Financial Fast: A Nice Art to Curb Spending

Financial Fast- A Nice Art to Curb Spending

When you are a pre-diabetic, you have to remove any items from your food list to bring your blood sugar level back to normal. Likewise, when your financial condition is not stable, you have to cut back on your spending to improve it.

Here comes financial fasting. It is known as a technique to cut down on your inessential spending to control your finances. When you have to bring your blood sugar level back to normal, you stay away from sugary food for at least a month.




Now the question is how long the financial fasting should last. There is no particular length of time because it ultimately depends on how long it takes to get back to a sound financial decision. Here are some of the rules for financial fasting:

  • Buy things that you need. You will have to completely cut back on your wants like eating out, movie halls, bars, night entertainment, and the like. You should spend money only on food, housing, medication, and other necessities. In other words, you can say that you have to live off a lean budget.
  • Use only cash for all of your purchases. As long as you are on financial fasting, you should not use your credit cards. Using cash can prevent you from overspending.
  • Have a spending log with you. Make sure that you keep noting down all expenses so you can track how much money you have already spent and how much you are left with for the rest of the expenses. Keeping tabs on your expenses is crucial even if you are living off a lean budget.

Here are the tips to make it successful.

Just following the rules are not enough to make it successful.  Here is what you need to do to shoo in.

Identify needs and wants

As you know, you are to spend money on needs only unless you achieve your goal. It is paramount to identify the difference between needs and wants. For instance, your needs can vary from the other people.

For instance, while going to the salon cannot be necessary for you, others may consider it a need because of their profession. It is crucial to understand what is essential for you and what you can shrug off as your want.

You should write down your needs and wants on paper, so you do not have to decide at the time of purchase. This is a great way to understand the difference between them. If you have already noted it down, you can easily tackle your temptation. For instance, if your friend has asked you to dine out, you can politely turn down the offer.

Be responsible

Just because you have created a list of your needs and wants, it does not mean that you can achieve your goal. You will have to stick to it. Show some responsibility. There should not be any room for flexibility. Otherwise, there is no point in financial fasting.

Your friends may persuade you to go shopping or bar, but you know why you deny them. Even if they scorn you, make sure that you tackle them without breaking your financial fasting rule.

Of course, this does not go to continue until your last breath. You will have to stick to it unless you see improvement in your financial condition. Once you have taken control over your spending, you can stop it.

Remove temptation

It is normal to be tempted to go to the cinema, shopping hall, and nightclub. After all, you want some fun in your life. When you have the worst temptation, remind yourself that it is just a matter of days that it will end up.

After all, you are doing it to be financially stable. If you succumb to your temptation, you will increase your trouble. This will make it more challenging to spend money on entertainment and fun activities down the line.

Many people do not realize how it is hitting their spending capacity, which is why they rely on unsecured bad credit loans with direct lenders to meet most of their needs. If you do not want to get into a debt trap, you should overcome your temptation.

Financial fasting does not need to be more than a month if you stick to your goal. With these tips, you can make it successful.


4 Key Suggestions to Be ‘Money-Ready’ For Your Start-Up

Money for start up

When we talk about a start-up, the first thing that comes into the mind of most people is that – you need to borrow a big amount of debt to start your own business. Well, nobody wants to believe that they can actually use their savings to manage the cash flow of their business without even going into debt. This thought might seem to be a fairy tale concept for most of the entrepreneurs, but in reality, it can be done if you just know how to do it in the right way.

Just like many people purchase their car, home with their money. Similarly, a business can be started with one’s savings if you have the right strategy. Yes, there is certainly no magical formula that can help you establish a business within overnight. However, it can be started without taking debt which in itself is magical though. Here, we have mentioned 5 suggestions that can help you fund your business without taking out a big debt. So, let us get started.

Clear all your debts

If you want to fund your business entirely with your savings, then you have to modify your saving habits. Now, the first thing that you have to get started is the debt which every one of us does take at one point of our life to accomplish any financial goal or to when there is an urgent financial need. Make a list of all the debts that you owe and that are not yet completed. The reason why you have to eliminate your debts first is that you cannot save enough money for your start-up if you have too many debts. For instance, if you have some debts still to be cleared, then you can knock the door of the direct lender who provides bad credit loans without guarantor.

Put a break to your discretionary expenses

Now, in order to eliminate all your debts, the most effective step that you can take is cut all your discretionary expenses, and use the amount on your debt repayment instead. There are various ways to cut your unnecessary expenses such as going to restaurants to have dinner on the weekend, over-shopping habits, spending money on things that you don’t need and others. Try to use your money only when there is a genuine need rather than swiping your credit card impulsively. Well, you might not see a big change in just a day, but if keep practising this habit, you will eventually save hundreds or even thousands of pounds every month. This will create a huge jump in your savings that could be helpful for the funding of your start-up.

Keep an emergency fund for backup

Yes, you need to save for your start-up business, but it is more important that you have some savings for yourself as well. So, if any odd situation arises, then you will well and ready to tackle it easily without any complications. Ideally, you must have at least 3 to 6 months of your monthly expenses as savings which will be enough to deal with any unprepared situation. This will help you when you will be quitting your desk job to start your career as an entrepreneur and will provide great support to handle things properly. You will easily be able to pay all your bills and manage the expenses even after leaving your job and it will buy you enough time to settle your business.

Don’t rush yourself to take hasty decisions

Well, the thought of leaving your 9-5 job and starting your business sound very tempting, and it can even make you take hasty decisions. It is necessary that you start slowly and take each step carefully rather than rushing yourself to start your business as soon as possible. Take your time and learn about the industry that you have been planning to enter as much as possible and make sure that every decision that you take is properly evaluated and are made by taking all aspects in mind.

So, these were the tips that you need to follow if you want to start your business without taking any debt. Doing this, will give you a great boost to your career and will also keep your morale high that you have established the company entirely on your own.


What Is So Good About A Bad Credit Loan?


Troubled finances and a low credit score is known to be the pair of eternity because in every individual’s life they walk hand in hand.  When a person thinks to set them apart, he or she needs to pull up their socks because it can test the patience until the journey ends. On that note, it is important for every individual to know the BREAKUP RULE of these two constraints. However, through hassle-free borrowings, it is important to bring them back on its original platform. In other words, it can be assumed that balancing finances can help a person to use the funds via online assistance whenever a credit holder wants.

To answer the question of what is so good about a low credit loan is that, you can use the loan amount to solve any of the requirements. It is just one of the basic reasons from the count of numerous explanations. Let just take “solve any requirements” as the base and move further to justify the question with other arguments. With the given fact, a low credit score can make your identity look like a debt trap and that is when loans for bad credit with no guarantor play an important role so that a borrower can improve the credibility of credit score to solve various future purposes.

What are the good things about the credit term?

The borrowing term holds various features that include easy retuning procedure, applicants accepted on bad credit score and no fees on instant decision. Other than that, a borrower is also not under any obligation to present a guarantor as it used to happen earlier.

If a borrower wants to invest in a business projector on any of his official or personal purpose, that is also possible with the help of borrowing amount.

Why is the repayment schedule known to be flexible?

It is because a direct lender provides the borrower to select the date and time as per the demand of the situation. It has helped many borrowers because they were already prepared for the situation of returning the amount. For example, a person is working in setting up a business and he has scheduled the date and time as per the ease. It has helped the person to complete the project first, and then with his convenience, he has repaid the amount as soon as possible.

What is the process of a bad credit loan?

A lender deals with this process by providing them with no credit check feature so that the process of transacting money becomes easy. This feature allows any type of credit score so that the borrower can get instant disbursal anytime by just using the smartphone or a laptop.  Not only that, it specifically provides no credit check loans with no guarantor to give the borrower another chance to improve the credit score and side by side to get over with financial struggle.

What other goods a bad credit score can cause?

There are some other reasons, which can benefit you from the constraint of having a less than average score:


The acknowledgement of accepting the way you have spent the money can make you learn the importance of money.  It can be the learning, which provides you gratitude within yourself and turn you to become a better person in terms of handling the funds.


When you lose your nuts then life teaches you a lesson of why you should keep it tight. In the same way, when you let your finances to lose the grip that can land up the situation of falling in credit score. It is mandatory that a bad credit score happens only because of carelessness, there are some other reasons also. But to see from the wider aspect, it can make you have a good learning experience.


The borrowing of the direct lender accepts the application because it provides a chance so that the borrower can use it to favour the situation.  This attitude can help you to solve the financial crisis and also help you to improve the credit score for future borrowings.

The bottom line

To divide the paths of two constraints of unbalanced finances and low credit score is important because it can create difficulty for any of your borrowing purposes. Therefore, with the help of flexible features, this borrowing term can bring a good outcome from the bad situation.

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