Why It's Time to Get Better Money Habits Now

Many people would like to learn how to develop better money habits but few are ready to put in the work. That’s because when they seek out money habits to avoid, it turns out it’s not an overnight fix to all the financial problems they’re facing – it takes time and diligence for the change to take place. 

While better habits will help in the long run, for immediate financial assistance in the short term you may need to consider other personal loan options, such as an Idaho title loan. In this article, we will explain how a title loan can help.

Why You Need Better Money Habits

To Avoid Financial Stress

The most popular money habits to adopt – saving, budgeting, mindful spending – help you think about money issues less, not more.

They not only allow you better control of your finances but also the knowledge that should something drastic happen – you’ll be able to handle it.

Which, in turn, means you will stress about money less.

To Avoid Going Into A Money Hole

People who don't save and budget have better chances of accruing more financial obligations due to being unable to handle problems otherwise.

Having a well-funded emergency fund and sinking fund means you have the security blanket you need against the worst that could happen. It’s much easier to deal with a job loss when you’ve got an investment of 6 months’  worth of expenses invested in a high-yield savings account ready to go. So, if you are wondering how to develop better money habits and build savings, this is the way to go!

To Build A Better Financial Future

Better money habits are goals you stick to over a long period. That’s why they’re habits. When you continuously budget, save, and are mindful of your spending you have better chances of avoiding lifestyle creep – instead of spending their increasing income (and those who learn to be good with money do have more chances of increasing their income) on long-term investments and building wealth both for their retirement and their children’s brighter future. This is a great way to gain financial freedom and money habits of the rich.

To Allow For More Spending And Fun 

Here’s where many mistake the making of good money habits for a constant state of denial. People who are good with money know that they can spend the money they have for fun, as long as they’re mindful of their money strategies and long term goals.

This is where budgeting and sinking funds come in handy – you can afford much more when you plan and budget for it, instead of trying to stretch your paycheck thin to make something happen last minute.

When you pay attention to your bank accounts and cultivate better money habits and budgeting becomes a constant part of your life, you can allow yourself to have more fun and spend more money, without harming your overall financial state.

What Do I Do In An Emergency, If I’ve Yet To Start Saving Money?

However, there’s one downside when learning money habits to adopt – it takes time to show a result. Budgeting and saving money are good habits that will do wonders in the long run, but when you’ve only just started, they’re not going to protect you from, say, large medical bills. Only a fully-funded emergency fund can do that.

If you’re ever hit with an emergency that you’re unable to cover with your paycheck, here is some advice, you need to figure out 2 things: 1) will it get worse if you postpone dealing with it; 2) what are your options for getting money together?

If the situation isn’t very time-sensitive, you can make more long-term plans, and earn extra money by working overtime or getting a side hustle. But if time is of the essence (say you have a toothache or your pet isn’t feeling well and needs to visit a vet), then you may need to consider getting a fast loan – like a title loan – and dealing with it ASAP.

Why Title Loans?

Car title loans have two advantages:

1. They’re accessible to most people – your credit history doesn’t determine your approval chances, so you can apply even if your score is bad (or non-existent). Idaho Title Loans, Inc., specifically, can also accommodate any kind of income.
2. They are fast – typically applying for a loan at a bank could take days (and even weeks), which is not ideal if you’re facing an emergency. The title loan application process, on the other hand, can take as little as 30 minutes to complete, and, if approved, you can get the title loan cash you qualified on the same day or the next business day.

How Do I Apply For A Title Loan?

Another upside to title loans is the quick and straightforward application process. You need to go to the Idaho Title Loans, Inc. website and fill out the online request form – and it’s smooth sailing from there:

1. After you fill in the short inquiry form online with your basic information, your request will get processed within minutes and you’ll be contacted by a loan representative.
2. The representative will explain the process and the requirements needed for approval, and set up a meeting with you. Bring your car, your lien-free car title, and your government-issued ID (to prove you’re over 18) to the meeting.
3. Wait for the representative to assess everything and determine if you qualify for the loan.
4. If approved, sign the paperwork accepting the loan and get the cash.

Don’t let your money habits slip away from you, get a handle on the debt now with the guidance of Idaho Title Loans, Inc. Quick easy title loans are available now.

Access Financial Resources With A Title Loan!

When you’ve learned what money habits to avoid and introduced the money habits of the rich, you can secure a better financial future, and a happier, less stressful life.

But if a financial emergency arises before you see the benefits of your new and improved money habits, remember, Idaho Title Loans, Inc. can help with an auto title loan.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.