{"id":1153,"date":"2013-05-21T15:57:51","date_gmt":"2013-05-21T19:57:51","guid":{"rendered":"https:\/\/goday.ca\/blog\/?p=1153"},"modified":"2021-09-30T11:14:07","modified_gmt":"2021-09-30T15:14:07","slug":"a-payday-loan-can-actually-save-you-money","status":"publish","type":"post","link":"https:\/\/goday.ca\/blog\/a-payday-loan-can-actually-save-you-money\/","title":{"rendered":"A Payday Loan Can Actually Save You Money &#8211; Part I"},"content":{"rendered":"<p><a title=\"GoDay Home Page\" href=\"https:\/\/goday.ca\/\" target=\"_blank\" rel=\"noopener\"><em>GoDay.ca | Payday Loans Online<\/em><\/a><\/p>\n<p><iframe loading=\"lazy\" src=\"http:\/\/www.youtube.com\/embed\/Ki2J7ZaU-z4\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>With all the flashing, neon lights in store windows, grabbing your attention from across a sidewalk, it&#8217;s hard to believe that using a <a title=\"GoDay Home Page\" href=\"https:\/\/goday.ca\/\" target=\"_blank\" rel=\"noopener\">payday loan<\/a> service could actually save you money. After-all, says the first impressions part of our brain, nothing that tacky can actually be promoting something<strong><em> good<\/em><\/strong>&#8230;can it?<\/p>\n<p>We get the doubtful end of the stick all the time. And, we don&#8217;t blame you.<\/p>\n<p>&#8220;The fees are enormous, so how is <a title=\"GoDay Home Page\" href=\"https:\/\/goday.ca\/\" target=\"_blank\" rel=\"noopener\">getting an advance on my pay<\/a> going to save me money?&#8221;.<\/p>\n<p>It truly depends on the situation, but we assure you there are unique circumstances where a payday loan can help keep more money in your pocket.<\/p>\n<p>Like all types of <a title=\"Interpreting the Ontario Payday Loans Act\" href=\"https:\/\/goday.ca\/blog\/interpreting-the-ontario-payday-loan-act\/\">short term loans<\/a> (lines of credit, credit cards, etc), if used responsibly, you could find yourself ahead.<\/p>\n<p>Here are just a few examples of how using a <a title=\"GoDay Home Page\" href=\"https:\/\/goday.ca\/\" target=\"_blank\" rel=\"noopener\">payday loan<\/a> could help save you money.<\/p>\n<h3>Vacation planning<\/h3>\n<p>You want to take a trip somewhere tropical in six months. You&#8217;re keeping your eye on the discount airliners for rock-bottom prices or cancellations. You estimate, the nature of ticket pricing being what it is, that you have some time to save up.<br \/>\nOne month passes, and your airline of choice has a huge seat sale for $400 (taxes in) round trip. You were planning on spending $600. Problem is you&#8217;ve only managed to save $200 so far and your credit card is maxed out for the month. You know the tickets will be sucked up fast, and there&#8217;s no way to be sure that you&#8217;ll get lucky on a cancellation.<\/p>\n<p>Where can you get the extra $200?\u00a0A cash advance!<\/p>\n<p>Recall that, in Ontario<a title=\"Interpreting the Ontario Payday Loans Act\" href=\"https:\/\/goday.ca\/blog\/interpreting-the-ontario-payday-loan-act\/\" target=\"_blank\" rel=\"noopener\">, the maximum allowable fee per $100 borrowed is $21<\/a>. So, do the math.<\/p>\n<p>If you need to borrow the remaining $200 to buy the ticket, that&#8217;s a total of $42 in fees for a total ticket cost of $442. If you were preparing to spend $600, you just saved yourself $158 bucks!<\/p>\n<p>And, you did it all with a payday loan <strong><em>and<\/em><\/strong> it&#8217;s fees.<\/p>\n<p><em>Check back next week for <a title=\"A payday loan can actually SAVE you money \u2013 Part II\" href=\"https:\/\/goday.ca\/blog\/a-payday-loan-can-actually-save-you-money-part-ii\/\">Part II<\/a>!<\/em><\/p>\n<p style=\"text-align: center;\">\u00a0<em>Remember, if you need a\u00a0<a title=\"Short Term Loan GoDay.ca\" href=\"https:\/\/goday.ca\/\" target=\"_blank\" rel=\"noopener\">short term loan<\/a> before your next pay day, head on over to GoDay.ca to apply!<\/em><\/p>\n<p><a title=\"Apply Now at GoDay.ca\" href=\"https:\/\/goday.ca\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter\" src=\"https:\/\/goday.ca\/blog\/wp-content\/uploads\/2013\/06\/applynow-btn.png\" alt=\"Click here to apply now!\" width=\"117\" height=\"39\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><strong>Related Articles:<\/strong><\/p>\n<p style=\"text-align: center;\"><a title=\"Interpreting the Ontario Payday Loans Act\" href=\"https:\/\/goday.ca\/blog\/interpreting-the-ontario-payday-loan-act\/\" target=\"_blank\" rel=\"noopener\">Interpreting the Payday Loans Act<\/a><\/p>\n<p style=\"text-align: center;\"><a title=\"Payday loans \u2013 Why Choose GoDay.ca?\" href=\"https:\/\/goday.ca\/blog\/why-choose-goday-for-your-payday-loans\/\" target=\"_blank\" rel=\"noopener\">Why Choose GoDay for your Payday Loan Needs?<\/a><\/p>\n<p style=\"text-align: center;\"><a title=\"Payday Loans &amp; What You Should Know\" href=\"https:\/\/goday.ca\/blog\/payday-loans-what-you-should-know\/\" target=\"_blank\" rel=\"noopener\">Things to know before getting a payday loan<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GoDay.ca | Payday Loans Online With all the flashing, neon lights in store windows, grabbing your attention from across a sidewalk, it&#8217;s hard to believe that using a payday loan service could actually save you money. After-all, says the first impressions part of our brain, nothing that tacky can actually be promoting something good&#8230;can it? [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[10],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v20.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>A Payday Loan Can Actually Save You Money \u2013 Part I<\/title>\r\n<meta name=\"description\" content=\"Yes - in the right circumstance, a payday loan could actually save you money! Check out these possible scenarios to see if one is right for you!\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/goday.ca\/blog\/a-payday-loan-can-actually-save-you-money\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"A Payday Loan Can Actually Save You Money - Part I\" \/>\r\n<meta property=\"og:description\" content=\"Yes - in the right circumstance, a payday loan could actually save you money! 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