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.”
Here we take a look back at 2016 and some of the more significant things that may have affected our finances.
January We focused on our Millennial Me report, which found that 45% of Millennials manage to save at least a quarter of their disposable income each month, compared to just a third (34%) of 35-54 year olds.
February With a busy year of voting ahead, we focused on National Voter Registration Drive (1-7 Feb), which not only encourages young people to register to vote to increase their voice, but also to help boost their credit profile – as lenders use the information on your credit report to help confirm your identity which could help you when you apply for credit.
March March saw George Osborne’s final Budget as chancellor (though he didn’t know it at the time) , and the main points we focused on included changes to the personal allowance, spending cuts, changes to savings and infrastructure projects.
April Continue reading
Now is a good a time as any to clear out your financial clutter, especially with – for many – January’s salary feeling a long way off after the festive blowout.
So to get 2017 off to a bright new start and set yourself some achievable financial goals, we’ve got 5 simple tips.
1. Check out your ins and outs Even small changes can help you balancing your income against your outgoings, which can often help you feel more in control of your finances.
It can help you work out when to allow room for certain annual essentials, for example direct debits like a TV licence, one-off annual charges like home or car insurance, or things like birthdays or special events – as well as stopping outgoings you may no longer need or use, like a gym membership you forgot you had.
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
There’s a lot said about the January Blues: how it’s cold, dark, there’s no money left in the pot after the festive season and the long gap since last payday, and it’s the most miserable time of the year. So far, so typical.
But we think there’s actually a lot good about January, certainly in terms of taking control of your finances – here are 5 reasons why we’re secret fans of January.
1. Review what goes in and comes out
There’s nothing quite like the start of the year for taking stock of your finances, and budgeting for the year ahead. 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?