Let’s face it, the cost of living in New Zealand is high and many Kiwis earning an average income struggle to make it to the end of the month. That’s why an instant payday advance from Cash Relief may be the answer to surviving that difficult last stretch before payday.

We understand that rough financial patches are difficult to avoid at times, and unexpected expenses can leave you broke. A cash advance can be a godsend, but it’s essential to spend it sensibly and make the most of it. The financial experts at Cash Relief have compiled a helpful list of things you should not do with your cash advance in NZ.

Don’t splurge on luxury items

The whole point of a payday advance is survival. Using it to pay off an electricity bill or to refuel your car for that last week before your salary is deposited is appropriate. But splurging on holidays or shopping sprees should be planned for and paid for with disposable income.

Stay away from gambling

Gambling can be addictive, irrespective of where the money you use comes from. Don’t risk losing a lifeline for some momentary excitement. There’s nothing wrong with moderate gambling as long as you can afford it, but betting your stakes on borrowed money only increases the risk of falling deeper into debt.

The hope of a quick fix can be appealing, but (quite literally) what are the odds that you’ll win? Instead plan carefully so that you make worthwhile investments rather than taking a chance with your payday advance.

Don’t carry your whole advance in cash

Security is one of the reasons Cash Relief products are managed online. We do online transfers so that you don’t have to carry large amounts of money on your person, leaving you vulnerable to criminals .

And with regards to online fraud, the record left by our online transactions makes it easier for our customers to track and document any theft by third parties from their accounts. You can make a much stronger case with this evidence that if the cash is stolen from your hands. Keeping the money out of your hands allows you to use it to meet all your financial obligations with invaluable peace of mind.

What happens if things go wrong?

Lenders must state in plain language what penalties will occur if a borrower misses one or more loan repayments. They also have to state clearly up front what the borrower’s options are if they fall into unforeseen hardship and are no longer able to make any loan repayments at all or for a temporary period of time.

Contact Cash Relief for fast cash loans anywhere in New Zealand! Apply online or call 0800 081 080 for more information today.

Whatever the situation, one thing is certain, you can rely on Cash Relief to do the right thing. Explore the possibilities by reading through our articles.

See how to get a Cash Advance from Cash Relief.