Comments on: Personal Expense Tracking: Payday Loan to Keep the Lights On http://www.mint.com/blog/train-wreck/personal-expense-tracking-payday-loan-to-keep-the-lights-on/ The blog of the free, simple personal finance solution. Track all your spending automatically, find the best deals, save more money. And save the world. Thu, 18 Mar 2010 22:21:10 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: Ted http://www.mint.com/blog/train-wreck/personal-expense-tracking-payday-loan-to-keep-the-lights-on/comment-page-1/#comment-42288 Ted Fri, 20 Nov 2009 14:17:11 +0000 http://www.mint.com/blog/train-wreck/tuesday-train-wreck-payday-loan-to-keep-the-lights-on/#comment-42288 It's good that one can reduce debts through personal expense tracking. We should control our expenses and hold back from unnecessary purchases. It’s good that one can reduce debts through personal expense tracking.
We should control our expenses and hold back from unnecessary purchases. ]]> By: Vlad http://www.mint.com/blog/train-wreck/personal-expense-tracking-payday-loan-to-keep-the-lights-on/comment-page-1/#comment-32338 Vlad Thu, 18 Jun 2009 15:34:54 +0000 http://www.mint.com/blog/train-wreck/tuesday-train-wreck-payday-loan-to-keep-the-lights-on/#comment-32338 Marcus i agree with you, but when person need extra cash he agree to take payday loans and after it repay them their money. But he agreed and it's his life. Marcus i agree with you, but when person need extra cash he agree to take payday loans and after it repay them their money. But he agreed and it’s his life. ]]> By: Marcus http://www.mint.com/blog/train-wreck/personal-expense-tracking-payday-loan-to-keep-the-lights-on/comment-page-1/#comment-673 Marcus Fri, 25 May 2007 22:05:08 +0000 http://www.mint.com/blog/train-wreck/tuesday-train-wreck-payday-loan-to-keep-the-lights-on/#comment-673 Payday loans may serve to meet a legitimate need but I really believe that the reason people resort to them is that they have not completely thought through the alternatives. Payday loan businesses capitalize on the emotional responses of people to simply make a problem go away as soon as possible without thinking of what problems the payday loan itself can cause down the road. Payday loans may serve to meet a legitimate need but I really believe that the reason people resort to them is that they have not completely thought through the alternatives. Payday loan businesses capitalize on the emotional responses of people to simply make a problem go away as soon as possible without thinking of what problems the payday loan itself can cause down the road. ]]> By: Hill http://www.mint.com/blog/train-wreck/personal-expense-tracking-payday-loan-to-keep-the-lights-on/comment-page-1/#comment-629 Hill Thu, 24 May 2007 05:27:15 +0000 http://www.mint.com/blog/train-wreck/tuesday-train-wreck-payday-loan-to-keep-the-lights-on/#comment-629 Sure, a cash advance from your credit card is cheaper than a payday advance. But there is a very good reason why payday loans are so popular: there's a huge population in this country who cannot get credit cards! It's easy to suggest cheaper forms of credit but you must consider the customer and what they're true alternatives may be. Truth is, while payday loans are very expensive forms of credit, they meet a very much needed demand from a population who has no other cheaper alternatives. Sure, a cash advance from your credit card is cheaper than a payday advance. But there is a very good reason why payday loans are so popular: there’s a huge population in this country who cannot get credit cards! It’s easy to suggest cheaper forms of credit but you must consider the customer and what they’re true alternatives may be. Truth is, while payday loans are very expensive forms of credit, they meet a very much needed demand from a population who has no other cheaper alternatives. ]]> By: Viet http://www.mint.com/blog/train-wreck/personal-expense-tracking-payday-loan-to-keep-the-lights-on/comment-page-1/#comment-613 Viet Wed, 23 May 2007 21:00:51 +0000 http://www.mint.com/blog/train-wreck/tuesday-train-wreck-payday-loan-to-keep-the-lights-on/#comment-613 Exactly! Sometimes the small amount can seem very trivial, but over time and gradually increased, savings can build into a substantial emergency fund that really help out situations like those above (and many more). A cash cushion will definitely let you better handle unexpected financial emergencies! Exactly!

Sometimes the small amount can seem very trivial, but over time and gradually increased, savings can build into a substantial emergency fund that really help out situations like those above (and many more).

A cash cushion will definitely let you better handle unexpected financial emergencies!

]]> By: Misti http://www.mint.com/blog/train-wreck/personal-expense-tracking-payday-loan-to-keep-the-lights-on/comment-page-1/#comment-611 Misti Wed, 23 May 2007 18:43:32 +0000 http://www.mint.com/blog/train-wreck/tuesday-train-wreck-payday-loan-to-keep-the-lights-on/#comment-611 I always wondered why it really mattered to put away only $5.00 a week if that's all you have to save. I thought, if I have a real emergency it's going to cost at least $500-$1000. So it would take someone years to even build an emergency account on $5.00 a week. But this story has made me realize the true importance to saving anything you can. If you really are cut short for an electric bill, you would have that money in your savings. Please always try to save anything you can. That $5.00 will get bigger and bigger as the years go on. Bump it up to $10 next week and you'll never even notice, then $20, $25 and so on. I always wondered why it really mattered to put away only $5.00 a week if that’s all you have to save. I thought, if I have a real emergency it’s going to cost at least $500-$1000. So it would take someone years to even build an emergency account on $5.00 a week. But this story has made me realize the true importance to saving anything you can. If you really are cut short for an electric bill, you would have that money in your savings. Please always try to save anything you can. That $5.00 will get bigger and bigger as the years go on. Bump it up to $10 next week and you’ll never even notice, then $20, $25 and so on. ]]>