How to Deal with Stress in a Financial Emergency

October 22, 2020 | Mason Roberts

 

 Stress management for title loans.

 

Do you know why financial emergencies are often more stressful than any other type of emergency? It’s because there’s usually more uncertainty involved. When you’re in a situation where you desperately need cash that you do not have, that leads to stress, anxiety, and panic. Of course, we all know that panicking isn’t a productive way to handle things. But a lot of it is subconscious and hard to control.

Before you figure out how to solve your financial emergency, you’ll first need to deal with the stress. After all, you can only tackle your financial problems with a clear head, don’t you think? So, here are four ways to deal with the stress in a financial emergency, and here’s how you can gain back your financial security without searching for title loans near me. Let’s get started.

Breathe, Eat, and Drink

First and foremost, you’ve got to breathe. No, really. Sit down somewhere quiet, and just take in a few deep breaths. That in itself should help your body calm down just a little bit; just enough for you to figure out your next step. Next, think to yourself: when was the last time you had a proper meal?

The odds are that if you’re stressing about a financial emergency, you may have forgotten to eat or drink when you were supposed to. That, believe it or not, adds to the stress of the situation. Sure, this might sound like unconventional advice when talking about money. Still, as mentioned before, you need a clear head before you can tackle your financial problems. So, get back to basics and breathe deeply, have a bite to eat, and drink a little water. That’ll calm your body down significantly.

Talk to a Friend

Next, you’ll want to talk to a friend. At a minimum, you’ll need to speak to someone like a friend or trusted family member who will listen to what you have to say. You see, when we face financial emergencies, it’s very easy for us to feel like we’re all alone in the world. So, talking to someone we trust is a great way to fight that feeling.

Of course, it would be much better if you could talk to someone who has been in the same situation before. People like that will be able to help you calm down and provide you with helpful advice.

Write Everything Down

Never underestimate the power of writing things down on paper to put everything into perspective. In a financial emergency, that’s when you’ll need to write down a budget, assuming you don’t have one already. The silver lining in financial crises is that you can measure it with numbers, literally in dollars and cents. Take a piece of paper and write down exactly how much you need, and by what deadline you’ll need to have the money.

Doing this might help you calm down because you’ll be able to see if your stress and panic is proportionate with the cost of the financial emergency. You may realize that the crisis isn’t as unmanageable as you thought it was.

Find Quick Cash

Once your head is clear, and you’re calm and collected, now comes the time for action. In a financial emergency, you need cash, and you need it quickly. There are two things you should remember in this situation.

Firstly, you must remember that every dollar counts, no matter how small. Second, as long as you do it honestly, there is no shame in making money in whatever way you have to. Now’s the time to use every trick in the book. Have a garage sale to sell old stuff, or walk your neighbor’s dog if it pays. But of course, don’t forget to make the most of financial instruments that can give you quick cash exactly when you need it. A perfect example is title loans.

 

 Man using title loan.

 

How Title Loans Can Help In Financial Emergencies

Title loans, or car title loans, are a short-term loan option that allows you to leverage the title of your vehicle in order to secure up to $10,000 in emergency cash. They are especially beneficial during financial emergencies where you have exhausted other options available to you and still need more financial support.

They’re fast, easy to apply for, and you only need to provide a few pieces of information in order to secure the funds you need, which includes:

  • Your driver’s license
  • The title to your vehicle
  • A blank check to a bank account in your name for the direct deposit
  • Your car for inspection

Because car title loans are based on the value of your title, your credit score doesn’t matter when your representative is determining your eligibility. We accept all credit – good, bad, or nonexistent. We understand that financial emergencies are stressful which is why we’ve created a straightforward application process that can be completed in as little as 30 minutes. If you find yourself wondering how you can secure title loans in Albuquerque, visit our homepage instead and start your application today.