So to help us out, we asked some of our favourite finance and budgeting bloggers to tell us the best financial advice they’d had this year.
Cass from family blog Diary Of A Frugal Family told us: “This year I’ve found out that changing energy suppliers is so much easier than I thought it would be.
I’d been putting it off for ages because I thought it would involve lots of time and energy for not very much return but it took me a total of about 10 minutes and I saved enough each month for a treat takeaway. ;-)”
Nicola, who runs budgeting blog The Frugal Cottage, has this to say: “When you invest, you are always going to take a risk. However, if you’re in it for the long term, then ignore the ups and downs that happen daily and enjoy the ride.”
And Francesca From Pennies To Pounds told us she’d learned this year that: “You can only squeeze so much out of your budget – earning more money should be one of the key focuses when you are paying off debt or working towards a financial goal.”
And what did WE learn?
Yours truly learned to remember the annual essentials – that there are some regular, unavoidable larger outgoings that can creep up on us unawares. Common examples I’ve found this year include home insurance, car insurance, MOT, TV licence, travelcards, school lunches to name just a few!
So it’s a good idea to make sure you’ve got enough held by to be able to cope with these obligations, when the time arrives to pay them.
How important is keeping your credit report in shape?
Planning your financial future is something that can benefit us all – whether it’s making a budget for the week ahead, working out how much we’ve got left over after monthly bills are paid, or making a strategy as to how to save up enough money for a mortgage deposit.
It’ might be worth keeping your Experian Credit Report in good shape so that you can have the best chance of the credit deals you want. So try to make sure your credit report is up to date and that the information on it is accurate. And checking your Experian Credit Score before you apply for new credit can give you a good indication of how lenders may view you.