LOANS

Our Human Resources Department put together a very informative list of what to do and more importantly what not to do when paycheck is no longer enough.

Living paycheck to paycheck is difficult. See the list below for some wisdom from our HR team.

1)Stop living beyond your means.There is no reason to jump your lifestyle ahead of schedule. Here is a list of expenses and percentage of your income that financial advisers suggest to allocation to each expense:

• Total food and drink 14.1%
• • Food at home 7.7%
  • Food away from home 5.4%
  • Alcoholic beverages 1.0%
• Housing 32.9%
• Apparel and services 4.0%
• Total Transportation 19.1%
• • Vehicles 9.1%
  • Gasoline and motor oil 3.3%
  • Other transportation 6.7%
• Healthcare 5.9%
• Entertainment 5.0%
• Personal care products and services 1.3%
• Reading .3%
• Education 1.9%
• Tobacco products and smoking supplies .7%
• Miscellaneous 1.5%
• Cash contributions to savings 3.4%
• Personal insurance and pensions 9.9%

2)Stop keeping up with the Joneses. We've all guilty of comparing ourselves to other people. Stop doing this! Even if you get to the top of the mountain, there will be others that are taller. When your expectations are not in line with where your income is, then you'll be disappointed and overextend yourself trying to make up for it.

3)Cut unnecessary expenses.By eliminating small expenses like buying coffee from your favorite coffee store, smoking less, driving only when you need to, and canceling monthly services that you don't use can you save hundreds of dollars each month. 

4)Pay your bills on time.Late fees and interest charges can add up quickly and cost you a lot of money. If you don't have money on hand to pay bills on time you can get a payday loan. Payday loan can give you anywhere from $100 to $1500. Applying for a payday loan takes only 2 minutes. Money can be deposited directly to your checking account in as soon as 1 hour. 

We will continue providing you with great financial advice. 

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Thank you.

Best wishes,

Human Resources Team