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03 Jun 2019   /   0 comments

How to Make a Personal Budget?


How to make a personal budget? Now isn’t that a question everyone would like to know the answer to! And here, at TFC Title Loans, we are eager to help answer it. This isn’t exactly what we do. We are, after all, a lending company not a financial planning firm but we care so much about our customers that we wish to go the extra mile for them. We prioritize lender transparency and consumer education which is why we want to help you out with questions that aren’t even in our area of business. You probably have come across this page because you are struggling a little bit financially or you are just learning how to become financially independent. Either way, we hope we can be a resource for you.

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Ever since we first opened our doors in 1994, we have firmly believed that we have a responsibility to, not only our clients, but all past, present, and potential consumers. A responsibility to help each and every one of them achieve financial success in their lifetime so they can care for their loved ones well. As the oldest title loan lender in California, we have worked hard to put all of that experience to good use which is why we have been expanding our website to include multiple resource pages to include topics other than title loans such as questions related to the DMV and financial planning. In this particular resource page, we will explain how to go about setting up a personal budget so you can spend your money wisely and save more money for the future.

Over the last 25 years, we have assisted thousands of individuals in financial need by getting them approved for an auto title loan in California, New Mexico, and Arizona. If you wish to learn more about creating a personal budget, then please continue reading. However, if you came across this page because you are interested in getting a title loan, then fill out our simple online application or give us a call today!

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How to make a personal budget

Step One

The first thing you need to do is identify the exact amount of money you have coming in as income. This could be your yearly salary or what you make in a month, whatever is more sensible for you. Your final take-home pay, after taxes and healthcare, is your net income and that is what you use to build your budget off of.

Step Two

Next, choose a method to keep track of your budget and your spending. This can be a fancy new budgeting app like Mint, which keeps track of your accounts, or you might prefer to go old school with an Excel spreadsheet. Set up your method so it is simple to keep track of. You don’t want to get so overwhelmed by the complexity of checking in regularly that you refuse to do it as often as you need to.

Step Three

After you have chosen your method, you can plan out your goals. List out all of your expenses and categorize them so you know how much you are usually spending. Ex. $200 on groceries. Then, once you have all the categories listed, you can choose what you want to cut down on so you have more money to move to savings. Ex. $50 on Starbucks to $20 on Starbucks and $30 to savings. Be realistic but also challenge yourself. You can even categorize your savings in your personal budget. You can be saving for something fun like a new car while you are saving for retirement or a more substantial emergency fund.

Step Four

Simply follow your budget. We know that it is easier said than done but it will be worth it in the end. You will thank yourself. Make sure to return to your budget and make sure you are on track. Sometimes when you are just getting started you need to do it every week because sticking to it feels foreign but over time it may become second nature. Even when it becomes easier, continue to check back in so that you can adjust if necessary. Don’t be afraid to tweak it if you need to.

We hope that, after coming to the end of this article, you feel more equipped to spend your money wisely and follow the personal budget you have made for yourself. Making a budget will make your life a lot less stressful overall. If you have any unanswered questions about the tips and strategies that we have provided on making a budget, then we encourage you to give one of our friendly customer service representatives a call. We always want to help in any way we possibly can. If you are interested in obtaining a title loan or are interested in refinancing one with us, then fill out our online application or give us a call today!

Car Title Loans Help You Experience More 

All around the world, it’s obvious that people invest more time working, the majority of people pay more attention to their job than anything else forgetting that while the body grows old, the job still remains. Many attached this pedantic working attitude to the fact that the recession has affected a huge part of the economy forgetting that there is time for everything. When you loaded yourself with multiple tasks and work pressure, it changes your entire body system and a reaction in the body system will definitely occur. Survivability fights then follow. Constant pressure on the brain will lead to stress, which can linger long in the body system even while you are off work.

Stress can result in blurry thinking and completely prevent you from thinking straight which will drastically affect your efficiency and concentration at work. Vacation is the only way to reduce this mental stress and to also refresh the mind for total concentration.

Big thanks to different writers and medical practitioners around the world that advocated for the need for vacation and rest. Majority of them clearly points out the importance such that it is visible to the blind and audible to the deaf.

Personal Goals

Also, I noticed many young people don’t really have the chance to achieve their dreamt wedding; the majority of these victims has been discouraged by friends or family who has one way or the other failed to contribute their quota financially. Sometimes, the flop might be from the DJ, decoration, foods, and drinks, cake, in short, the flops always are from a financial angle.

Recently, there has been a drastic change in people perspective towards vacation as many now see it as an avenue to reduce the stress, refresh the brain and as well spend quality time with family. This change does not exclude the wedding as well, many people tend to marry late to achieve their dreamt elaborate wedding.

But, then, is it all the people that realize the importance of vacation as well as memorable wedding truly achieve the type they want? Obviously, if you ask me, I will tell you no because, the expense of doing so to the fullest has deprived many people of achieving their true dream, here and there, many seek for the best alternative rather than enjoying the best.


Should this be so? No, it shouldn’t, many people who are not financial buoyant like you do still enjoy what you fail to enjoy, they still visit their dreamt location during their vacation. Many people who earn have of your earning still have a fantastic wedding; there is no other reason for that than the fact that they seek for help at the right place. We’ll help you fulfill your dream during your next vacation; we will borrow the money you need to make your wedding a memorable one through our pink slip loan.

While many consider wedding not enough reason to put your car as collateral not to talk of traveling for vacation, I believe the risk is worth taking. Experiencing that magical wedding day, or going to a brand new place when you have the opportunity, are both important life milestones that shouldn’t be stressful due to a shortage of quick cash.

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