How to Have More Financial Stability and Peace of Mind

January, 15, 2021 | Louis Tully

Financial stability and freedom

Money troubles are the most common reason why people lose their peace of mind (or even fail to attain it at all in the first place). It’s one of the (if not the) most common reasons for relationships – be it romantic or platonic – falling apart, as well as the ever-climbing rates of depression.

There’s no way around it: attaining financial stability is crucial if you wish to live a peaceful life but find out how title loans can help.

Some people mistakenly think that obtaining financial stability means making more money. But the ugly truth is you could be earning an eight-figure salary and still be living paycheck-to-paycheck, completely dependent on that check coming in on time.

In reality, financial stability is less about how much you earn and more about controlling what you earn.

And here are a few things you could do to attain more financial stability (and peace of mind alongside it), even without increasing your revenue:

1. Start Budgeting

This is step #1. There’s no going around this one. If you wish to take control of your finances, then you should know how much you’re spending and on what.

Many seem to be afraid of budgeting because they think they’ll fail at sticking to it. And I’m not going to lie: at first, you might. You likely will. But budgeting is all about figuring out what you’re comfortable with through trial and error.

To put it shortly: a budget you can stick to allows you some fancies but doesn’t allow you to go overboard. It’s all about balance: yes, you can have Starbucks coffee once a week. No, you can’t have it every day.

2. Live Below Your Means

Maybe you earn enough to be able to afford Starbucks coffee every day. The question isn’t “can I?”, it’s “should I?”.

The same goes for everything else in your life: no, you don’t need a new luxury sports car, even if you can afford the monthly payments – it will start losing value the moment you drive off in it, and the expenses associated with it (like maintenance and gas) won’t look pretty at all. No, you don’t need to vacation at a 5-star hotel, a nice AirBnB will work just as well.

In other words: don’t try to live an Instagram lifestyle.

Couple uses title cash

3. Don’t Go Overboard

The thing about asking yourself “should I?” is that it should help you balance your expenses, not force you to deprive yourself.

No person can live in a constant state of telling themselves “no”, worrying about every single expense, pinch pennies whenever possible – and still keep their peace of mind.

It’s okay to go out and have a beer with the boys, it’s okay to get takeouts every once in a while, it’s okay to spend money to have fun.

That’s what the budget is for: keeping expenses reasonable. Just like dieters aren’t able to keep up with fad diets long-term, the budgeter won’t be able to keep up with their budget if it’s too rigid. If you’re too hard on yourself, you’ll inevitably bust your budget and drop it, discouraged by failure.

Be kind to yourself. Kindness is just as important when it comes to peace of mind, as control.

4. Be Ready for Problems

#1 budget-buster? The emergencies.

Most emergencies can be avoided. Many only encounter emergencies because they postpone dealing with problems they know about. If you notice your plumbing acting up and don’t call for a plumber immediately, in a couple of weeks you might have to shell out significantly more for an emergency intervention than a regular check-up would.

Why people postpone dealing with them? Because they have no money. So, make sure you have a solid emergency fund to deal with the problems – and don’t postpone dealing with them even if you don’t.

How a Title Loan Can Help:

If you need money to deal with an emergency and have no emergency fund, a car title loan could help. Car title loans are quick and easy: the lenders accommodate all kinds of income and they don’t care about credit scores, so you can apply and get approved even if your credit is bad – or outright nonexistent.

How Do I Find Title Loans Near Me?

Mississippi Title Loans, Inc. offers online loans in Mississippi. Go to MississippiTitleLoansInc.com and apply through an online form. A loan representative will contact you and schedule a meeting at a convenient location.

You’ll need to bring your car to that location for appraisal, as well as a few documents: the car’s title (which should be in your name and lien-free), as well as a government-issued ID (to prove you’re over 18 and the vehicle title is in your name).

The representative will assess your car and documents to see if you qualify for approval. If you do – you’ll get the cash the same day.