Saving money can be a stressful thought if we don’t know where to start. You don’t want to find yourself in a bind where you need to scramble for money to cover your sudden expense. That’s why TFC has done some research to help you figure out ways to save money when you’re on a tight budget.
Setting up automatic savings is one of the best ways to save money. Many banks offer the ability to transfer money automatically from your checking to savings account. They allow you to pick when and how frequently, in specific amounts. If you don’t see it, then you probably won’t miss it. These savings could be a great idea for emergencies, home purchases, school tuitions, or even retirement. Even $15 to $25 a month could add up to over $100 a year.
An emergency savings account will be the difference between someone staying afloat and those who will sink financially. Low-income families who have at least $500 saved are better off financially than moderate-income homes that have saved less. Without emergency savings, you might find yourself scrambling to collect funds.
The best thing to do before you can really start investing is to pay off any high consumer debt with a double-digit interest rate. If you have a credit card balance with $3,000 with a 19.8% interest rate, and you pay the minimum balance of 2%, it will take you 39 years to pay off the loan and cost more than $10,000 after all the interest. This is one of the best ways to save money.
Saving for retirement can help you retire comfortably. Saving now for retirement will ensure that you have enough money to live your lifestyle. The best time to start is when you have your first job, even though it is never too late to start. Your workplace may offer you a 401(k) plan, or you can choose to save on your own with an Individual Retirement Arrangement (IRA). See a previous post about saving for retirement.
Savings is one of the great ways to save money successfully. There are apps that can help you, different websites, spreadsheet templates, and even companies that will help you save. It’s not hard to plan, but it’s committing that will be the challenge.
There are arrays of ways to save money on the internet, but I will limit myself to two which I believe they are achievable and are capable of providing you the extra cash you need to maintain yourself.
When most of us see the advice to sell old books, toys, clothing, or other items we could do without, we probably think of yard sales, Craigslist, or pawnshops. But there’s an even easier way to sell your items these days: online. From Amazon to eBay, there are plenty of ways to promote your sales to potential buyers around the world. Not only does this make it easy to quickly sell a few things, but it also allows you to access a far larger buying force than you could get just having a yard sale.
If you have old textbooks from college, collectibles that you’ve kept in great shape, or specialty supplies for a craft or hobby that you don’t have time to use, you can set up a shop on Amazon or eBay within just a few minutes. And with a few extra hours and a little bit of creativity, you can turn your Internet sales into a full-fledged business so that you can keep the extra cash flowing all year long.
If you can sew, know fancy calligraphy, or have the ability to create craft patterns or graphic designs, consider selling handmade goods through websites like Etsy (or even try Amazon’s new handmade market). These websites make it easy to run a side business year-round, letting you stock items when you have them, and keep your store on vacation when life gets busy. Popular items to sell on these websites include jewelry, stuffed toys, art pieces, handmade tools, and even custom-made clothing.
TAKE A HARD LOOK AT YOUR BILLS
For many Americans, the only reliable way to make extra money is to reduce monthly spending. Unfortunately, this may mean cutting back on things that you truly need, and learning to do without. For example, most people need cell phones these days in order to stay in touch with work, school, or to be able to contact family in an emergency. But you can do all of that with a basic “dumb phone” that doesn’t have data or any other special plans. Cutting back your cell phone to a simple call and text messaging plan can help reduce your monthly bills by hundreds of dollars in some cases.
The same is true for any subscriptions you may have to Netflix, cable, or book services. The library is your new best friend for entertainment until your finances even out again. If you’ve lived in your home for more than a year, call the utility company and ask if you can be put on a level billing system; this may help you shave a few dollars off your monthly bill. If you live close to a library or public location with free Wi-Fi that you can visit, consider temporarily shutting off your Internet service until you can get your finances back on track.
Finally, check out any insurance policies you have, for your vehicle, medical insurance, or for your home. If you are paying for more coverage, now may be a good time to cut your policies down to the minimum, and use the extra money to cover your financial emergency. You can always increase them again later when things aren’t as tight.
CONSIDER AN AUTO TITLE LOAN
If you already know ways to save money and if you own your own vehicle and have a valid driver’s license, you could get the cash you need in just a day by visiting an auto title lender near you. Car Title Loans are short-term loans that don’t require the borrower to have good credit or good borrowing history; in many cases, borrowers don’t even have to prove that they have income, meaning Car Title Loans can be used during times of unemployment while you search for a new job.
In order to apply for a title loan, borrowers put up their vehicle title as collateral. But don’t worry! You get to keep your car and use it however you like, during the entire time you have the loan. The only time that your car could be in trouble is if you default on the payments – and even then, most auto title lenders would prefer to work with you on payments, rather than repossessing your car.
If you need money right away for an emergency, but you don’t have time to take a second job, an auto title loan could be a good way to cover the cost of a major emergency. You can often borrower larger amounts, against the value of your car, so title loans make for great solutions when a small loan from friends or family just won’t cut it. And title loans are fast, as well. You can often apply, get approved, and receive your funds all in one day with your auto title lender near you.
One good thing about car title loan is that the majority of the requirements are what you have as a resident of a particular location. If you are laid off from work and you have a very good expensive car, you can borrow a substantial amount against it title to start a small scale business.
If you find yourself in a bind and you consider a car title loan as a perfect option for you, we will help you.
Now you know a few ways to save money!
WHO WE ARE
We are your number one-stop loans source; we are close to you as our offices are located in almost every corner of the United State. We offer the best loan that fits your financial situation; we put into consideration your source of income before we make any loan recommendation so that we don’t end up putting you in a situation where you lose your collateral. We offer sufficient cash through our pink slip loan to meet all kinds of need; our customers do not struggle to repay their loan as our repayment term is flexible and there are no hidden fees. Majority of our customers repay their loan in their next payday with low interest since they know how much they need to repay and when it needs to be paid. We have been in existence since 1994 and thousands of people have been saved through our loan program. So if you already know ways to save money, take out a loan!
WHY YOU SHOULD GET THE LOAN FROM US?
The aim of every business person is profit but TFC Title Loans belongs to the categories of few companies that put humanity first before profit. TFC Title Loans isn’t just a loan company established for just profit sake; our core intention is to help as many people as we can in their difficult time. Our popularity in the loan business can be accredited to our low-interest rates, flexible loan, simple application process, unbeatable terms, great customer service, and long-term repayment plans.
Car title loan with TFC Title Loans application process is simple; you can apply on our website by filling the submitting the short application form and you can also walk into any of our offices near you to fill the application form. Check our locations to know our closest office to you.
Great Customer Service
Great customer service is one of the reasons why we are rated far above our competitors. Our staffs are well trained and they render the best of services to our clients. They are always available in person and on phone to answer your calls. They treat each customer as personable Furthermore, they are always discreet about customers’ information and they treated them confidentially as much as they can. Customer satisfaction is our utmost priority. We evaluate every situation and will make the best recommendation to make sure our customers don’t put themselves in a position to lose their collateral.
How much you can get through a car title loan depends on the value of your car, however, most lenders will try as much as possible to be on a safer side so most of them will borrow you 30 to 50% of your car resale value. At TFC Title Loans, we are completely different; we usually take a high financial risk to satisfy our customers. We will offer you up to 85% of your car value as oppose 30-50% offered by other companies and you can get up to $50,000 depending on the value of your car.
Keep and Drive Your Vehicle
While your car is used as collateral for a loan, you are still in possession of it and can use it without any restriction. TFC Title Loans offers you a loan without creating any havoc to your lifestyle.
No Hidden Fees, No Prepayment Penalties
We don’t take advantage of our customers; we work in accordance with the law that guides car title loan in every state where our offices exist. We make sure our customer read and understand what they are signing before signing any loan contract with us. Every detail of the loan will be included in the drafted loan deal and no any additional payment will be requested outside what they signed as long as they keep to the loan terms and conditions which majorly repayment at the appropriate time.
You Only Pay the Interest for The Time the Money Is Borrowed
This is one of the reasons why we are different. If you are able to return all the money in a time lesser than the agreed time, you only pay the interest for the time the money is borrowed.