked out will deposit the requested money directly in your bank account. And on the mentioned repayment date they will draft the borrowed money plus fee directly out of it. They will contact you by e-mail first. Payday loan company will give you all the necessary information about the exact amount and the exact date; you'll need to repay it. Then you make your decision whether, or not, to apply for payday advance loan.

Monday, February 13, 2012

Finance 101: Baby Expenses and Money Saving Tips

Jamie Highland writes articles and blog posts for My Baby Shower Favors, a site that sells baby shower favors and other related supplies like baby shower games. In this article, Jamie gives a few money saving tips when raising a baby.

Raising a baby is one of the biggest joys in life but it is also connected to a lot of expenditure. Many new parents understand this fact after the new family member has arrived. Dealing with baby-related expenditures can be a challenging task.

Daily expenses will certainly go up – just think about the diapers, formula, cosmetic products, clothes and the other little items that babies need. The good news is that many parents are capable of saving some money.

Saving money while raising a child requires planning and creative thinking. Here are several great ideas that will help you get started.

Milk for Babies
Formula can be very expensive. The majority of parents spend anything between 60 and 100 dollars on formula each month. This cost can add up to a significant amount over the course of a year.

Breast feeding is actually much less expensive. It comes with a number of benefits that no formula can provide. If you are incapable of breast feeding your baby, go for the powder formula, which is less expensive.

Try to get formula from a warehouse. If you buy a larger quantity, you are probably going to get a better price for it. Avoid the ready to use formulas because they tend to be the costliest option.

Disposable Diapers: 

The next big expenditure, which is incurred on a regular basis, involves the diapers. Few parents really think about it but disposable diapers can cost up to 100 dollars per month. The alternative? Eco-friendly, reusable diapers.

Cloth diapers are once again starting to gain popularity. These are easy to find in many baby stores, as well as organic stores. The cloth diaper is designed for multiple uses. It is both environmentally friendly and better for your baby’s skin.

Washing these diapers is not as difficult as many parents believe it would be. According to one mom, it is possible to save nearly 2,000 dollars by going for the multiple use cloth diaper.

Baby Clothes:

Babies grow and they are in constant need of new clothes. This is one of the most serious expenditures connected to raising a child. Parents are forced to spend up to 50 dollars on a monthly basis for new clothing items.

Gifts from family and friends are a great way to minimize clothing expenditure for some time. Next, you can ask friends whose children are already grown to provide you with some baby clothes. This option is highly advisable. The fact that a child wears a specific clothing item over a relatively short period of time signifies that the outfit will be in a very good condition.

Thrift shops and garage sales are also good options for parents that are trying to find inexpensive baby clothing. There are even baby clothing exchanges set up where you can get baby clothes from other parents worldwide.


Parents are also likely to spend a lot on toys. As the little one grows, this expenditure is also likely to expand. Encourage the kid to play with household items. These kinds of ‘toys’ stimulate imagination and are much better than the all plastic, all technological pieces available on the market today.

Building toys together with your child will be a fun time for both of you. It is exceptionally easy to create a doll out of pieces of fabric, threads, old clothes and cotton. Using your imagination to produce something beautiful for your child will make you feel great and will help you save some money.

It is important to know that the prize of a party game can be something small, yet tremendously enjoyable. You do not have to spend a fortune on the item. Some of the best party prizes for ladies can be made at home. All it takes is some creativity and the desire to come up with something special for your friends.