You sometimes find that it is difficult to exercise control. That is true on so many levels. It can perhaps be felt and observed in all aspects of our lives, and no one can say that he is not affected by it. Of course there are also moments in life that we feel that we are totally in control, but that is not always so.
Make no mistake about it, you and just about everyone else would like to be more in control. You’d like to be in control of most if not all the aspects in your life, which would really be a great thing to have.
If you could help it, there’s no reason to believe that you wouldn’t want to be in control of every single thing in your life at every moment. But that’s just not possible, of course, so you try to do the next best thing – try to be in control of some of the things that you possibly can.
Controlling Your Finances
Perhaps one of the things that you would really like to be more in control of is your finances. You are most probably not alone in that wish because there are likely to be countless others who are like you and would like to have a more firm control over the financial aspects of their lives. The thing that is really so frustrating for you and for most everyone else is that it is so difficult to exert the right kind of control over your finances. It is a true challenge to even have some mild control over it, so completely being able to discipline and manage yourself is really a considerable feat.
However, the problem set in once you realize that you have a sudden need that requires you to possess a certain amount of money right away. Or it might not even be a single thing; it could actually be several different things that you need to spend some money on. Now that’s a real challenge and you’ll need to be in full control or at least try to.
Get a Payday Loan
To get a better and clearer idea of how you could manage the money that you got from getting a payday loan , you need to look at the process first. By that, it is meant that you should also take a look of the whole process of getting a payday loan.
If you could get a guaranteed payday loan, then it is your best bet to deal with your immediate cash worries. You might need for some emergency need like medical purposes or a pending bill that already needs to paid, whatever it is you could surely use a payday loan to help you.
Good thing for you that there are so many payday lenders out there today who are able and willing to provide assistance to people like yourself. You could simply visit those companies online or even in their loan stores and then if you are able to provide what they require then your loan would be easily approved.
If you really need to get a payday loan which you could conveniently repay once your very next salary comes along, you could do the following steps to do so. And of course, you still need to keep in mind that you would have to be able to control how you spend that amount for the next couple of weeks.
Do Some Research
Just like what you do in most other things before you go right into it, you first need to do some research. Yes, it is just as essential to choosing the payday loan company from which you would borrow the money that you need. After all, you would enter into a transaction and a contract with them and you would be obligated to repay the amount at a specified period of time.
Check the Requirements
The next step for you is to get to know what the payday lender requires from you for your application to be approved. Different lenders tend to have different sets of rules for borrowers so you need to consider that and look at those rules and eventually decide which one you would borrow from. The usual requirements are: proof that you are in fact currently employed, you are above 18 years of age, and that you have an existing checking account. Some companies might do a credit check on you while others might not.
When you go the payday lender to make the transaction, be sure that you have proper identification with you. Fill out and complete their application that would allow you to get the loan and you might also have to sign some waivers and paper work that state your obligations and the penalties that you would face should you fail to meet them.
Mind the Payment
Please note that there are payday lenders that state the maximum amount that you would be able to get from them, although your own regular income might be the determining factor in the exact amount that you would be able to loan. Write the check that would serve as your payment including the interest rate. It would have to be post dated for your very next payday. When that date arrives you need to go to the payday lender with the full amount of the loan together with interest rate.
Manage That Loan
Now comes the most crucial part – for some the most difficult – which is the actual management of the $1000 payday loan. This time, you would have to be able to exert complete control for you to be able to budget it and make it last for the next couple of weeks.
You would no doubt want to budget
the money that you have for the next two weeks, and you could easily do it by being a little more organized and in control. Not only would you have to worry about your expenditure for the coming two weeks, you also can’t help thinking about the payday loan that you have to repay after that period is over.
One thing is for sure though, if you are able to budget the money that you have on hand (in this case, $1000) then you are undoubtedly in control. You would be able to have control of your financial standing, at least for the weeks before your salary arrives and you have the money, and in the process achieve a certain sense of fulfillment as well.
The following would help you in budgeting your money and also help you have that much sought after peace of mind for the time being:
You should be able to know what your total income would be for that specific time period. In your case, it is all about knowing the specific amount of money that you have in your possession during that span of time. This is the real first step in being able to budget the money that you possess properly. Remember that there is a difference in your take home earnings and what you actually earn – especially if you are considered a freelancer or a contractor. There would be considerable difference after your taxes are deducted. By doing so, you’d have an accurate idea of the money that is in your hands.
How You Use the Money
Now you need to be able to identify the way you spend your money. This type of awareness is very crucial for you if you want to be able to take full control of your budget. If you would categorize each expense or expenditure, that would be better since you easily identify each and every single one of it and also see what needs to be given priority over others that might not be so important.
Set Your Goals
In the process of detailing where your budget would go, it would be best if you would be able to set goals that are meant to be accomplished through the money that you have. There should be a short term and a long term goal for your budget. In your present case, it is all about a short term goal because you are only concerned with spending a specific amount for two weeks. Those two types of goals should always go hand in hand, however, and you should always think of one in relation to the other.
Make Another List
This time it should be about the things that are actually essential to you. That shouldn’t be too hard now, is it? But you might be surprised to learn that there are times when it could actually be a little difficult, and that’s because of the specific amount that you could spend. It is the amount of money that you have which would determine what goes in the list and what’s left off.
Finally, you need to cut down on some of the more luxurious items and stuff that you’d like to have during the specific time period, which is two weeks. And that should always be the case, not just this once.