A Beginner’s Guide to Setting Up Financial Goals
October 13, 2020 | Peyton Sawyer
In these uncertain times, it’s completely normal to feel overwhelmed by your finances. Between monitoring your budget, cutting corners, and stressing about the future, you’ve probably wondered at one point or another about how you’re going to pay the bill due at the end of the month, or how you’re going to get your credit card payment back on track after it’s fallen to the wayside.
When it comes to getting your budget back on track so you can prepare for your future financially, the hardest part is starting and the best way to start is to list a few goals that you want to start working towards. In this guide, I’ll show you how to establish goals that will get you closer to your financially secure future. I'll also show you how to get emergency money in a pinch through past payday loans and title loans in Louisiana.
1. Decide on Long-Term Goals
Having long-term goals can give you something to strive for can give you focus and help to deter you away from any purchasing temptations that you encounter from day-to-day. These can be simple concepts such as “paying off my credit cards”, or “buying a house”. They give you a big goal to look forward to at the end of your current financial journey.
You should set a timeline for these goals as well, but make sure it’s a reasonable one! Don’t expect to buy a house in six months, but making it a five-year goal is completely reasonable! Reaching these huge long-term goals and crossing them off of your list is one of the most satisfying feelings in the world.
2. Decide on Short-Term Goals
While long-term goals can help to keep you focused, just relying on them can actually serve to demotivate you. Enter small, short-term goals that can help to make you feel accomplished and serve that instant gratification that we’re always striving for. These goals should be things you can achieve in a month or less, something simple and easy to incorporate into your daily routine.Some great examples are “making all my payments on time this month” or “I’m going to save $200 by the end of the month”. They’re still impressive goals, and you’ll feel fantastic when you finish the month having done them! The great thing about these types of goals is that they’re completely manageable and they give you the motivation needed to keep the momentum going. If even small goals seem daunting to you, there is a third option.
3. Bite-Sized Goals
When you’re first getting started, even small goals can feel unobtainable. You start doubting if you can really do it, and when that little voice in your head starts questioning your ability to do something, you become less likely to accomplish your goal. If this is you, then you should consider making even smaller goals that you can crush in a few days.
These are called bite-sized goals because they’re super small, manageable, and completely attainable within a few days. Don’t overdo them or try to make them complicated, shoot for simple and uncomplicated. Some examples are “I’m going to sit down and write my bills out for the month” or “I’m going to save the change from every transaction this week”. They don’t take a ton of time or effort, but you still have something tangible to show for it when you’re done. That’s a huge self-esteem booster!
But what happens when an emergency strikes and you find yourself wondering how you can amass the money to handle what you’re going through? Instead of stressing, title loans and payday loans in Louisiana can help you handle your emergency with ease. Here’s how they work.
Payday Loans Louisiana
The first of these loan types are payday loans. Payday loans are a short-term loan option type that allows you to use your employment status to secure a loan for up to $300. Online payday loans in Louisiana are fast, often getting you to cash in as little as 30 minutes, and you only need to supply a few pieces of information, which include:
- Your driver’s license
- Your proof of income in the form of a paystub
- A blank check to your bank account
Payday loans aren’t dependent upon your credit score for approval. All credit is welcome. Now, let’s take a look at title loans.
Title Loans Louisiana
Title loans are similar to payday loans in that they’re fast and easy but they differ in a very important way. You can secure up to $1,400 by offering your vehicle title for cash. What this means is that you leverage the value of your vehicle in order to secure your loan. Because of this, title loans aren’t dependent on your credit score either. Here’s what you need to supply in order to secure one after filling out the online form found on our homepage:
- Your driver’s license
- The title to your vehicle
- Your vehicle for inspection
The vehicle inspection will determine how much money you’ll receive on your title loan. We make title places near me an easy search for you as we serve several locations throughout Louisiana, ensuring that you’re never far from financial relief. We understand that dealing with an emergency can hinder your ability to work towards your financial goals which is why we’ve made finding relief all the more easy for you.