Taking a loan for a temporary relief from financial crisis is a wise option but frequent borrowing is strictly not advisable because of the unnecessary risks associated with it. Any loan comes with a high interest and multiple loaning leads to multiple interests. If defaulted on one, it invites further penalties and late fees. The interest, penalties, late fees, etc. add to a huge debt, which is obviously a vicious cycle.
One can confine ones spending and save some for emergencies instead of borrowing frequently. Limiting your budget is simple and easy but requires little self discipline and sacrifice. Start from cutting back on little things, which you do or buy for the sake of shopping and not for the need of it. Go ahead with simple things like carrying water bottle from your home. This will save you from buying bottled water. Avoid going out for eating restaurants every day, you can prepare your favourite food at home that is many times cheaper and healthier than the restaurant food. When you are having food outside, ensure that you buy only what you really require without wasting the food and money. Cut back on paper products such as tissue paper, paper bags, post its, etc. Use cloth bags for groceries and other stuff instead of paper bags, use napkins made out of old clothes instead of tissue papers, old or junk envelopes for writing ‘To Do List’ or ‘Things to Remember’.
These simple tips can save a reasonable amount for you to deal with your little emergencies until your next paycheck. This helps you in depending less on loans and other similar options. However, if some unexpected situations creep in also, you can rely on short-term payday loans that are meant for emergencies and are expected to be repaid in a short period.