New Year’s resolutions – so easy to make, so difficult to keep.
Most of us are great at coming up with a list of pledges promising to transform our lives.
Lose weight, get fit, give up alcohol … sound familiar?
They’re great while they last. But this year, why not look at making changes that could help you worry less and enjoy life more.
If you’re going to stick to your money saving New Year resolutions, it’s important to make sure they’re realistic and achievable.
‘Make a million and pay of all my debts’ might sound amazing, but by Day 2 you might begin to see flaws in the plan.
There’s no quicker way to ensure that wish-list is shoved in the bin than to set goals that are impossible to reach. A New Year savings plan needs to have reasonable, realistic targets so you can see steady progress.
At MoneyPlus, we help people live better. We’re in your corner. So, when life gets difficult, we’re here to help.
We’ve put together a few New Year resolutions to start saving money and help get you started. It doesn’t matter if you can’t or don’t stick to them all. A few small changes will make a big difference.
If we’re going to talk about financial resolutions for the New Year, we may as well start with the big one first. Freeing yourself from debt is a life-changer. Whether that’s achievable is dependent on many things including how much debt you have, what type (credit cards, car loan, mortgage etc), the interest rates you’re paying, and of course your income levels.
If you’re struggling to come up with solutions, the most important thing you can do is seek help. At MoneyPlus we help those struggling to manage their income and expenditure. Our services are designed to ensure our customers feel valued, supported and safe. This enables you to think clearer, manage your circumstances better and, working with us, focus on the solution, not the problem.
Feed the pig
Managing – yourself, your family, and your finances – isn’t always easy, which is why things don’t always go to plan. An unexpected bill or a boiler on the blink can derail the best money saving New Year resolutions. Having an emergency fund is a good way of preventing these situations from taking over. At the end of each day, get everyone to empty all their loose change into a piggy bank or large, screw-top lid jar. Putting aside even small amounts can quickly build up.
Switch energy supplier
If you haven’t checked it out already, you could save hundreds of pounds by switching energy supplier. Millions of people can’t be bothered. Make sure you’re not one of them. At MoneyPlus Energy everything is taken care of for you.
There is no inconvenience. Your energy supply won’t be interrupted, and you won’t need any new cables, pipes or people coming to your home. The whole process will take three weeks. That’s got to be one of the fastest money saving New Year resolutions to tick off your list.
Credit card crunch
Spur of the moment purchases are quick and easy when you’ve got your credit card to hand. But the joy of that new pair of shoes of T-shirt quickly wears off when you realise how much it’s going to cost in increased payments each month. Leave your credit cards at home when you go shopping. By resisting temptation your New Year savings plan is more likely to stay on schedule.
Set and keep to a budget
The ‘B’ word is probably the one most people dread when sorting out their finances but setting a budget should be on your list of money-saving New Year resolutions. It’s one of the most effective ways of taking control. Be thorough. Look at all incomings and outgoings, no matter how small or inconsequential they may seem in the scheme of things.
Don’t attempt to do this in one go, as the likelihood is, you’ll be over-faced. Don’t be hesitant about asking for help either.
At MoneyPlus we’re proud to support more than 50,000 customers and we’ve won national awards for the way that we do it. We never judge. That’s not how we do things. We’re here to help, so you can get on with more important things, like living better. Make it a New Year resolution to find out more about how we can help you in 2019.