Money Slipping Through Your Fingers? Tips to Track here Your Money Goes
Money comes and money goes, but it moves fast! It’s so easy to lose track of it without a little planning. Today we are going to talk about what you can do to help slow things down so that you can get a little better perspective on where the cash is going.
How to Track Where Your Money Goes
1. You Need to Make a Budget. Period.
If you don’t make a budget, there is no way that you can track where your money goes. This is the first rule and while we know that no one likes to do it, you need to sit down and make a budget. Write down your weekly or biweekly income amount first. Next, write down your core expenses like rent, groceries, and utilities.
What you have left is what you need to make a budget for. The biggest reason you can’t track where your money goes is because you haven’t got a budget, so fix this first.
2. Setup Auto Bill Pay
You can setup auto bill pay online for your utilities and in some cases, even your rent! This is a great way to make sure that you can track where your money goes, because if you set up the payments to coincide with the times that you get paid, then you can’t overspend. Best of all, no worries about your bills because they are paid.
3. Create an Account Just for BillsTo help make sure that you still don’t ‘cheat’, open a second account that is only for bills. Setup your work direct deposit to put your expense budget amount into this account and the remainder into your ‘personal’ account. This adds yet another layer so that you can track where your money goes. The last piece of the puzzle is what is really going to drive the ‘budget mentality’ home and get you mentally where you need to be.
4. Everything Else Goes in a Notebook
Get a small, cheap notebook and every time you make a purchase from your personal account, write it down. Write what you bought, what it cost, and put down the date. You are going to do this for a month to track where your money goes. Oftentimes we make impulse purchases because we don’t have a budget ready and because of this, we come to find out that our bank accounts are either full or empty.
It’s a dangerous attitude but it’s easy when you can just put a card in a machine and get money whenever you want it. Resist the temptation. Track where your money goes for a month – and you’ll start to see the patterns. Once you do, you know where you can cut corners so that your savings can finally start to grow.
What Can I Do If I Haven’t Saved Enough, and There Is an Emergency?
One of the biggest problems when you are trying to save is a serious emergency, funeral, or urgent house or car repairs. If something like that happens to you, Wisconsin Auto Title Loans is here to help.
Bad credit or no credit, we work with all types of credit to try and get you the emergency cash that you need. You don’t even need a cosigner because what we offer is a title loan.
What Is a Title Loan?
If you own your vehicle and have a lien-free title to it, then this can act as a guarantor so that you don’t need a cosigner to get the help that you need. Title loans in Wisconsin can be made for up to $15,000, and that can help to avert an emergency if your new savings habits haven’t created a big enough safety-net yet. So, how does it work?
First, you need to visit our Home Page and fill out a short inquiry from. You’ll want to have a few things on hand:
- Your Driver’s license or State-issued identification
- Your lien-free vehicle title
- Your vehicle ready for inspection
After you have filled out the form, one of our representatives will quickly give you a call, so be ready to answer the phone when it rings. You’ll have a brief discussion on your request, ask and answer some questions, and be requested to bring the items mentioned above to your nearest Wisconsin Auto Title Loans location.
After a brief inspection of your vehicle, the representative should be able to let you know if you have been approved, and what amount you’ve been approved to borrow. It’s that easy. The process takes about half an hour, and if approved, you can get your cash the same day!
What Are You Waiting for? Time to Track Where Your Money Goes and Apply for a Title Loan!
Now you’ve got a plan and if an emergency should arise, you’ve also got a backup plan with Wisconsin Auto Title Loans. Yes, getting started on a budget is difficult, but in the long run, you are going to be happier, less-stressed, and best of all, - you’ll be growing your own pile of cash! We wish you the best of luck with your budget! And if your emergency cannot wait any longer, apply for your Wisconsin title loan today!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.