Screw down your budget for 2014
'Tis the season for overeating, over-celebrating and over-spending. Once the tinsel settles, you'll probably be setting your 2014 resolutions to eat less, party less and spend less.
The new year is the perfect time to sit down with your budget and assess your 2014 plan.
By regularly reviewing your finances, you can make sure you're getting the best rates, reaching your savings goals and paying off any debt.
● Review all your regular payments:
Do you have any direct debits or automatic payments that have changed? Has your power bill increased or decreased? Are your children growing and eating more, or has the cost of groceries gone up? Or, are you receiving more or less income from your job? What about your insurance or mobile phone plan - can you get better deals this year?
Consider any debt, like credit or store cards. Can you make those payments a priority in 2014? By taking a close look at payments now, you can adjust where needed and possibly even save extra money over the next year.
● Move along to your savings account:
Are you on target to reach the goals that you were working toward in 2013? Do you have any big events that coming up soon that you'll need to save a little extra for? Think about how you can adjust your budget, how can you spend a little less or earn a little more, to free up money toward your new savings goal.
For now, get back to the holiday celebrations - and revisit these tips on January 1!