Gaps bring difficulties in education and finances

Gaps create potential for larger issues whether it’s a gap in finances or education.

09:06 11 August 2013

Whenever we face a specific difficulty, it’s often due to a particular gap.

For education the gap could include a shortage of science and math teachers. Those subjects are critical to improvements in society and without a firm grasp of the subjects, students may have an uphill battle to achieve their goals.

For finances the gap is felt when there isn’t enough money between paydays to cover necessities and bills. For many people payday loans are one way to fill that gap, but here are a few things to remember:

• Check with banking institutions, grocers, family, friends, and other resources to find out the various options you have available to you. Payday loans might not be the only avenue you can consider. If you take a little bit of time to investigate options you might be able to save yourself extra expense.

 

• Sometimes bridging that gap in your finances is as easy as contacting one of the companies you owe to ask about changing a due date permanently if that would alleviate certain issues. You could also inquire about the possibility of a payment arrangement, or what the penalty might be for making a late payment. The late penalty may actually cost you less than the interest for payday loans.

 

• If you decide that you are still in need of loans, whether personal loans or payday loans, compare information from a variety of lenders. Shopping around might take a little time, but it could be very rewarding. Sometimes shopping around results in lower repayments, and a lot less interest paid over the life of the loans.

We all need ways to bridge the gaps from one payday to the next, and these tips can help you choose wisely.