If you found my little blog and you are in financial difficulties, are thinking about taking out a payday loan or have only got one, or are in a real pickle about what to do about your money problems, then I really sympathise with you.
In modern life, in the Western world, where money buys everything, where position and having the latest and best of everything is so vital to our consumer culture, we are almost programmed to automatically consume.
The problem is, that with spiralling costs things are getting really difficult.
And that means people can end up in debt.
I think I read somewhere that almost half the working population are only one payday away from bankruptcy. Meaning that if they don’t get paid next month then they will collapse financially.
That is a frightening thought.
It means that many of us are terrified about getting sacked, which plays into the hands of the corporations.
It means we will do any work for any money just to keep our heads above water. But because we are not being paid enough money to get savings, we continue in that hand to mouth cycle which we can never get out of.
Some people will say this is just an unfortunate coincidence of modern life, but I’m pretty sure that modern corporations, financial institutions and governments are well aware that this is the state half the population in.
It makes us much more malleable if we don’t have the financial luxury of being able to take a step back and look at what’s going on around us.
When we are drowning in debt and resorting to payday loans just to stay afloat, we aren’t going to be looking at what government policy is, or having time to speak out on things which would otherwise be important to us.
And as for the companies we work for, they know that they can pay the minimum wage possible and keep us working hard because there are so many others who will do our jobs for us for that price, because they are just as terrified as us of not getting that next pay check.
It’s a horrible cycle and I sympathize with everyone who is in it.
All I can say is that there is light at the end of the tunnel if you can take steps to get out of it. Me and my wife had to resort to a short-term loan to give us the breathing space to turn finances around, and if you manage it right you can do the same. We had to take on some extra work and we had to manage your finances tightly, meaning we missed out on some stuff in order to keep up with the payments, but we did it.
The net result is we are now paying off the loan okay, plus we are saving a bit each month, heading rapidly towards a situation where we could both lose our jobs and survive for a month before things collapsed around us. I know it doesn’t sound like a lot of time, but it does mean we are just that little bit more financially solvent.