The Best Reasons To Start Saving More Money
January 8, 2021 | June Mckaig
Many of us have a negative connotation or feeling about saving money. We associate it with deprivation: “I want to buy something, but I have to save.”
The #YOLO mentality (You Only Live Once) can also affect our attitude toward saving. Why worry about the future? Just live for each moment, and enjoy what you have—which, unfortunately, can mean spending every dollar in your pocket in pursuit of those pleasures.
Ways Everyone Should Save More Money
Saving isn’t deprivation. Instead of thinking of the money you can’t use, think of it as money you’re setting aside for something that matters to you.
Financial experts say money isn’t just dollars and sense. It’s about value: you are exchanging your money for things you think are “worthwhile.” When we set a budget, we are making sure that our hard-earned cash goes to priorities.
That can include basic needs that food, shelter, and clothing. It can also go to things you’re personally passionate about. For example, a person who enjoys food would spend money on a good meal, while others would be perfectly happy with a cup of instant ramen.
When you save, you are also setting aside money for a long-term value or goal. You aren’t depriving yourself, you’re actually saying “this goal is important enough for me to invest my time, money, and patience in.”
Set Your Own Personal Savings Goals
Financial experts say that if the idea of saving makes you feel anxious, angry, frustrated, or deprived, you should think about what you’re saving for. This will make saving more money a positive experience rather than something you have to do.
- Set a concrete goal. The clearer the goal, the more excited you’ll be about it. For example, it can be “Visit Paris by the time I’m 30 years old.”
- Create a safety net. Ideally, you should have emergency savings to cover 3 to 6 months of living expenses. If you have kids, you should have enough for a year. Think of this safety net as giving yourself peace of mind.
- Reward yourself for saving. Set small milestones and treat yourself when you hit them. For example, if you have a target of $3,000, then think of a reward for reaching $500, $1,000, etc.
Find A Saving System That Works For You
Make it easy for you to save money. Do you prefer the traditional piggy bank, or do you want the amount to be automatically transferred to another account? Do you want to use an app or do you like writing things down in a notebook?
Find a system that is simple and will eventually make it habitual for you to track your expenses and save money every month. Think of it as creating the foundation for prosperity, financial security, and having the means to enjoy the life you’ve always wanted.
Prepare For Anything — Even Emergencies
Saving helps you have more control over your money and your life. But it does take time, and what are you going to do if you have a crisis or emergency and your savings can’t cover everything? How will you be able to raise money quickly?
That’s where title loans from South Carolina can help.
What Are Title Loans?
Title loans are short-term loans that you receive when you use your vehicle’s title as collateral. The vehicle has to be in your name and have a lien-free title – or with no outstanding loans or other judgments.
In Carolina, you can borrow from $601 to $15,000 depending on the appraised value of your vehicle.
What Are The Benefits Of Title Loans?
Our title loans are great to help with emergencies, but they also have plenty of other benefits. Some of them are:
- Anyone can apply. Most personal loans and credit card applications require a good credit score. However, you can get a title loan even if you have a bad credit history or no credit history.
- Anyone who’s applied for a loan knows the frustration of waiting in line at the bank, gathering several documents, follow-up meetings, and long processing time. However, car title loans only require a driver’s license or state-issued ID, the vehicle title, and a vehicle inspection.
- You get the money quickly once you are approved. We have a streamlined process to make things as convenient as possible. This means your loan application and approval can take less than 30 minutes!
- You can still use your car. As long as you follow the payment schedule, you’ll be able to continue using your vehicle during the duration of the loan. You can also use whatever vehicle you happen to own – not just a car!
How Do I Find Title Loans Near Me?
Carolina Title Loans is one of the easiest and most convenient ways to apply for an online title loan. Just follow this step-by-step guide to learn how we do things:
- Go to the top of our homepage and fill up the online form;
- One of our loan representatives will contact you. They will explain the process and requirements. This is a good time to ask any questions you may have about title loans;
- This is also the time where you can give the loan rep a location and we will come to you. There is no need to come to the store if you do not want to. Just be sure to have your driver’s license or government-issued ID, the title, and the vehicle no matter what option you choose;
- Whether you come to us or we go to you, the loan rep will still inspect the vehicle. The vehicle inspection takes just a few minutes. Based on the make and model, and its current condition, the loan representative will assess the maximum loan amount you can make;
- Upon approval of the loan, you will receive the money on either the same day or the very next bank business day.
If you have any questions during any part of the process, you can either go to our live chat on our website or come to any of our title cash near you for in-person help.
Saving more money doesn’t have to be a negative experience. With just a few changes in how you view saving, it can instantly become positive in your life.