6 errors that can turn financial problems into a disaster
'11.11.2019'
Source: Life hacker
If you are in a financial hole, it is important to avoid stupid things so as not to dig even deeper.
1. Take a microloan
Perhaps the idea of taking a small loan from a microfinance organization will seem tempting to you. Such companies know how to advertise themselves and really give out money to almost everyone in a row. And it seems that this is exactly what you need: to get a small amount without confirming your solvency in any way. You need to give such a loan quickly and on time. First of all, due to high interest. Writes about this Life hacker.
In addition, a microloan is the easiest way to call collectors to your doorstep. Companies willingly sell their debts as soon as the delay exceeds 90 days: then microcredit does not bring profit to the real owners.
2. Stop paying for utility bills
When there is no money, it is logical to look for what regular payments you can refuse. Utilities often fall into this list, but you should not do so.
If it seems to you that the resource-supplying organizations have no levers to influence you, this is not so. For the second month of non-payment you will be charged a fine. After two months, you risk being left without hot water, gas, electricity and sewage. Finally, you can be evicted as a last but possible measure. So it’s better not to consider this “saving” method seriously.
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3. It is irrational to use a credit card
A credit card provides an excellent opportunity to "intercept" a small amount before salary. But this method is suitable only for people with a regular income of a normal level. To exit the financial hole, this option will not be saving.
For example, you get 5 thousand rubles (amount and currency - for example), of which 3 thousand you spend on food, a thousand - on a communal apartment, a thousand - on travel, household chemicals and other extremely necessary things. If this month you borrowed 500 rubles from the bank, then next month you simply will have nothing to return them from. On the other hand, if you pay with a credit card for a thing for 50 rubles, then it will be easier to give them back.
You can use the card, but only after careful calculations.
What is definitely not worth doing is to create situations in which you do not have time to pay off the debt before the grace period expires. Up to this point, you will need to return only what you took. After the bank begins to accrue interest, and financial burden will increase.
4. Take household loans for unnecessary things
It seems that the previous paragraphs should have already suggested that loans for those who have problems with finances are evil. It is worth consolidating this idea in another aspect.
Household loans are presented as an opportunity to buy what you can not afford. The only trick is that you still cannot afford it.
You buy a thing too expensive for you at an even higher price - taking into account interest.
Of course, this is a business matter - to decide whether to spend money on a not very useful purchase, removing them from important expense items. But you certainly cannot call such a strategy reasonable. It is hardly worth expecting that with this approach your financial situation will improve. In the best case, you will not succeed in making it much worse.
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5. Get involved in dubious financial adventures
When there is no money, many begin to look for easy ways to earn money and invest literally the last in lotteries, gambling and pyramids.
If you don’t see Hollywood letters on a nearby hill and the director does not shout at you, you should not hope for sudden wealth. The more doubtful the financial adventure, the more money it will draw from you.
6. Stop keeping a budget
When there is absolutely not enough money, it seems that you do not need to count them. After all, it’s clear where what amounts are spent, you still can’t buy too much.
But it is in this situation that keeping records of expenses and predicting spending, especially large ones, is vital. Yes, the information in your spreadsheets or notebooks will not be optimistic. But for sure, and not just about knowing the real state of things, it will not hurt at all.
