Money Slipping Through Your Fingers? Here Are Tips To Track Where Your Money Goes
Money often feels like it’s slipping through your fingers, doesn’t it? One minute it’s there, the next it’s gone. Without a solid plan, it’s easy to lose track of your spending.
In this post, we’ll share practical strategies on how to budget effectively, track your money, build better habits, and prepare for financial emergencies with options like title loans.
Track Your Spending: Find Out 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 and learn how to budget effectively. This is the first, and most important, rule of our budgeting tips, and while we know no one likes to do it, it’s essential. Write down your weekly or biweekly income amount first. Next, write down your core expenses like rent, groceries, and utilities.
What you have left after expense tracking is what you need to make a budget for. The biggest reason you can’t track your money is that you don’t have a budget, so fix this first.
2. Set Up Auto Bill Pay/Create A Budget
You can set up auto bill pay online for your utilities and in some cases, even your rent! This is a great way to start tracking your money. If you set up the payments to coincide with the times that you get paid, then you can avoid overspending. Best of all, no worries about your bills because they are paid.
3. Create An Account Just For Bills To Help Manage Finances
To help manage finances, make sure that you don’t ‘cheat’, open a second account that is only for bills. Set up your work 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 your money to see where it goes. The last piece of the puzzle is what is 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. Log what you bought, what it cost, and the date you made the purchase. Don’t forget to track small purchases too, they add up!
You are going to do this for a month to see your spending habits and the monthly expenses you spend money on. 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 your money with a spending report 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.
If you prefer an app to track your spending digitally, you can use budgeting apps like Mint or YNAB to track expenses and spending efficiently.
What Can I Do If I Haven’t Saved Enough, And There Is An Emergency?
One of the biggest problems is when you are trying to save for an emergency, like medical bills, urgent house repairs, 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 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 form. 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!
So, why wait? Get the financial emergency help you need today with fast cash title loans!
Need Cash Now? Apply For Help With Wisconsin Title Loans!
With these budgeting tips, you've learned how to budget effectively, and you now have a plan to help with tracking expenses, but if an emergency arises in the meantime, you also have a backup plan with Wisconsin Auto Title Loans, Inc.
Yes, getting started on a budget is difficult, but the monthly tracking will help you be happier and less stressed, and best of all, grow your personal finances!
We wish you the best of luck with your budget! And if your emergency cannot wait any longer, and you need to manage finances now, get financial emergency help with us and apply for Wisconsin title loans 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.