While it is incredibly difficult not to live paycheck to paycheck today, sometimes it can’t be avoided. Everyone has financial obligations, responsibilities, and priorities to worry about, so pay day often comes and goes pretty quickly, leaving us with practically nothing or very little after all the bills are paid.
Does this sound like you? If so, then you are likely living paycheck to paycheck and struggling with cash flow and savings. If you are tired of living paycheck to paycheck, then it may be time for a change and to get debt management under control.
Here are a few tried and true ways to get ahead of bills, establish a savings, and take control of your debt…and fast.
Set a budget. We’ve talked a lot about how important it is to set a budget, and stick to it. But in the real world, we all know how difficult this can be…especially if you live paycheck to paycheck. Cut out as many miscellaneous and frivolous expenses that aren’t high priority as much and as often as possible. You’d be surprised to see how cutting out smaller expenses here and there can make a big difference.
Reduce your auto insurance. Regardless of the type of vehicle you drive, it is possible you are paying too much. Get in touch with your auto insurance company and speak to an agent about your monthly or yearly premium. In fact, most Americans are paying way more for auto insurance than what they should be. Don’t let this be you, and don’t let the insurance companies fool you.
Find out what your options are to reduce your auto insurance. For example, some insurance companies offer lower rates to safe drivers (meaning those without speeding or parking tickets, accidents or other infractions, and so on) as well as for those drivers who put less than a certain number of miles on their vehicle each year.
Make an extra payment. For those who struggle with cash flow, then this tactic might be a bit tricky. But if you can make one extra payment a year on a credit card, car loan, or other installment loan, you’d be surprised how quickly debt will start to diminish over time. No, this isn’t an immediate debt relief strategy, but one that is still very effective.
Consider title loans. Title loans are an emergency debt relief option that has helped thousands get out of debt for good. Car title loansuse the title of a vehicle as collateral for a loan amount in a lump sum. Most title loans range from $1,000 to $5,000, depending on how much cash is needed and the value of the vehicle.
One of the most attractive benefits to title loans is that they don’t require a perfect credit history nor any other asset or collateral. They are a great debt management and relief option for those individuals who struggle with paying their bills and debt and need immediate cash. Some title loan applications are approved in as little as fifteen minutes!
Contact Affordable Title Loans today to learn more about how title loans can help you get out of debt. Feel free to call us at one of our locations throughout Utah, Idaho, and Nevada. We’re always available to help!