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These apps typically offer small, short-term loans, and interest or fees may be attached.
I recently sat down with a single mom of three named Tomika Wright.
She admits that she got a little carried away with cash advance apps and payday loans.
However, she did four key things tostop using cash advance apps.
While all three offer quick access to funds, there aresome big differencesto be mindful of.
Here are four key things Wright did to meet this goal.
Wright continued to pay close attention to her spending and adopted a method called paying yourself first.
The pay-yourself-first method is a budgeting strategy that prioritizes saving money before spending on anything else.
Once I found out about paying myself first, it was a game changer for me, Wright said.
She tackled one card at a time and set a deadline for when she wanted to pay everything off.
I worked hard for several months, but it was worth it, Wright said.
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