We work for money, money is for spending, however, it is only wise
and in our best interest to spend it smartly. We have long left the age where
money was primarily for food and shelter.
In our world today, so many things need monetary attention. We
have to upgrade our gadgets, pay our rent, pay the light bills and a myriad of
other things that require money to get done.
It has been observed that quite a number of people spend excessively on things they don’t necessarily have the need for; I mean come on, a refrigerator in Alaska?
But this is to point out that there are certain expenses that are a little too much and not obviously stupid either. Take, for example, a man whose entire life revolves solely around his block or neighbourhood at most. He works from home and is super introverted so he’s almost always at home.
Now, this man faces a pressing dilemma of either getting a laptop
which by the way will increase his productivity at work or getting a car which
won’t be useful to his lifestyle. Not such a tough choice if you ask me, yet,
people keep making decision errors.
It will be a financial error if this said man chooses to buy a car. It all boils down to the scale of preference. A car is the last thing this man needs!
People make financial errors mostly because of prestige or lack of
a scale of preference. A scale of preference is a mapped out list of the needs
of an individual by reason of importance.
This list is to help guide you when making financial decisions.
The proper financial budget is enough to make anything achievable.
In as much as I try to drive home the point that certain expenses are not necessary, I am also not disputing the fact that there are some things that are way out of our budget, also not pressing but makes life comfortable. In situations like these, the financial budget, as mentioned earlier is Paramount.
Cut Excessive Spending in 2021
There are different ways to cut down on excessive spending, such
ways are listed below:
A scale of preference cannot be overemphasized. Most times, we
underestimate little spending.
Take, for example, you hand out $1 every day for something completely irrelevant and you’re thinking “it’s just a dollar”. By the time you assemble these dollars after a while, you’ll come to realize that you’ve spent a whole lot of money on frivolities.
Write down your income and every single purchase you make. This
way, you can be accountable and you will be able to trace where your money is
going and cut down the excesses.
Re-evaluate your mode of transportation.
How many kilometres away is your workplace?
Do you really need a car?
How much gas does a car consume monthly?
Do I have other options?
All these are questions we must consider carefully. Like the
example I sighted earlier, your daily activities is a huge determiner of
whether or not you need a car.
If you don’t, you can always cycle to work, it’s no biggie and it
keeps you fit, basically, killing two birds with one stone.
Cuts in Feeding
Walk with me…
Are takeouts more expensive than homemade meals?
Oh, I think we both know the answer to that…
On days when we’re not so tired from work or not feeling as lazy
as we usually do, why don’t we just cook in bulk and refrigerate?
Think about it, you come home from work and all you need to do is
throw a plate in the microwave and voila, dinner is served. Plus, it does a
great deal in cutting down the extra cash you give to food vendors on a daily
Capital and Reoccurring Expenditures
There are some certain expenditures that seem excessive at the
time but turn out to be cheaper and way more profitable on the long run.
These are called capital expenditure!
A coffee maker for example, why do I need a coffee maker when I
could just get coffee at Starbucks across the street?
Yea, very interesting thought but think about it, how does
Starbucks make their money? They won’t run at a loss for you, and they
definitely won’t be at a disadvantage so know this and know peace.
They pay themselves with your money for the services they render, why
don’t you just do the same?
Get a coffee maker, make your coffee at home, save up a whole lot of money and live a credit-free life.
On the other hand, reoccurring expenditures are important but
don’t let them impede capital expenditure. Be sure to make at least one capital
expenditure a month, it’ll go a long way in cutting down excessive spending.
Whatever the kind of situation you find yourself in, cash is not so far away as you think. Most end up exhausting their entire paycheck even before the month runs out due to excessive spending, leaving them with little at hand to work with for the rest of the month.
But here at InstantPaydayNV, you can get cash to keep you going until your next payday, while still using the strategies listed above in re-evaluating the way you spend your monthly earnings.
I’d Love to Hear from You:
Which of the above-listed strategies are you going to be trying out first in helping to cut down on your excessive spending in 2021?
We are here to assist you in finding a reliable moneylender to solve your financial troubles without much hassle. Using our experience in the field, we will provide you the required guidance to apply and get a personal payday loan in less than 24 hours.
Short term loans are emergency credit loans that have been designed for short term financial issues.
The loan amount is small and limited to a fixed upper limit. The loans are exclusively created for the short term and will become expensive burdens when extended and used for long-term purposes.
The operators of Instant Payday NV are not lenders. We are neither a bank nor a financial institution.
We are not involved in the process of making credit-based decisions related to lending, offering loans, or collecting repayment.
The website has been created to act as a bridge, a connecting agent between the applicants and the moneylenders.
We do not charge any fee to process the loan application or help our customers find a reliable match for a loan from a third-party lender.
We do not oblige any user/ customer to contact the lender or to accept a loan application.
The data present on the website related to short-term loans and the industry practices are for information purposes only.
Instant Payday NV does not collect, store, or access the details related to fees and charges levied by the lenders.
We do not endorse any of the lenders in the network.
Short-term loans are not available in all states. Not every lender in the network can offer a loan of up to $1000.
We cannot guarantee that the loan application will be approved by a lender.
Instant Payday NV also cannot guarantee that every application will be successfully matched with a lender or that the lender will provide the applicant the loan amount.
The lenders might perform a credit check through one or more credit bureaus (which include but are not limited to the major credit bureaus) to determine the reliability of the applicant.
The lender will also need to perform other verifications such as confirming the social security number, national ID, driving license number, or any other identification documents submitted by the applicant.
The terms of the loan proposal depend on the lender and various factors such as the federal laws and state laws, or industry regulations.
The terms and conditions of the loan proposal will vary from lender to lender and from one application to another.
APR (Annual Percentage Rate) is the interest rate calculated per annum for the loan. Instant Payday NV is not a lender.
We do not have the required information pertaining to the rules, regulations, and terms used to calculate APR by individual lenders.
APR calculations vary from one lender to another, one state to another. They also depend on various factors that decide the APR of a loan. The credit rating of the applicant can be one of the reasons.
Any other additional charges including but not limited to the origination fee, late payment fee, non-payment penalties, or non-financial that include debit collecting actions, late payment reporting, etc. come under the responsibility of the lender.
Instant Payday NV has nothing to do with the payments charged by the lenders or the action taken by them.
We do not maintain any information regarding the same. The charges and actions are to be fully
disclosed by the lender as a part of the loan agreement. The calculation of APR is the annual rate and not the financial charge of the product.
Implications of Late Payment
We highly recommend our customers to contact the lenders to enquire about the possibilities of late payment.
In the case where late payment is considered possible, the late payment fee is applicable and implied.
The laws of the state and the federal govern the cases of late payment fees and vary vastly.
All details related to the procedures and costs associated with late payment are disclosed in the loan agreement.
Customers should carefully review the terms before signing the contract.
Implications of Non Payment
In case of nonpayment of the loan, both financial and nonfinancial penalties may be implied.
The charges for nonpayment and late payment are disclosed in the loan agreement.
Additional actions related to nonpayment’s such as renewals or extensions can be implied upon given consent. The terms of renewal are disclosed in the individual loan application. Additional renewal charges may also apply.
Lenders may perform debt collection practices.
The practices are adjusted as per the Fair Debt Collection Practices Act and any other federal or state laws related to the industry to ensure that the customer or the loan applicant does not end up being a victim of unfair trade practices.
Most of the lenders do not use outside debt-collecting agencies to recover the loans. They use in-house methods to collect the debt from the applicants.
Late payment and nonpayment of the loan might have a negative effect on the credit rating and further decrease the rating.
This may cause them trouble over time. Lenders may report to credit bureaus such as Experian, Equifax, Transunion, etc. In such instances, the late payments and nonpayment’s may be recorded and remain in the records for a certain period.