Advice for a Cash Advance

A Cash Advance can be a lifesaver, but like most emergency equipment should be used only when absolutely necessary. Remember, a loan can keep a check from bouncing, but in the long run won't solve what created the financial difficulty in the first place.
In fact, a high-interest-rate loan that has to be repaid the next payday can make a tight financial situation even worse. Granted, coping with short-term financial problems without taking on more debt can be difficult, but with some creativity and determination it can be done.
Some alternatives to consider before resorting to a payday loan:
Start a $500 "Rainy Day Fund." Yes, times are tough and saving isn't always easy -- which is exactly why you SHOULD start saving money. Building an emergency nest egg doesn't take as much as you might think; even $10 per paycheck adds up nicely after just six months. Better yet, if you have direct deposit, have your payroll manager deposit the money into a separate savings account -- you'll be surprised how much you won't miss the cash. (For both inspiration and information, visit www.AmericaSaves.org)