How To Get Help With Saving Money During The Holidays
We are in a time of year when most of us are wondering how we can start saving money during the holidays. After all, there are a ton of expenses that come with Christmas that can put a strain on your budget. The good news is there are a lot of ways to get help saving money this year or leverage the value of your assets to get a loan to tide you over for better stability next year. So, if you need help saving money, use this article to get started.
Use These Four Expert Tips To Save Money This Holiday Season
The best way to get help with building your savings is to take professional advice. It can be difficult for the average person to grasp everything to do with finances, which is why following the simple guidelines of expert financial advisors can give you a lot of good tips to keep in mind. The following are some tips you will find online that will help you when you are trying to save some money during the holidays.
1. Start A Budget
One of the most important tips any financial advisor can give you when you want to start saving money during the holidays is to start budgeting. When you do, you’ll find it much easier to manage your spending and put aside money each month. Recognizing where you tend to overspend, what you spend that you don’t need, and how you can better live within your means is a valuable asset on the road to financial responsibility.
The good thing about budgeting is that it doesn’t have to be difficult to start. Especially with all the technology we have available, you can easily find apps that allow you to keep track of all your spending. Some of these apps like Mint even allow you to place your expenses in personalized categories to get even more organized. And an app like Personal Capital allows you to not only budget but also track your spending and investments.
2. Automate Your Savings
Another expert tip that can help you save money this holiday is automating your savings. It’s all too easy to overspend and not have any savings left over, but if you automate the process so that a portion of your paycheck goes right into your savings account, you won’t be able to overspend. That way, you’re looking out for your future stability, building wealth, and dynamically altering your mindset to gear towards a financially responsible way of life.
Automating your savings doesn’t have to be difficult. Most banks allow you to set up a savings account that you can make automatic deposits every so often. You could either take money from a checking account and deposit it into your savings account automatically or make automatic deposits whenever you have some spare change. You can even automate a retirement account or your 401(k) from work.
3. Use The 50/30/20 Rule
Another way to start saving money during the holidays is to get a good budgeting strategy. One great financial ruleset that experts suggest is the 50/30/20 rule, which is a budgeting strategy to allocate 50% of your income to needs, 30% to wants, and 20% to savings. If you break up your earnings into these categories, it gives you the freedom to spend money responsibly while still planning ahead for your future.
The way to make this rule work is to make sure you stay disciplined. When it comes to the 50% for needs, you have to make sure these are expenses you absolutely need in order to survive. These are basic needs like utility bills, rent/mortgage, food, gas, and so on. The 30% for wants are things that’ll make you feel comfortable like cable and subscription services. And then the 20% needs to be the money you set aside for your savings.
4. Use A Registration Loan For Emergency Help
We all know that emergencies can hit us at any time. And when major things happen, getting a registration loan can help you handle these expenses. A registration loan is a short-term loan that helps you with emergencies that are stopping you from saving money during the holidays. In Arizona, Southwest Title Loans offers registration loans from $200 to $1,500. To apply, you’ll need the following:
- An Arizona driver’s license or government-issued photo ID.
- A motor vehicle registration in your name.
- An active checking account in your name.
- A valid social security number.
Once you have the required items, you can get started with the registration loan process. Just go to our website and fill out the online form to begin. A representative from the nearest Southwest Title Loans store location will give you a call to schedule an appointment for you to come in to find out if you qualify. If you are approved for the loan, you can get the money either on the same day or the next bank business day.
Get The Help You Need Saving Money
Saving money during the holidays is a challenging feat, but if you start building good financial habits throughout the year, you’ll find it easier during Christmas. Emergencies in life don’t play by the rules though, and if you’re staring down the barrel of a massive bill, then you might consider letting Southwest Title Loans help you out with a registration loan. If you don’t own your car outright, then it’s an option to consider. To get started, apply online with our request form 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.