Wanting to save is not enough. You´ll need a plan to cut back on expenses and free money up for the things that matter the most
It would seem strange that we, as a pawn shop, are interested in sharing tips on how to save money and improve your personal finances. This is what makes our shop different from others.
The popular notion that pawn shop operators rejoice on their customers´ financial struggles is gone.
We at CashCo are deeply rooted in our community, and believe that fostering financial security for our neighbors is our obligation.
However…
The hardest part of learning to save is to change our habits. We can understand on an intellectual level the need to spend less than we earn. But money management requires more than that. You´ll have to know yourself, to act with discipline and fight for your goals.
Follow these strategies:
Take responsibility. Explore how to maximize your income and minimize expenses. We may not have learned how to manage our personal finances at school, but now it´s up to us as adults to educate ourselves.
Think in terms of money/time. Each dollar earned represents the time it took you to earn it. Do the math and you’ll start making different decision (is that gadget really worth a week´s salary? Can you get it at a discount at non-conventional venues, such as a pawn shop?
CashCo has been voted as San Diego´s best pawn shop by the community and customers. Hands down, CashCo lends the most money – and is the most trusted pawn shop in San Diego! There is a CashCo pawn shop near you.
Set short, medium and long-term goals. Saving for retirement is a beautiful goal, but it shouldn’t be the only one. Divide your goals into short, medium and long term. You deserve to enjoy small rewards throughout life, and not just during the golden years. If that means selling gold now, for example, to pay a looming credit card debt, you won’t regret it.
Open your mind. If you need fast cash to get back on your feet, there are many options. The important thing is to leave behind old ideas, such as thinking that it´s shameful to approach a pawn shop for buying or selling, and just do what works for you.
Analyze your expenses. Review your cable vision plan, car insurance bill, your internet service, gym or sports club membership, dry cleaning bill and cell phone plan. Service providers have more room to negotiate than you can imagine. Sometimes you can get discounts just by making a phone call.
Beware of credit cards. Leave the credit card at home when you go shopping. Plastic makes us feel like we have unlimited funds. Better pay with a debit card or good old cash. If you are trying to build credit; then, you’ll need to be extremely cautious when spending.
Search for discounts and low prices. Consider buying generic store brands. Take advantage of offers on frequently used products such as detergents and cleaners. Buy canned or nonperishable food in bulk when you find it on sale.
Cut out those “guilty pleasures”. Cutting out on those small cravings, such as a daily latte or gelato, could translate into hundreds of dollars in your wallet and a few inches on your waist. But if the temptation is too strong to resist, get nice coffee creamer or powder at the supermarket and prepare your coffee at home: just as tasty and cheaper.
Cut out those “guilty pleasures”. Cutting out on those small cravings, such as a daily latte or gelato, could translate into hundreds of dollars in your wallet and a few inches on your waist. But if the temptation is too strong to resist, get nice coffee creamer or powder at the supermarket and prepare your coffee at home: just as tasty and cheaper.
When the cheap becomes expensive:
Skimping on the following items can be counter-productive, risky and long-term, and a whole lot more expensive.
Doctor´s appointments. A serious illness can be more costly and difficult to treat as it progresses. Invest in prevention.
Healthy food. Sure, burgers and fries may be cheaper than a salad, but fat and toxins take their toll sooner or later. If you are eating out, prefer places that offer healthy choices, or pack a lunch at home.
Health insurance. Think well before selecting a plan with lower monthly payments, for these later translate into higher co-pays and impossible deductibles.
A few tips and pieces of advice to think about. By cutting a few dollars here and there, and maximizing your income, you´ll be able to free-up some cash for the things you really like in life, and enjoy more! If you do find yourself in a temporary bind; reach out to us and Get a Quote from one of our pawnbroker specialist. 1st time customers will also receive their pawn loan free of interest; that means you won’t need to pay interest up to 5 months and we’ll lend you up to $250.
If you have any questions at any time and would like more advice; please send us a message or come for a visit!
Sincerely,
CashCo Pawn
#countonCashCo
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