Just when you thought you’ve finally managed to get things under control, an accident happens, and it’s completely out of the blue. Your car breaks down and the timing is just awful; after all, you need it to go to work, to drive your kids to school, etc. To make matters worse, the auto mechanic tells you the repairs are going to cost you a small fortune, and it’s the kind of money you simply don’t have. What are you going to do now?
Keep calm – your situation is solvable
Ideally, situations such as these are best dealt with by preparing in advance; either by getting the right type of insurance, or saving money that can drag you out of the rut when things get rough. But let’s assume you simply haven’t had the time to prepare and are now dealing with a situation that’s slowly spiraling out of control. Panicking is just about the worst thing you can do; it’s going to make you feel worse and won’t solve a thing. Instead, you can try one of the following solutions we’re about to present:
Find an alternative way of commuting
This is more of a temporary solution, but it will buy you enough time so you can gather the money you need in the meantime. If you can, try taking the bus. While true you won’t have the freedom your personal vehicle allows for, since it ties you to a fixed driving plan and schedule, it’s better than nothing. This solution works just fine if you live in the suburbs or the city. If not, why not try taking the bike? Just think about the good you’ll do for the environment, not to mention getting yourself in shape. The only downside to this is that a bike is unsuitable for colder environments. In that case, you could simply ask your friends to drive you around for the time being.
Borrow money from friends or family members
A family has always had the function of being a safety net of some sorts, even in financial matters. Your friends and family members also tend to be kind and sympathetic to your situation, and are likely to lend you their help. This way, you’ll have all the time in the world to repay them, and if you’re really close on a personal level, they may even be willing to cover the costs for you (just don’t count on it too much).
Borrow money from elsewhere
If all else fails, resorting to installment loans is a viable way to save the day. However, these types of loans are not to be taken lightly, since they do come with rather high interest rates. They are meant as a way to get you out of trouble in a dire situation; as an emergency money boost, so to speak. If you’re planning to go down that road, please make sure you have a regular income in order to be able to repay them when the time comes.
As you’ve hopefully been able to conclude yourself, the situation you’ve found yourself in may be troublesome, but it’s far from unsolvable. Try to think about which solution best applies to your particular case and keep chipping away at it. Eventually, you’re going to be able to solve the problem and get your life back on track.
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