How to Plan Your Budget for the Holidays
The holiday season is supposed to be the most jovial time of the year. But for many, it’s associated with stress, first and foremost.
Because with holidays comes all the essential spending – family gatherings, parties, gift-giving – that often drains the wallet. It often eats through our savings and leaves us wishing we’d just stayed in and never gone anywhere.
6 Simple Tips For A Successful Holiday Budget
One way to avoid this? Budgeting. Contrary to what some may say, budgeting does work. You just have to circumvent several pitfalls for your budget to be successful.
1. Keep It Realistic
This is the most important step – and the one people continuously fail at. Look, I get it, you’re budgeting to save some money. But if you’ll budget $100 for all of the holiday season, there’s simply no way you’ll be able to stick to it.
2. Don’t Go Overboard
The goal of the budget is to allow you to spend the money you can afford to spend. Don’t budget $1000 unless you actually have $1000.
3. Make A List Of Gifts You Want To Buy
Plan what you’re going to gift your loved ones according to your financial capabilities and stick to the list. No, your sister doesn’t need an extra eyeshadow palette, she’ll be perfectly happy with the one you’re planning to gift her.
4. Don’t Fall For Sales
Nothing we love more than a good 50 percent off sale and sellers know that. Unless it’s a good alternative to one of the items on your list or can be incorporated in the budget – don’t fall for sales. Most of the time, it’s usually stuff you don’t need, anyway.
5. Leave Some Wiggle Room
The holiday season can be full of surprises. Your family might want to go out for brunch one last time before they have to say goodbye for the next six months. Your friends might spontaneously decide to party before going back to work. Or you might just want to invite yourself out. Leave some wiggle room in the budget for unplanned expenses. Actually, you should always leave room for unplanned expenses in the budget – no matter what you’re budgeting for. You can allow yourself more wiggle room if you have more money in your budget. Learn more ways to make extra money during the holidays.
For more holiday financial tips and tricks, be sure to read our other holiday blogs:
The Ultimate Guide for Holiday Shopping on a Budget
10 Ways To Make Extra Money During the Holidays
The 20 Best Affordable Gift Ideas
6. When An Emergency Affects Your Holidays, Turn To Title Loans
Even if you have your holiday budget set up and ready to go, emergencies still happen. Anything from medical emergencies, sudden home repairs, or even unemployment can happen at any time. When you are experiencing one of those, think about getting cash for your car title – called a title loan. It is important to know about this loan – if only to keep the information in your back pocket.
What Is A Title Loan?
A title loan is a secured, short-term loan that uses your vehicle’s title as collateral. No matter what kind of vehicle you own, as long as the title is in your name and free of prior loans, you can use it as collateral. So if you own a truck, SUV, car, or even a motorcycle, you can use that title. And the best part? Checking to see if you and your vehicle qualify is absolutely free here at Carolina Title Loans, Inc. when you need a title loan.
How Do I Find Title Loans In South Carolina?
Wondering where you could get a title cash? Well, all around South Carolina, of course! But if coming to the store isn’t doable, we can come to you! You can choose any location – even your own home – and we will come meet you. Just let us know where you’d like us to go when you speak to us over the phone. The rest of the process is the same, so you will still have paperwork to fill out and mandatory items to bring with you.
Now that you know what it is, you have to know about our quick and easy process. We make sure it is fast but thorough, so you fully understand what you are getting into.
How Do I Get A Title Loan?
As I said, our process is easy and convenient. It starts with you filling out our online form. Once the form is submitted, you should wait by your phone. As soon as we have your form, a loan associate from your nearest location will give you a call. During this call, you will learn what you have to do next and what mandatory items you have to bring in. This is also when you can give us a location to meet you.
Whether we meet you or you come to us, the rest of the process is the same. You will meet with a loan representative who will go over the loan application, your mandatory items, and perform a vehicle inspection. The mandatory items are very easy – chances are you already travel with them. All you need is your driver’s license or ID, your vehicle’s title, and the vehicle.
The vehicle is for a quick vehicle inspection that’ll determine how much you qualify for. You will also sign the loan agreement if you agree with the terms. Then, if you are approved, you will either have the cash right there or in your account the next bank business day.
Advantages Of Title Loans
Now that you know what a title loan is and how to get one, I have to tell you about the advantages you get.
- Unlike bank loans, a poor credit score will not get in the way. It is not a factor in whether we can approve you or not;
- You keep your vehicle while repaying the loan. Just make sure to stick to the repayment schedule;
- You will find out if you’ve been approved within minutes of applying;
- You can have your cash either that same day or the very next bank business day.
Plan Your Holiday Budget Correctly With These Tips
Having a budget means your holidays don’t have to be so stressful. With these tips, you can come up with a budget you’ll be able to stick to. It’ll take some work and restraint – I mean we all know how hard turning down a sale is, but it is doable.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.