As they say, life happens, And sometimes, despite our very best efforts, we find ourselves in a financial pinch. We may have experienced a job loss. Perhaps a medical emergency arose and we need to seek care from a doctor. Or perhaps our car broke down.
But that’s not the only reason we might need or want access to funds. In fact, there are many reasons why you may need a cash advance at some point in your life. In this article, the team at Cash Store will dig into the most common reasons people need cash advances, especially those uncommon ones.
We all know the holidays are an expensive time. From holiday celebrations that require food and drink to the inevitable gift-giving that comes along with the time of the year, it can get quite costly. In fact, Americans often spend over $900 annually on holiday-related gifts alone. But what do you do if you don’t have those funds sitting around?
Here are some common holiday expenses that can add up quickly:
While many companies are calling employees back to the office, remote work is still alive and well. However, remote work doesn’t come for free, despite the beliefs of many. Setting up and maintaining a productive home office often involves unexpected expenses that can stretch your budget past the point of comfort.
For instance, remote work requires reliable hardware and technology, which might include purchasing new monitors or audio-visual equipment for Zoom conferences. Increased internet service or even emergency alternative internet options may also be necessary to guarantee a stable connection.
Additionally, if you have family visiting or a new baby at home, you might need to rent temporary co-working spaces to maintain a quiet and professional environment. These unexpected costs can add up quickly.
Kids need constant supervision, and leaving them unattended is not only unsafe but seriously frowned upon—and all but illegal in most states. But finding last-minute care isn’t always easy, especially if you have job-related or personal obligations that can’t be missed and where the kids can’t come along.
In such situations, a cash advance can be a lifesaver, helping to cover various emergency childcare expenses:
Utility costs have been on the rise in recent years. Last year alone, they rose by 2%. While that might not seem like all that much, even that extra 2% can really add up when you are living paycheck to paycheck or working hard to make ends meet. And beyond that, there are other things largely out of your control that can make your bill in one month significantly higher than average.
While budgeting for utilities is a good practice, sometimes it’s impossible to anticipate unexpected spikes in utility costs, especially during the peak of summer or winter. Here are a few common scenarios that can lead to unexpectedly high utility bills.
When these unforeseen spikes occur, a cash advance can provide the necessary funds to cover the increased costs.
Last but certainly not least, those special life events that many of us strive for can suddenly put us in a tough place financially. Lifetime events like engagement parties, baby showers, milestone birthdays, retirements, and more deserve a special touch, but that can cost money. A cash advance can help cover the expenses associated with these significant moments
As we said earlier, life happens and sometimes we need some extra money to help us get by. That’s where Cash Store can help. We offer cash advance loans that can help you out when you are in a financial pinch.
To get started, apply today.
The content on this page provides general consumer information or tips. It is not financial advice or guidance. Each person’s circumstances are unique. The Cash Store may update this information periodically. This information may also include links or references to third-party resources or content. We do not endorse the third-party or guarantee the accuracy of this third-party information. There may be other resources that also serve your needs.
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