7 Emergency Holiday Reasons For Setting Your Emergency Budget Now
Even if it is the holiday season and celebration is all around, that doesn’t stop emergencies from happening. It is vital that you start to put together an emergency budget as soon as you possibly can. Here are some of the emergency holiday reasons why you should start putting together your emergency budget sooner rather than later.
7 Reasons To Start Your Emergency Budget Now
1. You Want To Be Able To Afford Christmas
This is probably one of the main emergency holiday reasons to put together a budget. There may be emergency expenses that pop up around Christmas and you want to be able to deal with them. A lot of people don't budget for emergencies so, before they know it, they don't have the funds needed for Christmas. This means fewer presents and a meal which may not taste as great.
2. You Don't Want To Be Taken By Surprise
You are going to be dealing with enough stress at Christmas. You don't want there to be more stress. Sometimes, it is nice to know that you have a bit of cash set aside just in case something happens. If it doesn't? Great. More cash to enjoy the New Year with. If it does? At least Christmas isn't ruined.
3. Winter Can Cause 'Emergency' Issues
Winter is probably the time of the year when emergency expenses start to happen a lot more often. It is the cold weather that does it. For example, if it gets too cold, then you could end up dealing with frozen pipes.
Burst water pipes are the worst. They can be expensive to deal with too. You may also find that you are much more likely to get sick over the winter months. This means that it may be useful to have a few funds set aside to cover medicine or any medical bills.
4. It Can Be Tough To Get Money Around Christmas
If you do have an emergency that needs to be covered, you may find it difficult to get access to extra funds over Christmas. It is unlikely that you can ask friends and family since their budgets will likely be stretched to the brink too.
You also may not be able to ask for a salary advance at work, as you may not be working or at least working fewer hours. And many banks are closed during Christmas, making it difficult to get funds through the bank like we traditionally do.
5. Bills Are Often Due Earlier
Normally, bills are due on the last day of the month. However, this can change a little bit around Christmas. Companies want to be paid earlier since there will be a massive shut-down over the holidays. Banks tend not to process payments around Christmas as well.
Now, if you budget properly, chances are that you will be able to cover those bills anyway. However, there are emergency holiday reasons why your budget may not be enough. For example, you may be dealing with higher than normal heating or electric expenses. It is wise to be able to budget for all of this in advance.
6. Your Salary May Be Delayed
When it comes to your salary, getting a delayed salary may not happen to everybody. However, a lot of people do find that their salary will be delayed nearer the end of the month. This is due to payroll and banks not working at full capacity.
Now, if you are lucky, this can be one of the emergency holiday reasons for having a budget that you can avoid. However, some people are not so lucky, and their paydays are stricter. It is nice to be able to budget for this in advance.
7. Start 2022 A Little Easier
Finally, if you do have emergency expenses to cover, it is nice to have the funds available. If you don't, then 2022 is not going to be getting off to the best of starts. You will be putting a lot of pressure on the first paycheck of the year. This is another reason to get your emergency budget set up now to have a better start at the new year.
Struggling To Cover Emergency Expenses This Holiday Season? A Title Loan Could Be An Option
While there may be plenty of emergency holiday reasons to have a budget, not everybody is able to budget for emergencies. After all, plenty of people are living paycheck to paycheck. Some people see Mississippi title loans as an option here.
These loans were made to help get you out of short-term emergencies. Mississippi Title Loans, Inc. can provide title loans of between $300 to $2,500. Do bear in mind that to get a title loan, you will need to hold a lien-free title to your vehicle. If you do, then this is the process that we use:
- Fill in the inquiry form on our website. This will only take a few minutes and lets us know that you are interested in a title loan.
- A representative from your local Mississippi title loan places near me will call you. They will set up a meeting for you. They will also answer any questions that you may have.
- You will need to come in for a vehicle inspection. You can choose where you want this carried out, or you can head to your local Mississippi Title Loans, Inc. location.
- We will inspect the vehicle to give us an idea of how much we may be able to lend you. We will also check over your documents.
- If we can lend to you, you will be given a loan offer and we can go over the loan terms. If you agree, you can sign your loan agreement.
- Once done with the paperwork, you will receive the cash that you need as soon as the same day or the next bank business day at the latest.
Get Your Emergency Budget Up Now To Enjoy Your Holidays Later
As you can see, there are plenty of emergency holiday reasons why you should have an emergency budget set aside for Christmas. Get your budget set now, so you can enjoy your time and plans once Christmas comes.
And when the budget isn't enough or the emergency expenses outstrip the budget you have set aside, get the help you need with a title loan. Fill in an inquiry form on our website today to get started on the process.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.