Even Small Expenses Can Lead To A Car Title Loan

Even Small Expenses Can Lead To A Car Title Loan

When you’re struggling to pay off a car title loan, even small expenses will seem like a big deal. However, many people don’t think about the cost of those small expenses until they are faced with a car title loan.

When we have some cash in our pockets or our purses, it doesn’t seem like a big deal to spend a few dollars here or there. However, when that spending becomes common or even routine, those small costs can add up quickly.

One of the biggest habits of American consumers is coffee, especially premium or gourmet coffee. Many people stop at their local coffee shop for a pick-me-up on the way to work each day.

If you spend $4 for a latte once in a while for a treat, that’s no big deal. However, if you do it every workday all year long, that can add up quickly and would cost you over $1,000. If it forces you to take out a car title loan, it would cost you a lot more in interest payments.

Another common small expense is fast food. Many people love to grab some takeout to avoid the inconvenience of making a meal at home after a day of work. However, if you spend an extra $30 a week on takeout (this would be the difference between the cost of takeout and eating at home), then this would cost over $1,500 over the course of a year.

Many people also buy their lunch instead of taking a lunch with them to work. Even if they only spent $5 a day extra over the cost of brown bagging it, it would still cost them $1,300 a year.

Using your car unnecessarily can force you into a car title loan

Sometimes we take on expenses without even realizing it, or at least acknowledging it. If you routinely go to a store just a couple blocks away and you drive instead of walk, that can lead to a lot of extra expense over the course of a year. However, you may not think about it because you don’t have to add gas to the car anytime you want to use it.

Of course, one of the most expensive vices to have is smoking. This is probably the most difficult habit to get rid of because of the addictive qualities of nicotine, but if you spent $35 a week on your smoking habit, that would cost you over $1800 a year. And that’s just the cost of cigarettes.

If you factor in health care costs and the cost of removing the smell of cigarette smoke from clothes, the costs would rise considerably. If you also take into account how it affects your health, stains your teeth and offends people around you, it would seem like there are plenty of reasons to quit.

This does not mean that you have to give up every single little pleasure in your life all the time. What you really need to do is determine your priorities and figure out what would make you and your family the happiest for the smallest cost. If you’re smart about it, you can find the best way to find pleasure in life and still avoid a car title loan.

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