Wondering How to Pay for All Those Spring Expenses? Three Options to Consider with Unsecured Personal Loans
Spring may be heralded as the season for enjoying carefree weekends filled with outdoor fun after a long, cold winter, but for many families, spring is an unpleasant time for dealing with a long list of extra, but necessary expenditures.
Youngsters often have extra expenses for class field trips, teens need prom dresses and graduation gifts, and that home air conditioning system repair that got put off last fall is now rising in urgency at the same rate as the outside temps. With April’s income tax payment still a painful memory, many families find themselves rolling into May and June with little or no financial reserves available for these extra expenses. If your family is feeling the pressure of an especially tight springtime budget, these three options can help ease the strain and keep your family on firmer financial footing.
Look for other ways to cover end of year school expenses
Online auction sites and book resale sites are excellent ways for families to generate some much needed extra income each spring, or throughout the entire year. Gently used clothing, books, and collectibles are often able to be sold online for substantially more than what they might bring at a yard sale or through a consignment shop. Parents can also use these activities as a learning experience to teach kids about the potential rewards of running a small home business.
Look for ways to barter needed home repairs
Another way to eliminate some of the financial stress involved in trying to pay for spring home repair needs is to find ways to barter with other like-minded people in the neighborhood. For example, a homeowner who is an accountant by trade might barter record keeping services with an HVAC contractor in exchange for servicing a home air conditioning system or a lawn care company owner might exchange their services with an auto mechanic in order to cover a car repair. An active barter system can take some time to set up, but the financial rewards can really help to stretch family budgets.
Look for reputable sources for unsecured personal loans
In many cases, the fastest and best option for covering extra spring time expenses is to find out about borrowing options from trustworthy personal loan lenders. Unlike a traditional home improvement loan, there are no closing costs on an unsecured personal loan and the terms can be arranged with very convenient repayment schedules of 3, 5, or 7 years.
Borrowers typically need only to provide current credit scores and history, income and employment verification, and debt-to-income (DTI) information. Even borrowers who have some blips on their credit history can usually succeed in finding suitable unsecured personal loans for bad credit. As with any financial decision, borrowers should always take time to read all the terms and conditions of the loan and make sure they are dealing with a reputable lender before applying for any type of credit.
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