How to Avoid the Need for Another South Carolina Title Loan

April 24, 2020 | Mason Roberts

Getting a title loan in South Carolina can be a great alternative to missing out on paying bills on time or not having the funds during an emergency. Title loan companies can work with you to get quick approval and speedy delivery of your funds so you do not have to wait longer than you have to. In fact, most customers at South Carolina Title Loans who get approval before noon receive their funds the same day.

 Man considering another title loan.

However, being completely dependent taking out loans back to back can be a hard cycle to break. Getting a title loan is meant as a short-term solution to immediate needs and not something you should constantly have to get just to stay afloat. With that in mind, there are numerous ways to help improve your financial situation without getting too many title loans like:

  • Creating a budget to maximize savings
  • Limit eating out and start cooking at home
  • Cancel or pause unnecessary services
  • Try Handling Your Own Repairs

Create a Budget and Maximize Savings

Title loan companies are fantastic for last minute emergencies but are not the only way to have secure emergency funds. A great way to build up your savings so that if you do have to take out a loan, you need to borrow less, is by creating and following a budget. Nowadays there are dozens of apps and ways to keep track of your spending and plan for things in advance.

A budget will help you avoid running out of food or money by ensuring you know the ins and out of your finances. When you are dealing with strict margins even a forgotten $25 fee for something you forgot to pay can be damaging. If you have trouble following monthly payments like credit card debt and rent, then getting organized is the best first step towards saving money and financial stability. In addition to your savings, you can build an emergency fund specifically for if you ever need cash in a pinch. If this does not cover the entirety of the amount you need, then you can decide on taking out a vehicle title loan if you qualify. You can a max title loan of $15,000 today at Carolina Title Loans, Inc.

Limit Eating Out and Start Cooking to Save Cash

An easy way to cut down on spending and put funds towards your savings is to cook your food. if you eat out even three times a week then you are probably overspending in the dozens of dollars for your food. Even cheap options like fast-food are not that affordable. For example, a large burger meal may be $7 to $10. For that price, you could buy ground beef, burger buns, and frozen fries to make 5 burger meals at home.

Family cooking and saving money

You could potentially save hundreds a month by only cooking at home instead of spending money on ordering take out or eating at a restaurant. You can save even more by taking advantage of supermarket deals to stock up on foods that you typically buy and eat anyways. While you may not find your favorite brand, you may be able to find the next best thing for much less.

Cancel Unnecessary Services and Stop Bleeding Funds

With all the streaming services, monthly payment services, credit card bill and more than your average adult in Mississippi has the choice of, you can easily lose track of your subscriptions. Even if you think you have everything in mind, a small $9.99 subscription for something you barely lose can still slide by without notice. Or, in a worst-case scenario, that $9.99 can impact your financial plans for other bills. Rather than losing track and accidentally paying for something you do not need, get rid of monthly services and payments as soon as possible. If you subscribed to Netflix for a single show then maybe as soon as you subscribe, cancel your account. You can instead use your funds to grow your savings and improve you credit situation.

Try Your Hand at Repairs to Save a Couple Dollars

Small issues with your home or apartment can be expensive to correct if you rely solely on contractors. and do we need to save funds is to instead take care of small things around the home yourself. Easy to do things like re-caulking at your bathroom for replacing a broken lock only requires a little bit of effort and learning. There are plenty of guides online and the supplies you will need are inexpensive. By learning how to fix things yourself, you not only save money but can fix issues quicker than waiting for a repairman. However, title loan companies can help you get funds if your repairs are too much for you to handle.

Apply for a South Carolina Title Loan Today!

Man counting title loan cash he received.

If you need funds quickly before you can begin to grow your savings, you can get qualified at Carolina Title Loans, Inc. today. You can get between $601 and $15,000 with quick approval, even with bad credit. You can start your online title loan application anytime by going online or to your nearest title loan company in South Carolina.

Vector image of title loans blog writer Mason Roberts.