How To Prevent Another Financial Emergency

October 20, 2020 | June Mckaig

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Financial emergencies can put you in a bind and establish the behavior of robbing Peter to pay Paul – creating stress and a high-level of tension in the household. Preventing financial emergencies is not as hard as you think and can dramatically increase your quality of life. Follow these tips for a sound strategy to keep Peter and Paul's money in their pockets – as well as your own.

Tips So You Can Avoid Financial Emergencies

Live Within Your Means

The first step to living within your means is knowing what your means are. Creating a budget that shows what you are bringing in and what goes out each month will tell you where your money is going and what you are overspending on. A budget also allows you to decipher what are staples and what can go.

The goal is to have more income than expenses in order to save a little each month in an emergency fund for a financial emergency. For example, if your cable bill is $600 per month and all you watch is Netflix, and the subscription for Netflix is $70 per month, it may be time to cut down that cable bill that you aren't using.

Going through each line item of your budget will help you see things more clearly of what is really being used, and what isn't. If you are going out to each day, it may be time to save the extra $200-$300 per month and invest $150 more in groceries.

Living within your means requires some juggling of your spending habits; however, it will be well worth it in the long run to take control of your spending. Controlled spending means that your bills are paid on time, you have the money for the staples in life, and you have the funds for a financial emergency.

Use Gift Cards And Coupons

We all have that drawer that is full to the brim of gift cards and coupons. Put them to use for date night, free items, grocery shopping, and other things. Return the unwanted items that are hanging in your closet with the tags still on. Waste not, want not.

There are several tools to help you spend less as you are reorganizing your budget to start living within your means - gift cards and coupons are just one of them. Taking an itemization of all that you have will allow you to maximize their use and plan your budget out more efficiently.

Don’t Shop Hungry

When you go to the store hungry, you are more likely to spend money on items that you don't need. When you are hungry, everything looks good. Part of staying on a budget is keeping to your shopping list. The few items that you throw in the cart add up and can put you over your budget fast. Go shopping on a full stomach and don't let it dictate what goes in the cart.

Get Prepared With Alabama Title Pawns Or Online Payday Loans

There are many challenges that can get in the way of staying on a well-planned budget to prevent financial emergencies. When you accidentally go over budget and have to cover your assets, preventing another financial emergency is as easy as 1, 2, 3. You have Alabama title pawns and Alabama payday loans available to help you out!

 

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Advantages Of Getting A Title Pawn Or Payday Loan

There are so many benefits of getting a title pawn or payday loan here. These are just a few:

  • You could get up to $15,000 in cash with a title pawn
  • You could get between $100 - $500 in cash with payday loans
  • Our approval process is quick and easy
  • You will get your cash the same day if you are approved
  • We are flexible with our payment schedules. Just come talk to us.
  • You don’t have to put up collateral for payday loans
  • You get to keep your car while you are repaying your title pawn
  • Big emergencies can be taken care of with payday loans and title pawns

How Do I Get Online Payday Loans Or Title Pawns?

Our process is simple for anyone to go through. All you have to do is fill out the online form found right on our homepage. Once we receive your form, we will get in contact with you to go over the rest of the process. The loan representative will let you know what you have to bring with you and answer any of your questions.

For payday loans, you will have to bring your ID, your social security card, your most recent pay stub, a 30-day bank statement from your checking account, and a blank check from an active checking account in your name. For title loans, you will have to bring your ID or driver’s license, your vehicle’s title that is free of prior loans and in your name, and your vehicle for the inspection.

When you arrive at a title pawns near me in Alabama, we will sit down with you to go over your items and let you know if you’ve been approved. If you are approved then we will go over the loan terms and have you sign the agreement. Once everything is signed you are done! We will hand you the cash you qualify for and you can be on your way!