When you’re a child, Christmas equates to pretty much one thing: presents, presents, presents! Now that you’ve become the parent, you might find yourself focusing on another equally important part of the Christmas season: money, money, money.
It costs money to buy presents, bake holiday cookies, and host Christmas parties, money you might not have. If you’re like too many other Americans these days, money is short, debt is an issue and all you want for Christmas is to make ends meet.
Source: January 2017 Money Pulse survey by Bankrate.com
Did you know you could use the equity of a vehicle you own to get the fast cash you need to pay off debts, cover monthly expenses, and even finance a little Christmas cheer? Title loans are easy to qualify for, even if you have bad credit. Same-day cash amounts are available up to $15,000, and all you need is a vehicle you own and a few simple documents to be approved. You even get to keep driving your car while making the payments.
Here are three ways title loans are helping families celebrate Christmas this year:
One of the best Christmas gifts you can give yourself is to pay down your debts and make a fresh start in the New Year. Imagine what it would be like to have zero balances on all your accounts. Are you sick and tired of debt collectors calling you or getting hit with one overdraft fee after another? Take control of your finances and consolidate all your debts into one easy to remember payment.
Similar to paying off debt, there is a spectacular sense of relief that comes with simplifying your holiday gift giving. While spending less on Christmas could quickly help you reverse a negative financial situation, it also removes all the pressure and expectations from the holidays. While it’s nice to be able to buy meaningful presents for your friends and loved ones, removing gifts from the equation allows everyone to focus on the true reason for the season.
Do you budget? If you do, good for you! If you don’t, here’s why you should:
According to Consumer.gov, a budget is "a plan you write down to decide how you will spend your money each month." When you neglect to make a plan for your money, you invariably spend less responsibly than you would with a budget in place. Your money needs a plan and direction in order to maximize its potential.
Even if you already have a budget, there’s always room for improvement. Maybe it’s time to reevaluate how you are spending your money? For example, if you earmark $150 per week for food, have you been meeting that goal or spending beyond your budget? If you find yourself going over budget, maybe it’s time to start shopping at a bargain store like Aldi or Trader Joe’s.
Christmas is about more than spending money on yourself or others. It’s really about showing your loved ones what they mean to you and spending quality time together. This can be tough to remember during the holiday season when commercials are constantly bombarding you with the hottest toys and gadgets of the year. But, if you’re like the 50% of Americans who can’t cover a $500 emergency expense, it’s important to sidestep all the commercialism and potential for overspending and instead focus on friends, family, and the true spirit of the holiday season.