Probably the most common reason customers need an online title loan is that they’ve struggled to set aside enough savings in advance for an emergency fund. Sometimes things happen and the plan you may have had to set aside funds for once expense may have gone awry when you had to use them for another […]
Probably the most common reason customers need an online title loan is that they’ve struggled to set aside enough savings in advance for an emergency fund. Sometimes things happen and the plan you may have had to set aside funds for once expense may have gone awry when you had to use them for another expense. Cases like that are why car title loans come in very handy, but they should never be a substitute for building up your savings to meet emergency expenses. Building up an emergency fund can be pretty simple, but it also takes some discipline to make it reality.
Set Aside About $10 Or $20 With Each Paycheck
One reason people fail to build an emergency fund is they don’t understand how much of a difference sending as little as $10 each paycheck into a savings account can make. If you got paid weekly, that could be as much as $40 or more a month, and add that up over the course of a year and you could have as much as $500 set aside for your emergencies. But as an even better solution, personal finance expert Dave Ramsey suggests going for $1,000 as even better insurance for such situations. Yes it may mean sacrificing a little bit of your entertainment money, but you’ll find it was completely worth it.
Put Change You’re Not Using Into Your Savings Account
Money jars and piggy banks may be most commonly associated with young children and their money goals, but even when you become an adult they can still come in handy. Whenever you have cash in your wallet, it’s probably a lot of $10 or $20 bills. Whenever those get broken down into small dollar amounts, putting those in a jar and then depositing the full jar into savings can help a lot according to NerdWallet. Yes, even just avoiding spending that small change on small trinkets at the gas station could turn it into an emergency fund if you manage it right.
Cutting Your Cable TV And Other Needless Expenses
When you really get down to it, you can probably find a lot of things you buy regularly or subscribe to that you don’t need. Have you paid attention to your cable television bill lately? If you only need local TV channels, you can get those for free by just having a digital TV antenna that can be setup indoors or outdoors. There are also much cheaper TV-watching services out there nowadays such as Hulu, Fubo and even YouTube that are authorized to offer live channels. It doesn’t have to be just TV; do you really need that monthly gym membership, or can you eliminate some of those policies on your auto or health insurance coverage? It usually only takes a few seconds to think of expenses you can cut and when you do, that’s money back in your pocket.
Find Things You Can Sell And Send The Money From Those Sales To Savings
You might be surprised what you might find if you go up to your attic or down to your basement and find that old computer or video game console, or just find other things you don’t use anymore. If you start selling those on eBay or even just host a yard sale, there’s a good chance you could find collectors or other buyers interested in them. Yes, it can be a noble cause to give some of those items to charity, but even selling them cheap could do your emergency savings plan a big favor.
Don’t Touch The Money In Your Savings Account When It’s Not An Emergency
Knowing there’s unused money in your bank account can always be a temptation for you to use it for something you don’t need. Maybe you have a friend or a loved one’s birthday coming up and you don’t want to feel guilty about not buying them a present. But do not use that money in your savings account to buy an expensive present because while you may not feel nearly as good about buying a cheaper gift, your friend will probably appreciate the thought more than the gift. Plus as bad as you might feel about not buying them something expensive, how much worse will you feel if you don’t have that savings fund there to pay your landlord if you get temporarily laid off of work?
Your goal should be to save first and contact title loan lenders second because even just $200 in savings could help pay your bills. The title for your vehicle needs to be clear in order to receive your title loan money, but if you’ve almost paid off your entire car and do still have a lien, you might be eligible for 2nd lien title loans in which the lender will buyout the remainder of your car payments and count them against your title loan equity. Just make sure you understand your title loan repayment agreement in its entirety before taking on this.
Getting Cash Quick Without A Job
It can be very difficult for some people to come up with money quickly when they don’t have a job. On the same hand, it can be really hard to get a loan without a job as well. However, if you have a vehicle that has some value and a clean title, you will be able to get a title loan. Many are left wondering how to get a title loan without a job. Below are some steps to applying.
Online Or In Store
You are able to apply at your local title loan office or online. You will only need some basic information about yourself and your vehicle in order to apply for the loan.
The main requirement for securing a title loan is that you have a clean title on your car. This means that you cannot have another lien against it or another title loan taken out against it with another lender.
How Much Can I Get
The amount you can get with a title loan will depend on a variety of factors. Some factors will include how much your car is worth and what state you live in. Different states have limits to how much lenders can offer borrowers for a title loan. In most cases, you will receive your money in as little as a single business day.