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When A Stay At Home Mom Turns to a Cash Advance

If you’re like myself, you are probably a stay at home mom (or dad). Choosing this path in life is truly a rewarding experience. You get to stay at home with your family and experience all those important milestones such as first steps, first words and other major goals in a child’s life.

No matter how rewarding this lifestyle is, sometimes the unexpected can happen. An unexpected doctor’s visit, a car repair, or a home maintenance cost can pop out of nowhere and sometimes the money just isn’t there. After checking to see if there are any available credit cards that I can use or seeing if I can borrow the money from friends or family, I turn to what I call my last resort, a cash advance.

Cash advances are a wonderful fall back for those times when unexpected expenses appear. I use them only as a last resort because, depending upon the place that I use the cash advance, interest rate can be very high and cause you to pay a lot more on the money that you are being advanced. That is why a cash advance is usually my last resort for an emergency money supply.

If you are a stay at home parent and deciding if a cash advance is right for your situation, here are a few things that I take into account before taking an advance.

1. Can you get the money anywhere else such as a credit card, a family member, or even selling items at a pawn shop or on ebay?

2. Can the expense wait until payday?

3. How often have I used a cash advance?

4. Can I pay it back in a reasonable time?

As long as you think it through and use a cash advance responsibly, you’ll be able to get that little added help when an unexpected expense comes out of nowhere.