Understandably, not everyone wants to be thinking about January just yet. Not only does it signal the end of Christmas, but it can be tough on your finances too. However, it’s important to plan ahead and avoid unpleasant surprises during the toughest of months.
It goes without saying that setting a budget can be really helpful in making sure you only spend money on what you need. Sometimes, though, things can crop up unexpectedly so it’s useful to have a back-up plan in place, such as being a member of a credit union like CLEVR which gives you access to affordable loans.
This can also be beneficial if you have found yourself in credit card debt as a result of Christmas. A manageable, fixed term loan would allow you to clear your credit card more quickly, reduce the interest, and have a fixed end date for repayments, making it easier for you to keep a grip of your monthly finances.
One positive about January is that it’s a good time to start afresh, so if you only make one New Year’s resolution, make it about saving. A savings account with a Credit Union is dividend bearing and has the added benefit of keeping your money within the local community.