6 min read
Setting and reaching financial goals can be a challenging task. It takes hard work and determination to make lasting changes to your lifestyle to benefit your financial situation. However, there is no time more fitting for fresh starts than the new year…
Here are 5 new year resolutions that you can make an effort to improve your finances in 2022, and a few tips on how you can stick to them!
One of the first things you should do is take a hard look at your current financial situation. What do you need to know before you can start making improvements?
From here, we suggest that you begin a research phase: talk to your trusted friends and family, seek professional advice, and read up on what other people in your situation have done to progress financially.
It is also important that you become not only aware of how to spot financial red flags. This is so if your situation starts to get worse you are more likely to notice before things get too out-of-hand.
An additional tip: Make notes of your findings and keep them in a safe place to review from time to time.
If you are trying to improve your finances in 2022, you may want to consider looking into your credit file and seeing if any changes can be made.
Here are some starting points for improving your credit score:
An additional tip: Sign up for monthly credit file reports from a site like Experian. They offer both a free and paid version. This will allow you to easily monitor your progression and act as a reminder that you set this new year's goal.
Debt can be overwhelming sometimes, which is why it is important to start paying it off as soon as you can. If you’re not sure where to start, make a list of all your current debts. Who do you owe money to? How much do you owe?
Afterward, you may want to consider if you would like to tackle these debts yourself or if you would prefer professional help. Here at Consolidation Express, we can support you in making sure you choose the best debt solution for your situation. All of our advice is honest, confidential, and has your best interest at heart.
We offer debt consolidation loans for people who are seeking to pay off multiple unsecured debts. We consider all credit histories when people apply for a consolidation loan with us – even low ones! Additionally, our online application is designed so that it will not harm your credit score, therefore you have nothing to lose by applying!Get Debt Help
An additional tip: The sooner you can start to pay off your debt, the better.
Creating a budget should help you to understand how much money you’re spending and where you’re spending it. It will allow you to pinpoint problem areas in your spending habits and allow you to find creative ways to cut back in some places.
To create a budget you should:
It is always a good idea to try and save money for the times you may need it most. For example, if your car breaks down or your boiler breaks, having money set aside for repairs and emergencies will make your life much easier.
Don’t be hard on yourself if you were unable to save money last year, it's never too late to start! Even if you only manage to save £5 per week, you are likely to find this beneficial in a time of need.
Whether you’re looking to save some money, get out of debt, or just improve your money situation, these new year resolutions should set you in good stead to achieve your new year goals.Get Debt Help
This online application will not affect your credit score.