The problem that causes demand for payday loans is that payment of bills is often on a different schedule than paydays. The problem may be that your bills may be more than expected or there may be a bill that was unexpected such as a car repair. The problem may be that the last payday was smaller than expected due to sick days or bad weather preventing you from going to work. The result is that for a short period (less than 2 weeks or a month) you will spend more than you make in income.
If you have some contingency savings, you can borrow from them to tide you over. You make room in your next payday to replace your contingency savings.
If you have no contingency savings but you have a credit card with some limit room, you can borrow the money in a cash advance from your credit card or line of credit and allocate money from your next payday to pay that back.
If it is a matter of paying some bills late that may be an option. There may be some late fees or charges but you make sure that you allocate money from your next payday to pay the bills and the extra charges. If you have certain bills set to be paid by preauthorized debit you have removed this option from your financial tool chest. If it is for the rent you risk upsetting your landlord by paying the rent late.
All of these solutions are manageable if you have some wiggle room in your budget. The important thing to remember is to cut back in some areas of spending in your next payday period so that you pay back the money that you have borrowed from yourself. The short term cash flow problem can happen often to busy people so you need to keep yourself in financial shape to deal with spending or income fluctuations.
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