When you are desperate to raise emergency funds, it usually doesn’t take very long for you to realize who really cares about you, who is truly a friend … be they family or not.
Here are a few emergency budgeting tips:
Budgeting Tip #1: Manage your debt. Anyone who’s ever tried to consolidate debt knows it can be tough, but it can also save you loads of money. The best thing you can do to help with this is to get a free credit report
Budgeting Tip #2: For your car payment, call the creditor and request a payment extension. Perhaps you hate payment extensions, because they require a fee and you still have to make the payment at the end of the contract. In this case, a payment extension can allow a little breathing room to help you recover during your money emergency. Expect that you will likely have to pay a fee (usually about Œ – 1/3 the car payment amount) for the extension. Freeing up the money you need today is your first and only goal at this point.
Budgeting Tip #3: Consider getting an online cash advance. It’s a fast and easy way to get some breathing space in a stressful situation. read more