Stop Paying Cash Advance Interest Charges

How to Stop the Cash Advance Interest Charges Forever

Does it always seem like you can’t pay off your cash advance? Does it always feel like your trapped, and your own hard worked for money is being sucked out of you?

There is only one rule you must follow to finally end the continual trap of interest charges that come from Cash Advances. The Rule is

“Cash Only”

Have you ever walked into an Asian store, or restaurant and have seen that dreaded sign…”Cash Only”?

Well there two main reasons why this sign is up:

-   Instant money in your pocket

-   Skips the credit transaction payment (good for small stores where every penny counts)

If you follow the basic rules of “Cash Only” you not only change your life forever, but be in more control. You will be taking your first step towards “financial peace of mind”.

There is an acicent Chinese saying:

A journey of a thousand miles begins with a single step.

Lao-tzu

So are you ready to take your first step to stating the “Cash Only” principle to end your Interest Charges Forever?

“Cash Only” is an easy principle to understand; however it may be difficult to follow.

To solve the issue of “interest charges” we must attack the “root cause” of this problem. While there are many “magical financial systems”, the “Cash Only” principle places 100% of the responsibility on the person.

Therefore you have a “choice” of whether you want to be financially free, or not.

A big problem is that we live in the land of the credit card. For this very reason, want to use cash only to help us begin to manage our money.

The two keys to “Cash Only” is:

• -Calculate and Track Your Budget

1.   Rent/Mortgage & and other fixed expenses (your cash advance).
2. Last: Secondary Expenses

•  Only USE CASH!

When you are paid make sure you allow enough money to pay your NECESSITIES. That would be: your rent/mortgage, utilities and any other fixed expenses you may have.

Put this cash in an envelope and write down what it is for. Include the how much the cost is.

Any amount of cash that is left should be withdrawn from your checking account to be used for food, clothing, gifts, entertainment, gas, etc.

Once the division has been made you will find that you will still be able to survive in your situation. However, you now have a limited source of cash for yourself. This limited source is a GOOD THING. Since you can ONLY USE CASH, there will be no mistakes of spending more than you can afford through credit.

So you say, “This is tough!” No credit/debit cards?

There are no comforting words that I can give you. Only that if you stick with the “Cash Only” rule, you will find yourself free from the trap of continual interest.

Beware, sticking to the principle of “Cash Only” may be the hardest thing you’ve ever done!

Remember:

-   manage your money.

-   Use only cash

By putting yourself in a tough situation, you will meet the challenge with newer inspiration!

Here is another quote:

If you only have a hammer, you tend to see every problem as a nail.

 

- Abraham Maslow

What does this mean? It means you will HAVE to find and create creative ways to manage your cash. Of course, the first few weeks will be the toughest. You may even run out of cash before your next payday, however, stick to the principle “Cash Only” and you will eventually find yourself escaping the cash advance interest charges forever

After several weeks it will get easier to manage your cash and you will be surprised to find extra cash available before your next paycheck. What will you do with that extra cash?

I’ll leave that choice up to you