It is very common advice to always keep money stashed away for emergencies. After all, you could always have some unforeseen expense that makes it so that you have to spend money that you would not have without these emergency funds. While this is good advice, it is simply not realistic for everyone. Some people do not have enough money to be able to keep an emergency fund and are living from paycheck to paycheck. For these people, it is very common to just hope that nothing unexpected comes up so that they are able to continue to live fairly comfortably. From time to time, however, things do come up that require the spending of money that one did not know they would have to spend. In these situations, it is good to have options.
One such option is to apply for a payroll advance or payday loan. There are many cash advance agencies that are able to administer payday loans. A payday loan is a fairly small amount of money that is given to the borrower with the condition that it is paid back when the person receives his or her next paycheck. However, if you are unable to get one of these loans, asking your employer for an advance would be a good payday loan alternative.
If neither of these options are a possibility for you, the best thing to do is prevent getting into the situation in the first place. You can set a strict budget to put as much money aside as possible by being as frugal as possible and making sure you are only paying for the bare necessities. Alternatively, if you are lucky enough to have relatives from whom you can borrow money, that can be an option as well. However, you should make sure that you do not wear out your welcome as far as borrowing money from these people is concerned, because this could put a lot of strain on your relationships with your family members.
Financial concerns are a major source of stress for many people all over the world. It can be very stressful just knowing that you are living from paycheck to paycheck in that you would not necessarily be able to cover any unforeseen expenses that may come up. You can hope for the best and be extremely careful in the hopes that none of these unforeseen expenses end up coming up, but the reality is that you just never know. The best thing you can do is be responsible with your money at all times and make sure that you do plenty of research on what your options would be if you end up needing cash at the last minute in any situation. The last thing that you want is to end up in the situation and not have any recourse as far as money goes.