Why Most Americans Are Still Living Paycheck-to-Paycheck In Georgia
August 3, 2020 | Emma Frost
When it comes to living paycheck-to-paycheck, one big cause could be summed up in one word: debt. Finding the balance of paying off your debt while building your savings can be a vicious cycle because one can affect the other, causing you to live paycheck-to-paycheck. And if you do find that right balance, life throws you an unexpected situation that really flattens your wallet. But the bright spot is, there are things you can do to fix your money troubles. From title pawning to help out in emergencies or reconfiguring your budget for your debt, you can take steps to stop living paycheck-to-paycheck.
Make Changes To Your Budget
Like I said, if you find yourself focusing on either paying off debt or saving – and not doing both – things could get complicated. That is where you might have to look at your budget so you could better manage your money. And if you find that you need extra help sticking to a budget, you should look up ways to make budgeting – and actually sticking to it – easier for you. Something as simple as keeping an expense journal or a record of some sort will put you in control of your money. You could also adapt to a rule for splitting up your money.
Getting Organized And Adapting A Budgeting Rule Could Be Big Help
As important as keeping to a budget is, it can be difficult sticking to it if you aren’t using anything to help. What I mean by “help” is having things like an expense journal or a rule you can abide by. These things help you get organized and hold you accountable for your spending habits. If you have no idea how much you are actually spending, then how can you expect to stick to your budget? That is why keeping a written log of some sort can really show you where your money is going and how you can better manage it.
You can also adapt a budgeting rule like the 50/30/20 rule to help you delegate your cash to the appropriate places. This rule says you take 50% of your paycheck and dedicate it to your necessary expenses like bills, food, mortgage, and so on. Then 30% would be for your recreational spending like going out to eat, shopping, and other wants. And the last 20% would be what you would put into a savings account and your debt repayment.
Look For Ways To Take Care Of Emergencies
Another aspect resulting in having to live paycheck-to-paycheck is unexpected emergencies. Any kind of emergency – whether it is a medical emergency or an emergency at your home – can really hurt your finances. Even if you have insurance and an emergency fund set up, you can still feel the effects of unexpected situations. As difficult as emergencies can seem, you do still have options to turn to. Of course you can try to look for extra cash through part time work or extra hours at your job. You could also try to sell your belongings to make extra money. Turning to traditional loans from banks or credit unions is another option you have. And all around Georgia you can turn to title pawns near you when you need some extra money quickly.
What Is A Title Pawn?
If you’ve never dealt with title pawns before, you shouldn’t worry because our process is very easy to follow. A title pawn company provides Georgia residents with quick cash when a vehicle’s title is used as collateral. With this pawn you could qualify for up to $15,000 in quick cash you need for those emergencies that need your immediate attention. Situations like broken water heater or car damage would fall under emergencies that need quick money to solve them. That is where your title pawn works best. It won’t be a permanent fix to your finances – so you definitely should not use it as a means to get rid of debt – but it can help when you are feeling the weight of your financial emergency.
Getting an auto title pawn in Georgia is simple. All you have to do is fill out the short online form and wait for us to give you a call. Once one of our knowledgeable pawn reps gives you a call, you will find out what is next and have any questions you have answered. After the phone call, just make your way to the nearest vehicle title pawn to you and finish off with some paperwork. We will also be going over the necessary items you bring in with you. We don’t require a lot, but we do require you to bring in three things. Those are:
- Your driver’s license or state issued ID that says you are 18 or older.
- Your vehicle title that is in your name and free of prior pawns and judgements.
- Your vehicle that matches the title for a quick inspection to figure out how much you qualify for.
Stop Living Paycheck-to-Paycheck, Today
While it does take a lot of hard work and patience to get to a financially stable place, it isn’t impossible. Yes, many americans are currently living paycheck-to-paycheck – especially since the Coronavirus pandemic hit – but there are steps you can take to better your odds of overcoming those hardships. Whether it is tweaking your budget or looking into options like pawning your car’s title, you could actually find yourself on the right step toward the financial freedom you one day want to reach.