Tuesday, 30 December 2008
Taking control of your money
« My new year's blogging resolution | Main | New look site goes live on the biggest day of the year »Getting your finances in order is one of the smartest new year's reslutions you can make. The problem is that, well, it's rather dull isn't it. Exercising actually makes you feel good - biological fact. Going through paperwork makes you feel...sleepy.
Well nobody said it was easy but these recessionary times being laid off in 2009 a distinct possibility for many of us, it makes sense to get organised. And reducing debt is really only half the story. There's a lot more you can do to feel more in control of your finances.
Here's a list of really dull things that could just keep you sane...god knows you'll need a good buddy to work with on this lot!
1) As interest rates drop, maintain your current repayments to stay ahead.
2) Roll multiple pension plans into one.
3) Get to know your local bank manager or staff member well enough to be recognised in branch or on the phone.
4) Make a budget and stick to it - dah!
5) Open a Christmas club account and save a little each week towards next year.
6) Consolidate your credit cards into one debt and shop around for the best balance transfer rate.
7) Make a will or update it if necessary.
8) Check that insurance policies provide sufficient cover.
It's all too easy to just let these things pass. But if you're in a rut, this is a useful checklist for getting back on track. Good luck.
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