Money At Christmas Surviving The Festive Period Without A New Year
Financial Hangover

Money At Christmas Surviving The Festive Period Without A New Year Financial Hangover



Money always seems to​ be tight. Every year at​ Christmas the​ financial situation always seems to​ get worse. Increased electricity and heating bills to​ pay,​ expensive party food to​ purchase,​ presents to​ buy,​ travel costs to​ visit relatives,​ the​ list seems to​ be endless,​ while finances are certainly not. it​ is​ the​ season to​ be jolly,​ whilst trying to​ forget the​ long-term costs which will emerge in​ the​ New Year.

What can be done to​ reduce the​ New Year financial hangover?

Firstly,​ ensure your incoming finances are being maximised.

If you are in​ work,​ is​ there any part time or​ freelance work that you can do? Often jobs such as​ supermarket shelf stacking can be made to​ fit in​ around other commitments,​ while websites such as​ Dobiz ( http://www.dobiz.net ) have started springing up to​ get freelancers and businesses together. Selling on​ eBay or​ simply returning unwanted gifts can help recover some of​ your own expenditure.

If you are not working,​ then obtaining a​ job is​ the​ most important thing to​ do. Use the​ facilities that are available. the​ Jobcentre can provide some help,​ but it​ is​ frequently better to​ sign up with several agencies who specialise in​ your own area of​ expertise. a​ quick geographically based Google search will normally locate appropriate organisation in​ your area. as​ well as​ using specialist agencies,​ it​ is​ always a​ good idea to​ sign up to​ a​ couple of​ general agencies in​ order to​ get some form of​ temporary work,​ as​ these can often provide short or​ long term contracts to​ keep your finances above water,​ and they can be given up without much of​ a​ period of​ notice and they look better on​ a​ CV than a​ period without any work at​ all. if​ you need help with CV’s or​ interviews,​ then internet searches can provide many sites that will be able to​ help,​ like Capita ( http://www.capitapd.co.uk ) or​ Jobseekersadvice ( http://www.jobseekersadvice.com ).

Regardless of​ your employment situation,​ you also need to​ maximise the​ money you have already. if​ you are using store cards to​ make your purchases,​ don’t. Unless you always pay off the​ entire balance every month,​ you will be paying more than you have to. Store cards usually have a​ very high rate of​ interest,​ and you should be able to​ get a​ much better rate if​ you use a​ credit card. if​ you are using a​ credit card to​ make most of​ your purchases,​ what is​ the​ APR of​ that card,​ and could you get a​ better rate? Many credit cards currently offer introductory 0% transfer rates,​ and the​ increased competition to​ handle your finances is​ leading to​ lower APRs all round. if​ you have a​ loan,​ could you get a​ better deal? Are you getting the​ best return on​ your investments? Comparison websites like Moneynet ( http:www.//moneynet.co.uk ) or​ Fool ( http://www.fool.co.uk ) are there to​ enable you to​ check these details for free,​ quickly and easily,​ in​ order to​ make your money work for you.

The next thing to​ do is​ to​ try to​ reduce your outgoings. Budgeting is​ a​ good way to​ reduce costs. By highlighting how much your regular incoming and outgoings are,​ it​ is​ often easy to​ spot areas that can make huge differences. Most people find that instead of​ having very little money to​ spend each month,​ they are actually frittering away small amounts all the​ time. This pattern of​ small spending rapidly mounts up,​ and can leave little left over to​ spend on​ the​ things that you feel are really worthwhile. Keeping a​ daily record of​ your spending is​ a​ simple step to​ take but it​ can also show where important cuts can be made.

Other ways to​ reduce costs at​ Christmas include recycling last year’s decorations,​ only buying food that will be eaten,​ rather than obtaining large quantities that will end up being thrown away. Do most of​ your shopping online to​ save money on​ presents. Due to​ the​ lower costs of​ running a​ shop online,​ the​ price of​ goods can be considerably lower than in​ the​ High Street. Sites such as​ Kelkoo ( http://www.Kelkoo.co.uk ) and Pricerunner ( http://www.pricerunner.co.uk ) enable you to​ compare prices from various suppliers and find the​ cheapest. Even if​ you prefer to​ buy on​ the​ High Street it​ can still be worth going armed with prices from these sites as​ many High Street shops will discount if​ they know they are beaten on​ price.

If you don’t win the​ lottery in​ the​ New Year and still feel that things have got out of​ control then you need to​ seek advice from one of​ the​ free advice organisations that are set up to​ help. the​ National Debtline ( http://www.nationaldebtline.co.uk ) and the​ Foundation for Credit Counselling ( http://www.cccs.co.uk ) are two non-profit making charities that can help with guides and free personal advice.

Regardless of​ whether you are trying not to​ shed those few extra pounds,​ or​ recover from debt problems,​ a​ few small actions like this can make a​ large difference to​ your New Year.

Disclaimer:
All information contained in​ this article,​ is​ for general information purposes only and should not be construed as​ advice under the​ Financial Services Act 1986.

You are strongly advised to​ take appropriate professional and legal advice before entering into any binding contracts.




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