Hola people! I hope you’ve had an amazing Christmas!
Ok, so I’ve sorted you guys out with your new year’s resolutions. It’s only fair that I should tell you mine.
Before we get into the nitty-gritty, first I’d like to discuss the resolution we all need to make. Namely to get to grips with your money.
What do I mean by this?
Ok, you know that hilarious thing we all do from time to time where we don’t look at our bank balance for weeks at a time? Because we’re pretty sure we spent the rent money on cake and eyeliner and we’re not ready to accept it yet? Well, let us all, right now, resolve not to do that. Not only that, but we’re going to resolve not to
Well, let us all, right now, resolve not to do that. Not only that, but we’re going to resolve not to need to fear accidentally pressing ‘view balance’ on the ATM.
We will know how much we’re being paid, how much our expenses are (cake and eyeliner included) and how much we owe other people. For those of you trying desperately to ignore your student loan debt, make 2017 the year you face it head on. Imagine if you’re eligible for a full pardon (ok, I said imagine) and you didn’t realise? There are options out there for you that don’t rely on you paying the minimum amount owed under your 100th birthday. Spend your January checking exploring your options: maybe you could reshuffle your budget and funnel an extra bit of cash towards your debt, or maybe you could refinance and lower your interest rate. Check out earnest.com for advice on refinancing – also check out their blog; it has some great articles on things like understanding the mysterious world of credit scores and mortgages and all kinds of things.
You won’t know unless you try!
I know it sounds scary (trust me, I’ve been there), but you will feel better afterward even if you don’t have as much financial wiggle room as you’d anticipated. Besides, who knows? Perhaps you’ll be richer than you thought.
So here goes…
My money saving challenge for the glorious, epic year that will be 2017…
January – March…
I really need to up my meal planning game. I’ve gotten a lot better with it over the past couple of months, but I need to be more vigilant. I know that cutting down by a third seems intense, but we’re planning on cutting down on the booze (sad face). We don’t drink excessively by any means, but by cutting down to a couple of bottles a week, we could save ?£15 a week. Hell yes.
Oh, and for those of you that get a holiday bonus and have no debt consider spending the ‘spare’ third on next Christmas – sure, it’s early, but you could get a great deal on things like cards, wrapping paper, and even gifts. It’s DEFINITELY worth making a list of purchases you need to make over the year, just so you can put the money aside and buy ’em when they’re cheap.
April – June…
I’m currently touch-typing this at a speed of…well, a snail moving through glue. Still, practice makes perfect. I’d love for 2017 to be the year that I can start making a significant amount of money from home. And then I’d need to be very self-disciplined and not quit my job immediately because if I work my bum off I can save up my deposit all the quicker. And then retire and get to work rescuing every dog/cat/donkey in the world.
July – September…
Aaaah, this one’ll be the most annoying. Why? Because this is the challenge that’s purely reliant on my will-power. Which is weaker than a newborn kitten. Urgh. Still, eating out (for me anyway) is something I tend to regret afterwards because, as delicious as it is, it’s very wasteful.
My plan is this: try to condition myself to look forward to my warm, cosy home and the delicious foods that are within it (that will be already prepped). That way I won’t want to eat out, because what’s better than being able to fall asleep in front of the telly after a delicious meal with a film on? NOTHING, that’s what.
October – December…
I don’t need to take my debit card with me. No emergency will befall me. For a start, I only go out in my hometown, so if the worse happens I can go home. It’s just too easy to overspend on unnecessary things if you’re forever attached to your card. I find that if I decide I need to go home for more money when I’m out, I tend to not want to go back out again. Score.
Thank you, earnest.com for creating the graphics for this post. Aren’t they awesome? They offer student loan refinancing, so they’re pretty on the money about, er, money (at least I make myself laugh) and know a lot about saving it throughout the year.
So, are we all set for the new year? We got this? Yeah, definitely. Let’s make 2017 the year we all cracked our finances (if you don’t even know where to start, sign up for my free course and I’ll get you sorted). I’d say let’s make it better than 2016, but I think we should all agree to forget 2016 ever happened since it sucked massively.
Now, if you don’t mind, I’m off to spend my set-aside treat money in Ikea. Well, we’re going on Thursday (we think it’ll be the quietest day of the week), so until I’ll be sitting in front of the TV watching Harry Potter. As you were.