The holiday can ravish your budget and leave you depressed as well as broke. It doesn't have to be that way. You can start creating spending goals to manage all the extra spending. 

Creating spending goals puts boundaries on what you are willing to do. Many feel they have to meet their family's expectations during the holidays. A solid list of goals helps you stand against expectations and tell family members what you are willing to do.

It allows you to hold the line against unrealistic expectations and manage stress.  Keep reading to discover how to create holiday spending goals today!

How Can You Create Holiday Spending Goals Today? 

Three simple steps can help you create your customized spending goals to maintain over the Christmas season. 

1.) Separate Must-Haves

Everything during the season seems like a must-have, but they aren't. Certain things are more important than others. It could be baking with children or decorating the home. List your top three must-haves so you can focus your spending on those rather than try to do everything. 

Focusing on your priorities will help make those experiences more memorable, too. 

2.) Look At Incoming Money

Many need to remember their incoming money stays the same during the season, even when expenses increase. Companies aren't giving Christmas bonuses anymore. Take a serious look at what you have coming in and deduct your regular expenses to get your disposable income. That is your holiday budget. 

Now, categorize the holiday budget into food, gifts, decor, experiences, and whatever else you spend money on. 

3.) Put Budgeted Cash Into Envelopes

Those who have never budgeted during the holiday may have trouble keeping up with spending for each category. One easy way to control spending is to take the budgeted cash for each category, put it in an envelope, and label it. Put them somewhere safe that only you have access to. 

As you need money for each category, take that envelope out and use the cash. When the money is gone, you're done for that category. 

4.) Getting Extra Cash

There may be a time when you need extra money during the holidays for something unexpected. It could be relatives popping in without warning or a home repair popping up. Options exist for getting fast cash for emergencies. 

Tennessee Title Loans, Inc. has several alternative ways to finance the unexpected. They have title loans, payday loans, and lines of credit. These options provide decisions faster than traditional financing companies such as banks. Plus, we will consider those with bad or no credit. 

Tennessee Title Loan, Inc. offers $300 to $2,500 title loans. Requirements are having a driver's license or state-issued ID, a clear title to your vehicle, your vehicle available for a quick inspection, and proof of income such as your most recent pay stub. 

Payday loans have a range of $100 to $400. You must have a driver's license or state-issued ID, the most recent pay stub, and a blank check from an active checking account in your name. 

Flex loans, also called line of credit loans, have a maximum amount of $4,000. Requirements are having a driver's license or state-issued ID, a clear vehicle title, the vehicle ready for inspection, and proof of income.

Which Loan Should You Pursue?

The type of alternative loan you seek depends on the cost of your unexpected expense. It also depends on the details of your situation, like whether you own your vehicle outright or are still determining exactly how much money you will need over the season. 

You must evaluate your needs, income, and repayment options to determine what alternative funding is proper for you. 

It's Simple

Getting one of these types of loans is simple. All it takes to start is filling out an inquiry form. Submitting an online inquiry form will lead to a loan representative from the nearest store contacting you. They will answer your questions and direct you to the next steps. They will also help you schedule an appointment in a nearby store. 

Once you meet with a loan representative, they will verify your documents, do any necessary vehicle inspection, and guide you through the easy paperwork. The process could take as little as 30 minutes. You will get a decision by the end of the process. Money will be available to you if approved, either the same day or the following business day. 

Submit The Online Form Today

You can have the money you need for unexpected expenses during the holidays, and it can start by filling out the inquiry form. Tennessee Title Loans, Inc. can help you stretch your budget to cover additional costs. 

Tennessee Title Loans, Inc. can help as you try to create and manage your holiday spending. Fill out the form today!

 

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.