Contributed post by Samantha Garbett
Now that December is here and the countdown to Christmas has officially begun, we are all looking forward in dread at the state of our bank accounts by the end of the year.
Buying food, hosting guests and partying is what Christmas is all about but it is an expensive affair and it can really burn a hole in your pocket. Here are some of the ways that you’ll be able to get back on track in January to make your life a little easier.
Use budgeting tools
One of the first things you can think about doing when you want to save money is to get a tool to help you.
Yolt is a budgeting tool which is super handy and it can be used to make sure that you know exactly how much is in your bank each month and how much you spend. It can create budgets for you and help you stick to them and this can be incredibly helpful.
Settle your debts
Debt is a word which we all dread to hear in relation to ourselves, but unfortunately, debt is something many of us will face during our lifetime.
Before you panic and start contacting chapter 13 bankruptcy lawyers for aid, you can think about simply budgeting better and allowing yourself money to pay these debts off each month. If you can pay off the biggest debt first the rest will be less overwhelming and it really can make a big impact on your life .
Create better habits
We all need to have better money habits in life and even if you think your money handling is great there will always be something you can improve on.
It can be as simple as making coffee at home before you leave for work, or packing your lunch instead of eating out. Small changes can make all the difference and will allow you to save much more money.
Save up every month
Saving can be easier said than done, and when we have the money in our account ready to be spent it can be all too easy to spend it without even a second thought.
This is why the best way to save and spend is to create a standing order when you get paid which transfers money from your current account to your savings straight away. This will mean that you don’t have to worry about remembering to save because it will be done for you.
Enjoy your life
At the end of the day, as much as you want to be good with money and make sure to spend as little as you can, life is still to be enjoyed.
Don’t panic so much and stress yourself out over money because life is more than that. Have fun and enjoy your days doing the things you love most with the people you love. And at the end of the day make sure you save a little money to make life a little easier.