Overwhelmed? 3 Simple Solutions for When You Don't Know What to Do
Being overwhelmed financially seems to be unavoidable at some point in our lives. Unexpected expenses can cause our wallets to drain faster than the leaky pipes or our gas tanks. During these times, we can feel hopeless and directionless.
However, every problem has a solution. Sometimes it means taking a deep breath, looking at your situation as logically as possible, and coming to terms with the fact that the mountain of financial responsibilities won’t go away on its own.
Taking action as soon as possible will lessen the blow of economic hardships. So, we have three simple solutions when you don't know what to do to solve your financial struggles to help you take action and get back on track.
Solve Your Financial Struggles
1. Analyze your finances.
Do you really not have enough money to get your root canal done? Does that gutter repair really need to be put off a couple of months? Do you really need those new designer sneakers?
Those times when a $300 car repair seems like a large sum of money, ask yourself if the $500 new game console you just bought was worth more than your car's health. We’re all guilty of giving into pleasure and sometimes putting our wants before our needs. So, analyze your finances and see where this applies to you.
It’s great to reward ourselves sometimes, but seeing where you’re allocating your money can help you “find” the cash you thought you didn’t have to greatly benefit your financial situation. Instead of purchasing that new $1,000 gaming kit on Amazon, you can put the money toward the loan that’s about to go into collections.
And when you’re done analyzing your finances and re-allocating funds for fun to your emergency expenses, make sure you are proactive and create a budget. That way, you won’t have to always forfeit your wants for your needs because you’ll already have enough money saved up for the important things.
2. Start a side hustle.
When mountains of debt surpass your salary, consider starting a side gig. Side jobs tend to be flexible, get you quick cash, and require little to no experience.
The process of food delivery driving, for example, can take as little as one week. These jobs allow you to work when you want, for as long as you want, so you can do overtime to catch up on your debt. The startup fees are typically $0, and your only overhead is gas (and car repairs if you plan on driving for an extended period of time).
If you do have some skills you’d like to capitalize on, freelancing can be a great choice. When it comes to freelancing to supplement your full-time job, it’s important to monetize a skill that you’re great at and is easy for you to do. You don’t want to be overwhelmed with projects that don’t fit your skill level.
3. Apply for an auto pawn loan/title pawn.
If you have a car that’s in good condition, you might want to consider getting an auto pawn. Auto pawns are one of the quickest, most secure ways of dealing with financial burdens. They allow you to use your vehicle as collateral to get quick cash in return.
The advantages of a title pawn are:
- You can apply with good, bad, or nonexistent credit
- You get cash fast, usually within 24 hours
- The application process is quick
- Stores are currently working with all types of income
If you’re searching for “auto pawns near me,” Georgia Auto Pawns Inc. could be the solution to your cash conundrum. You can get up to $15,000 the same day you apply for the online title pawn.
Here’s what you need to do:
- Fill out an easy online inquiry form and wait for a call back from a store representative.
- During your phone conversation, ask any questions about your auto pawn. The representative will explain all you the necessary information and direct you to the closest Georgia Auto Pawn, Inc. location.
- Gather all necessary documents (Driver’s license, lien-free auto title, and your vehicle).
- Get your vehicle inspected and complete the approval process.
- Walk out the door with the cash you need!
Getting an auto pawn loan from Georgia Auto Pawn, Inc. will help ease some of the financial burdens, so you can get back on track. Just be sure that you are at least 18 years of age, your car is in good condition, the car title is in your name, and you’re good to go!
Even though expenses piling up can be overwhelming and seem never-ending, using the resources you already have to create new resources to deal with the problems is one of the safest, most secure, and quickest ways to take some of the pressure off.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.