Thinking about cash advances? Unexpected costs at unexpected times
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It is an undeniable truth that the advent of cash advances has helped many people get out of precarious financial situations. I think it was 2 months ago that I forgot to pay my rent on time and what happened was that I was unable to access my money from my savings account because it was a saturday and the internet bank could not transfer money right away. There are many times in our lives when we need money in a hurry and cannot spend the time researching traditional avenues to obtain money.
So what are some of the events that could take us over the edge? Medical bills probably top the list. The best advice that I can give you is to make sure that you have health insurance. I have seen first hand the inadequacies and the difficulty getting health care if you don’t have insurance. One of my patients was stuck in Grady because she didn’t have insurance to go to a rehab facility. If we injure ourselves and are forced to make a trip to the emergency room or doctor, it is imperative that we take care of any fees that may come up that are associated with a medical emergency. There are usually ancillary costs associated with doctors’ visits such as prescription costs that can really add up. It is also possible that we need emergency dental work such as a root canal to relieve any pain in our mouth. These procedures are costly and sometimes very difficult to anticipate.
Rule number 1: make sure you have health insurance.
Rule number 2: make sure you have an emergency fund that is at least 2x your monthly income.
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[…] Finance Physician wrote an interesting post today on Thinking about cash advances? Unexpected costs at unexpected timesHere’s a quick excerptIt is an undeniable truth that the advent of cash advances has helped many people get out of precarious financial situations. I think it was 2 months ago that I forgot to pay my rent on time and what happened was that I was unable to access my money from my savings account because it […] […]
Comment by Quality Tale
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[…] Thinking about cash advances? Unexpected costs at unexpected times It is an undeniable truth that the advent of cash advances has helped many people get out of precarious financial situations. I think it was 2 months ago that I forgot to pay my rent on time and what happened was that I was unable to access my money from my savings account because it […] Fri, 26 Oct 2007 00:47:13 +0000 in emergencies on Finance Physician http://www.financephysician.com/2007/10/25/thinking-about-cash-advances-unexpected-costs-at-unexpect… - Original Article […]
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Comment by Payday Loan Advocate
From the looks of it, it seems like there’s a pro-Obama bias in the media. Jonah Goldberg of the National Review Online explains that this favoritism may be a way for the reporters to play nice with the frontrunner. As Goldberg states, “most of the reporters covering these campaigns want to be rewarded with White House correspondent jobs.” Reporters probably just want easier access to who they’re guessing will be America’s new president. John Harris and Jim VandeHei of Politico have a somewhat different opinion. Harris and VandeHei claim that the Project for Excellence in Journalism (funded by the respected Pew Research Center) found that six out of every 10 stories about John McCain had a negative slant. Furthermore, Obama has had more than twice as many positive stories published as McCain. In a video opinion piece, VandeHei points out that the GOP is accusing the media of unfair reporting because McCain’s campaign is spiraling downward. “There’s always pile-on at the end of a campaign,” VandeHei says, but in this case, it’s the policies and campaign strategies that have led to McCain’s difficulties. The media always latches on to the frontrunner because they favor momentum—just like the momentum quick cash loans can give your budget when you need it most. A short-term loan is only temporary. Will someone other than the frontrunner bring America lasting change?
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