The Biggest Budgeting Mistakes People Make

October 28, 2020 | Mason Roberts

 

Man in need of car title loan.

 

Creating a budget is a fantastic practice, one that everyone should do. However, it won't just automatically solve all your financial worries (unfortunately). Budgets are to be used as a tool to help you manage your money but people tend to make a lot of mistakes if they're not used to sticking to one. So, let's take a look at the biggest blunders so you can avoid them as much as possible. We’ll also show you how to use the title to your vehicle to secure up to $15,000 in emergency money for a car title loan.

The Biggest Budget Blunders

1. Quickly Giving Up

It's unlikely that you will reap immediate rewards from sticking to your budget. Unfortunately, you need to work hard over a substantial period of time for you to see the effects that your poor spending habits had on your income. Think of it as a fitness plan. You've got this massive goal but, you have to take baby steps to get there.

2. Never Revising Your Budget

Yes, consistency is key. However, there is a limit here.

Spending changes month to month; that's just how the cookie crumbles. So, you need to change your budget regularly to reflect this. It's a good idea to plan your budget at the beginning of every month. Ensure you take into account all the expenses you're expecting while leaving wriggle room for those you aren't expecting.

3. Never Writing It Down

Writing your goals down (whatever they are) helps to manifest them. People have been looking into this phenomenon for ages and it has been proven! You need to write your financial goals down. This way, you'll be able to have something concrete to work from. Oh, it doesn't just need to be a plain bit of paper. You can make it super fun by downloading an app to help you or making a fancy spreadsheet in Excel.

4. Not Having An Emergency Fund

Have you ever needed money unexpectedly? We bet you have. Don't worry, it's not a problem. Everyone has found themselves in this situation before. That's why it's so important that you have (or start to build) an emergency fund.

5. Not Giving Yourself Wiggle Room

Try not to expect yourself to stick to your budget perfectly each month. Instead, set aside a specific dollar amount to allow wiggle room. This way, if you do find yourself slipping, you won't completely derail your plan.

Made Too Many Budget Mistakes? Don't Worry! Title Loans Can Help

Even if you make all of these budget changes today, it’ll take time for these changes to really start to affect the amount of money you’ll see in your bank account. If you find that you’re facing an emergency that requires immediate financial attention and your budget is still too tight, you can use the title of your vehicle in order to leverage a title loan in Idaho. A title loan is a short-term loan option that allows you to use the title to your vehicle in order to secure up to $15,000. Title loans online are easy to obtain, easy to apply for, and can be secure at the drop of a hat. Let’s take a look at some of the advantages.

Advantages to Title Loans

  • You’re allowed to keep your vehicle. It’s a common myth that you have to surrender your car while having a title loan but this couldn’t be further from the truth. You get to keep and operate your car as you normally would.
  • You see your cash on the same day. Applying takes as little as 30 minutes and the money is often deposited into your bank account in a few hours.
  • They’re easy to apply for. You can start your application online from the comfort of your own home. Then you’ll be able to schedule a face-to-face meeting at the location of your choice. That’s right, we come to you.
  • No credit checks. Banks will always look into your credit history before allowing you to take out a loan. However, title loans are different. They won't take a dive into your financial past, so it doesn't matter whether you have an awful or a perfect score.

 

 Couple working on budget with title loan.

 

How to Apply for Title Loans

Title loans Wisconsin are easy to find and easy to apply for. Here’s how you can do that.

  • You can start your application either by filling out a short form on the Wisconsin Auto Title Loan, Inc. homepage, or by calling us directly. We’re here to help!
  • Once you connect with a representative, we’ll schedule a face-to-face meeting at the location and time of your choosing.
  • You’ll be asked to provide a few things for your meeting, which includes:
    • Your driver’s license
    • The title to your vehicle
    • Your car for inspection
    • A blank check to your bank account
  • The inspection of your vehicle will determine how much money you’ll receive on your loan, with a maximum of $15,000!
  • After the documents are processed, the money will be deposited into your bank account on the same day.

It’s that easy and straightforward. We understand that needing emergency financial assistance means that you often don’t have time to waste, which is why we’ve created a process that allows you to obtain money at the drop of a hat. Don’t bother searching for title loans near me. Click over to our homepage and start your application today.