What Is The Round-Up Savings Challenge?

Saving money is more challenging for some people, but there are easy ways to do it without lowering your quality of life, like the round-up savings challenge. The secret is to feel like you are doing nothing dramatic.

In this article, we will teach you how these challenges work and what to do in the meantime, if you experience a financial emergency.

Saving Money With The Round-Up Savings Challenge

A round-up savings challenge can be set up in a couple of ways. You can do it manually with online banking or set aside a jar at home. Another way is with an app. Here's a look at each.

1. Utilize Online Banking To Save Money

Many banks have round-up programs, where the bank rounds up debit card purchases to the next dollar and stash the change into your savings account. If you don't take it out, some banks will match the shift at specific periods, such as year-end.

Since many people use debit cards daily, this type of savings plan is easy to implement. It's easy to figure out the whole amount when looking at your checking account, and since you don't see the change, you don't miss it.

2. Utilize A Jar Or Canister For Saving Money

Those who don't have checking accounts or pay cash for most items can do the same independently. The idea is to empty the change, or even $1 bills, out of your pockets daily into a jar or canister. It fills up quickly, and you can save solid money that way.

Like the online method, you won't miss the change. This method can also be motivating because you see your money grow. Don't tap into it, though! Set a date and purpose for using it. One family used their jar of change to go on a cruise!

3. Apps Can Help You Save Money

Everyone today loves apps. Some apps will do the round-up for you and put the money in a separate account from your checking account. Some allow you to invest it, while others offer interest on savings.

Here are a few good options for apps that can help with saving money:

• Goodbudget
• Mint
• YNAB (You Need A Budget) 
• Rocket Money They are worth looking into. You could grow your money!

Do You Need Fast Cash To Tackle A Financial Emergency? 

It's great to talk about savings, but people may need money now in these tough economic times. Unexpected costs could come in an emergency dental appointment, or your child gets hurt playing sports. You may have a high co-payment for prescription drugs or a roof leak.

Those with less-than-great credit have limited options. Fortunately, Wisconsin Auto Title Loans, Inc. has your back because they welcome all credit types. Some of our offerings are title loans and signature installment loans.

What's Required To Get An Emergency Loan In Wisconsin?

Paperwork can be done in as little as 30 minutes with a decision. Those approved will get their money either the same day or the next business day. That can help tremendously in a financial emergency where you need cash. For either short-term financing option, you.

You will need a driver's license or state-issued identification. Those seeking a title loan will also need a clean title and the vehicle ready for inspection.

Those seeking a signature installment loan will need their most recent pay stub and a checking account statement showing the account is open and in their name.

Which Loan Should You Get For An Emergency?

The type of loan you should apply for depends on several factors. One of those is how much money you need. A title loan with Wisconsin Auto Title Loans, Inc. has a maximum limit of $15,000, but the amount you qualify for depends on the vehicle's value and ability to repay.

A signature installment loan ranges between $100 and $1,500. The amount you get depends on your earnings.

The other difference between the two short-term financing options is that your title is used to guarantee the title loan while you keep your car during repayment. You guarantee the signature installment loan with just your signature without requiring collateral like a lien-free title. 

How Can You Begin The Emergency Loan Process Today?

Finding out about both types of financing is as easy as filling out a form on the website. The form will be sent to Wisconsin Auto Title Loans, Inc., and a store representative will contact you. The representative will explain each option and help you schedule an appointment.

Bring all of your required documents to the meeting and finalize the paperwork. You will get a decision before you leave. Money will be available quickly that day or the next business day.

Consider An Emergency Loan In Wisconsin

Filling out the online form doesn't obligate you to take out a loan with Wisconsin Auto Title Loans, Inc., but it will get you to someone who can give you detailed information. It could help relieve an expense that worries you while you work on saving money with a round-up savings challenge.

You may think you have no options because a bank turned you down. That's not true. We are here to help. Fill out the online inquiry form to see what you could qualify for!

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.