Simple Ways You Can Improve Your Financial Wellness

May 24, 2021 | Mason Roberts

Piggy bank with stethoscope representing financial wellness

Everyone is preaching about financial wellness these days, but what does that even mean? Does it involve never worrying about money ever again, or is it something more like having smart answers when they're needed most? Many people don't really know how to improve financial wellness or what that even looks like, so we're going to change that today.

What Does Financial Wellness Mean?

Financial wellness is a concept. It consists of being secure in your finances one way or another, whether through a long-term career, a healthy savings account, or credit-friendly loan options. We all go through cash flow highs and lows, but only people who are financially well can pull through it unscathed. In fact, that's why it's so important in the first place.

Financial health requires more than just a pile of money, though. You must make small sacrifices to establish security and create stability for the future. However, that sometimes means creating a backup plan, not just assuming you've got everything covered. Many times, it's the unexpected things in life that ruin our otherwise foolproof plans.

DID YOU KNOW: The average family in the United States lives paycheck to paycheck with less than $3,000 in the bank for emergencies.

3 Simple Ways to Establish and Secure Financial Wellness

Many people think that financial wellness is the same as having a great credit score, but that's not true. Establishing great credit is the result of financial stability, not the cause. You can enjoy peace and prosperity even if your credit rating is less than perfect. That's because it's never too late to start working on your finances and some lenders work with bad credit borrowers.

So, here's how to create financial stability in your life using three simple tricks:

1. Try to Spend Less Than You Make.

The first key to financial wellness is tracking your spending to make sure you don't go over budget. Actually, making a comprehensive budget is the first step. Then, you can cut back here or there to keep more cash in your stash each month.

2. Create a Passive Income Stream.

Having extra money in the bank never hurt, but sometimes your regular job just won't cut it. That's when getting a part-time job or starting a side gig comes in handy. It gives you more income and is much more convenient than sacrificing your comforts.

3. Seek More Convenient Loans.

You don't have to approach a traditional bank for emergency money when you need it, nor do you have to wait several days to get an answer. Delays and setbacks can wreck your financial outlook in less than a week, so seek loans that are fit for your lifestyle.

Keep in mind that while there's no age limit for budgeting or side gigs, you do have to be at least 18 years old to get most loans in the state of Alabama. That includes revolving lines of credit and payday loans where they're available.

How to Use Convenient Loans for Financial Wellness

Have you ever heard of a car title pawns in Alabama? It's a form of secured loan that uses your vehicle's ownership documents in exchange for a lump sum of cash. In Alabama, for example, qualified borrowers can get as much as $15,000 with a single application. Convenient loans like that are not just easy to get either. They're also easy on your credit and budget too.

Car driver going to pawn her car title for cash

That's because a car title pawn doesn't use your credit rating in the same way that a traditional bank does. Best of all, you can keep possession of your vehicle as long as the loan remains in good standing, and in some cases, the lender will travel to your location for quicker processing.

Here are the ABCs of Getting A Car Title Pawn

A = Accelerate the Process by Submitting the Form Online

You no longer have to sit and fill out long forms to get a loan. A car title pawn requires minimal information, which means you can usually get the process started online or over the phone. Find and fill out the standard intake form on our website. You will be contacted by one of our representatives who will confirm your information and schedule an appointment with a verification agent for you.

B = Be Prepared with the Required Items for Qualifying.

The agent on call will either wait for you at the office or come to your location. When that time comes, this is what they'll want to see:

  • Your vehicle for an inspection/appraisal
  • The lien-free title to it (in your name)
  • Your driver's license or state-issued photo ID

C = Complete the Process by Signing the Loan Forms.

After reviewing your documents and inspecting your vehicle, the agent will suggest you sign a few forms. If everything seems satisfactory to you, finalize the process by signing the papers – and walk out of the store with cash in your pocket.

Submit Your Title Pawn Inquiry Today!

Anyone can make a lot of money, but not everyone knows how to practice financial wellness. After you finish reading this post, though, you’ll be fully prepared to start living a new life full of financial wellness and prosperity if you take our advice into consideration.

And if you do decide to get Alabama title pawns, remember that Alabama Title Loans, Inc. has you covered! All you need to get started is simply fill out the short inquiry form on our website.