Christmas is right around the corner. We’re all going to be scrambling to make sure we’ve got our holiday shopping done in time and that we have the funds to do it. Some of us are going to come up short, and we may need to ask our employers for a little extra help during this special time of year.
There are two ways you can go about asking for a payday advance from your employer: you can ask for a loan, or you can ask for an actual advance on your paycheque (which is essentially a loan).
Here are five reasons why you should consider getting a salary advance from your employer during the holiday season:
1. You’ll be able to afford everything on your shopping list.
2. You’ll be able to take advantage of pre-holiday sales!
3. Your family will be happy and proud of you!
4. You won’t be stressed out during the holidays.
5. It’s easy, fast, and convenient!
A new survey released by the Society for Human Resource Management found that people spend roughly $1,000 dollars during the holiday season. With so many obligations at this time of year, plus the fact that an extra paycheck doesn’t come until January 5th, many employees are seeking a salary advance to bridge the gap.
Christmas Street Performers is here to help. Here’s five reasons why you should consider getting a salary advance from your employer during the holiday season:
It’s Convenient – Salary advances simply allow you to get paid early, instead of waiting for your next paycheck.
They’re Easy to Get – AdvanceMe Inc. will give you up to $1,000 in cash without any credit check or application needed!
Avoid High Interest Rates – Your employer will work with AdvanceMe Inc. and figure out a repayment plan that you can afford and work with.
It’s Not A Loan – You don’t have to worry about paying back interest or additional fees, just the amount borrowed is all you’ll pay back.
There’s No Paperwork Involved – Getting a salary advance involves no paperwork and only takes about 30 seconds for approval!
1. The convenience of getting a salary advance from your employer is that it does not involve filling out forms, verification of credit score or any other conditions or fees.
2. Getting a salary advance from your employer can help you stay away from the high interest rates of credit cards and payday loans.
3. Getting a salary advance from your employer during the holiday season can help you save on some extra costs that arise due to traveling, shopping and entertaining guests over Christmas and New Years.
4. Getting a salary advance from your employer will help you save on overdraft fees which may be charged by banks if you do not have enough funds in your account which is required to cover some purchases made during the holiday season.
5. Getting a salary advance will also help improve your credit score since most people end up using credit cards or payday loans to take care of any additional expenses that may arise during the holiday season.
The holiday season is upon us once again, and for many of us this means a sharp increase in our shopping habits. The holidays are also a time of year when we make special trips to visit friends and family. As a result, many of us will end up spending more money than we would on a typical month.
If you do not plan for these seasonal expenses, it can be very easy to run out of cash before the end of the month. When this happens, it is only natural to feel the need to borrow some extra money from your employer.
There are many ways of doing this, including getting an advance on your paycheck or taking out a loan from your employer. However, there are also some drawbacks to consider when borrowing money from your employer.
In this article, I will discuss five reasons why you should think twice before asking for an advance or loan from your employer during the holiday season:
1) You May Have to Pay Back the Money You Borrowed From Your Employer
2) You May Have to Pay Interest on the Money You Borrow From Your Employer
3) Your Credit Score Will Be Affected by the Loan or Advance From Your Employer
4) Your Employer May Not Be Willing to Give You Another
Many employees find the holiday season to be a stressful time. The holiday season often comes with many additional costs, especially financial ones. These costs include:
Presents for family and friends
Hosting parties or going to parties
Travel expenses (for example, to go visit family)
Donations to charities and other organizations
Employees may run short of cash during this time and ask their employers for salary advances. If an employee asks for an advance on their wages, should the employer give it? As an employer, what are some of your options? A salary advance is a loan from an employer to an employee. Employees who receive a salary advance will have less money when they get their following paycheque. There are both benefits and risks associated with giving employees salary advances during the holidays. Here are some reasons why you might consider giving an employee a salary advance:
Helping Your Employees: Giving your employees a small loan during the holiday season can make them feel appreciated and happy at work. It may help them avoid overdrafts and other fees that they might incur if they were short on cash around Christmas time. Your employees will likely be grateful for your assistance. They may express their gratitude by working hard, which is good for business.
Many people await the holiday season with great anticipation. After all, they will be able to spend time with family and friends, and take a well-deserved break from their daily routine. The holiday season is also associated with spending money – perhaps more than is needed or wise. Whether you need to spend on travel or accommodation, gifts or food and drink, the expenses can add up quickly.
While you may budget for such expenses in advance, there may still be times when you are short of cash during the holidays. That’s why many employees take out a salary advance at this time of year – whether it is a loan against future earnings or an advance on their upcoming paycheck. Both can help provide the money needed to get through the holidays without having to resort to using credit cards that charge high interest rates.
Many employers offer a salary advance as part of their benefits package, as it may help them retain employees who then don’t have to look for work elsewhere. It is also seen as a perk that makes your job more attractive, so if your employer offers one it’s worth considering taking advantage of it during this expensive time of year.
Here are five reasons why: