Now the kids have finally gone back to school it’s time to take stock on the hit the holidays have had on your wallet. It’s likely that you’ve spent more than you initially planned this summer, but fear not, there are ways you can lessen the impact and get back on your money grind!
Now is the time to take a good look at your finances. Don’t bury your head and try to forget that you’ve spent this summer. Get yourself a decent budget planner like Mint or GoodBudget and chart your outgoings. Using your Monese app can really help with this as you can get to see all your transactions right from your notification screen. To find out how to set this up read our guide here.
Edit your spending
Once you have got your budget under control you can start to work on your day-to-day spending. If you’ve done your budget correctly you’ll know your daily spending limit, so you can now look at your outgoings to see where you can make some real savings. Look at things like popping to the shops, instead of grabbing whatever you fancy, make a list and get what you need. Also think about the way you shop – could you be saving money by using special online shopping comparison sites? Maybe you could be making back some money through cashback websites too, check out Quidco and Topcashback to see what you could claim back.
Switch it up
Heading into autumn it’s a good time to think about switching up your energy supplier. Use an energy comparison tool like uSwitch to make sure you are getting the best deals for your energy costs. Also have a think about how you can cut down on your daily energy use to save money. Set your thermostat to the right temperature, make sure your heating timer is set to only come on when you actually need it (there’s no point in heating an empty house all day) and turn off anything that’s left on standby!
Yes, I’m going to say it – Christmas is just around the corner so plan in advance and you’ll be miles ahead. There is only 3 monthly paychecks between now and Christmas so you really should get yourself a plan on how you’ll afford it. If you start saving now you’ll be less likely to fall into any debt traps nearer the time, and by spreading the cost you’ll also feel more comfortable, not taking yourself down to zero.