7 Facts About Saving Money in 2025 with a Title Loan

Saving money is an essential step toward achieving financial stability, but with the rising cost of living, it's easy to feel overwhelmed. In fact, 58% of Americans have less than $5,000 in savings, and 42% have under $1,000. With these challenges, building a robust savings account becomes crucial.

In this article, we’ll dive into seven basic facts about financial stability and saving money, and explore how title loan assistance can be a vital tool when facing unexpected financial emergencies.

How To Save Money In 2025

Learn how to save money in 2025 with the money-saving tips listed below. Also, find out how to include emergency savings and retirement planning into these budgeting tips to help achieve the financial stability you need.

1. Increase Savings by Cutting Unnecessary Spending

Yes, taking savings out of a regular income stream is probably the easiest approach to put into play, especially if the savings are automated. But a doubly beneficial approach — and one of our top money-saving tips — is that you can find ways to increase your savings and reduce spending.

Look through your budget for areas to cut back on, probably in the “wants” section of your list of expenditures, and use that money instead to strengthen your savings account and wealth, especially in an emergency fund. This approach not only has benefits, but also prepares you for any unforeseen circumstances that can cause even more debt, like urgent medical bills or home repairs. For situations where immediate cash is required, a title loan can bridge the gap until your savings catch up.

2. Most Americans Have Less Savings Than They Need

The average American household has fewer savings than they need to live comfortably after job retirement, cover an emergency expense, or make up for losses that occur through unemployment. According to one survey, 45% of Americans say they have no money saved.

In case of sudden financial stress, building savings in an emergency is important, but if you haven’t prioritized a plan to save, a title loan could provide fast relief, allowing you the resources to handle emergencies without derailing your savings plan.

3. Prioritize Retirement Savings Plans

One fact about saving money that has not changed over time is the importance of retirement plans. Next to traditional savings accounts, retirement planning is the most common form of savings in America. Those who have an investment in a 401(k) (about 54%) tend to have a lot in them. The average is about $106,000.

However, if you face immediate financial trouble and need fast cash, a title loan might be a good short-term solution to avoid dipping into retirement plan savings prematurely.

4. Young Adults Have the Least Savings

By the time the average person hits 35, they’re most likely to have savings of around $3,500, far less than other age groups, such as those 35-44 years old ($4,700) and 45 to 54 years old (6,300). Those with the highest average savings are people over 75 with an average of $9,300 in savings.

For younger adults just starting, unexpected expenses can be more disruptive. In such cases, a title loan can help cover costs without depleting your limited savings or creating more debt with credit cards.

5. Explore Different Types of Savings Accounts

While savings accounts, retirement plans, and other investments are more popular, one of the most overlooked money-saving tips is that other forms of savings may be better for your current financial needs and future goals. Often, savings accounts that are online have better interest rates.

Another possibility is a money market account, which can also be used as a checking account and is often about double a traditional savings account’s interest rate. The drawback is a relatively high minimum deposit, usually in the $1,000 range, that’s required to open the account. 

If you haven’t adopted the pay yourself first method or started building savings in an emergency, and need immediate cash, a title loan is an efficient way to access funds, especially if you haven’t built a substantial emergency savings in your accounts.

6. Savings Are A Key To Financial Freedom

This is one of the facts about saving money that you should always keep in mind. Even if your financial goals, at the moment, do not include saving up for major purchases, maintaining a savings account and an emergency fund now will be highly beneficial later.

You may have children and need to pay for their education. You may need to move and look for a new apartment or home. You may want to get a new car. Without savings, you won’t have the financial flexibility you crave.

7. Save 10%-20% of Your Income, If Possible

While there isn’t a one-size-fits-all number to save each month, it’s generally advised to save between 10% and 20% of your income if possible, and work it into your budget. If not, saving anything — even just $50 or $100 a month — is preferred to not saving anything at all.

How Title Loans Can Help In Emergencies

A title loan can be a valuable resource if you face a financial emergency, such as unexpected medical bills or urgent repairs. Texas Car Title and Payday Loan Services, Inc. offers title loans up to $15,000, with a simple application process that can be completed in as little as 30 minutes. The process includes a quick vehicle inspection during an in-person meeting at one of our store locations, and funds can be received the same day or the following business day.

If you don’t have the time or availability to visit a store nearby, you can request an online title loan, and a loan representative will come to you to complete the application process.

Requirements For A Title Loan

Unlike traditional bank loans that require a strict approval process, title loans are fast and accessible financial resources that only require a few simple items to qualify, and because this fast cash loan option is secured by collateral, the lenders approval is not based on your credit score. In fact, we welcome all credit to apply. So, whether you have good, bad, or nonexistent credit, you can still qualify.

The required items needed to qualify for cash using your car title are:

• Your driver's license or state-issued photo ID.
• A lien-free vehicle title in your name.
• The matching vehicle for a quick inspection.
• Proof of income in the form of your most recent pay stub.

As a quick overview, if you can gather the above-mentioned items, you have everything you need to apply for quick cash title loans to aid in your financial emergency today! 

 Get Started On Your Car Title Loan Today!

Saving money should always be a priority if it’s possible. But if it hasn’t been a priority in the past and you’ve encountered a financial emergency, consider a title loan for fast, convenient assistance.

To get started today, visit our website to access our online inquiry form, give us a call, or visit one of our locations near you. Our Texas Car Title and Payday Loan Services, Inc. representatives are waiting to help you 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.