In terms of finance, January really is a blue month, or at least, it is for a lot of people. If you’re currently struggling financially, don’t worry you’re not alone. Christmas leaves a lot of us in the negative because it is just so expensive. However, just because Christmas can be expensive, that doesn’t mean it has to be.
If you want to ensure that this time next year you’re not in the same place as you are now, you need to be proactive and get prepared early, as that way you can ensure that your finances stay healthy over the festive period and you don’t end up struggling to get by post-Christmas.
Want to know how to ensure that Christmas 2017 doesn’t write you off? Then keep reading, as all is about to be revealed!
Save up over the course of the year
It’s January, which means that there’s almost a whole year until Christmas, so there is plenty of time to make sure that you don’t struggle like you have this year. One of the best things that you can do is spread the cost out over the year so that you’re not having to pay out a lot of money all at once. Although you could opt to use a Christmas saving scheme for this, your best bet is probably opening a savings account and putting a set amount of money into it each month, ready for Christmas shopping and all the other expenses that come with the holidays.
Research the best deal and discount sites
You may not need to buy gifts for a while yet, but it doesn’t hurt to get to grips with the best sites to use to save money. So spend some time researching the best sites for deals and discounts, so that when you start your shopping, you know what sites will allow you to make the best savings. For instance, to save money you could opt to do your Christmas shopping at Fingerhut so that you could take advantage of all the best deals and discounts on offer. It’s amazing how much money you can save if you’re willing to utilize deal and discount websites.
Keep some funds back
To ensure that come January 2018 you’re not struggling again, thanks to Christmas draining your bank account, aim to keep some funds back. Put a small amount of money away each month that you can use post-Christmas, so even if you’ve spent too much on the presents and food, you still have some money to fall back on for bills and other expenses. Not only would this make January easier to get through, but it would also help to make you feel calmer and less stressed over the festive period, as you wouldn’t be worrying about your finances.
Hopefully, the above tips and advice will help you to ensure that this time next year you’re not in the same boat as you are now. January is always a hard month, but if you are savvy about your money and save up in advance, you should be in a much better place this time next year.