How To Break The Paycheck-To-Paycheck Cycle

October 20, 2020 | Emma Frost

paycheck-to-paycheck break the pattern

 

Most people live their lives paycheck-to-paycheck. What that means is that by the time their next payday arrives, they would’ve spent all of their money and find themselves back at zero. Worse yet, some people even spend beyond what they have through the use of things like credit cards! If you’re in this position, don’t feel bad. There’s a way to break out of this seemingly endless cycle.

Use These Methods To Stop Living Paycheck-To-Paycheck

Here are five effective methods you can use to break the paycheck-to-paycheck cycle.

Scale Down

First of all, you have to be honest with yourself. If you are living paycheck-to-paycheck, that means that you are living beyond your means. The good thing about that is that you now have your first method for breaking the cycle. All you have to do is scale your lifestyle down.

Maybe you could start cooking your meals at home instead of eating out all the time. Or perhaps, you could sell off your expensive car and instead drive a used vehicle that’s much cheaper. The idea of scaling your lifestyle down is simple, but it’s not easy. Most people aren’t willing to give up the lifestyle that they’re already enjoying. Still, if you want to become healthier financially, this is a significant first step to follow.

Sell Things Off

To pay off your debt and break the paycheck-to-paycheck cycle, you need to bring in more money. One way to do that is to sell off things that you no longer need in your life. Have a garage sale and sell anything you don’t need. Then, take that money and use it to pay off whatever debt is keeping you stuck in the cycle!

Get A Side Hustle

If you’re living paycheck-to-paycheck without anything left over at the end of the month, you’ll need to get a side hustle. It doesn’t have to be something big that takes up all of your free time. It just needs to be something that can generate extra cash that you’ll find useful. You could sell things online or become a freelancer. Everyone has a talent, and you could use yours to generate more money for you and your family!

Stop Using Credit Cards

Debt is a reality of life for almost everyone. The problem, though, is in what they call ‘revolving debt’ like the one you get from credit cards. Unlike a loan, a credit card will allow you to use more borrowed money even while you’re paying off the existing debt. That’s something that keeps you trapped in the cycle! When the time comes that you need to borrow money to pay for big purchases or emergencies, take out something like a title loan instead.

Use Title Loans To Handle Emergencies

Sometimes an emergency pops up that threatens to derail any progress you’ve made to stop living paycheck-to-paycheck. Emergencies like medical bills, sudden home repairs, auto accidents, or even unemployment. That is where you can turn to our title loan centers in Arizona! These situations are what title loans were made for!

 

paycheck-to-paycheck cycle

 

What Is A Title Loan?

Before you ask, ‘what is a title loan,’ let me explain. A title loan is a loan you receive when you put your vehicle’s title up as collateral. You have to make sure the title is in your name and is free of prior loans in order for it to qualify. This is an easy option for you to get quick cash to help pay down your emergency.

Advantages Of Title Loans Near Me

There are plenty of benefits for you to think about. One benefit is our quick and easy application process. All you need to bring in is your ID, your vehicle’s title, and your vehicle. The rest of the process is done quickly in the store.

Another benefit is we welcome all credit to come and apply. Unlike traditional loans where a poor credit score could be a problem, it isn’t one here. We want to help in any way we can so we won’t turn you away for a poor credit score.

A third benefit is being able to handle your pesky emergencies. Once you learn if you are approved, you will have your money the same day. That allows you to go handle whatever emergency you are in right away. No need to wait around and let your emergency linger on.

How To Get A Title Loan

As I said, our process is quick and easy. It begins with you filling out our online form. We actually offer you two ways of going through it. Both start the same; with you filling out our online form. Once we receive your form a loan representative will give you a call. They will let you know what required items you have to bring in. They will also walk you through the rest of the process. This is the part where you can give us a location and we will meet you – there is no need for you to come to the store if you don’t want to! Of course, you can still come to an Arizona Title Loans store nearest you if you prefer.

Whether we come to you or you come to us, the process is still the same. You have to bring in your ID or driver’s license, your vehicle’s title, and your vehicle. Again, you have to make sure the title you are using is in your name and free of any prior loans. And your vehicle will be inspected to determine the value and condition. These two things help us determine how much money you qualify for. After we’ve checked your items and have done the inspection, we will go over the loan terms. If you agree with the terms then you can sign the agreement and, voila! You are set! You will either get your cash right then and there or the next bank business day.

 

Fast Auto Loans Inc

If you are searching for a convenient way to get a title loan, look no further than Fast Auto Loans, Inc. We offer online title loans where no store visit is required or in-store title loans and installment loans. To get started, fill out the simple online form above or give us a call at any one of our convenient store locations.

All you need is the following items:

  • Driver’s License or State Issued I.D.
  • Lien-Free Title to Your Vehicle
  • Your Vehicle for Inspection

When you’re ready to get the emergency cash you need without all the hassles of a traditional loan, Fast Auto Loans, Inc. has you covered with a car title loan up to $15,000 today.

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