preventing a financial emergency with an emergency fund

How to Prevent Another Financial Emergency

It’s part of human nature to get complacent when things are going smoothly. But as many of us know and have realized over the course of the last year, life can be quite unpredictable and can quickly take a turn for the worst. Job loss, health emergencies, even a pandemic can disrupt our lives, affecting our mental, physical, and financial health. Although you cannot prevent such events, you can definitely prepare for the worst and help to minimize the impact. In this article, we will highlight a few steps that you can take to prevent another financial emergency and how you can get cash for your car title.

Create a Monthly Budget (And Stick To It)

If you don’t have a monthly budget then you need to make one right now. Monthly budgeting not only helps you balance your income with expenses, it also lets you know the amount that you can set aside for your emergency fund. Making a budget is the easy part; you can just download one of the many apps available online but what’s not so easy is sticking to it; and 90% of Americans can vouch for this according to a 2019 survey.

One thing that you can do is, rather than transferring surplus income to your savings accounts, you could instead start out by setting a percentage that you can set aside for emergencies. You can set aside that amount at the start of the month when you get your salary. If you are still finding it difficult to stick to your budget, then it may be time to cut down your expenses. A few of the main budget breakers to avoid are online shopping, subscription services, and food deliveries.

Secondary Source of Income

If you simply cannot find the room to reserve any amount for an emergency fund then it might be time to get a secondary source of income. You can either get a part-time job online or you can start a small business. If you have a car then you can get yourself registered on one of the many ride-sharing apps like Uber and Lyft. If you have no time to spare then you can get your car wrapped by an ad agency.

Invest in Liquid Assets

If you have acquired a sizeable emergency fund then you will most probably not want it lying under your mattress. The best places to park emergency funds are in liquid assets like saving accounts, CDs (certificate of deposits), and government securities (T-bills). This will guarantee the quick availability of your funds without the risk of incurring any loss.

Investing your emergency fund in other assets like stocks is not advisable since there’s a chance that you might have to withdraw funds at a time when stock (asset) prices are depressed.

Get an Online Title Pawn

Having an emergency fund gives you peace of mind and helps you prepare for the worst. But if you simply cannot wiggle out of your expenses in order to set aside any decent amount then it might time to get an online title pawn. Title pawns function by being a fast and easy emergency loan option that is easy to get even when you’re in a pinch.

Securing Your Title Pawn in Georgia

The Benefits of Title Pawns

Quick and Hassle-Free

Online title pawns are easy to acquire and guarantee cash payment the very same day. With Georgia Auto Pawn, the whole process takes about 30 minutes. After you fill out an online application and your loan has been approved, the cash will be promptly transferred to your account.

No Credit Checks

If you’re worried about having a lower credit score, don’t! Title pawns do not require a strong credit score for approval. Credit checks aren’t required and all types of incomes are acceptable.

You Keep Your Car

You can pawn your car for cash and keep it, too! With title pawns, you get to keep and operate your car as you normally would. The only thing that we keep is the title.


 Couple applying for online title pawn


Applying for an Online Title Pawn

Serving several locations throughout the state of Georgia, we make your search for finding title cash near you easy. And, because you can start your application online from the comfort of your home, you’re never far from fast financial relief! Once you complete your online form and submit it a representative will contact you with the next steps which include a face-to-face meeting during which you’ll car will be inspected. You’ll need to provide a few pieces of information in order to secure your title loan, which includes:

  • Your driver’s license
  • The title to your car
  • A blank check to your bank for direct deposit

After you understand the process and fill out the paperwork, the funds will be directly deposited into your account for you to use as you see fit. We understand that emergencies happen when you and your bank account least expect them and, despite all of your preparation, you may still need extra money. When this happens, title pawns will always be here for you.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Louis Tully

Louis Tully is a full-time finance writer offering financial expertise to everyday consumers. He understands the core values of finance and used his writing talents to share his own experiences with money to his readers. His articles teach how financial failures can easily become successes by making new habits and creating realistic goals.