As we all know it is the New Year and we all have our goals, and for most of us in our top ten is something to do with our financial situation. So I have thought long and hard to put together what I think would be some helpful tips for you to feel better about your money situation, for this you can do other things like trade gold UK which is a great option to invest and make money.
Step One: Start from scratch and make a new budget. You need to first figure out what your money is doing on a monthly basis, and I don’t mean a rough idea. I mean everything you spend money on, if you are buying a coffee every morning on your way to work, or if you buy lunch on a daily basis. I mean everything! I bet this will be an eye opener for most of us.
Step Two: Look to reduce some of your expenses where you can. Keep that money in your bottom line every month. Impulse buying is the largest reason why we can’t stay ahead of the game.
Step Three: Do your best to reduce and eliminate any high interest bearing accounts. If you are operating any unsecured debt, look to reduce the amount owing with your new budget. Once you have completed the reduction, reduce your limits. This keeps you out of trouble and the interest merry-go-round.
Step Four: After completing step one, two, and three look for savings options. Lots of us look to RRSP’s, GIC’s, or even TFSA’s. These are great avenues to not only save your money but earn interest too.
Step Five: Finally after all steps are in place, and keep in mind, in some cases, this could take some serious commitment and time! Hang in there. Always plan your larger purchases, set a goal if you want that new flat screen TV for your basement. Set aside the cash. It may take you 3-5 months to save for it, but in the end not paying more for a product with a set price (interest on store cards) is a lot better.
These are my tips on how you can help make your money work for you again. Remember, in order to move forward you actually have to start moving. If you would like a copy of our free budgeting guide give us a call!
Get a Fast & Free Savings Quote Today
We Negotiate a better deal with the people you owe money to!