2016 has been one crazy year and it seems that many of us are all too happy to see the festivities through and move on to 2017 as seamlessly as possible. But this doesn’t mean that you should ignore your finances and throw money away in exchange for having fun for the rest of the year. Let’s show you how you can have a great end to 2016 and an even better start to 2017, saving yourself some money in the process.
Stick to your budget
Now is the time to go over your budget again to make sure that you are sticking to it. It’s all too easy to get carried away when you are shopping for presents or accepting every invitation to various costly Christmas do’s, but you need to buckle down and make sure you can afford all the extras. Use your budget to remind yourself of how much you can spend so you can make sure you are going into the new year not having to pay off Christmas for many months to come.
Ensure that you have a secure savings plan for 2017. Make it the year that you save as much as you can (even if that is not much at all). Having an emergency fund is going to put you in a much stronger position than relying on taking debt to pay for any unforeseen bills. Make it easy to save by transferring money into a separate account every month, then don’t touch it!
Cut costs now
Before the year is over, take a moment to go over your bills and try to reduce them. Get on to switching sites like uSwitch or SimplySwitch and make sure you are getting the best rate for your energy. Also check out insurance (car, home and travel) to make sure you are not paying over the odds.
Be money wise
Get your head out of the sand when it comes to your finances and download the Monese app now! Why do you need the Monese? Well, when it comes to sending money abroad, Monese is up to 8x cheaper than traditional banks. On top of this, we don’t charge any hidden fees, and we are also up to 5x cheaper than a traditional bank account!