January 16, 2020 4:01 pm
Getting your finances under control in 2020 doesn’t have to involve a huge revamp of your lifestyle. Just a few steps can help cut your household bills and keep your finances looking healthy until the next festive blowout.
So... if you’re planning a ‘New Year, New Home’ or even simply a bit of property makeover, grab a pen and paper and start working on this tick list to start organising your finances for 2020.
Set a goal
Why are you saving? Is it for a birthday? A holiday? Christmas? Whilst you are steadily building a savings habit try remembering exactly why you are saving, this bit of joy can actually make a big difference and help motivate you to stick to your plan!
Make a monthly household budget
This simple yet effective step is the first step to organising your finances in the New Year. Calculate exactly how much money you have coming in and what is going out, and what you’re spending it on.
If you know exactly what your income and outgoings are, you can factor in some savings!
Cancel any unused subscriptions or memberships
Cutting out unnecessary outgoings in the future will help you save where you can. Whether it’s your Netflix account, Amazon Prime, Spotify premium, even your gym membership, they add up. Think about whether you actually need them. Comb through your account, pinpoint the payments you do not need to make and cancel them.
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This post was written by millerwp