It’s no secret that many of us fall helplessly into the New Year struggle after our Christmas breaks that may or may not have cost us an arm and a leg. Don’t worry, the New Year is a time to hit the brakes and slow down on the spending front. Below are a few tips we’ve put together.
First and foremost, get your finances in order.
Now that the frantic pace of Christmas has passed, you should find yourself with enough time to sit down and work out your outgoings for the next couple of months. Don’t rush this stage, allow yourself a few days, maybe even a week before your plan comes together, ensure you take your time and include all the relevant information.
Keep an eye on your budget, should something change or you find yourself struggling then learn to alter your outgoings to suit you. Don’t push yourself out of depth. Make sure you set aside a certain amount of money every month to contribute to any debt built up throughout 2013, don’t let it grow taller.
Get organised, planning is your friend.
If you’re like the rest of the nation and you’re hoping to get fit or lose weight this year then use this popular New Year’s resolution to cut your costs in a few areas. Shop around for your gym membership as every gym with a clue will be slicing their prices this January, with limited offers that could save you bundles.
Get planning your meals at the beginning of every week, this way you won’t stray.
Try to only buy what you need, not what you want. Being organised will also help with unnecessary single trips mid week as you should already have everything you need. I’d also suggest making one very useful investment… A slow cooker! This will earn you back every penny and then some.
Just a quick fact to put things into perspective – “Giving up a daily cup of coffee could save you £767 a year.”
There are many ways in which you can cut your costs in 2014, but mostly it is a case of knowing where to shop, what to buy, and being strict with your pennies and keeping in mind there is more important things to look after than a new wardrobe.
Get money smart and take control of your finances, make contributions little and often to any debt owed, put any spare cash into savings and most importantly stay out of the red!
If you are experiencing a significant shortfall in your monthly income or have found yourself struggling to meet repayments then getting in touch with one of our friendly advisors here at The Debt Advisor could be the way forward for you.
Call us on 0800 085 1825 to speak in confidence today. Don’t suffer in silence. Take control of your future; Happy 2014!