It’s hard to believe, but spring really is just around the corner and here at Burton and Fisher, we think that there’s no better time to stop pushing those financial responsibilities back and start tackling them head on.
After all, spring is the perfect time to have a good clean out of everything – including your finances! They don’t call it spring cleaning for nothing!
Get Rid of Any Unnecessary Expenses
Take the time to look through your latest bank statements and find out where your money really is going.
More often than not, people identify payments that they no longer want or need to make, but simply haven’t got around to stopping the payments coming out of their account. This could be anything from a small subscription that you’d forgotten about to more expensive memberships which you no longer use.
Identify each unnecessary expense and decide whether you still need to be paying this out regularly. The more you get rid of, the more money you will be able to save each month.
Use Comparative Tools
Rather than settling for paying the same for your bills every year, it’s recommended that you search around for potential savings using comparative tools which you can find on the internet.
These tools act as a search engine for potential deals on a wide range of bills, such as utility bills, car insurance, home insurance and broadband prices. There are quite often savings to be had, and these tools are designed to help you find the best deal for you and your specific circumstances.
Don’t be paying more than you need to – shop around for cheaper bills and you’ll be better off financially in the long run.
Don’t Throw Away Your Paperwork
In order to successfully gauge how you are faring financially, it’s important to have access to all your financial paperwork from the past few months – even maybe up to a year.
This will give you a breakdown of your finances month by month, so you can see how much money was going out of your account and what finances you have coming in.
You may find that some months were worse than others money wise simply because the car broke down and needed repair whereas others you managed to save more money as you didn’t have huge bills coming out.
The sooner you find out exactly how you are managing your finances and get yourself into a habit of knowing what money you have and what it is being spent on, the easier it will get to get or stay on track with your financial future.
However, if you’re finding it hard to get to that point and need some assistance with personal financial planning in Lancaster, don’t hesitate to get in touch with us here at Burton and Fisher today – we’re more than happy to help!