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26 Mar 2019   /   0 comments

How to Save For Something You Want


pexels-photo-264471It can be really hard, particularly during summertime, to commit to a savings plan even if it is for something you really want.

There are so many impulsive buying options that you have to commit to foregoing and that can be extremely difficult to do.

But if you know that it is worth it for this specific item, whether it be a car or a vacation or a new flat screen television, then you will be able to hunker do and make the commitment.

Once you do make that commitment, you need to figure out how to save for something you want at the most practical level. Meaning that you need to come up with a game plan and take the action steps necessary to meet those goals.

Here, at TFC Title Loans, we are dedicated to helping you achieve those goals in any way that we can. We have been in the lending industry for nearly 25 years now, making us the oldest lender in the state of California.

We have been putting that knowledge to good use by expanding our website to include these resource pages for our customers to offer help and answers on all manner of issues including financial planning. We want to help you come up with a game plan for you to save up what you need to get that thing that you want.

We don’t only care about selling you something because we make customer service and consumer education our number one priority.

Figuring out how much you need to tighten your budget to reach your goal will depend totally on how much wiggle room you have in your budget as it is.

If you have a good amount leftover at the end of the month then you will only need to cut down on the frivolous expenses. However, if you have very little leftover at the end of each month, you might need to learn how to cut down on the big stuff like groceries or your utility bills.

Once you have determined where you stand, you can start to come up with a strategic savings plan either by week or by month.


Come Up with a Savings Plan

… And stick to it! First, do some research to come up with a realistic goal for that big thing you are saving up for. Make sure to include tax and all other extra costs so that you end up with enough money saved at the end.

Once you know exactly how much you need to save, come up with a realistic time table. Don’t pick a date that will stress you out or that is completely impossible because you will just feel discouraged and give up.

Divide that savings goal by however many months you have in your time table and come up with a monthly savings goal.

Bank Transfers Automatic

Once you have determined your exact monthly savings goal, set up your bank about to automatically transfer that amount to your savings account every month right when you receive your paycheck. This way you are paying yourself first and you aren’t tempted to spend it instead of saving it.

Separate Savings Account

Don’t send those bank transfers to just anywhere. Make a specific savings account just for this particular goal. This will make it easier for you to keep track and will help you stay away from using that money.

Make Budget Cuts

Make cuts from different places in your normal monthly expenses and then stash that extra money into your savings account. Maybe cut your cable for a few months and rely on Netflix or Hulu. Go out to eat less often and cook at home. Cut out that daily Starbucks and make coffee at home instead.

Take all that extra money and put into your savings account. If you get any sort of bonus from work or a tax refund then put it straight in the savings account instead of going on an impulsive spending spree.


If you do all of these things, then you are bound to reach your goals. Just stick to your plan and keep your end game in sight.

However, if you are struggling to reach that savings goal then consider taking out a title loan with us here at TFC Title Loans. We can get you a substantial amount of money based on the value found in your car regardless of your credit score.

If you have any questions about this, give us a call right away as we would love to help you out. Or if you would like to apply right away, go to our home page and fill out our quick and easy online application. We really look forward to working with you so you can save up for that thing you really want.

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