Payday loans from direct lenders might not be the only choice available to you. Here are some other options to consider. For a loan of a small loan like £50, it might be worth asking friends and family first. I know it’s a little embarrassing, but it could save you a lot of money. Arranging to pay them back by direct debit might give them to peace of mind that they need to lend you the money short-term. You could also try a credit union, whose interest rates are usually quite low. A google search on credit union loans will supply you with all the information you need.
Of course, these are all short term fixes. To have your finances in better shape in long run, it might be worth taking some of these steps noted below:
- Try shopping at a cheaper supermarket and buying less well known brands.
- Spend less money on treats like chocolate bars, crisps and takeaways.
- Sell old clothes, appliances, and other things that you don’t use or need.
- At the start of each month, plan a budget so that you know exactly where your money is going.
If you start to follow these few simple steps, I guarantee you will be surprised at how much money you can save. Having money left over in the bank at the end of each month is a very nice feeling, and before you know it you can have a nice little nest egg saved for a rainy day.