The festive period is over and with it comes the stresses of getting your finances back on track in the new year. But with lots of different tips and tricks out there, some that work and some that don’t, it can be a challenge to find one that actually works for you. To help you on your way, we have given you a shortlist of the best tips and tricks we believe will help you the most. 

Limit Your Excess Spending As Much As Possible

When it comes to the first few weeks of January, it can often become apparent that you may have overspent on the Christmas budget and can be concerning when it comes to making January’s pay packet last. However, by limiting your excess payments every month by getting rid of ongoing subscriptions that you no longer use, you can reduce your monthly spending amount and make your money go further. 

Sell Any Unwanted Items That You No Longer Need 

Another way that you can make your money go further throughout the month of January is to get rid of older items that you no longer need. Whether it is clothes that have been gathering dust in your wardrobe or it is toys that are being replaced by the ones you just received for Christmas, there are several apps out there that allow you to sell all your unwanted items in just a few clicks. This is an amazing way of freeing up space in your home as well, allowing you to start the new year with a clear mind. 

Pay Back All Monthly Payments On Time 

Though this may seem like an obvious answer, making sure that you are meeting every payment on time is massively important. Not only will it prevent default payments from racking up, but it will enable you to solidify healthy spending habits moving forwards. Whether it is a payment to a payday loans Australia provider you have recently taken out a loan with or payment for car insurance, it is important to make sure that you are meeting these repayments as it will save you significantly more money in the long term without affecting your credit score. 

Begin to Save The Small Change 

The final step you can you can make to bettering your financial position in 2021 is by saving all the small change that you gather in 2021. Whether this is pennies or pound coins, this can all be placed into a jar in the kitchen and can be used as a rainy-day fund. Though it may not amount of much, this can be a small amount of money that you can use to pay for parking on the next day out or even a trip to the coffee shop for your favourite mid-week treats, allowing you to make your money work for you. 

Regardless of whether you are tight on money as a result of overspending in the festive season or you are looking to take charge of your money and make it work for you in 2021, there are several ways that you can go about bettering your finances. 

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