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BlogBlogThinking About Saving Money? Here’s How

Thinking About Saving Money? Here’s How

Save-MoneyIf you are not, you should be thinking about how to save money. Too many people are unprepared for emergency situations and get themselves into financial difficulty by not having the savings necessary to get them through a tough time. If you have been thinking about saving but do not know where to begin, here is what you can do to start.

 

  1. Analyze and record your expenses. The only way you will be able to save any money is if you know exactly where all of your money is going. Record everything – gas, groceries, coffee, everything. Once you see where your money is being spent, you will be better prepared to begin saving.
  2. Set realistic savings goals. While you may wish to save $1,000 per month, that may not be realistic with your expenses and how much you earn. Set a goal and make it a realistic one. You can always adjust it if necessary. Start with a $20 per paycheck and build from there.
  3. Pay yourself first. Most every financial guru that offers savings and retirement advice says to “pay yourself first.” This means that you put aside a set amount from each paycheck into some type of savings investment. It could be $10; it could be $1,000. Whatever the amount is stick to it and continue paying yourself first. You will see your savings grow very quickly.
  4. Establish a budget. This seems almost elementary, but it is important if you want to save. Track all of your spending and income. Part of your budget should be dedicated to saving. Budget an amount to pay yourself first. Start your budget and stick to it.
  5. Avoid new debt. There are some forms of debt that you just cannot avoid. If you own a home, you will most likely have a mortgage. You may also have car payments, but avoid adding new debt to your monthly budget.

 

Following these guidelines can help anyone get started with saving. The key is to have the desire and willpower to stick to a savings plan. For those who have serious financial difficulty and need to find a way to get rid of debt, they may wish to look into car title loans.

 

If you are a vehicle owner and possess the title, you may be able to borrow against the value of the vehicle and consolidate some of your debt into one lower payment. Embassy Loans, for example, has helped thousands of customers obtain car title loans very quickly. Most title loans can be processed in an hour. They are not dependent on a borrower’s credit either. If you have serious financial issues, consider a car title loan to help.



Embassy Loans is a leading provider of auto title loans since 2005

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Embassy Loans Inc. is licensed under the “Florida Consumer Finance Act” and as such Embassy Loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of Embassy Loans’ activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.

Monthly Interest Rates range from 1.5% to 2.5% (18% to 30% APR), with 15-18 Month Terms.

No Prepayment Penalties!

Embassy Loans uses “Title Loans” for advertisement purposes only and provides auto equity loans. Embassy Loans Inc. is licensed under the “Florida Consumer Finance Act” under Florida Statute 516 and as such Embassy Loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of Embassy Loans’ activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.

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Frequently Asked Questions

What is an Auto Equity Loan?

An auto equity loan, sometimes known as a car title loan or a car equity loan, is a type of loan that allows you to borrow money by using your vehicle as collateral. The loan is secured by your vehicle, meaning you agree to use the equity in your car to back the loan. 

What is an Unsecured Personal Loan

An unsecured personal loan is a loan that does not require collateral. Funds are provided based on your credit worthiness and your ability to repay. 

What Is the Credit Builder Program

The credit builder program is designed to help individuals establish or improve their credit score with the primary purpose of building a positive credit history through regular payments.

Can i have more than one Loan at a time?

Embassy Loans can only extend one loan at a time and it’s advisable to start with one and focus on making payments in a timely manner to prevent default.

What happens if I miss a payment?

Missing a payment can have negative consequences, including late fees, a drop in your credit score, and potential default on the loan. Consistent, on-time payments are crucial to benefit from the program.