28 Jan Taking Control of Your Personal Finances in the New Year
January is here and many of us make new years resolutions at this time of the year. Things that we want to do that will improve our lives. For many people this might mean eating more healthily, giving up something that is bad for you or even deciding to live in the moment more and take on more opportunities.
One of the most popular new year’s resolutions is improving your personal financial situation – whether you are aspiring for something like a new home, a holiday or a car, or have over done it with the spending in the run up to Christmas, now is a time to start focussing on finances and improve your situation in the new year. If this sounds like you, here are a few tips to get you started…
Slow Down Spending – Many things that we purchase are the result of a spur of the moment decision. Planning the things that you need and what you are looking for and sticking to this is a really good way to reign in your spending. When shopping online, rather than just clicking on the buy it now button, take a few days to think about it – is it something that you really need? Often you will find that it isn’t! Deleting the cookies in your browser can also help, as then the adverts won’t be able to re-target you on other sites.
Get Some Professional Advice – If you want to know where to start and find out ways that your personal finances can be improved, having professional help with it is a great idea. Someone like these Cheltenham accountants https://www.randall-payne.co.uk/services/accountancy/cheltenham-accountants/ will be able to offer advise and ideas that will apply to your personal situation and help you to stay on track with your finances into the new year and beyond. Having an accountant on hand means that you can also get good advice on things like savings and pensions.
See Where You Can Make Easy Savings – Many of the things that we spend money on we do so without giving it a second thought! It is surprising when you add all of this up, however. Energy bills are a good place to start, as we all have them and we may be paying more than we need to, so investigate what other suppliers can offer you.
Other things that really add up are things such as takeaway coffee and lunches – if you tend to pick up a coffee on the way to work, and then pop out to buy a sandwich at lunchtime this might not seem a lot on a daily basis, but over a month it really can add up. Try making a coffee in a flask and taking in lunch from home and you will really notice the difference in how much more money you have!