Payday loans - cash advance Australia

In the last post, we talked about avoiding getting a higher mortgage on your house so that you can have some extra spending money this Christmas.  In relation to that point, let’s talk about mortgage and bill payments.  There are some people who have the tendency to skip payments when they find themselves hard pressed for cash.  Though it may seem sensible to some – why pay bills when you can use the cash for other urgent needs – I do not really recommend it.

For one, it is your obligation to pay those bills.  You know that they will arrive at the same time each month.  Payments are a given. It is up to you to manage the other expenses that are not planned.  Second, miss a payment and there will be consequences that you may not be ready for.  Interest, charges, even blemishes on your credit history.  Need I say more?

Another thing that you should avoid is taking overdrafts.  This is actually one of the easiest and most common way to “borrow” money when the month comes to an end.  You simply use your account to make more purchases – no questions asked.  That is, until you have to pay the overdraft charges.  High street banks today are charging ridiculously high amounts for these charges.

If I were you, I’d find an alternative way to get some cash this Christmas.  Use your low interest credit card if you have to.  Better yet, check out a payday loan or a Christmas loan.  At least these are short term and easier to pay off.

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