Expenses

There are many expenses incurred on a day-to-day basis and each one is most suited to a specific financing option. it is up to you to decide which form of finance you should use for each expense.

The most common financing options include:

Cash is generally used for smaller items in todays economy and is slowly being replaced by credit cards. Many transactions, however are not large enough for credit cards and the fee would be too much to cover any profit the seller would make on the transaction.

Credit cards are the most popular form of finance for medium to large expenses including electrical goods, restarant bills and other expenses of this size. Sometimes you may need to pay a bill that can't be paid for by credit card but isn't big enough to take out a secured loan. Many people use payday loans for such an occassion, especially if they need cah fast.

Personal loans fall into two types, the unsecured loan and the secured loan. The unsecured loan is, as it's name suggests, not secured on anything and so most people over 18 can apply for this type of loan. The secured personal loan is, however, secured on your home and as such is only available to homeowners