Why Nobody Uses These Money Hacks – But They Should!
Money hacks are quite popular these days. Youtube compilations, lifestyle and finance blogs, Instagram communities – you can find plenty of spaces full of different money hacks.
There’s just one problem – most of these money hacks either don’t work, or their influence over your budget is minimal to nonexistent.
However, there are some money hacks the most successful members of the financial freedom community have been utilizing for years now. They work if you try to implement them with dedication, effort, and diligence. And if you manage to make these money hacks a part of your daily financial life, then you’ll find your situation gradually improving.
Use These Money Hacks to Improve Your Finances
Food is one of the biggest expenses in a modern household. Stock up your freezer and pantry on sales, try to bulk-buy the more expensive items, and plan your meals around them.
No takeout or eating out on the regular – cook your meals, plan them in advance, and cook in bulk. It can be time-consuming on the day you do the meal-prep, but you’ll have a full fridge for the next few days – and you’ll save a lot of money.
2. Using Cash
Using cash is a good visualizer of how you’re spending money – which gives some people incentive to spend less.
It won’t work for everyone (some people tend to think of cash as “money already spent” and have a harder time controlling it), but for those who are affected by seeing their cash dwindle – it’s a good method of spending control.
Utilize cash envelopes to divide your cash into different expense categories (bills, groceries, etc.) for maximum impact.
3. Automating Savings
Pay yourself first. Have a set percentage of your paycheck automatically transferred into a savings account the moment your paycheck hits.
You can treat this as if you’ve taken a pay cut – have the savings pile up for the emergency fund – and budget with what’s left.
4. Sticking to the Shopping List
Browsing – be it in the convenience store or on Amazon – is probably the biggest trigger for unplanned purchases, and thus unplanned unnecessary expenses.
Sit down and make a shopping list before going to the store (or opening Amazon website for that matter). Buy the things that you have on the list and skip everything else.
If you find something that you want while shopping – just put it on the future shopping list and try to work it into the budget.
5. Saying “No” to People
Friends can be your largest expense without them realizing it. If your friends are constantly meeting up, spending time together, and spending money – they are kind of pressuring you into spending as well. Nobody wants to be an outsider.
Learn how to say NO to friends and family when you don’t have money to participate in their activities. Try offering more budget-friendly alternatives if you do want to spend time together.
There are plenty of fun things you could do that are free. And if they don’t agree – well then, you just stick with NO.
How to Deal with an Emergency Expense if I Don’t Have an Emergency Fund?
So, you’ve been hit by an unexpected expense you can’t cover just with your paycheck – and you don’t have an emergency fund. What can you do?
First things first, you need to decide which is the most frugal way to deal with the problem and how to avoid hurting your budget as much as possible.
If the problem isn’t very pressing, and you can delay dealing with it – your first choice of action should be getting the cash together without adding to your debt. Ask for a salary advance, sell some things online, get a side-hustle – anything to avoid extra debt.
But if the problem at hand is time-sensitive, you risk having it escalate (and become more expensive to fix) if you delay. In that case, your priority should be getting the cash together in the fastest way possible – and there is no faster way than a short-term fast loan like an installment loan.
What Makes an Installment Loan a Good Option?
Installment loans are fast, accessible, and easy to apply for. You only need a valid state-issued ID proving you’re over 18, an active checking account in your name, and some kind of income.
The entire installment loan application process typically takes under an hour, and if you apply for Wisconsin installment loans through Wisconsin Auto Title Loans, Inc., you’ll be getting the cash the same day you’re approved.
Do My Credit and Income Source Matter?
Wisconsin Auto Title Loans, Inc. will do its best to accommodate your credit and income. Be sure to provide the loan representative full information about your situation and they’ll find an optimal solution for you.
How Do I Apply for an Installment Loan?
- Go to the Main Page of Wisconsin Auto Title Loans, Inc. and submit a filled-out online form;
- Answer when the representative calls you to set an appointment for you;
- Take the required items – your ID, your most recent pay stub, your checking account statement – for the representative to assess and determine if you qualify for the loan;
- Get approved, complete the quick paperwork, and get the cash!
Get Started Today!
Now that you know some of the money hacks that can help you improve your finances, follow them in your daily life and watch your situation gradually changing for the better. And if you need an emergency fund to cover immediate essential expenses, take advantage of installment loans for bad credit and low income that Wisconsin Auto Title Loans, Inc. has to offer. Get started with your installment loan today to get up to $1,500 cash in just 30 minutes!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.