How To Start A New Budget For The New Year
Vowing to be better with money is one of the most popular resolutions people make going into the New Year. This is often spurred on by the expense of the holiday season. From dining expenses to travel plans, most people have light wallets as the year closes.
If you have no clue how to budget, keep on reading for starting a budget for the upcoming year and sticking with it.
1. Track Your Money In Excruciating Detail
You can’t make a budget to start with the new year if you do not know your financial pluses and minuses. Not only that, but you need to get a sense of exactly where you are spending that you need to cut down on.
2. Analyze Your Finances And Make Any Needed Changes
Go back over your tracking and analyze your finances. Is there a spot where you are spending excessive money on frivolous things? Is your grocery bill high week after week? A lot of eating out?
Figure out where you can save money and stick to it. Make a weekly meal plan and grocery list and stick to it. Try couponing, buying the sales, and stocking up on certain products.
3. Be Realistic – And Think A Bit Like Scrooge
Don’t go completely bah humbug and start pinching all of your pennies. However, once you have tracked and analyzed your expenses and determined your trouble areas, thinking like a miser won’t be all bad.
Be realistic with your goals, however. If you try to go to the other extreme in those areas, you will make yourself miserable and set yourself up for failure. Cut back a reasonable amount and make allowances for a few frivolous spends.
4. Think Ahead – Start A Fund For Emergencies
Life happens. There is simply no way you can budget for everything. Start a fund for emergencies like significant house repairs or expensive automobile issues. Ensure you are putting away a bit of money automatically from your paycheck or some other automatic savings.
5. Keep Tracking And Adjusting As Needed
As you begin the new year and your new budget, you need to continue tracking your finances. This is the only way you will tell if you are adhering to the budget and if it is working how you want it to. Make any changes that appear to be needed as you go.
6. Get A Nevada Title Loan To Help With Emergencies
If you are already in trouble and can’t even begin to finish out this year’s expenses, let alone start your budget for the new year, you may want to look into a title loan. This is a way to use your lien-free vehicle title to secure a loan to help you deal with any sudden emergencies that are affecting your chances of starting the new year off on the right foot.
Related content: New You, Near Year: Fitness Resolutions To Get In Shape
What Is A Title Loan?Title loans are secured by putting up the title of your vehicle to secure the loan you receive. To do so, you have to have a lien-free title, meaning you own your car free and clear, with no one able to claim any hold over it at all.
A title loan is not something to be considered for holiday shopping or other similar expenses. Title loans are best obtained for financial emergencies or unexpected substantial expenditures like a significant home or auto repairs, emergency medical costs, or other immediate and unexpected expenses.
At Nevada Title and Payday Loans, you are welcome to apply no matter your credit status – from bad to nonexistent. Nevada Title and Payday loans offer title loans up to a maximum amount you can get with a title loan of $15,000, depending on your information and the quality of the vehicle whose title you are putting up for collateral.
How Do I Get A Title Loan?
Applying for a title loan is as easy as going to our website and following the steps for our quick and straightforward application process. Once you submit your online form, you will be contacted by one of the representatives working out of the nearest location to you, as Nevada Title and Payday Loans has offices all across Nevada.
The representative will have you come in, and they will sit down with you. Bring your state-issued photo ID, your lien-free title, and the vehicle that matches the title you are putting up for collateral so there can be a necessary inspection done. Once the representative has everything they need, the decision will be made if you qualify or not.
If you get approved for the loan, you can have the amount you are granted as quickly as that same day.
If you consider applying for online loans, do not just go online and search for title loans near me. It would be best to go with a trusted and licensed online financial services company like Nevada Title and Payday Loans.
Remember, we here at Nevada Title and Payday Loans Inc. offer other types of loans, including online payday loans if you do not own a vehicle.
Start the new year off on the right foot with a budget you can actually stick with. These tips can help you set up a budget that works.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.