Unexpected expenses can happen at any time, creating stress that may throw off your budget or financial goals. Urgent car repairs, medical bills, home repairs, large utility bills, and other immediate financial needs might have you considering a short-term loan. Depending on your state, you can apply in person or online and, if approved, get cash as soon as you need it.

What is a short-term loan?

A short-term loan is a personal loan that is repaid over a relatively short period of time. Depending on the loan type, repayment may be due in one payment on your next payday or through substantially equal, regularly scheduled payments over the life of the loan. Depending on the state, some lenders offer short-term loans like payday loans, installment loans, and title loans, to provide options that may fit your needs. Before applying, review the APR, fees, repayment schedule, and total cost of the loan to determine whether it is appropriate for your financial situation.

If your application is approved, you may have a few options for receiving your funds. Funding timelines vary by lender, and funds may be available as soon as the same day or by the next business day.

What types of short-term loans are available at ACE?

ACE Cash Express offers three types of short-term loans: payday loans, installment loans, and title loans. Applying for any of these short-term loans is simple, and you will receive a quick decision.¹ If approved, the amount you can borrow depends on several factors, including your state, the type of loan, and your income.¹

Payday Loans

Payday loans, sometimes called cash advances, provide quick cash for urgent financial needs if you are approved. Repayment of the full balance is usually due on your next payday. When you need immediate access to a small amount of money and can repay your loan in a single payment, this may be a good option. Payday loans are often used for:

• Short-term emergencies, such as car repairs or medical bills.
• Utilities, such as an electric or water bill.

Installment Loans

Compared to payday loans, installment loans are designed to give you more time to repay the loan amount.² If you are approved, you pay back your loan in substantially equal, regularly scheduled payments over the life of the loan. When you need access to money with more time to repay, this may be a good option. Installment loans are often used for:

• Short-term emergencies, such as urgent care visits.
• Unexpected repairs, such as a broken appliance.

Title Loans

Title loans are a type of secured loan in which a vehicle title serves as collateral for the loan amount. ACE offers title loans in-store in Arizona, Oregon, and Texas (not offered in Austin, Dallas, or Fort Worth). Title loans are often used for:

• Higher-cost unexpected expenses, such as major car repairs or replacing a household appliance.

How do I apply for a short-term loan at ACE?

Anyone can apply for a short-term loan at ACE, either online or in-store, where available, and get a quick decision.¹

Apply at an ACE Store

1. Find a location near you and see if the store offers loans.
2. Fill out an application.¹
3. Receive a quick decision.¹
4. If approved, review and sign the loan documents and walk out with cash in hand.¹

Apply Through the ACE Website

1. Access the online payday loan application or online installment loan application on your computer or mobile device.
2. Submit your information accurately. It takes only a few minutes to complete the application.¹
3. After you apply, you’ll get a quick decision.¹
4. If approved, review and sign the loan documents.

How will I receive my funds from an online loan at ACE?

If approved and eligible, you may qualify for instant funding to a debit card, our quickest way to receive your loan proceeds.³ You may also choose to have the funds deposited into your bank account the next business day,⁴ or if eligible, visit a local ACE store to get same-day cash pick-up.¹

What if I want to cancel my loan at ACE?

Every loan at ACE comes with a satisfaction guarantee cancellation period. ACE does not charge a fee to apply.

Most ACE loan products may be canceled within 72 hours of receiving your funds. Certain loan products offered in Arizona, Florida, Louisiana, Ohio, Oregon, and Virginia, provide a cancellation period until the close of business on the third business day after you receive your funds. Simply return the principal amount borrowed and pay nothing more.

Please refer to your loan agreement for the cancellation period and instructions that apply to your loan.

ACE Short-Term Loans FAQs

Can I get a same-day cash loan at ACE?

If you are approved for a short-term loan, you may be eligible for instant funding to a debit card,³ or you may be eligible to visit a local ACE store for same-day cash pickup.¹ ACE is committed to helping you get the cash you need as quickly as possible.

What’s the difference between an installment loan and a payday loan?

An installment loan is a short-term personal loan that allows you more time to repay than a traditional payday loan. Installment loans allow you to repay the loan in scheduled payments (installments) that are substantially equal in amount. Payday loans are typically due in full with your next paycheck.

Will applying for a loan online with ACE hurt my credit?

There is no FICO^® Score impact when applying for a loan with ACE. ACE may obtain information from a non-traditional consumer reporting agency, and the inquiry may affect your overall credit profile with the applicable agency, but it will not impact your FICO^® Score.^†

Is there any cost to apply for an online loan at ACE?

No. You will not be charged to apply for an online loan at ACE, whether or not you are approved.

Can I pay my loan off early?

Yes, you may pay off your loan early. There are no early repayment penalties for ACE loans. Depending on your loan type, paying off your loan early may save you on interest and fees. Please refer to your loan agreement for details. There are no early repayment penalties with ACE loans.

Will applying for a loan trigger unwanted spam calls?

No. ACE does not sell your personal information. You can trust that after applying for a loan with ACE that were will be no spam or no unwanted third-party marketing calls, ever.

This blog is not intended to provide any tax, legal, financial planning, insurance, accounting, investment, or any other kind of professional advice or services. To make sure that any information or suggestions in this blog fit your particular circumstances, you should consult with an appropriate tax or legal professional before taking action based on any suggestions or information that we provide.

Disclaimers:

^†Applying will not affect your FICO^® Score. ACE Cash Express may obtain information from a non-traditional consumer reporting agency and the inquiry may affect your overall credit profile with the applicable agency, but it will not impact your FICO Score.

1. All loans subject to approval pursuant to standard underwriting criteria. Rates and terms will vary depending upon the state where you reside. Not all consumers will qualify for a loan or for the maximum loan amount. Terms and conditions apply. Loans should be used for short-term financial needs only, and not as a long-term solution. Customers with credit difficulties should seek credit counseling. For online loans, approval and funding may require verification of application information. Depending on ability to verify this information, loan funding may be extended up to two days. In-store cash pickup of online loans is subject to approval pursuant to standard underwriting criteria and only available at ACE Cash Express locations in the state where you originated your loan. In-store cash pickup of online loans not available in all states. In-store cash pickup of online loans requires valid, non-temporary government-issued identification. Online and in-store loans not available in all states. Populus Financial Group, Inc. is licensed by the Department of Financial Protection and Innovation pursuant to Financial Code Section 23005(a) of the California Deferred Deposit Transaction Law. Populus Financial Group, Inc., 300 E. John Carpenter Fwy, Ste. 900, Irving, Texas, 75062, ST.760164.000. Loans in Texas arranged by ACE Credit Access LLC and made by, and subject to the approval of, an unaffiliated third-party lender. Populus Financial Group, Inc. is licensed by the Virginia State Corporation Commission, PL-115.

2. Installment loans are intended for customers who need more time to pay off their loan than provided by a single-payment payday loan. Individual payment amounts for an installment loan are smaller when compared to the single-payment payday loan for the same loan amount. The total sum of payments for an installment loan will be higher than a single-payment payday loan if you pay off the installment loan according to the payment schedule set forth in the associated loan agreement.

3. If you are approved for the instant funding option and you select that option, your loan proceeds may be available within 30 minutes of loan approval and verification, or funding could take up to 4 hours. Funding times vary based on your bank.

4. If approved by 6 p.m. CT on Monday - Friday for weekend applications, and by 2 p.m. CT on Sunday for weekend applications, you will generally receive the funds the next business day. On banking holidays, your funds will be delayed until the next banking business day. For example, if Monday is a banking holiday, then you will not receive your funds until Tuesday.

Our credit or credit services decision on your application may be based in whole or in part on information obtained from a consumer reporting agency, including, but not limited to, Clarity Services, Inc., FactorTrust, Inc., and/or LexisNexis. The inquiry may affect your overall credit profile with the applicable agency, but it will not impact your FICO Score.

Car repairs, medical expenses, and home repairs don’t wait for you to be ready. Unexpected expenses can come up at any time, and you may need help covering them in the short term. An installment loan may be a good option in a financial emergency.

Let’s take a closer look at what installment loans are, how they work, when you might consider applying for one, and how to apply for an installment loan at ACE Cash Express.

What is an installment loan and how does it work?

An installment loan is a short-term personal loan that can be used to help cover immediate expenses, such as medical bills, car repairs, or home repairs, if approved. If you qualify for a short-term installment loan, you will need to repay the loan in a series of payments, all substantially equal in amount. You can also make these payments early or pay the loan off completely in advance to potentially save on interest and fees.

Loan amounts you can apply for will vary by state. Installment lenders may offer online loans, in-store loans, or both, depending on your state. Not all states offer installment loans that may fit your needs, and your eligibility may depend on where you live. To apply for an installment loan, follow these steps.

1. Find a reputable lender near you or online that operates in your state.
2. Complete an installment loan application. Be ready to provide proof of your identity and sources of income, along with any other documents the lender requires.
3. Submit your application.
4. If you’re approved, choose how you want to receive your funds. Depending on the lender, you could get your cash either that same day or the next business day.

Licensed lenders offer personal loans that follow state-specific rules. The lender will set the loan repayment schedule and terms during the loan origination process. Pay close attention to the details of the loan agreement before you sign. If you need help understanding the terms and fees, ask the lender questions.

When might I consider an installment loan?

While borrowers may choose to apply for an installment loan for many reasons, financial emergencies are the most common scenario. If you have an unexpected expense – such as a car repair, emergency medical bills, or urgent utilities due – and you don’t have the money, an installment loan may help cover the expense in the meantime. You may also consider an installment loan if you need more time to repay the loan to better fit your budget.

What are some benefits of an installment loan?

Installment loans offer various benefits to consider when dealing with urgent financial needs, such as:

• The flexibility to repay the loan over time instead of all at once
• A predictable payment schedule
• Higher loan amounts than other short-term loan options are also possible

Be sure to consider all aspects of an installment loan and the lender’s terms.

How to apply for an installment loan at ACE Cash Express

Anyone can apply for an installment loan at ACE Cash Express – either online or in-store, where available – and get a quick decision.¹ ACE does not charge an application fee and offers a satisfaction guarantee cancellation period - if you change your mind about your installment loan, just return the principal within 72 hours of the loan origination and pay nothing more. In Arizona, Florida, Ohio, and Virginia, you have until the close of business on the third business day after receiving your funds to return the principal and pay nothing more. For example, if you take out a loan on Monday, you have until the close of business on Thursday to cancel your loan.

With our streamlined application process, a few pieces of information are all you need to start your loan application. Depending on your state, you can apply for an installment loan online or in person at an ACE store.

To apply for an installment loan online, follow these steps:

1. Complete the installment loan application in just a few minutes
2. Receive an instant decision¹
3. If approved, have your loan proceeds instantly delivered to your debit card, if eligible,² or direct deposited to your bank account by the next business day,³ or depending on your state and if eligible, pick up cash at a store near you!¹

Online installment loans at ACE are available in Delaware, Florida, Missouri, and Texas.

To apply for an installment loan in-store, follow these steps:

1. Use the Store Locator to find a store near you and apply in person
2. Receive an instant loan decision¹
3. If approved, walk out with cash in hand!¹

In-store installment loans at ACE are available in Florida, Missouri, Ohio, Oklahoma, Texas (not available in Austin or Dallas), and Virginia.

How much money can I borrow with an installment loan at ACE?

If you are approved, the loan amount you receive depends on your state of residence, your income, and our standard underwriting criteria.¹ ACE offers installment loans within these ranges in the following states:

• Delaware (online): $100 - $2,000
• Florida (in-store and online): $100 - $1,000
• Missouri (in-store and online): $100 - $2,500
• Ohio: (in-store) $100 - $1,000
• Oklahoma: (in-store) $50 - $1,100
• Texas (in-store - except in Dallas and Austin - and online): $100 - $3,500
• Virginia (in-store): $100 - $1,100

Are there other personal loan alternatives to installment loans?

Yes! There are other personal loan alternatives to installment loans. You might consider a payday loan if that product is available in your state. A payday loan is a short-term personal loan that a borrower repays in full the next time they get paid, while an installment loan is repaid over time through scheduled payments.

While both types of loans may be used for short-term financial needs, the main difference is that you repay a payday loan all at once, rather than over time as you do with an installment loan.⁴

Installment Loans FAQs

When will the installment loan be due?

Installment loan payments are typically due on consecutive pay dates. For example, if you are paid bi-weekly, your due dates will fall on your payday every two weeks. The number of payments and the loan term (length) will vary depending on your pay frequency. If approved, please refer to your loan agreement for exact payment amounts, scheduled due dates, and applicable finance charges.

Oklahoma consumers: Please visit your local store for information about the number of payments and the loan terms.

What’s the difference between an installment loan and a payday loan at ACE?

An installment loan is a short-term personal loan that allows you more time to repay than a traditional payday loan.⁴ Installment loans at ACE allow you to repay the loan in scheduled payments (installments) that are substantially equal in amount, while a payday loan is repaid in full on your next payday. At ACE, you can choose to repay an installment loan early without penalty, which may save you money on interest and fees, where applicable.

Do I need to be employed to get an installment loan at ACE?

You do not need to be employed, but you must have a steady source of recurring income. Depending on your state and the type of loan, you may need to provide a bank statement, pay stub, or benefits statement.

Does applying for an installment loan at ACE affect your credit score?

Applying for an installment loan at ACE does not affect your FICO^® Score, although it may impact your overall credit profile with non-traditional consumer reporting agencies.

This blog is not intended to provide any tax, legal, financial planning, insurance, accounting, investment, or any other kind of professional advice or services. To make sure that any information or suggestions in this blog fit your particular circumstances, you should consult with an appropriate tax or legal professional before taking action based on any suggestions or information that we provide.

Sources:

Maverik, J. B. “How Installment Loans Work — and Are They Right for You.” Personal Finance, Investopedia, Feb. 27, 2023. https://www.investopedia.com/articles/personal-finance/072316/how-installment-loans-work.asp.

Disclaimers:

† Applying will not affect your FICO^® Score. ACE Cash Express may obtain information from a non-traditional consumer reporting agency and the inquiry may affect your overall credit profile with the applicable agency, but it will not impact your FICO Score.

1. All loans subject to approval pursuant to standard underwriting criteria. Rates and terms will vary depending upon the state where you reside. Not all consumers will qualify for a loan or for the maximum loan amount. Terms and conditions apply. Loans should be used for short-term financial needs only, and not as a long-term solution. Customers with credit difficulties should seek credit counseling. Populus Financial Group, Inc., 300 E. John Carpenter Fwy, Ste. 900, Irving, Texas, 75062, ST.760164.000. Loans in Texas arranged by ACE Credit Access LLC or ACE Credit Services, LLC and made by, and subject to the approval of, an unaffiliated third-party lender. Populus Financial Group, Inc. is licensed by the Virginia State Corporation Commission, PL-115. For approved in-store loans, you will receive funds immediately. For online loans, approval and funding may require verification of application information. Depending on ability to verify this information, loan funding may be extended up to two days. In-store cash pickup of online loans is subject to approval pursuant to standard underwriting criteria and only available at ACE Cash Express locations in the state where you originated your loan. In-store cash pickup of online loans not available in all states. In-store cash pickup of online loans requires valid, non-temporary government-issued identification. Online loans not available in all states.

2. If you are approved for the instant funding option and you select that option, your loan proceeds may be available within 30 minutes of loan approval and verification, or funding could take up to 4 hours. Funding times vary based on your bank.

3. If approved by 6 p.m. CT on Monday - Friday for weekend applications, and by 2 p.m. CT on Sunday for weekend applications, you will generally receive the funds the next business day. On banking holidays, your funds will be delayed until the next banking business day. For example, if Monday is a banking holiday, then you will not receive your funds until Tuesday.

4. Individual payment amounts for an installment loan are smaller when compared to the single-payment payday loan for the same loan amount. The total sum of payments for an installment loan will be higher than a single-payment payday loan if you pay off the installment loan according to the payment schedule set forth in the associated loan agreement.

Our credit or credit services decision on your application may be based in whole or in part on information obtained from a consumer reporting agency, including, but not limited to, Clarity Services, Inc., FactorTrust, Inc., and/or LexisNexis. The inquiry may affect your overall credit profile with the applicable agency, but it will not impact your FICO Score.

At ACE Cash Express, every consumer interaction matters. That’s why we’re proud to celebrate a major milestone: reaching more than 400,000 Google Reviews from our consumers nationwide as of May 2026.

Behind every review is a real consumer experience, whether it’s a quick transaction, a helpful conversation, or a team member who went above and beyond to help someone feel supported. We’re grateful to everyone who has taken the time to share feedback, because all reviews help us to improve the service we provide.

As we celebrate this milestone, let’s take a look at why consumers trust ACE with their financial service needs and hear from the teams that made this possible.

Who Is ACE Cash Express?

For over five decades, ACE Cash Express has offered a broad range of financial products and services, including short-term loans, card services, check cashing, money transfers, bill payments, and money orders. With stores in 22 states and the District of Columbia, ACE offers flexible money management options for those who may or may not use a traditional bank account. We’re here to help you create a better financial future.

What Financial Services Does ACE Offer?

ACE provides a variety of quality financial services designed to help you manage everyday financial needs quickly and conveniently.

Need cash fast? Short-term loans may help in a crunch if you are approved.¹ At ACE, these include:

• Payday loans
• Installment loans
• Title loans

Loans vary by state,¹ so be sure to check out our loans page to see what options are available in your area.

In addition to loans, ACE offers card products and money services that include:

• Check cashing
• Money orders
• Money transfers
• Bill payment
• ATM services

With longer business hours than many traditional banks, ACE provides access to financial services at times that work best for your schedule.

What Our Consumers Are Saying

Consumers nationwide have written thousands of reviews describing what makes ACE stand out. Their reviews describe friendly staff, fast service, professionalism, and employees who genuinely care about helping consumers.

“My experience at this location was very timely and the associate, Lecia, was very helpful. She worked fast – I was out of there in no time. Her customer service was awesome. Kudos to her!” (see all reviews for this store) – Colleen D., Pittsburgh, PA – 5/12/26

“I visited ACE today to cash my check. Harriett was the best! She was so sweet and very communicative with a lovely attitude!” (see all reviews for this store) – Jacarya J., Atlanta, GA – 5/12/26

“I came to find out how the loan process works. Christina was very professional and knew exactly what she was doing. She gave me excellent advice. I’ll be back!” (see all reviews for this store) – Jose C., Bradenton, FL – 5/12/26

“I always have a great experience at ACE. Anytime I have to cash a check … Tanika always acknowledges me by first name and makes me feel like family.” (see all reviews for this store) – Dante L., St. Louis, MO – 5/13/26

Recognizing Our Top ACE Stores

Reaching 400,000 Google Reviews would not be possible without the hard work and dedication of ACE team members nationwide. We’d like to recognize the following ACE Cash Express locations for ranking as the top three stores by review volume.

1. 3401 E Anaheim St, Long Beach, CA – 4.9 average rating, 2,206+ reviews
2. 3655 S Grand Blvd, St. Louis, MO – 4.9 average rating, 2,154+ reviews
3. 2798 Camp Creek Pkwy, College Park, GA – 4.9 average rating, 2,021+ reviews

These achievements show ACE employees’ unwavering commitment to serve consumers every day.

Hear From Our ACE Superstars

Behind every review is a team member who helped make someone’s day a little easier. From greeting consumers with a smile to providing fast and helpful service, ACE employees are the reason so many share positive feedback online.

“I want to be treated like family, so I treat my consumers like family,” said Store Manager Danielle C.

For many, that personal connection is what keeps them coming back. Face-to-face interactions tend to create a welcoming environment where consumers feel heard, respected, and supported. 

“We have personal, one-on-one interactions with consumers,” said Store Manager Lawrence W. “Every concern is addressed face-to-face.”

District Manager Juan T. believes strong teamwork plays a major role in creating positive consumer experiences. 

“I enjoy mentoring employees, helping them grow professionally, and creating a positive team environment where everyone feels motivated and supported,” he said. “It’s especially rewarding to see our teams come together to provide exceptional customer service and help consumers during important financial moments in their lives.” 

Thank You for 400K Google Reviews!

We greatly appreciate every consumer who has visited an ACE store, trusted us with their financial service needs, and written a review. Want to see Google ratings or share your experience? Find an ACE store near you, choose a location from the results, and then select the “Reviews” tab.

Disclaimers

1. All loans subject to approval pursuant to standard underwriting criteria. Rates and terms will vary depending upon the state where you reside. Not all consumers will qualify for a loan or for the maximum loan amount. Terms and conditions apply. Loans should be used for short-term financial needs only, and not as a long-term solution. Customers with credit difficulties should seek credit counseling. For online loans, approval and funding may require verification of application information. Depending on ability to verify this information, loan funding may be extended up to two days. In-store cash pickup of online loans is subject to approval pursuant to standard underwriting criteria and only available at ACE Cash Express locations in the state where you originated your loan. In-store cash pickup of online loans not available in all states. In-store cash pickup of online loans requires valid, non-temporary government-issued identification. Online and in-store loans not available in all states. Populus Financial Group, Inc. is licensed by the Department of Financial Protection and Innovation pursuant to Financial Code Section 23005(a) of the California Deferred Deposit Transaction Law. Populus Financial Group, Inc., 300 E. John Carpenter Fwy, Ste. 900, Irving, Texas, 75062, ST.760164.000. Loans in Texas arranged by ACE Credit Access LLC or ACE Credit Services, LLC and made by, and subject to the approval of, an unaffiliated third-party lender. Populus Financial Group, Inc. is licensed by the Virginia State Corporation Commission, PL-115.

Managing your money doesn’t have to be complicated. With the right budgeting strategies, you can build a financial cushion for life’s ups and downs, whether it’s a planned vacation or an unexpected expense.

Making your money go further comes down to two key habits: finding ways to spend less and budgeting smarter. By improving your planning, cutting unnecessary costs, and thinking ahead, you can reduce financial stress and make the most of every dollar you earn.

Getting started is a lot easier than you might think. Budgeting doesn’t require complicated systems or special tools — just a few simple, consistent changes to your financial habits can make a big difference.

Why Is Budgeting Important?

Unplanned expenses like car repairs, medical bills, back-to-school shopping, and major life events can impact your finances. A budget helps you stay prepared and in control when those moments arise.

What Is a Budget?

A budget is a plan for how you allocate your money between spending and savings. It’s a tool that helps you avoid unnecessary spending and stay focused on your financial goals.

With a budget, you can clearly see:

• Where your money is going
• How much you can realistically save
• What expenses should be prioritized
• Where you may be overspending

Get Started with a 3-Step Budgeting Method

If your finances feel unpredictable, this simple structure can help you regain control.

Step 1: Map Out Your Bills

Start by listing all your regular monthly expenses, including:

• Rent or mortgage
• Utilities
• Insurance
• Subscriptions
• Debt payments

When budgeting, it’s important to cover your essential expenses first. These include food, utilities, shelter, and transportation. Track due dates so you can know exactly when money needs to be available. You can use a spreadsheet, a budgeting app, a calendar, or even just a pen and paper for a more visual approach.

Step 2: Plan for Unexpected Expenses

Not all types of expenses are equal every month. Costs like car repairs, medical bills, gifts, and seasonal spending (like holidays, back-to-school, travel, etc.) can easily throw off your budget if you’re not prepared.

If you know you have a specific event or scheduled appointment on a certain day, add it to your calendar. Be proactive about anticipated costs so you can better manage each paycheck.

Step 3: Put Yourself on a Payment Plan

One of the most effective budgeting strategies is breaking large expenses into smaller, manageable amounts. Using budgeting tools or apps can boost your ability to manage and track these payments effectively.

For example, let’s say you get paid bi-weekly. You look ahead at your expense calendar and see that you have one major expense and several smaller bills. Plan to allocate funds to cover the smaller bills first. Then, plan to set aside a portion of your checks toward the major expense.

Rather than waiting and anticipating paying for a major expense all at once, you can put your money into a designated savings account for major expenses and still keep your budget open for other minor expenses.

What If You Have a Fluctuating Income?

If your income changes from month to month, like freelancers, contract workers, or commission-based roles, budgeting can feel more challenging. But it’s still very achievable with the right approach.

The key is to build your budget around consistency. Here are a few tips to keep in mind when budgeting with a fluctuating monthly income.

Find Your Baseline Income

Look at your past earnings and calculate your total income from all sources to identify your lowest typical monthly income. Include tips, commissions, side gigs, and irregular work if applicable.

After you estimate your minimum monthly income, build your budget around that number to ensure your essential expenses are always covered, even in slower months. During more profitable months, you can put more money away in savings.

Define Your Fixed and Flexible Expenses

Make a list of all your bills and note which are fixed expenses and which are flexible.

Fixed expenses stay the same. These might include:

• Rent or mortgage
• Insurance
• Daycare costs
• Fixed utility bills (like phone or internet)

Flexible expenses are costs that can change month to month, such as:

• Groceries
• Varied utility bills (like water and gas)
• Dining out
• Entertainment

In tighter months, variable expenses are where you can scale back. Identifying needs versus wants in these categories can help you trim unnecessary expenses and better control your overall spending.

Use Higher-Income Months Strategically

When you earn more than your minimum monthly income, use it as an opportunity to save rather than to spend more. Take some time to plan for higher-income months. Otherwise, you may end up overspending on extra purchases.

A helpful approach is to “pay yourself first.” Set aside savings as soon as you receive extra money, before allocating funds to other expenses. You should also be mindful of your financial goals and consider:

• Building an emergency fund
• Paying down debt
• Catching up on bills
• Saving for future expenses

How to Stick to Your Budget

It’s easy to create a budget that sets you up for success, but ensuring it runs smoothly requires regular check-ins and adjustments.

Like any habit, consistency matters more than perfection. Focus on small, realistic adjustments rather than strict rules. Here are a few tips for staying on track:

• Use a system that works for you. Track your spending with your preferred budgeting method or tool and adjust as needed.
• Review your budget regularly. Set aside time each month to check in, adjust, and stay aware of your spending. If you share finances, make it a habit to review your budget and track shared expenses with your spouse or partner to maintain financial harmony.
• Set SMART savings goals. Make your savings goals Specific, Measurable, Achievable, Relevant, and Time-Bound to give your financial planning clarity and focus.
• Treat savings as a recurring expense. Incorporate savings into your monthly budget as a regular expense to help ensure you consistently set aside money toward your goals.
• Automate when possible. Some bank apps allow you to set up automatic transfers to savings accounts. Having a schedule can help you stay consistent without extra effort.

Even with careful planning, unexpected expenses can still happen. Having a budget in place helps you stay prepared, but sometimes you may need additional support to cover urgent costs.

In those situations, short-term financial solutions can help bridge the gap while you get back on track. ACE Cash Express offers fast access to funds so you can handle unexpected expenses and continue working toward your financial goals. Find an ACE store near you to see what’s available in your state.

Budgeting FAQs

What expenses should I budget for first?

You should budget for your essential expenses first (food, utilities, shelter, transportation) before budgeting for other necessities and fun.

How much of my budget should go into savings each month?

It depends. Are you trying to bulk up your emergency fund? Do you have debts to pay off? Do you have kids and need to save for college? Consider all your savings goals to figure out how much of your budget can be allocated to savings.

What if I go over my budget?

If you overspend in a category, that’s okay! Scale back somewhere else, like a flexible expense, to keep your budget balanced. Next month, update that category based on what you learned from your spending habits.

How do I budget if I live paycheck to paycheck?

Different people have unique financial situations, so tailor your budgeting approach to fit your needs. Start by understanding how much money comes in and goes out each month. Identify costs that can be reduced or eliminated entirely and take a closer look at your routine spending habits. Look for ways to increase your take-home pay, such as taking on additional hours or moving to a position with higher compensation.

This blog is not intended to provide any tax, legal, financial planning, insurance, accounting, investment, or any other kind of professional advice or services. To make sure that any information or suggestions in this blog fit your particular circumstances, you should consult with an appropriate tax or legal professional before taking action based on any suggestions or information that we provide.

Sources:

Northwestern University. “Budgeting: Financial Wellness.” Accessed April 23, 2026. https://www.northwestern.edu/financial-wellness/money-101/budgeting.html.

Comerica. “How to Create a Budget When Your Income Fluctuates.” April 29, 2020. https://www.comerica.com/insights/personal/money-and-credit/budget-if-your-income-fluctuates.html.

Snider, Susannah. “How to Make a Budget – and Stick to It.” U.S. News & World Report, Sept. 3, 2025. https://money.usnews.com/money/personal-finance/saving-and-budgeting/articles/how-to-make-a-budget-and-stick-to-it.

MetLife. “Tips to Stop Living Paycheck to Paycheck.” Feb. 10, 2026. https://www.metlife.com/stories/personal-finance/how-to-save-when-living-paycheck-to-paycheck/.

What would you do if you had to rebuild your life from the ground up?

Life can take unexpected turns. Starting over isn’t easy, but with the right support, it’s possible to regain stability and build a brighter future.

MenzFit is a nonprofit organization dedicated to helping men get jobs and become self-sufficient by preparing them for long-term employment and financial independence. Populus Financial Group, Inc., dba ACE Cash Express (Populus) proudly supports this mission by hosting financial literacy workshops and providing resources to help participants create stronger financial futures.

This Financial Literacy Month, we’re highlighting how Populus’s partnership with MenzFit equips individuals with the knowledge, tools, and confidence needed to achieve financial independence.

What Is MenzFit?

Founded in 2001, MenzFit has transformed the lives of underserved men as they achieve long-term employment and financial stability. Many clients come from veteran organizations, homeless shelters, or correctional facilities and are working to rebuild their lives.

MenzFit prepares these men for successful re-entry into the workforce through:

• Financial literacy education
• Career coaching and job readiness training
• Interview-appropriate clothing and professional attire
• Skills development and ongoing career support

Since its founding, MenzFit has supported more than 6,500 men in Washington, D.C., and Philadelphia as they transition into secure employment. After overcoming significant obstacles on their path to stability, many participants have gone on to become self-sufficient professionals and positive role models within their communities.

How Populus Promotes Financial Literacy

Populus has supported MenzFit since 2008, contributing more than $95,000 through the ACE Community Fund.

In 2025, Populus expanded that support by hosting its first financial literacy workshop with MenzFit in recognition of Financial Literacy Month. Populus designed the curriculum to provide practical financial knowledge that participants could immediately apply in their everyday lives.

“Populus’s financial literacy workshop was well-received by all attendees,” said MenzFit Founder Rhonda Willingham. “Participants said they learned how to put their financial future on a positive track and were impressed with the wealth of information offered.”

These four-hour workshops are tailored specifically to MenzFit clients. Regional Vice President Bee R., Senior Software Engineer Eloy G., and Public Affairs Manager Lauren W., all employees of Populus, helped lead this year’s workshop in Philadelphia.

The sessions cover essential financial topics such as:

• Budgeting and money management
• Banking basics
• Understanding credit and how to build it
• Balancing a checking account
• Taxes and financial planning

“The curriculum we use for MenzFit clients is structured,” said Eloy. “But if they ask a question that isn’t part of the curriculum, we answer with real-life scenarios, so they can walk out of the room with the understanding they need.”

Participants receive workbooks, educational materials, and one-on-one knowledge checks along the way. Despite varying levels of financial experience, attendees work together to support one another as they learn.

“There’s no judgment,” Eloy added. “Everyone’s trying to learn and better themselves, which is the goal.”

In addition to financial education, Populus also supports clients as they prepare for job opportunities. Through a generous donation, each workshop participant receives a business suit for interviews along with professional essentials (like dress socks, ties, pens, and other accessories) to help present themselves confidently in the workplace.

Expanding Financial Literacy Opportunities

At Populus, we believe access to financial education can open doors to opportunity. While the financial literacy workshops currently take place once a year in Philadelphia, overwhelmingly positive participant feedback has inspired plans to expand the program to other communities in the future.

For Bee, the impact of these classes is best reflected in the success stories that follow. A participant from last year’s workshop recently returned with exciting news: he’s now a homeowner!

“Following our spring 2025 class, he used the rest of the year to lock it in and was able to purchase his home in January,” Bee shared. “He took what we taught him last year and got that home.”

Stories like these highlight the importance of closing financial knowledge gaps that many underserved communities face.

“Once people have the knowledge they need, it changes what’s possible for them,” said Bee. “Not everyone gets that chance, so it means a lot to be part of an organization like Populus that’s helping close those gaps.”

The workshops have also drawn recognition from local leaders. During this year’s session, State Senator Sharif Street visited to thank the team for bringing financial education directly to the community.

“Too often, these communities are overlooked,” said Bee. “Showing up – taking the time to be present – made a meaningful difference to the people we served.”

And the impact of these classes goes beyond participants. It also deeply affects those leading the sessions.

By partnering with organizations like MenzFit, Populus empowers underserved communities and supports individuals as they move toward financial stability and long-term success.

It’s official: federal government payments have largely gone digital.

The Executive Order President Trump signed declaring the federal government will no longer produce paper checks became effective September 30, 2025, with limited exceptions. Instead, the Treasury Department is now issuing payments by electronic funds transfer (EFT).

If you receive government benefit payments by check, it’s time to switch to Direct Deposit at ACE and get your money up to five days sooner!¹ Here’s what you need to know about the federal change and why enrolling in Direct Deposit is the way to go.

Why the Federal Government Phased Out Paper Checks

According to the Executive Order, the primary reason the federal government largely phased out paper checks is to protect against financial fraud and improper payments, increase efficiency, reduce costs, and enhance the security of federal payments. U.S. government benefit payments and tax refunds are now processed with EFT methods and other digital payment options, with limited exceptions.

Examples of Government Benefit Payments That Went Digital

The shift to electronic payments applies to a range of government benefits. Some of the most widely used programs affected include:

• Social Security benefit payments (for retirement, disability, and survivors)
• Supplemental Security Income (SSI) payments
• Veterans Affairs benefit payments (for disability, pension, and educational assistance)
• Federal employee retirement payments

Get Your Government Benefit Payments Up to Five Days Faster¹

If you still receive government benefit payments by paper check, it’s time to set up Direct Deposit and get your payments up to five days faster.¹ With EFT, there’s no waiting for the mail. Once the Treasury Department processes your payment, it goes straight into your Direct Deposit account, giving you quicker access to your funds.¹ Visit an ACE store near you to learn more!

Benefits of Setting Up Direct Deposit

Just a few benefits to using Direct Deposit over paper checks are:

• Getting your money faster.* When you enroll in Direct Deposit at ACE, you could receive your government payments up to five days faster¹ than a paper check.
• Saving on check cashing fees. There is no fee to receive money into your Direct Deposit account.
• Having safer transactions. Paper checks can get lost in the mail, stolen, or misplaced. Meanwhile, electronic funds are transferred to your Direct Deposit account securely and reliably.

*Based on a comparison of Direct Deposit to a mailed paper check.

What People Say About Direct Deposit at ACE

Many ACE customers have already switched to Direct Deposit, and they’re glad they did. Here’s what some of them shared in some recent five-star reviews:

“Chloe helped me set up my direct deposit for my SSI. She was so nice.” (see all reviews for this store)
Donnie C., Henderson, NC – 11/12/25

“Karen helped with my government direct deposit enrollment. It was great!” (see all reviews for this store)
Tyson Z., Roseburg, OR – 11/12/25

“Thank you Uriah for setting up my government direct deposit online. I will get paid early!” (see all reviews for this store)
Thomas A., Aurora, CO – 8/18/25

How to Set Up Direct Deposit with ACE

In addition to check cashing and other financial products and services, ACE can help you set up Direct Deposit with one of our convenient prepaid card or debit card products. With paper checks now gone, it’s the perfect time to enroll in Direct Deposit and get your government benefit payments faster.¹ Enroll online or visit an ACE store near you!

This blog is not intended to provide any tax, legal, financial planning, insurance, accounting, investment, or any other kind of professional advice or services. To make sure that any information or suggestions in this blog fit your particular circumstances, you should consult with an appropriate tax or legal professional before acting on any suggestions or information that we provide.

Sources

Executive Order - Modernizing Payments to and from America’s Bank Account. March 25, 2025.

Disclaimers

1. Faster funding claim is based on a comparison of our policy of making funds available upon receipt of payment instruction versus the typical banking practice of posting funds at settlement. Fraud prevention restrictions may delay availability of funds with or without notice. Early availability of funds requires payor’s support of direct deposit and is subject to the timing of payor’s payment instruction. 5 days faster funding claim is limited to federal government benefit funds. 5 days faster funding claim is limited to Federal tax return funds regarding when funds are received from the IRS. IRS processing times will not be affected. For up-to-date information from the IRS, visit www.irs.gov/refunds.

Porte^® is a deposit account established by Pathward^®, National Association, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Certain products and services may be licensed under U.S. Patent Nos. 6,000,608 and 6,189,787. Card can be used everywhere Visa^® debit cards are accepted.

The Flare Account^® is a demand deposit account established by Pathward, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc. Ouro Global, Inc. is a service provider to Pathward, N.A.

Card can be used everywhere Visa^® debit cards are accepted.

The ACE Elite^® Visa^® Prepaid Debit Card is issued by Pathward, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc. Ouro Global, Inc. is a registered agent of Pathward, N.A. Card can be used everywhere Visa debit cards are accepted. Use of the Card Account is subject to activation, ID verification, and funds availability. Transaction fees, terms, and conditions apply to the use and reloading of the Card Account. See the Cardholder Agreement for details.

When unexpected expenses come up – like a sudden car repair that threatens your ability to get to work or a plumbing issue at home – having quick access to cash is key. Financial service businesses, such as ACE Cash Express, offer a range of online loan options designed to help in these situations. As long as you have access to the internet, you can explore your loan options and apply for an online loan simply and conveniently.

What is an Online Loan?

An online loan is a type of personal loan for which you can apply through a lender’s website instead of going to a physical location. Online loans may include personal loans, cash advances, or short-term loans, depending on the lender. Applying for a loan online is often faster and more convenient than traditional methods.

The online loan application process typically requires personal, financial, and income information. Lenders usually provide details about available loan amounts, loan terms, and the application process on their websites, along with FAQs or customer support to help borrowers.

If your application is approved, you may have several ways to receive your funds. Funding timelines vary by lender, and funds may be available as soon as the same day or by the next business day.

How Online Loans Work

Online loans are designed to provide short-term financial assistance quickly and conveniently. To apply for an online loan, you may need:

• An email address and phone number
• Proof of a steady source of income, such as employment, retirement, disability, or other approved sources
• Social Security number or tax ID
• Valid bank account information

Once you apply, most lenders provide a quick decision. If approved, you can access your funds using the methods offered by the lender.

What Types of Online Loans Are Available at ACE?

ACE Cash Express offers several short-term loan options online, including installment loans and payday loans. Availability varies by state, and not all loan products are offered in every location. Loan amounts are determined based on state regulations, the applicant’s income, and ACE’s standard underwriting criteria.¹

Installment Loans

Installment loans are short-term personal loans that a borrower repays in scheduled payments (installments) that are substantially equal in amount and repaid over a specified length of time.¹ Borrowers approved for an installment loan at ACE pay back the principal (amount of the loan) and any additional interest or fees according to the loan terms.

Payday Loans

A payday loan is a short-term, small-dollar loan intended to help manage expenses until a borrower’s next paycheck. If approved, the loan is typically repaid in full on the borrower’s next payday.¹

How to Apply for an Online Loan at ACE

To apply for an online loan at ACE, begin by selecting the type of personal loan that best meets your needs: a payday loan or an installment loan. Next, fill out the online application with the required information and get a quick decision. You must be 18-years or older to apply for an online loan at ACE.

Loans at ACE come with a 72-hour satisfaction guarantee. So if you change your mind, just return the principal within 72 hours and pay nothing more. ACE does not charge a fee to apply. In Arizona, Florida, Louisiana, and Virginia, you have until close of business on the third business day after receiving your funds to return the principal and pay nothing more. For example, if you take out a loan on Monday, you have until close of business on Thursday to cancel your loan. If you are approved for a loan online, ACE may offer different ways to receive your funds:

• Instant Funding to a Debit Card: ACE’s Instant Funding to a debit card is our quickest way to receive your funds, if you are eligible.²
• Direct Deposit to a Bank Account: Get your funds direct deposited into your bank account the next business day.³
• Cash at an ACE Store: If you are eligible, visit a local ACE store to get same-day cash pick-up.¹

When You Should & Shouldn’t Take Out an Online Loan

Online personal loans may be a useful option for covering certain short-term financial needs, such as unexpected expenses or important one-time purchases. However, they are not appropriate for every situation, and consumers should carefully consider their circumstances before applying.

Here are some instances where it might make sense to apply for an online loan:

• Paying for Unexpected Expenses: This is probably the most common reason to take out an online loan. Some unexpected expenses might include: car accidents, family emergencies, household repairs, vet bills, moving, dental emergencies, or vehicle repairs.
• Making a Large, One-Time Purchase: A big expense that’s also important, like an A/C unit for your home, may be a good reason to consider a personal loan.
• Paying Bills Before Your Next Payday: An online payday loan could be a good option for paying unexpectedly high bills that are due before you get paid again. Payday loans are designed to help you pay for urgent expenses, and the full loan balance is typically due on your next payday.

Some instances where it doesn’t make sense to apply for an online loan:

• Paying for ‘nice to have’ expenses: If the expense is non-urgent or discretionary (vacation, luxury purchase, entertainment), or something you could cover by waiting, saving, or budgeting.
• You’re trying to fix a long-term financial issue: Online loans generally aren’t meant for chronic budget shortfalls, long-term debt consolidation without a plan, or ongoing medical or living expenses.
• You’re trying to improve your credit profile: Some online loans don’t report positive payment history, may involve hard inquiries, or can lower your credit score if mismanaged.

ACE Online Loan FAQs

Can I get a same-day cash loan at ACE?

If you are approved for an online loan, you may be eligible for instant funding² or you may be eligible to visit a local ACE store for same-day cash pickup.¹ ACE is committed to helping you get the cash you need as quickly as possible.

Can I apply for an online loan at ACE if I am retired?

Yes. However, you must have proof of a steady source of recurring income.

Does ACE offer online loans in my state?

ACE offers payday loans and installment loans in select states. Below is a list of the states and amounts offered for each loan type.

Installment Loans Online

• Delaware: $100 - $2,000
• Florida: $100 - $1,000
• Missouri: $100 - $2,500
• Texas: $100 - $3,500

Payday Loans Online

• California: $100 - $255
• Idaho: $100 - $1,000
• Kansas: $100 - $500
• Louisiana: $100 - $700
• Tennessee: $100 - $425
• Texas: $100 - $2,000

Will applying online for a loan at ACE hurt my credit?

ACE may obtain information from a non-traditional consumer reporting agency and the inquiry may affect your overall credit profile with the applicable agency, but it will not impact your FICO^® Score.

Is there any cost to apply for an online loan at ACE?

No. You will not be charged to apply for an online loan at ACE, whether or not you are approved.

Is my personal information safe?

ACE values your privacy and internet safety. Click here to read our privacy policy and online privacy policy. For California residents, see our California Privacy Policy to learn what personal information we collect and how it is used.

This blog is not intended to provide any tax, legal, financial planning, insurance, accounting, investment, or any other kind of professional advice or services. To make sure that any information or suggestions in this blog fit your particular circumstances, you should consult with an appropriate tax or legal professional before taking action based on any suggestions or information that we provide.

Sources:

Batford, Emily, et al. “How do Online Loans Work?” Experian, 29 Oct 2025, https://www.experian.com/blogs/ask-experian/how-do-online-loans-work/

Webber, Matt. “Instant Personal Loans: Access Same-Day funds Quickly.” Investopedia, 15 Oct 2025, https://www.investopedia.com/instant-personal-loans-how-fast-can-you-get-funds-7963254

Disclaimers:

Applying will not affect your FICO^® Score. ACE Cash Express may obtain information from a non-traditional consumer reporting agency and the inquiry may affect your overall credit profile with the applicable agency, but it will not impact your FICO Score.

1. All loans subject to approval pursuant to standard underwriting criteria. Rates and terms will vary depending upon the state where you reside. Not all consumers will qualify for a loan or for the maximum loan amount. Terms and conditions apply. Loans should be used for short-term financial needs only, and not as a long-term solution. Customers with credit difficulties should seek credit counseling. Populus Financial Group, Inc. is licensed by the Department of Financial Protection and Innovation pursuant to Financial Code Section 23005(a) of the California Deferred Deposit Transaction Law. Populus Financial Group, Inc., 300 E. John Carpenter Fwy, Ste. 900, Irving, Texas, 75062, ST.760164.000. Loans in Texas arranged by ACE Credit Access LLC or ACE Credit Services, LLC and made by, and subject to the approval of, an unaffiliated third-party lender. Populus Financial Group, Inc. is licensed by the Virginia State Corporation Commission, PL-115.

2. If you are approved for the instant funding option and you select that option, your loan proceeds may be available within 30 minutes of loan approval and verification, or funding could take up to 4 hours. Funding times vary based on your bank.

3. If approved by 6 p.m. CT on Monday - Friday for weekday applications, and by 2 p.m. CT on Sunday for weekend applications, you will generally receive the funds the next business day. On banking holidays, your funds will be delayed until the next banking business day. For example, if Monday is a banking holiday, then you will not receive your funds until Tuesday.

Our credit or credit services decision on your application may be based in whole or in part on information obtained from a consumer reporting agency, including, but not limited to, Clarity Services, Inc., FactorTrust, Inc., and/or LexisNexis. The inquiry may affect your overall credit profile with the applicable agency, but it will not impact your FICO Score.

A penny for your thoughts? Not anymore. It’s a nickel now.

After a 230-year run, the U.S. minted its very last penny on November 12, 2025, officially bringing the production of the one-cent coin to an end. It may just be “small change,” but discontinuing the penny will have a noticeable impact on everyday cash transactions.

Pennies are still legal tender, and businesses can continue pricing items down to the cent. However, when you pay with cash, the amount you hand over (and the change you get back) will start to look a little different.

Why Was the U.S. Penny Discontinued?

The first U.S. pennies entered circulation in 1793. Although the design of these beloved copper coins has evolved many times over the centuries, their continued production carried on steadily. Until now.

Modern pennies are made of mostly zinc with a thin copper coating, but even then, rising metal prices and production costs have made them increasingly inefficient to produce. According to the U.S. Mint’s 2024 annual report, each penny cost 3.69 cents to make. That’s more than double the amount it was a decade ago (1.42 cents).

In total, the Mint reported losing $85.3 million from producing nearly 3.2 billion pennies in 2024.

That, coupled with an increasing number of Americans opting for cashless transactions, led the Trump administration to decide that minting the penny is no longer worth the cost.

How Will U.S. Retailers and Businesses Handle Exact Change?

You’re probably wondering what the death of the U.S. penny means for you.

While no federal rounding mandate has been established yet, most U.S. retailers will likely implement rounding on cash payments – a system already in use in Canada, Australia, New Zealand, and other countries that said goodbye to their lowest-denomination coin.

For cash transactions, totals will likely be rounded to the nearest nickel. It’s important to note that rounding applies only to the final total, not to individual prices.

Electronic transactions (card and digital payments) will not be affected. The charged amounts will remain exact to the cent.

How to Prepare (If You Still Use Cash)

If you regularly use cash, here are some tips:

• Expect rounding to the nearest nickel. Cash amounts paid or received may be rounded to the nearest nickel.
• Spend your pennies sooner rather than later. Many retailers and banks are already limiting penny distribution. You should spend them while they’re still accepted.
• Convert your coin jar. Did you know the average American household has $60-$90 in unused coins? If you have a full piggy bank at home, consider exchanging its contents at a bank or coin-cashing machine. Just check with your bank or the machine beforehand to see if any requirements or fees apply.

What to Expect at ACE Cash Express

ACE Cash Express offers a wide range of money services, such as bill payment, check cashing, money transfers, money orders, and more. With the end of penny production, ACE cash transactions are now rounded to the nearest nickel – the same practice expected across U.S. retailers and businesses.

And to make things easier, some service prices have been adjusted to ensure any rounding that takes place is to the benefit of the consumer. These updates are already in place at all ACE locations, and additional adjustments may occur over time as nationwide rounding practices continue to develop.

As everyone adjusts to the penny discontinuation and rounding changes, you can still expect the same fast and convenient service at ACE you’ve always relied on!

Frequently Asked Questions

Is rounding to the nearest nickel an ACE-specific practice?

No. With the U.S. penny being discontinued, rounding to the nearest nickel is a standardized practice applied across participating retailers and businesses nationwide. At ACE stores, rounding on cash transactions is applied in a manner that benefits the consumer.

If I use cash, will I pay more because of rounding?

Not necessarily. Since rounding goes both ways, the small changes typically balance out over time.

Will pennies still be accepted as payment?

Yes. Pennies remain legal tender and can still be used for cash transactions.

Can I still deposit pennies at my bank?

Yes. Most banks and credit unions will accept pennies for deposit or exchange. Check with them ahead of time to see if the pennies need to be rolled or if there are associated fees.

What does discontinuing the penny mean for the future of cash?

The penny is no longer being produced, but it will stay in circulation for some time. The biggest change consumers will notice is that cash payments may be rounded to the nearest nickel, while electronic payments remain unchanged.

This blog is not intended to provide any tax, legal, financial planning, insurance, accounting, investment, or any other kind of professional advice or services. To make sure that any information or suggestions in this blog fit your particular circumstances, you should consult with an appropriate tax or legal professional before taking action based on any suggestions or information that we provide.

Sources

• https://www.usmint.gov/news/press-releases/united-states-mint-hosts-historic-ceremonial-strike-for-final-production-of-the-circulating-one-cent-coin
• https://www.usmint.gov/learn/history/us-circulating-coins
• https://www.forbes.com/sites/kellyphillipserb/2025/11/13/what-the-end-of-the-penny-means-for-consumers/
• https://www.usmint.gov/content/dam/usmint/reports/2024-annual-report.pdf
• https://www.usmint.gov/news/media-kit/penny
• https://www.pewresearch.org/short-reads/2022/10/05/more-americans-are-joining-the-cashless-economy/
• https://www.frbservices.org/binaries/content/assets/crsocms/financial-services/cash/101322-us-coin-supply-chain-final-report.pdf

This past Fourth of July, President Trump observed the national holiday by signing a historic piece of legislation: the One Big Beautiful Bill Act.

This new law introduces significant changes to federal taxes, credits, and deductions. Its mix of short-term and long-term provisions will affect how Americans file 2025 taxes and beyond.

We understand that major changes like this can feel overwhelming. As your trusted partner every tax season, you can count on us to fill you in on the details so you can stay one step ahead when it’s time to file.

How Will the One Big Beautiful Bill Act Change Tax Laws?

Public Law 119-21, also known as the One Big Beautiful Bill, OBBB, and OB3, makes several provisions from the 2017 Tax Cuts and Jobs Act (TCJA) permanent. The TCJA made significant changes to the tax code by reducing rates for corporations, businesses, and individuals. The law also nearly doubled the standard deduction and capped the state and local tax deduction at $10,000. These provisions, among many others, were set to expire in 2025 and return to their 2017 status.

But that’s where the OBBB comes in.

This new legislation prevents most TCJA provisions from expiring while adding new updates intended to benefit working Americans and seniors. Many provisions took effect on January 1, 2026, but a couple are retroactive and could impact how you file your 2025 tax return.

Which TCJA Provisions Have Been Extended?

The OBBB extends and locks in several key provisions of the 2017 TCJA, including:

• Lower Tax Brackets – TCJA lowered individual tax brackets to 10%, 12%, 22%, 24%, 32%, 35%, and 37%. These tax brackets will remain (but are subject to changes enacted by future Congress).

• Increased Standard Deduction – The standard deduction amounts for the 2024 tax year were $14,600 for single filers and $29,200 for married couples filing jointly. For 2025, the amounts are increasing to $15,750 for single filers and $31,500 for married couples filing jointly. These amounts will be adjusted for inflation in future years.

• Higher State and Local Tax (SALT) Deduction Limit – The SALT deduction has increased to $40,000 (adjusted annually) for 2026 through 2029.

• Increased Child Tax Credit – The TCJA raised the child tax credit from $2,000 to $2,200 per qualifying child, which will be adjusted for inflation annually.

Taxpayers should review the latest IRS forms and instructions to ensure they are using the correct documents when claiming these deductions and credits.

What Are the New OBBB Provisions for the 2025 Tax Year?

In addition to updating existing provisions, the OBBB adds many new individual tax changes. Some of the tax deductions that will affect the most common 2025 tax returns for working Americans and seniors are:

• No Tax on Tips – Workers in eligible occupations listed by the IRS may deduct up to $25,000 in qualified tips. This deduction phases out for Modified Adjusted Gross Income (MAGI) above $150,000 ($300,000 for those Married Filing Jointly).

• No Tax on Overtime – Overtime pay exceeding regular wages can be deducted up to $12,500 per taxpayer with phaseout for MAGI over $150,000 ($300,000 for joint filers).

• No Tax on Car Loan Interest – Taxpayers may deduct up to $10,000 in qualified vehicle loan interest with phaseout for MAGI over $100,000 ($200,000 for joint filers).

• Deduction for Seniors – Eligible taxpayers who are 65 or older may claim an additional deduction of $6,000 with phaseout for MAGI over $75,000 ($150,000 for joint filers).

What Are the New OBBB Provisions for 2026 and Beyond?

2025 is only the beginning. The OBBB includes several new tax changes that begin in 2026 and future years, affecting families, homeowners, and individuals nationwide. Some of those include:

• Trump Child Savings Accounts – A new tax-deferred savings account for children under 18. Parents can contribute up to $5,000 per year (adjusted for inflation), and employers may add up to $2,500. The federal government will make a one-time contribution of $1,000 per child to an account for U.S. citizens born between 2025 and 2028.

• Child and Dependent Care Credit Expansion – Families can claim up to 50% of qualifying childcare expenses, with higher income limits that make the credit available to more households.

• Education and Student Loan Benefits – Employers can contribute up to $5,250 annually toward employees’ student loans tax-free, and student loan debt canceled due to death or disability remains non-taxable.

• Mortgage Interest Rules – The $750,000 mortgage interest cap is now permanent, and private mortgage insurance (PMI) may be treated as deductible interest.

How ACE Cash Express Can Help You Prepare

With so many tax updates on the horizon, preparation is key to maximizing your refund. Fortunately, ACE makes it easy to navigate these changes.

Tax Season Preparation Tips

• Set up Direct Deposit to your own account now. Direct Deposit is the best way to receive your tax refund as quickly as possible. Associates at your nearest ACE will be happy to help you set up an account with Direct Deposit.

• Gather all necessary paperwork. Start collecting important tax paperwork and records for a complete and accurate tax return, including the appropriate IRS forms required for your specific tax situation.

• Browse IRS online resources. Online tools and resources are available 24/7.

• Learn more about tax preparation. Check out blogs and articles for general information and tips to help you prepare for filing taxes.

• Consult a tax professional. A trusted tax professional can help you understand how the new rules affect your situation and assist you with the filing process. Find a tax preparer near you who has registered with the ACE Tax Program.¹

Get Your Tax Refund Quickly with ACE

Due to an Executive Order, the U.S. Treasury Department will not issue federal 2025 tax refunds by paper check for most taxpayers. Instead, they will be sent electronically. If you are due a refund, ACE associates can help you set up an account of your own with direct deposit, so you can get your electronic tax refund quickly.² You can also cash your government or non-government tax refund check and debit cards at any ACE store near you.³ Just bring your tax refund check or debit card and a valid, government-issued photo ID.

The One Big Beautiful Bill might’ve changed the tax landscape, but – with ACE Cash Express – you can take control of tax season with confidence. Have any questions about ACE tax services? Visit our page to learn more!

This blog is not intended to provide any tax, legal, financial planning, insurance, accounting, investment, or any other kind of professional advice or services. To make sure that any information or suggestions in this blog fit your particular circumstances, you should consult with an appropriate tax or legal professional before taking action based on any suggestions or information that we provide.

Sources

• Text - H.R.1 - 119th Congress (2025-2026): One Big Beautiful Bill Act | Congress.gov | Library of Congress

• Text - H.R.1 - 115th Congress (2017-2018): An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018. | Congress.gov | Library of Congress

• Economic Effects of the Tax Cuts and Jobs Act | Congress.gov | Library of Congress

• Tax Laws and Tax Brackets 2025 | U.S. Bank

• One, Big, Beautiful Bill Act: Tax deductions for working Americans and seniors | Internal Revenue Service

• Treasury, IRS issue guidance listing occupations where workers customarily and regularly receive tips under the One, Big, Beautiful Bill | Internal Revenue Service

• Modified adjusted gross income | Internal Revenue Service

Disclaimers

1. ACE Cash Express does not endorse the quality of service or qualifications of any tax professional. Tax preparation is not a service that ACE Cash Express offers.

2. Faster access claim is based on comparison of a disbursement via direct deposit vs. disbursement via a mailed paper check. For up-to-date information from the IRS, visit www.irs.gov/refunds.

3. Terms and conditions apply. Digital copy of identification may not be accepted. All checks subject to approval.

Taxes seem to follow us everywhere.

Buy something from the store? Sales tax. Purchase a home? Property tax. Book a weekend at the beach? Hotel tax. And of course, with every paycheck, there’s federal income tax, state tax (depending on where you live), Social Security, Medicare, and other withholdings.

The good news is that when tax season rolls around, you may have options to reduce your tax bill and keep more money in your pocket. One of the biggest decisions many taxpayers face is whether to take the standard deduction or itemize deductions.

In this guide, we’ll walk you through both options and explain what’s changed under the One Big Beautiful Bill Act.

What Is the Standard Deduction?

The standard deduction is a fixed dollar amount you can deduct from your taxable income. It’s adjusted yearly for inflation and is a flat reduction from your adjusted gross income to determine your taxable income.

The amount for which you may qualify depends on your filing status (single, married, head of household, etc). Additional benefits apply if you’re 65 or older or visually impaired.

Since you don’t have to keep track of expenses, nearly 90% of taxpayers take the standard deduction because it’s the simplest and quickest option. Check the guidelines listed on the IRS website to ensure you qualify to take the standard deduction.

What Does It Mean to Itemize?

Itemizing requires you to keep track of your eligible, deductible expenses and subtract that total from your adjusted gross income. You must have the proper IRS-approved documentation that reports this total, such as receipts or statements.

Some examples of deductible expenses include:

• Out-of-pocket medical bills
• Acknowledgement letters from charitable organizations
• Tax documents of mortgage interest
• Personal property taxes

Unlike the standard deduction, the amount when you itemize isn’t fixed, as it depends on your actual expenses. This option is worth it for taxpayers whose total amount of allowable itemized deductions is more than the standard deduction. See the instructions for Schedule A (Form 1040) and follow IRS guidelines on limits and qualifications.

Standard Deduction vs. Itemized Deductions: How to Decide

The easiest way to decide whether to take the standard deduction or itemize is to run the numbers both ways and see which gives you the bigger deduction.

To itemize, you need to keep track of what you spent throughout the year on deductible expenses and add up the total amount. If it’s less than the standard deduction, take the standard deduction. If it’s more than the standard deduction, itemize.

Here are a couple of common scenarios to consider:

• Homeowners with a mortgage often benefit from itemizing because of payments towards mortgage interest and property taxes.
• Renters often stick with the standard deduction unless they have large medical bills or significant charitable contributions.

What Self-Employed People Should Know

Being self-employed comes with many perks. However, it also comes with extra tax responsibilities as you’re responsible for paying them yourself.

If you earn more than $400 in net earnings (income minus expenses), you must file an annual tax return using Form 1040 or Form 1040-SR. You’ll also need to make estimated quarterly tax payments to cover both income tax and the 15.3% self-employment tax, which includes Social Security and Medicare.

The best approach is to set aside part of every payment you receive. For example, if you earn $40,000 in net profit and expect to owe about 25% in taxes, plan to pay around $2,500 each quarter for the $10,000 tax responsibility.

Luckily, self-employed workers can claim valuable deductions such as business advertising, education, health insurance premiums, home office costs, and work-related travel. Be sure to keep good records and receipts.

How the One Big Beautiful Bill Act Changed the Rules

On July 4, 2025, the U.S. Congress passed the One Big Beautiful Bill Act, which made significant updates for tax years 2025 through 2028:

• Standard deduction amounts were permanently increased.
• Taxpayers 65 and older can now deduct an additional $6,000 per eligible individual.
• Annual inflation adjustments still apply, so deduction amounts will rise slightly each tax year.

Because the IRS will continue to adjust the standard deduction amounts to keep up with inflation, it’s strongly recommended to review your expenses each tax year to decide whether taking the standard deduction or itemizing is right for you.

Tax Credits That Can Lower Your Bill Even More

Whether you take the standard deduction or itemize, tax credits can reduce your bill dollar-for-dollar. A few common ones include:

• Earned Income Tax Credit (EITC)
• Child and Dependent Care Credit
• American Opportunity Tax Credit
• Lifetime Learning Credit
• Saver’s Tax Credit

Credits are powerful because they reduce the amount of tax you owe directly, not just your taxable income. For example, let’s say you owe $2,500 in taxes but qualify for a $1,000 Earned Income Tax Credit. Your tax bill drops to $1,500 regardless of your deduction choice.

How ACE Can Help During Tax Season

Increase the Accuracy of Your Return

ACE Cash Express has a Tax Program where tax professionals can register to become members. If they qualify, they will be listed on a portal as a potential resource. You can search by zip code to connect with a tax preparer near you.¹ They can assist you with your return, run the numbers, and help you decide whether to itemize deductions or take the standard deduction.

Get Ready for Electronic Tax Refunds

With limited exceptions, the U.S. Treasury Department will not issue federal 2025 tax refunds by check, as mandated by Executive Order. Going forward, most federal tax refunds will be sent electronically. If you are due a refund, ACE can help you access that tax refund faster by getting you set up with a direct deposit account.²

Access Your Tax Refund Quickly

With a direct deposit account² set up at ACE, your refund can be deposited electronically and accessed as soon as it hits your account. We can also cash your government or non-government tax refund check at an ACE store near you.³ All you need is your tax refund check and a valid, government-issued photo ID.

If you need to withdraw cash from a tax debit card, ACE has cash on hand to serve you, even if it’s a large amount.³ The minimum withdrawal amount is $5.00.⁴

If you’ve been asking yourself, “Should I itemize or take the standard deduction?”, the answer ultimately depends on your personal situation. For many, the standard deduction is quicker and easier. But if your eligible expenses are high enough, itemizing could save you more. Either way, understanding your options is the first step toward a smoother tax season.

This blog is not intended to provide any tax, legal, financial planning, insurance, accounting, investment, or any other kind of professional advice or services. To make sure that any information or suggestions in this blog fit your particular circumstances, you should consult with an appropriate tax or legal professional before taking action based on any suggestions or information that we provide.

SOURCES

• Text - H.R.1 - 119th Congress (2025-2026): One Big Beautiful Bill Act | Congress.gov | Library of Congress
• Topic no. 551, Standard deduction | Internal Revenue Service
• Topic no. 501, Should I itemize? | Internal Revenue Service
• About Schedule A (Form 1040), Itemized Deductions | Internal Revenue Service
• About Form 1040, U.S. Individual Income Tax Return | Internal Revenue Service
• One, Big, Beautiful Bill Act: Tax deductions for working Americans and seniors | Internal Revenue Service
• Earned Income Tax Credit (EITC) | Internal Revenue Service
• Child and Dependent Care Credit information | Internal Revenue Service
• American Opportunity Tax Credit | Internal Revenue Service
• LLC | Internal Revenue Service
• Retirement Savings Contributions Credit (Saver’s Credit) | Internal Revenue Service

DISCLAIMERS

1. ACE Cash Express does not endorse the quality of service or qualifications of any tax professional. Tax preparation is not a service that ACE Cash Express offers.
2. Faster access claim is based on comparison of a disbursement via direct deposit vs. disbursement via a mailed paper check. For up-to-date information from the IRS, visit www.irs.gov/refunds.
3. Terms and conditions apply. Digital copy of identification may not be accepted. All checks subject to approval.
4. Withdrawals may be subject to limits imposed by your card.