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Top 3 Financial Tips for Newlyweds

NewlywedsSummer is in full swing in Florida and with the soaring temperatures and typical rain throughout the state, weddings are quite popular as well. One thing that newlyweds will need to think about following their happy nuptials and honeymoon is their finances. Here are 3 tips that all newlyweds should be certain to keep in mind as they start their lives together:

1 – Don’t Start Living a Different Lifestyle
One of the mistakes that newlyweds often make is thinking because their household has two incomes, they can live more lavishly. It may feel like you have won the lottery, or come into an inheritance, which may tempt you into spending more money on fun, but the best advice from financial experts is don’t spend like it’s going out of style. Use the extra money for things like starting or filling a retirement account, paying off credit cards or investing. You will be much better in the long run.

2 – Save a Salary
Now that you likely have two incomes, even if one is a lot smaller than the other, it is recommended that you save one salary and use the other for living expenses. Even if you can save half of the second salary, it can make a huge impact on your financial future and give you a source of money when you need it.

3 – Consider Insurance
Finally, when it comes to your financial situation as a newlywed, it is important that both of you get some type of insurance in place. This doesn’t necessarily need to be life insurance, but it should be some type of protection from catastrophe like long-term care insurance. Life insurance should be taken on if you can afford it or if you have children.

These are just three of the many tips that you will see floating around for those who have recently become married. Of course, if you are ever stuck in a situation where you need money in a hurry, you can also contact Embassy Loans for a car title loan and money in a matter of hours. For more information on car title loans, contact Embassy for more details.



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.