Paying off All Debt
If you are getting an instant cash advance you most likely have other debt which you need to pay off. Ideally you are progressively reducing your overall debt so that if you need quick cash for whatever reason you can self fund that need.
If you're in this situation you can focus on clearing down your overall debt with some changes to your lifestyle. The most basic rules and probably ideal scenario is to increase your income and reduce your expenses - all of your expenses.
Now you may not be able to have both occur at the same time but make sure you use the money saved or extra money earned for the reduction of your debt. For example if your income stayed the same but you saved $20/week put that money on your debt.
What you're doing is accelerating your debt reduction. Here are some expense reduction tips:
- reduce your leisure spending each week such as reduce how much you smoke, how many drinks you may buy, how many times you buy take out - we're not saying cut your leisure spend completely, just reduce it slightly
- buy some food in bulk and freeze if possible or buy food in bulk when discounts are available
- cook in bulk and freeze the extra portions - use these when tempted by 'fast food'
- prepare a food shopping list at home to avoid impulse buying
- collect those coupons that can save you money and swap with your friends