An alternative to Payday Loans

In today's tight economy, getting a bank loan is not always an option. The money just seems to be fast out there in the form of a short term payday loan interest elevados.Se managed properly these loans can serve a purpose in times of need, though they often lead to a cycle of fees if not paid full quickly .

There are nightmare stories of people in debt payday loan for years, paying only taxes 'roll' or 'renovation'. Many still owed the same amount as the day they took the loan. Well hard to swallow. The only way to avoid the debt trap of payday loan is to plan and save. We can save in many more areas of our lives than we think. The following money saving tips will hopefully help you save some money and avoid debt payday loan or get it faster if it is too late.

Tips for saving money and avoiding debt Payday Loan

In general plan your budget. List all sources of income and your regular expenses. Take a look to see what you can cut back on. Find best deals (eg - shop around for auto insurance).

Bring your lunch instead of buying it everyday.

Pay yourself first. Each month, try to save at least 5% of your take home pay. Increase the percentage whenever possible. Set goals. You will want to save much more if you know exactly what you are saving for

Avoid impulse buying. Think if you need something before you buy it. You'll be surprised how much you can save by being disciplined.

Your credit is aware of what is in your credit report. Request a credit report online, but make sure you do your research before you apply. Some companies charge hidden fees, so make sure you read the fine print. Check your credit report for errors.

If you find an error on your credit report, notify the credit bureau. If you have a dispute, the credit bureaus will investigate the report. Departments, will give up-your determination you can qualify for lower interest rates, as improving your credit and your debt is reduced.

the average interest rate charged by credit cards subprime unprotected is 20.73% compared to an average rate for medium or privileged cards of 14:22%. Reduce your ATM fees. Use the ATM of the bank rather than another bank.

the average cost of ATM use another bank in 2005 was a whopping $ 2.50 (consumerreports.org/May 2004). Cash advances are expensive. Avoid borrowing money on your credit card, if at all. Cash advances usually carry a higher interest rate than regular rates and come with no grace period.

Discounts for seniors elderly take advantage of discounts offered by departments, theaters and restaurants (eg early bird special) stores. Elderly housing discounts if you are a senior citizen, you may be eligible for discounts offered by your local government for real estate taxes.

For your car consider dropping comprehensive and collision coverage if the premiums of auto cost more than 10% of the value of an old car. Raise their auto insurance deductible to lower your premiums. Raising your deductible from $ 200 to $ 1000 can reduce your auto premium by 40% or more.

Remember that if you are in an accident, you are responsible for the franchise. If you are mechanically inclined, do routine maintenance on your car yourself. Car pool or use public transport.

Around The House lower your expenses with cable TV. Cable limit single TV in your home. You can also reduce your costs by reducing or eliminating the number of channels. Avoid using directory assistance. Directory assistance can charge anywhere from 30 cents to local numbers for $ 2.00 for long distance numbers. Use the internet instead ... it's free.

Watch cell phone use. Make sure you do not exceed the maximum number of minutes included in your plan. Purchase a prepaid plan to control your budget cell phone. Making long distance calls when rates are lower. Nights and weekends usually offer better rates.

Look for packages that include unlimited long distance. Eliminate extra phone services you do not need. Call waiting, call forwarding and speed dialing can be good to have, but how often do you actually use? Or packages that include it for free .... or trade for him. Perform routine maintenance around the house yourself instead of hiring someone to do it for you. Barter services friends.

Students to deduct student loan interest your taxes. Since 2001, the federal government allowed the students to deduct interest up to $ 2,500 in student loans for the entire life of the loan. For specific tax advice, you should speak with a professional tax advisor.

Find ways to reduce the costs of education. You can save on your college tuition, taking night courses, weekend or summer, or save on your cost of living, making it a dormitory supervisor.

At The Store of generic store brands. Your daily gourmet coffee and cupcake can cost more than $ 1,000 per year. Try to limit your visits to once a week as a reward or present yourself. Put what you would have spent the other four days in a bank account. The money you save could go to your bills, a vacation, or business houses.

Make a grocery list and stick to it. Do not shop for groceries when you're hungry, you could spend more. If you are generally healthy, could be interesting to increase your deductions for health insurance.

Quit smoking. The recent increases in cigarette prices make this an even better idea. Aside from the obvious health benefits of stopping, if you smoke a pack a day, you could save nearly $ 3000 per year!

Shop at farmers or U-Pick farms markets. Buy in bulk or larger sizes. Enjoy weekly specials or food in season. Eat. The cost difference between a week of eating out and a week of groceries ship running to the grocery store.

For Your Entertainment watch movie matinees and use coupons. Many chains offer theater matinee and early bird discounts.

Rent movies or video games. Try your local library for favorite titles. Make sure you return them on time to avoid late fees. Borrow books from the library instead of buying them.

Shop at the right time. You can usually find good buys when new models are introduced and retailers should get rid of older merchandise. For example, portable audio products, microwave ovens and air conditioners often go on sale in spring and washer and dryers go on sale in September machine.

Make a holiday budget. If you are going away, plan how much you want to spend and stick to it. Save money before you go and not charge their holiday expenses.

Have a date? Go on a picnic. Go on a walk or ride through the park. It is much easier on your pocket book dinner and a movie, and is just as fun. Surf the Internet for free local events. Citysearch.com is an excellent resource for free events happening in cities across the country.

If you have debt payday loan now and can barely pay your necessary expenses, there are consolidation programs payday loan. Make sure you do the research and go with a company that you are comfortable with and have a history of success. If you are more ambitious programs there step by step available online that teach settle payday loans.