Avoid These Top 5 Budget Breakers
October 22, 2020 | June Mckaig
Living on a budget isn’t easy, but it can be fun. Of course, it is difficult to not buy certain things, especially when these are on sale and you think that they can make your life much better.
What is even more difficult is to be on a strict budget and to have to account for every penny that you spend. But good things come to those who wait. And sometimes not spending money means that you can gain much more in the future.
These Budget Breakers Are Some We Should All Learn To Avoid
Budget wise, there are a few mistakes that we all make, and sometimes we aren’t even aware of them. This happens to everyone, but the right approach is to anticipate the mistakes that you are going to make and to stop them. So, here are a few common issues that drastically affect our income and how to avoid them.
Always Using Your Credit Card
Isn’t it nice when you go shopping for a few basic items and you suddenly see something that seems a great deal?
No, it isn’t nice, it’s a marketing strategy. People learn in marketing classes about the importance of arranging products on shelves, and they do it because they want you to spend money on it.
If you have a credit card with you, chances are that you will use it. And the chances are you’ll forget how much you’ve spent in a day. If you use cash then you will have a better knowledge of how much you’ve spent. You’ll also force yourself to only spend what you have.
Not Having A Spending Limit
If you have permanent access to your money, or to a credit card, you will be tempted to spend it. So, only take the amount of cash that you need for that day. Or have separate accounts for your spending.
You must always know why you are in that store, what you need, and how much it’s going to cost you. You can allow a bit of wiggle room if you can afford it. So you can decide that you want to indulge in something and you don’t yet know what. You should set the exact limit for that.
Related content: Managing Your Time Will Save You Money: Here's How To Master It
Shopping When You Are Hungry Or Depressed
It is a proven fact that shopping makes us feel good. It releases endorphins and dopamine. Hunger makes us want to buy more than we need and more than we will actually use. Therefore we will spend more money than we anticipated.
Being tired, angry, or depressed will make us want to feel better and there is a false illusion that we can feel better by shopping. Of course, that is all that it is.
Not Having A Financial Plan
Planning is not just for trips and business. When you have a plan for your finances, you will be the one in control. You will decide what to do with your money, not people who know how marketing works.
Always tell your money what to do and where to go. Otherwise, someone else will take advantage of you and of your weaknesses.
Not Having A Rainy Day Account
Life will always give you challenges. And sometimes these challenges come in the form of something major breaking down or of job loss.
Having a rainy day account will help you avoid a budget breaker when your car has troubles or when you find yourself unemployed.
While these acts can be avoided, some budget breakers just can’t be. I am talking about the emergencies that pop up out of nowhere. I bet many people who are reading this might find themselves in financial difficulty at some point. If you are struggling financially, and need money fast, you can find help with payday loans.
What Are Payday Loans?
If you’ve never dealt with payday loans before, they are unsecured loans that you get when you are in between paychecks but really need quick cash. They are unsecured because they do not require any collateral – unlike secured loans like title loans. We differ from more traditional bank loans in many ways that can be seen as advantages.
What Are Some Advantages Of Payday Loans?
The first advantage, like I already mentioned, is you don’t have to put up any collateral. This loan is for you if you need quick cash but don’t own a vehicle. Since you cannot get a title loan without a vehicle’s title, a payday loan could be your best bet. Another advantage is we won’t turn you away just because you have a poor credit score. We don’t base our approval on your credit history. So whether you have great credit or not, we will still work with you.
A third advantage is how quick our process is. Our payday loans online process is designed to be quick so we can get you the cash you need quickly – if you are approved. And we have so many knowledgeable and friendly loan associates ready to help.
How Do I Get A Payday Loan?
Like I said, getting through our process is simple in Nevada Title And Payday Loans. It all starts by you filling out our quick online form right on our homepage. Once you submit, a loan representative from our las vegas loan centers – or anywhere in Nevada – will call you. This call is to confirm your information and to walk you through the rest of the process. We will answer any of your questions and tell you what to bring in to us.
For our fast payday loans, you will need: your most recent pay stub, your driver’s license or state-issued ID, and a blank check from an active checking account in your name.
When you arrive at the location nearest you, we will sit down with you and examine your items. We will then determine how much you’ll qualify for. If we are able to approve you, we will then help you complete the paperwork. In about 30 minutes we could hand you the cash you qualify for – anything up to $500.