At Your Loan Depot, we do our best to be a short and long-term financial solution for the good people of Texas. With regards to the former point, we provide bad credit loans, title loans, and payday loans at Your Loan Depot, the top payday lender in Texas. If you are having a financial emergency and need emergency cash, we don’t care about your credit score the way banks do. 

While our interest rates are generally steeper because of that fact, it’s an option many people take up because, well, they have a financial emergency. If yours has to do with putting food on the table, an unexpected medical expense, or keeping a roof over your head, it might be time to consider a payday loan from Your Loan Depot. You can get up to $1,000 in cash without putting your vehicle up as collateral. If you were to, hypothetically speaking, you could get access to up to $5,000 in cash.

To the latter point, about your long-term financial future, we aren’t quite as capable of intervening with cold, hard cash as we are with our loan services and cash advances. However, we can make a difference in the lives of our readers by providing them with practical, actionable financial advice to help them out. 

In our last blog, we took the opportunity to offer up a handful of effective, simple habits that people employ to get better at saving money. While we’d encourage you to go back and read our last post in its entirety when you get the chance, a few of our favorite tips and tricks included the following: 

  • Use the 24-hour-rule – if you really want to “impulse buy” something, wait a day to see if you still want it. 
  • Set up automatic deposits into a savings account – if you have direct deposit, allocating just $20 a week into a savings account will put away over $1,000 over the course of the year. 
  • Pay attention to your grocery shopping – Going name brand on your favorite snacks and cereals can really set you back. Start cooking more and eating out less. 

There were other tips as well, but those are a few of the best we had to offer. For the remainder of today’s blog, we’ll be continuing with the tip providing. If you are interested in being better at saving your hard-earned money, this blog is for you, so read on!

Throw Simple, Meaningful Birthdays

This one might sound a bit odd at first blush, but for families with multiple kids, throwing extravagant birthday parties is synonymous with throwing expensive birthday parties. The thing is, your child doesn’t need things like fancy decorations, tons of party food, and expensive gifts to feel loved. 

We aren’t saying that you should refrain from showering your children with love and gifts on their special day, but instead that you should think about ways to show your child how much they mean to you in a variety of ways. As consumers in America, it’s easy for us to equate worth and value with money and cost. That’s just not so. You don’t have to spend hundreds on birthday parties and gifts for each of your children to show them how much you love them. 

Say Goodbye To Cable & Your Monthly Subscriptions

While we are on the topic of being caught up in Western consumerism, a great way to save literally hundreds every month is to, first, cancel your cable TV subscription, and second, to cancel the handful of monthly subscriptions you have, such as Hulu, HBO, YouTube TV, Amazon Prime Video, and others like it. 

Before you throw whatever device you are reading this blog on and run away screaming in horror at the ideas we just presented (shocking and scandalous as they are), hear us out. This isn’t a forever thing; it’s a right now thing. Perhaps you don’t cancel all your subscriptions at once, but stick to one or two favorites that you just can’t live without. If you go for it, you might just be able to keep an extra few hundred dollars every month, which turns into an extra few thousand dollars at the end of the year! 

Spend Unexpected Income Smartly

Here’s one that comes straight from the mind of the one and only Dave Ramsey; if you want to get ahead financially speaking, be wise about how you spend unexpected or extra income, like your tax return. It might be tempting to want to blow it on a weekend vacation, a couple of Cowboys tickets, or to go on a shopping spree, but those are the kind of habits that might just have gotten you into this financial mess in the first place. 

Instead, we’d recommend doing something proactive with the money. If you have credit card debt, attack it like crazy with everything you’ve got. If you are debt-free, set up an emergency fund for actual emergencies. That way, you won’t need to utilize the payday loan services that lenders like Your Loan Depot provide. There’s no interest on your own money, after all. 

Secondhand Clothing

If you are serious about getting out of the red financially, you are going to need to make sacrifices. Sometimes, things aren’t quite as bad as they might initially seem. Take buying secondhand clothing for you and your family, for instance. It might seem beneath you, but why, exactly? Have you ever gone “thrifting” with your friends, maybe long ago? It didn’t seem so ugly then, did it? Sure, you might have been looking for a vintage find, but our point is that both kinds of clothing are technically used. So what’s the difference? Perception, and perception alone. 

If you are smart about it, you can find more than value. You can find cool clothes for you and the entire family. You’ll even be able to find name-brand clothes too! Just treat it like the adventure it is and have fun with it!

Eat At Home & Pack Your Lunch

Here’s a tip that, if employed, can make a genuinely massive difference in your attempts to save money. Stop eating out so much. If you eat out a moderate number of times each month, do it less, and cook more often! Eating out, even at fast food restaurants, can set you back in a hurry. Likewise, we recommend you pack your lunch every day for work. Sandwiches may not be enticing, but they are cheap! And remember, this isn’t forever. This is an investment for a brighter future, a future where you can go to brunch and dinner as many times as you’d like!

Contact Your Loan Depot

We hope you’ve enjoyed today’s blog as much as we enjoyed writing it! Remember, saving money can be a beast of a challenge when you look at it as one, singular issue. But when you break it down into realistic habits you can do each month, it becomes more doable over time. 

We’d also implore you to remember that Your Loan Depot is here with bad credit loans and emergency cash advances. We have numerous locations throughout Texas, so reach out to us, walk through our doors, or apply for your loan online!