Set Up A Better Financial Plan With These 6 Steps

March 23, 2021 | June Mckaig

better financial plan

 

Setting up a financial plan can be frustrating at times. Let’s say that you have sat down and mapped out your finances, set up a budget, but how can you stick to it? Are there other ways to help to ensure that you are building a good financial future?

You can set up a better financial plan with six simple steps. These tips – like using title loans for emergencies – can help get you on the path to developing better money habits.

Here are some subtle, yet powerful, tactics you can try if you want to come up with a better financial plan. They may seem simple but you might be surprised at just how effective they can be!

1. Eat Before You Shop

One big reason that many people go over budget is that they make the mistake of going to the grocery store on an empty stomach. Stop doing this. It’s a recipe for disaster and there is an easy fix. Always have a snack or better yet, a full meal before you head out to the grocery store. You’ll save a bundle.

2. Cook Your Lunches On Sunday

Cooking at home saves you a lot of money but no one wants to do it every day. One way to get the value of this tactic without having to work at it every day is to simply cook everything in advance on Sunday and freeze it in some Tupperware. Pick some sides that you like and some main items and put them in individual-sized serving Tupperware containers.

This lets you pick the meal that you would like in the morning during your week and you can simply microwave it at work. The savings really add up with one, so give it a try. This could be the habit that proves to be a game-changer.

3. Your Significant Other Can Help

Make an agreement with your significant other that, whenever one of you wants to make an impulse purchase, you will hold off a day and discuss it with each other. The item that you want will still be there tomorrow and it gives you a chance to see if you are really making a sensible decision.

4. Direct Deposit To Savings

Fill out a second direct deposit form and fill it with your work, so that you are automatically depositing ANY small amount of money to your Savings. Start small so that you don’t get discouraged and before you know it, you’ll forget about it. Those savings can really add up over time.

5. Wait 14 Days Before Buying Something

A good trick to create a better financial plan is to get yourself a notebook and when you see something that you want to buy, instead of buying it you write down what it is, how much it costs, and the date. After this, you are allowed to buy the item but only if you still want it 14 days later.

Many impulse buys no longer seem so sensible or essential with a little waiting. Why not see if it is really important to you, after all? You might be surprised.

6. Find Cheaper Ways To Spoil Yourself

When it’s time to get out of the house it doesn’t always have to be expensive. Get creative. A picnic can be a pleasure. Camping trips are a fun way to be alone in nature. How long has been since you have been to the zoo? Having fun doesn’t have to be expensive, so try thinking outside of the box. You might find it’s even better than what you’d originally had planned.

 

Related content: The 5 Best Budgeting Tips You've Never Heard Of

 

vehicle title loan financial plan

 

When Emergencies Ruin Your Better Financial Plan, Title Loans Can Help You

We realize that even the best financial plans call fall short. Emergencies happen and they don’t follow a predictable schedule. When you find that you need an emergency car or house repair, or, heavens forbid, emergency medical costs, then a title loan in South Carolina might be exactly the right solution for you.

How Does The Title Loan Process Go?

Bad credit or no credit, at Carolina Title Loans Inc. we will consider every application and do our best to help. You don’t even have to leave the house as we can come to you. Title loans are available for $601 to $15,000 and it is easy to get started. All you will have to do is fill out an application online and wait for us to give you a call. What you will need to get started is the following:

  • Driver’s license or state-issued identification;
  • Lien-free title to your vehicle;
  • Your vehicle ready for inspection

Once you have these items ready and we are done with our phone call, you can come to one of our many title loan locations in South Carolina. You also have the option of giving our representative a location where they can come to you to inspect your vehicle. The loan representative will also examine your other items to determine if you qualify for approval. If you do, you’ll sign the title loans agreement.

The whole process can be done in as quickly as 30 minutes in many cases and if approved you can get your cash the same or the next business day. It really is that easy with Carolina Title Loans.

You’ve got the tips now it’s time to see what you will do with them. Be sure to practice the tips that we have provided and before you know it, your savings will be sure to grow. Don’t worry if an emergency comes up, however, because Carolina Title Loans Inc. is always there to help!