It is impossible to predict the future and situations with money can cause a large degree of pain and worry.

There is this theory among some people that everyone has a pool of money sitting in their bank account for a 'rainy day' and that should something unusual or bad happen then that pool of cash can be dipped into and all problems are solved.

This is, of course, a ridiculous idea and many many people in the UK (and across the world) live to their salary day in and day out. This isn't because we want to or choose to it's because we have to.

With the cost of living rising monthly and salaries not matching this rise it becomes vitally important to save money (if possible) and the very least have enough money for day to day living such as food, travel and living costs.

When a crisis or emergency does happen, and there isn't a pool of cash to dip into then sometimes a loan can seem like an easy option.

It is important to know that a loan isn't always the best option - sometimes it can make situations worse. Therefore you should consider your ability to pay the loan back. If you can pay it back (and on time) and the quick cash will help you then a payday loan may be a good option for you.