Happy 2014 to you all, from everyone at Mr Lender.
It’s a new year, we’re all making resolutions, and January is probably the toughest month of all, (not just on our wallets, but our health and minds probably need a kickstart too).
Don’t let money troubles get you down.
Don’t despair! Check out our quick guide to cutting back and saving big in January.
Set yourself a target.
This could be a holiday, or a new gadget, but focus on the amount you want to save and give yourself a strict deadline. Then stick to it.
Switch energy providers.
Switching energy providers can give you considerable savings
How many bills can come out in one month?! We’ve talked about this before, and right now is the best time to negotiate discounts and offers from alternative providers. Check out our previous blog here for more info. Weigh up monthly direct debit payments v quarterly, balance out what you can truly afford.
Use our budget planner.
We gave you a monthly budget planner a while back, so put it to good use. If you’re using your own, ensure you’re honest and input every small detail, (yes even that fancy coffee you just treated yourself to).
Needs vs wants.
The dress in sales which you think is a bargain, which is the wrong size, and that you’ll never really wear…do you really NEED it? Focus on the wants/needs/must haves. Write more lists if you have to. Remember your goal.
Made a resolution? Stick to it!
Stop smoking for your health AND your wallet.
Are you a smoker? Use the NHS calculator to find out how much you can save.
Quitting your 20 a day habit will save you £223 a month. Let that sink in.
That’s a fast way to save some precious cash, and your loved ones will definitely be grateful.
Like a quick pint after work? Spreading 20 of them over a week amounts to over £4000 per year. That’s a HUGE amount of potential savings.
In fact the smoking/drinking savings alone amount to a monthly average of £566 – so have a think, and cut down if necessary.
Spring clean with help from Ebay!
Auction off unused stuff in your house to help make money go further
Receive a new phone for Christmas? Create a seller account and place the older one on ebay. How about those clothes you haven’t worn for a year? Place them on Ebay. DVDs, books and records with low starting bids will also sell. Extend your selling circle from UK only to worldwide and you’ll be astounded at how many extra sales you can make.
Not sure how to use Ebay? Ebay themselves have some great pointers!
Health and Fitness
Healthy wallets and healthy living for 2014.
Some of you have probably vowed to eat healthy and exercise more in 2014.
Gym memberships can be costly, especially when you sign up in the new year on a whim, and give up in February – and then you’re tied to a costly 12 month contract. Have you tried trawling voucher code sites for free day passes or even checking to see if you have low cost options in your area? The Gym for example, offers PAYG options, and they don’t compromise on quality of the gym equipment.
If a gym still seems like too much hard work, check out Park Run, it’s a free service each Saturday, where you get to meet like minded runners, and get fit at the same time. Highly recommend!
Additionally, save cash on food by taking your lunch into work, learn how to batch cook and trawl Google for budget recipes. There is so much you can do! If you’re planning a dinner party, get friends to cook a dish each. It is also a myth that healthy food is more expensive. Just know where to shop, and shop smart. Have a recipe that calls for 1 carrot – why buy a bag of 12?!
At Mr Lender, we will never encourage you to borrow from us, unless it is absolutely essential, so budget wisely in January and stay within your means.