Avoid Holiday Debt With These Money-Saving Tips
Most Americans live paycheck to paycheck. They simply don’t have enough money by the time the holidays roll around to cash-flow everything. Want to avoid going into debt when the holidays start coming around? For fast, immediate cash get an online title loan, but for more money-saving ideas, here is what you can do:
1. Start Budgeting
Getting in control of your finances starts with budgeting. This shouldn’t be just a one-off holiday thing. Create a separate budget for your holidays. See how much you can afford to spend on each and how much you’re likely to spend considering past holidays. If your activities are out of your budget, either find a way to substitute them with something cheaper or cut them outright.
2. Create Sinking Funds
The easiest way to never worry about holidays again is to create a separate holiday fund for each: Easter, Thanksgiving, Christmas, and any other holiday. Then, each month, put some money away into each sinking fund, so by the time the holiday rolls around, you have the money ready to go. While this might sound a bit complicated, it’s actually pretty easy – much easier financially, at least, when you only have to cut a portion of your income instead of spending your entire paycheck and more on it.
3. Shop Ahead
Make a list of everything you need and shop before the holidays. This might sound like a lot of extra work – but the money it’ll save you will definitely be worth it. Black Friday and Cyber Monday are obviously the best time for any shopping you need to do – but starting a little earlier will prevent panic impulse shopping. Not every gift you buy needs to be holiday-themed after all.
4. Do NOT Buy Things You Don’t Need
Sales can be tricky. When something is low-priced at 50-70% off, the temptation to buy it is strong, even if you know you don’t need it. Make a gifts shopping list and stick to it. The money you’ll be spending on it will be better spent on something you’ve already planned to buy. Unless it can actually act as a substitute for one of the things on the list and save you even more money.
5. Buy Online
Shopping online allows you to compare shops to get the very best deal. It also helps you to avoid purchasing extra items that catch your eye in a brick-and-mortar store. You can plan out your purchase and a bonus is you can avoid the crowds too!
What to Do if You Need Quick Cash
Fast and Quick Title Loan from AtHomeTitleLoans.com
While it’s possible to spend the entire holiday season debt-free, it can be hard, especially if you only just started organizing your finances. If there are some holes in your holiday budget, consider taking out a title loan to patch them up and then pay them as soon as possible.
Why Use Title Loans to Get Emergency Money?
First of all, title loans are fast! The entire process of applying and getting approved should take you no longer than an hour. Depending on your luck, it might even be over in as little as 15 minutes, as long as your documents are in order.
Second, a title loan is a secured type of loan. This means your vehicle will be acting as loan collateral. This allows lenders to operate more freely when title loans are concerned compared to unsecured types of loans. They work with all kinds of income streams these days, and will even consider your application if you have bad credit or no credit.
Last of all, these days getting a title loan requires no store visit is pretty easy. If your documents are in order, then taking out online title loans is pretty simple. You go to the website, upload the documents they require, and wait to get approved.
How Do I Get a Title Loan?
While taking out a title loan is a simple and straightforward procedure, it doesn’t mean there are no requirements. You won’t be able to take out a title loan unless you are of legal age (as in 18+), own a vehicle, and that vehicle’s title is in your name. The title in question should also be lien-free. If you do satisfy these few requirements though, then the entire process will be over quickly.
Save money to avoid falling into the paycheck trap. It's easy to fall behind, but by following these tips and getting a title loan in an emergency, you can stay on track and better enjoy your holidays without the financial stress.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.