Rethinking Our Finances…

With the holidays over my husband and I are re-thinking our finances.  We are working on paying off the presents and other various charges we racked up from holiday spending and we are thinking about what kind of tax refund we could expect.  I know we are not alone in going a little (or a lot) overboard on holiday spending and with the start of a new year we are also tying to get back on track on saving for unexpected emergencies.  For example, if one of our cars or even if one of us had to go to the emergency room, those are two big expenses that we couldn’t cover right now.  Since saving money is not something I really think about, I couldn’t imagine how we would pay for those things.

One way to pay for unexpected expenses is through payday loans.  We have yet to come close to needing one but it is definitely something to think about in emergency situations.  I would only consider one though for emergency situations and for non-necessities like a new computer, iPad, clothes, or some other kind of “toy.”  Payday loans usually have a higher interest rate that you need to consider and when you have no one else to turn to a payday loan could be a great help!

For now, my husband and I are working the numbers and seeing where we need to cut back to cover our holiday bills.  I figure in a few months we will be back on track, and then of course a few months from then we will be back in the holiday season! Oh the joys of money…

Mom and More Disclosure: This is a sponsored post but my honest opinions remain my own. Please see my Disclosure Policy.