It’s a kind gesture to buy gifts for all of your friends and family during the holidays, but many people don’t realize how much they’ve overspent until they check their bank accounts after. It’s not uncommon to find a lot less money in it than expected during the holidays, after a vacation, or during an emergency. Fortunately, there are several ways to overcome your cash shortage, including cash advances and smart budgeting.

3 Tips for Getting Over a Financial Hangover

1. Make a Budget

When money gets tight, the best solution is to create a budget and adhere to it until you can spend comfortably again. Depending on how much cash you need to cover your expenses, you may be able to shift funds from one expense to another, such as paying off a credit card bill or cash advance loan using the money you’d ordinarily spend going to the movies or buying coffee.

2. Prioritize Your Spending

The key is to rack up as little debt as possible before you can pay off your existing obligations. January is a notorious time for after-Christmas and New Year’s sales, but you shouldn’t purchase anything until you have disposable money again. Avoid using your credit cards for anything other than an emergency, and be honest with yourself about what defines a necessary expense. For example, don’t tell yourself it’s okay to eat out because you’re hungry. Instead, make a grocery shopping list and use coupons to charge as little as possible to your credit cards.

3. Take Out a Loan

Sometimes you’ve overspent so much that your best solution is to seek out a payday loan or cash advance. They allow consumers to borrow a small amount of money for a brief time. Only borrow the amount you need to cover existing expenses while still being able to repay the advance when it is due. 

Those who find themselves in need of a short-term loan in Florence, KY, and its surrounding areas will also find reasonable rates and quick approval through Advance U Cash. With additional offices in Newport and Alexandria, this cash advance company offers a variety of financial services to customers,  including check cashing. No matter what type of credit you have, you can get approved by calling (859) 746-2274 or filling out an online application today.