If you have had a brilliant festive period, it is only natural that you will be looking to make the most of the year that comes ahead. At this time of year, a lot of people focus on the changes they can make in their life and this usually comes in the form of New Year’s Resolutions. New Year resolutions can boost your finances so have a think to see if there is a way you can move forward with your finances.

Some money saving tips that may be of benefit or interest to you include:

• If you buy a cup of coffee every morning on the way to work, giving this purchase up could save you close to £800 in a year!
• If you are an impulse buyer, cutting out one purchase of this nature a month could save you £600 over the course of a year
• If you are a big fan of takeaways, cutting out a weekly takeaway from your annual spend could save you over £1,000
• If you are a chocoholic, removing your daily bar from your diet could save you over £350 in a year
• If you have a gym membership but don’t actually use it, cancelling it could save you around £600 over a year
• If you commute to work, switching to cycling or walking could save you close to £2,000 a year
• Signing up for a car club could save you over £3,500 every single year
• If you decided to grow your own fruit and vegetables you could save around £500 each year

If you are able to incorporate a couple of these changes into your daily or weekly routine, you’ll find that you can make significant changes to your finances in the short and long term. However, there is a need to think about how you can take better control of your finances with respect to moving out of debt.

Save money when you can

It is always good to save money but if you are looking to move out of debt and seriously impact on your finances, you need to think about your bills, how much money you spend every month and your level of income.

It may be that consolidating your debt is the most sensible decision you can make and this is where a guarantor loan could be very handy. Anyone looking to regain control of their finances in 2016 will find that this style of loan can make a massive difference to their outlook. Whether you are keen to make small changes or you are looking to have a huge impact on your finances, now is the ideal time to regain control of your finances.