Budgets & Money Management | National Payday

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Budgets & Money Management

Bank Fee Ninjas — the Assassins of the ATM

Fee Ninjas“The fiendish Fee Ninjas, lurking in the fine print, hiding in the terms and conditions, striking your wallet with lethal precision. These faceless money-killers are stealthy and silent, and you never see them coming until it’s too late.” 

Banks love paperwork. And they really love paperwork with ridiculously small print on it. But there’s a reason for this – many of the “hidden” banking fees people are surprised to be charged for are actually stated in that small print. The only way to fight these extra charges is to know everything you can about your account, and plan accordingly.

Banks institute new fees quite often, but there are several prominent ones that have been doing great damage to savings account for years. It’s time to round up the usual suspects, and identify the most notorious bank Fee Ninjas. (more…)

Don’t Rely on the Luck of the Irish, Start an Emergency Fund

Leprechaun holding rainbowLegend says that if you catch a leprechaun, he will lead you to his pot of gold. Whether that’s true or not, catching a leprechaun is not an easy task. You can try to lure him in by laying out some gold coins or painting your house green, but that may take a while. While you wait for your leprechaun, you should get started on an emergency fund just in case that pot of gold doesn’t come through. (more…)

Three Ways to Save Big (and Three Ways to Save Little)

empty pocketHere’s the question: who doesn’t want more money? Anyone? Bueller? That’s what I thought. No matter who you are, you could use a few more dollars in the folds of your wallet. Keeping a hold of your cash can be tough to do; each month your expenses add up quickly. Let’s get a handle on those expenses by breaking them down into two categories: big costs and little costs. Big costs are the necessary evils that you budget for each month. Your car payments, mortgage and student loans are good examples of big costs. Then you have your little costs; things like your morning coffee or your NetFlix subscription. We’ve got a few tips that can help you reduce both sets of costs and keep more money in your hand. (more…)

Spend Now to Save Later

Making it rain.Spending money to save money is a questionable idea. Most finance experts agree that additional spending is not saving; when purchasing something you were already planning on buying, however, you might as well try to get it at lower price. Paying for items outright instead of charging them can help save you interest payments which can free up income for other purchases or for additional savings. Anything you wish to buy will either increase or decrease in price, so if you make the decision to buy now you may not end up spending more later. (more…)

Budgeting for Emergency Expenses

Hurricane Damage in Georgia in 1898

New Jersey and New York residents on the coast when Sandy hit have a lot more problems to face than budgeting. Financial management can go out the window when you are faced with making numerous emergency expenses that were totally unforeseen. Even when it is not the right time to be frugal, it can still be the best time to pay close attention and document all your expenses. You don’t know what the insurance companies or the federal government might chip in, but without receipts and budgeting, you’ll end up fronting the entire bill. (more…)

Budgeting for a New Car Loan

Everyone would like to keep their cars forever, but they eventually come to the end of their useable lifespan. Owners of cars that are more than 10 years old may want to take a look around to finance a new car now, while prices are still relatively low, as they are now starting to rise. In addition, car incentives are starting to disappear and with a strengthening economy, the deals may be pulled back even further as new car demand outmatches supply.  For most people a new car means getting financing, but that’s not always the case. Here are a few ways to save some money on financing so that you can get more for your money. (more…)

Spring Clean Your Finances

Broom

Broom (Photo credit: Wikipedia)

Unlike love, finance is not at top of most people’s minds when the weather becomes balmier. However, spring is also tax time and a great time to review the state of your finances before the next year’s tax season arrives. (more…)

How to Protect Your Sudden Windfall

A bag of money, US dollars, spinning in a vort...

A bag of money, US dollars, spinning in a vortex of color, representing chicanery or misrepresentation of cost or economic information or data, but could represent outright financial fraud. (Photo credit: Wikipedia)

Getting a sudden cash windfall is a highly emotional event. That joy over the sudden windfall can also cloud your judgment. It doesn’t matter whether the windfall is a few million dollars that you aunt surprisingly left you, or a few thousand, the fact is that the majority are apt to lose that windfall quickly, if they don’t take measures to protect themselves. (more…)

Basic Budgeting

Where do you start your budget? How much money should you put aside? Is it really that important to save? These are some of the most common questions faced by first-time budgeters. If you are looking for basic information about how to build a budget, you’re in the right place!

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Paying Back Your Payday Advances

National Payday typically allows our customers to make partial payments on their pay day advance loans as long as they are paid on a weekly, biweekly, or twice monthly basis. Any customer who receives pay only once per month is required to pay the loan in full.

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