Make a financial New Year’s resolution for 2021!
We’ve seen the back of 2020, and now a New Year is upon us. I’m sure many of us try and set ourselves a new year’s resolution each year, whether that be to lose weight, exercise more, or drink less alcohol. These resolutions often require you to have less of what you enjoy, so this year, why not make a resolution that will get you more of what we all enjoy, money!
Set yourself a goal to save money. This could be a set amount each month or alternatively just one big goal to achieve by the end of the year. There are multiple ways to achieve this. Set aside a certain amount each week, make a savings account and routinely deposit some money into it whenever you can, or make some adjustments to your daily life that can save you some cash. Swap out an expensive brand for a cheaper alternative, cut down on takeaways or reduce other luxuries. Maybe you should even review your subscription services and cancel anything you don’t need or use anymore.
It is very important to review your spending habits regularly. You might be paying a lot more each month than you realise for things you didn’t even know you were paying for in the first place. Been subscribed to a streaming service like Amazon Prime or Netflix but not used it in months? Perhaps you should consider cancelling it and saving yourself the monthly fee. This could then be put into a savings account and safely stored away for whenever you may need it in the future.
Having that extra bit of money will help allow you to do things in the future that you may have been dreaming of for years or it might just save the day in an emergency situation, whether that be an unexpected bill, care costs or fraud. It’s never a bad thing to have money saved up, you never know when you will want or need it!
If you don’t consider yourself to be very good at saving money and want some expert advice, then get in touch with us here at Chilvester Financial. Our team of experts will give you just the advice you need to start saving this year. Your first meeting is absolutely free and from there our team can get to know you and discuss all the options available to you.
Happy New Year from all of us here at Chilvester Financial!