30 days to get your finances in order
The bills keep arriving and you feel like you are drowning. You barely have enough money to see you through the month after pay day, but is there a way to get out of this mess – quickly? If you adopt the right strategies, you can get your finances in order within 30 days, as long as you are committed to achieving results. These are some ways to get your finances back in shape as quickly as possible.
Get your credit report
In order to start getting your finances back on track, you need to get a better understanding of what state they are currently in. The best way to do this is to access your credit report, which will show your debtors and how much you owe. It is also important to determine any errors on your credit file and contact the company directly. If you are not on the voting register, this is another aspect which can affect your credit rating. Analysing your credit report is not the most enjoyable task for those who owe a lot of money – but it is best to go into this with your eyes open. Whatever the results, there are plenty of ways to make improvements and get your finances back in order.
Increase your income
It may not be as easy as it sounds, but improving your finances naturally means earning and saving more, so this is what you need to set your mind to do. It may be that you can pick up some overtime in your work, do another job or earn in other ways, such as selling on eBay. It doesn’t matter if you increase your earnings by as little as £10 per month – every penny helps.
Track your budget
The best way to start sorting out your finances is to understand where you are spending your money – and you may just be surprised with the results. Work out exactly how much you are spending and what you are bringing in, categorise these to see where your money is going and you’ll be able to start cutting costs to save money. It is important to remember that although this seems like it will be a bit of a pain to do; you might feel that it’s ruining your fun in some ways – but bear in mind that by making these small changes, you’ll be able to benefit by having better and more rewarding things in the long term. If you get your finances in order, you will have the spare cash for better things, such as holidays etc., so take care of your finances now for the results in the future.
Take a look at your current suppliers and see if you can get a better deal elsewhere. For instance, your gas and electricity, mobile phone and broadband. There are lots of price comparison websites out there, so there is no excuse not to get the best deal on the market. If you change your suppliers, make sure you do this via a cashback website, as you can pick up some ‘free’ money this way and make some extra cash.
It is good if you can put some money away each month, but there are also other ways to make savings. Your bank account may be offering features which you didn’t realise and these could be saving you money on your everyday expenses. What about your Boots advantage card or store card, are you making use of these? These are all small savings, which can add up over the year, so check what your suppliers are offering, you’ll probably find that there are lots of benefits you were not aware of.
Find free activities
Just because you’re trying to save money, it doesn’t mean you need to lock yourself at home – there are plenty of activities out there to enjoy. A quick search for free activities in your local area will give you a good idea of what you can do, without spending much (or any!) money. You will probably find that there are lots of enjoyable activities out there which you would never have even thought of before and you might end up seeing more of your local area too.