How To Gain Financial Relief in South Carolina
August 27, 2020 | Daniel Dewitt
The economic hour of most Americans is dire. A confluence of factors has led to the downfall of the middle class and the difficult situation many of us find ourselves in. Falling wages, rising student debt, a great recessions: all have led to where we are currently.
So where do you go for financial relief? How do you get your finances in order and get ahead in life? Thankfully we have a few answers to offer here today.
If you’ve been recently laid off, one fast way of supporting yourself is by filing unemployment. Filing can be a complicated and frustrating process in many states, so it may require some effort on your part to hunt down the money so to speak, but the reward can be a lifesaver. A note of caution though: unemployment benefits don’t last forever, usually lasting only a month to six weeks. Always remember that unemployment checks are limited and you can’t rest on them forever.
One time trusted and reliable way to dig yourself out of a financial hole is simple: increase your income with a second job. While it will without a doubt be both a time and effort sink, getting a second job can seriously improve your financial forecast. While it’s unlikely that you’ll be able to double your income, second jobs almost never pay as much as your primary one after all, whatever your costs now all that extra income can go towards remedying them.
In the internet age it’s easier than ever to find a side hustle too. Sites like Upwork and Fiverr specialize in matching clients with freelancers and finding you work. The variety of work available also means that whatever your work experience you’ll be able to find something that suits you and your skillset.
The other main way of righting your financial ship besides earning more is to reduce your costs. There are some easy ways to do this initially: don’t buy expensive luxuries like cars or furniture or clothes that will take large bites out of your bank account. For some though just cutting out the luxuries won’t be enough.
Little costs won’t chomp at your bank account like big ones, but they will swarm it like a school of piranhas until there’s nothing left. The best way to ward away these financial piranhas is to create a budget. A budget is perfect for tracking your costs and expenses and seeing where the little costs are sneaking through.
Many people are intimidated by creating budgets. They think it requires the horror that is math, but in actuality the creation of a budget can be as complex or simple as you like. The easiest way to create one is simply to total your income and expenses and subtract the second number from the first to see how much extra cash you’re dealing with each month. Once you have that number, you can make better decisions about how to allocate that money.
An even easier method of creating a budget and tracking your expenses is to download an app like Mint that will automatically track your spending and gather the data into categories. It also displays the data in easy to read charts that help visualize the data in a way that lets you get a firm understanding of your financial situation.
The last, and most effective, means of gaining financial relief is taking out a loan from payday loan places. Payday loans are a form of short term fast loans that can net you up to $550 in same-day cash. The required items are simple and easy to gather. All you’ll need to bring to payday loan places are:
- A blank check from the active checking account in your name.
- Your most recent pay stub.
- A Driver's License or Government Issued I.D.
Payday loans are ideal when you’re struck by a financial emergency. Whether it be medical, job loss, or a car accident, having a repository of cash you can draw on in need is absolutely vital. Studies show that most American households can only cover a $400 emergency before their bank account runs dry.