Anyloan Australia :: Articles

Are you Spending Savvy?

Are you Spending Savvy?

When applying for a payday loan it’s easy to get caught up in the excitement or relief of having money again, because lets face it, it feels good doesn’t it? You see those dollar signs and the mind drifts off onto all those other things we could buy.

You’ve taken the step of securing some cash to ensure you’re not in the red financially, but now the focus needs to be on discipline. It’s important that the reason for applying for a payday loan is what you actually spend your loan on. If you don’t use the money that your get from a Payday Loan appropriately then you could end up in a huge financial mess.

For example, you’ve received a payday loan in order to make a rent payment on time, but the prospect of spending the money on a luxury has taken over. So despite having the cash you end up not making the rent payment after all. Not only do you still owe rent money, but you now also owe your loan provider money, which is receiving interest as the days go by.

The fact that Payday Loan companies do not ask what you use the money for is part of the convenience that they offer, and this works out great if you want a small amount of cash for a ‘want’ rather than a ‘need’.  But paying the loan back on time needs to be your next focus, because you cant just pay your rent and then forget about your loan. The onus is on you to make sure you use the money wisely or you will have the Payday Loan Company chasing you for repayment as well as the other companies that want their money!

If you use your Payday Loan incorrectly, then you could end up needing to borrow more and more money until you are in such a financial mess that may be impossible to get out of. Using discipline is they key to your financial success and keeping you out of trouble. So use your payday loan for that rent payment, and you’ll remain free of all those problems that can result from one little splurge after a lapse in judgment.


Finance Articles

Double your deposit in half the time
Saving is never an easy thing to do and saving for a deposit on a home is twice as hard. However, with the right... read more

4 Steps Get Rid Of Debt Problems
Are you drowning in debt and having trouble seeing your way out? Follow these steps and you may just see that... read more

18 Hot Tips For Intending Borrowers
If you're thinking of borrowing money to buy a car, boat, debt consolidation, home repairs, medical bills or anything... read more

Is now the right time to refinance your home?
So, interest rates have changed since you took out your home loan and you think it could be time to refinance... read more

Choosing a Home Loan Mortgage Broker
There are a number of potential pitfalls in relying on a mortgage broker for the best home loan solution ... particularly... read more

Debt Consolidation Pros and Cons
Do you have mounting credit card debts or a number of different loans to pay off? If you do, then debt consolidation... read more

Knowing 6 types of personal loans will make borrowing easier and save you money
Knowing 6 types of personal loans will make it easier for you do deal with lenders, go from asking for a loan,... read more

Handling Financial Situations As a Married, Unmarried Or Divorced Woman
Whether you are in a committed relationship or are a happy single person, you should make it a top priority to... read more

Finding the Right Home Mortgage Loan
With over 3000 home loans on the Australian market it would be easy to dismiss them as marketing overkill –... read more

Guide To Personal Loans For Debt Consolidation
You can qualify for personal loans for debt consolidation even with bad credit. In fact, debt consolidation loans... read more


Finance News

Personal Loans to help Australians in need: FSO
Oct 29 :: As Australia prepares to clean up following devastating fires and floods, Financial Services Online CEO, Andrew... read more

Small business loans to help Aussie businesses through tough times
Nov 27 :: Financial Services Online has today announced a new credit facility for Australian business customers who are... read more

Police issue warning about bank scam
Nov 20 :: Melbourne police are warning people about a scam in which fraudsters pose as bankers and ask for money.They... read more

ANZ nets solid profit despite wealth management
Oct 26 :: ANZ banking group has reported a solid full-year result with net profit attributable to shareholders up 6 per... read more

Millions lack access to basic financial services
Jun 01 :: Nearly 3 million Australians do not have access to basic financial products such as a credit card, car insurance... read more

Reserve Bank leaves interest rates steady
Apr 04 :: The board of the Reserve Bank of Australia has left interest rates unchanged at 4.25 per cent at its monthly meeting... read more

Big banks not too profitable: RBA
Feb 25 :: The governor of the Reserve Bank says the Australian banking sector is not too profitable.Appearing before... read more

Commonwealth Bank changes ads following ASIC concern
Jan 16 :: The Commonwealth Bank of Australia has agreed to change some of its advertised loan comparison rates after... read more

Inflation fall strengthens case for rate cuts
Dec 06 :: A leading unofficial measure of inflation eased last month due to falling food and fuel prices, strengthening... read more

Reserve Bank cuts domestic growth outlook
Nov 07 :: The Reserve Bank of Australia (RBA) has cut its forecast for economic growth and inflation in its latest quarterly... read more


Need Help Finding a Loan?
Find out now if you qualify and compare rates, offers and options from multiple lenders - without a credit check!
Loan Amount:
Postcode:
All finance quotes are provided free (via our secure server) and without obligation.
We respect your privacy.

Knowledgebase
Mortgage Document:
The physical contract agreement that a Mortgagee (lender) enters into with a Mortgagor (borrower) outlining the precice terms of a mortgage loan.


Quick Links: | Compare Loans | Bad Credit Loans | Finance For Self-employed | Low Rates | Free Loan Assessment