Welcome to the New Year. I have a simple message to kick off the new Year …and that is…
Don’t Give Up
Keep up the planning and the scrimping and the sacrificing and doing things a better way. Continue to be generous but sensible. Use cash wisely, and don’t purchase things you do not need. Keep track of all your expenses and stick to the plan.
If you haven’t already listed your debts…do it now.
List them in order, lowest balance to highest balance. Be real, be honest with your self. Assess the situation, once you know how bad it is you can be stirred into action.
If you haven’t worked out an expenditure plan…do it now.
Start off the year on the right foot. Commit yourself and your family and reduce expenditure. Find smart ways to reduce the outgoings. Take charge, reduce the incidence of the salesman winning over your winning.
Recheck your mobile phone plan – is it the best.
Recheck your internet plan – is it still the cheapest.
Pay TV – do you need it?
Have a look at your insurances – have you got what you need, not what your broker seems to think is a good idea.
Do you need that third car?
Do you need the second car?
Have you got a bulky goods grocery shop option? Or a cheap supermarket nearby? Buy in bulk. But don’t buy stuff that you do not use, just because you can save in bulk.
Get ready for higher electricity and gas prices. What can you do to reduce your energy usage? Teach the kids on the importance of reducing energy use – turn off the light, only use the heater when you need it. Reduce the thermostat of the central heating. Don’t use the clothes dryer except for emergencies. Wash your clothes before you need them and hang them to dry.
There are lots of things that you can do to cut expenditure and re-prioritise your spending to debt reduction.
If you have a job, be thankful, there are plenty of people that do not have a job and are looking for one.
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