You cannot escape the news – the cost of living has reached an all-time high, and people across the nation are struggling to make ends meet. For some people, this is not news as it is simply a way of life, but this does not mean you have to struggle with your finances alone.
One of the biggest issues many people have is making it to the end of the month, which is the traditional payday. With all of the bills that need to be paid, along with everyday expenses, it can be hard to see where the struggle will end.
The majority of the working population has a debt of some kind which can also eat into your salary, leaving you with less than enough at the end of the month.
In this guide, we are going to be sharing a simple way that you can make it to payday and ensure that every bill is paid on time.
How Much Do You Need?
Before you can take any further steps to pay your bills and make it through the month, you first need to determine how much you need.
It is always a good idea to work out your essentials and how much this costs. Take some time to work out all of your direct debits and the bills which cannot be missed, and how much these cost every month.
Along with rent and household bills, you should also include the costs of food and other essentials which you cannot go without. This is your baseline of how much you need to survive every month and can be used to determine how much you need to borrow from an outside lender for now.
With this baseline amount in mind, it will be easier to determine where you can go and the support that is available to you. There are various loan providers out there, each offering varying amounts of cash per month, which knowing your baseline amount can narrow down.
How To Borrow Money Until Payday
Now that you know how much you need, it is time to consider the lenders out there.
QuickQuid is one of the most popular lenders in the UK, and this company provides fast loans over varying payment periods. Commonly known as payday loans, this company provides short-term loans that can be used to get you through the month and past payday without issue.
You can borrow varying amounts of up to £5,000 from this company, which relies on over 40 FCA-approved lenders from across the UK.
With this many lenders under one roof, it is easier than you think to get approved for a loan, and the cash can enter your account the same day. This can take a lot of the pressure off you as you now have money in your account to pay for bills and essentials while also being able to pick your payment period.
These loans are fast, easy, and accessible for most people.
Interesting Related Article: “A beginner’s guide to personal finance“
