To get 2017 off to a bright new start and set yourself some achievable financial goals, we asked some of our favourite finance and budgeting bloggers to tell us their best tips for how to budget for the year ahead.
Francesca from the super From Pennies To Pounds blog said: “Make sure you allow yourself some wriggle room in your budget for some fun things as this will make you much more likely to stick to your budget.”
There’s nothing quite like the end of the year for taking stock of your finances, and budgeting for the year ahead.
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.” Continue reading
If you work for yourself, or you’re a freelancer, or you work for a company but don’t get paid at source then you may well have highlighted 31st January in your calendar.
Midnight on that date marks the deadline for doing your online self-assessment tax return and paying the full amount owed (if any) to HM Revenue and Customs (HMRC)
Even if you don’t actually owe any tax, there’s an automatic £100 fine if you miss the January 31 deadline, so it’s really important to make sure you get your tax return in before the last possible moment. Continue reading
Guest blog post supplied by Provident
We know that many people budget daily, weekly or monthly. For our customers, budgeting is a way of life and many know how much comes in and out of their account by the penny.
How you budget can be dictated by how and when you get paid, but have you thought about looking at your finances for the whole year?
Did you get paid early in December? Many of us find ourselves with an early Christmas present when the final salary of the year comes a week or two early – however this does of course mean that there’s a much longer run than usual until the next one in January.
Experian research has found that eight out of 10 of Brits (81%) found the early payday a hindrance when it comes to their festive finances*. In fact, more than half (53%) of those paid earlier than usual in December said they struggle to meet their bills by mid-January, with more than a third (35%) overspending at Christmas by an average of £207 on things like food & drink, heating & fuel, and various seasonal extras. Continue reading
What would you like to achieve by the end of the year?
Did you know that as of tomorrow (23 Sep) there will be only 100 days left in 2014? What would you like to have achieved by the end of the year?
An Experian survey* found that September is a time when people are prone to making changes – as if our schooldays have programmed into our DNA that the falling of the leaves indicates a ‘new term’.
In fact, 30% of people who’ve changed jobs in the past three years did it in September, with more people retraining (53%) or taking up a new hobby (22%) in this month than at any time in the year. It’s also the second most common month for starting a relationship, buying a new car, and starting saving money.