With the New Year upon us, it is easy to see why many people are looking to make serious plans for 2016. There is a great deal to be said for making the most of your money and if you have more cash at your disposal or make serious inroads into the levels of debt that you have, you’ll find that the New Year should be a happier one for you. Money isn’t everything but it is easier to do things, make plans and be confident about certain things if you have more money.
Knowing how can you save money in 2016 will give your finances a boost
What you are looking to give up will depend on what you like doing and what you actually spend your money on. This is why you need to think about what is right for you when it comes to finances but here are some suggestions that may help you to save money and look forward to 2016 with a touch more optimism and hope.
Do you smoke? If you do, quitting smoking can help save you a lot of money
While different people smoke at different rates, if you are someone that smokes around 20 cigarettes a day, you’ll find that you can save over £3,000 every year. If you buy cigarettes from legitimate sources, which isn’t the case for everyone, you are looking at paying an average of around £8.50 for a packet of cigarettes. Even reducing the amount of cigarettes you smoke will help you to save money over the course of the year and this is one of the top tips in knowing how can you save money in 2016.
Do you buy lunch every day?
When it comes to working, it is important that you have a proper lunch to keep you going. However, if you buy your lunch every day, the cost will start to add up very quickly. Figures states that the average person spends £3.69 on their lunch and this amounts to £860 each year. Even if you manage to prepare your lunch a couple of days, you will make a notable saving over the course of the year.
How do you deal with debt
If you have a number of debts, such as credit cards or loans, there is a lot to be said for consolidating your debts and paying them off in one go. If you are able to pay off these debts and then pay off the one loan, you’ll find that you can control your finances in a more effective manner. With this in mind, taking out a guarantor loan is likely to be a very sensible approach to consolidating your debt and improving your finances.