With an uncertain economy comes the need to have a financial backup plan. The use of emergency funds has increased in the last ten years, as more families are becoming low-income earners. According to an analysis of a 2011 data by U.S. Census Bureau’s American Community Survey, the number of low-income earners rose from 10.2 million in 2010 to 10.4 million in 2011. Economic security is a mirage for a lot of families, and there is no hope for sudden emergencies, except with a financial backup.
Without a back-up plan, you are putting yourself at risk. Think of these scenarios, to better understand what a life without a financial backup can be like. For instance, Maggie earns a little over 58k a year, and due to being the eldest child, the bulk of taking care of her parents and her siblings lay squarely on her shoulders. At such, there was little to nothing left to keep as an emergency fund. She had a 401k account, but found herself withdrawing from the fund umpteenth times.
Things came to a head when her mother was suddenly diagnosed with cancer and had to undergo treatments, especially chemotherapy, to save her life. There was nothing to fall back on, and Maggie was at her wits’ end. Luckily, she was introduced to Louisiana payday loans. With the way they helped her cope with that family emergency; she became sold on using payday loans as an emergency backup plan.
How does it feel like, to know that there is someplace you can always go to, during emergencies? That knowledge leaves you with less worry about what to do in emergencies, and allows you think of ways to grow your income. When stuck in tight financial situations, you do not have to wait until payday, as your problems do not know about your payday. With payday loans, you have economic security.
Is it that your child is sick and needs to see the doctor, or there is a diploma you have to register for before closing date, or perhaps it is most shattering like the sudden death of a family member? Being broke and having payday weeks ahead, is no cause for worry, if you have an emergency backup plan like the Louisiana instant payday loans. Your economic security is guaranteed.