No one wants to be caught in an emergency with no place to come up with the necessary funds. And it can be really expensive and difficult to get a bank to loan you emergency money. So why not make your own emergency fund? It’s easy to do, because to get the money you need to put into your fund, you can apply for car title loans Ontario. In one hour you’ll get a reduced interest loan that you can tuck away into a savings account for a rainy day. Here’s how you can get started today:
- Everyone has extra stuff in their house that has value. That’s because we typically buy too much! We buy more than we need, or we want new things all the time. So take an inventory in your house, make a list of what you really want to keep and what is just collecting dust. Then either advertise those items in your local newspaper or have a yard sale. With the money you collect, put it into your emergency fund.
- If you have extra time on your hands, use it to earn some extra cash. It doesn’t have to be every day and it doesn’t need to be long term, but by taking on a second job you can quickly get the cash you need to put into your emergency fund. If you’re not sure what you can do, go to a retirement home near you and ask if they need help. Retirees can be grateful for the help. There are other ways to earn cash than working at an all-night car wash!
- Are you spending too much money when you’re out of the house? We’re talking about double lattes, burgers and fries and muffins on the go. Don’t fall in to that temptation but pocket the money instead. You’ll be surprised at how much you save in just one month’s time if you cut out those expenses.
- Find cheaper ways to get to work. Look for someone who works in your area that you can carpool with. The more the merrier, and if you find enough people, you can even take advantage of those speedy lanes for cars with 4 passengers. Figure out how much you’re saving by not taking your private car to work every day and add it to your emergency savings fund.