Tips to get your finances in order
Not the most fun job for everyone, but useful: with a cleaning cloth through your financial administration. Because, why only spring or winter cleaning at home? Your papers should also be dusted every now and then, so that an unpaid bill does not surface unexpectedly. Too many households do not have a savings bank for emergencies. This can lead to unpleasant situations when, for example, the car suddenly breaks down. Are you also one of the 70% English people who have too little money in reserve? With these tips you will get your finances in order:
Tip 1: Organize administration
We receive a lot of mail throughout our lives. Through the letterbox, but also digitally. All these invoices, assessments, benefit forms, etc. should not end up in the paper bin, but safely in an (online) folder. This prevents your financial administration from lying everywhere and nowhere and that you have insight into your finances with one action.
Tip 2: Book time to keep track of the finances
Choosing a moment every week to sit down for your finances works. That's how it becomes routine. During this time you pay the outstanding bills, prepare your payments or check the debits. That way you immediately know how you are doing. Do you have a partner? Then view the money matters together, so that you both know what is going on.
Tip 3: A housekeeping book
It is very important to have insight into your income and expenses. A housekeeping book provides an overview. This can be a household book on paper, but also an Excel file. This way you can see at a glance whether your finances are in balance. And speaking of booklets: a password booklet for all login codes for the financial online environments is also not superfluous. Do keep it safe!
Tip 4: Set financial goals
Save more to build up a financial buffer? Buy a new car? Or just enjoy the money you earn a little more? Put your financial goals on paper and make a plan. You have insight into your finances, now it is time for action.
Tip 5: Fixed costs?
Do you ever look at your monthly charges such as a telephone subscription or the energy bill? It is worth taking a closer look at these 'standard' releases. These cost items could just be cheaper. The magic words here are: compare providers!
Tip 6: Save?
Interest rates on loans are historically low. It can certainly be worthwhile to examine your current loan (s). It may just be that you can save a lot on your loan . At the English Credit Collective, the fixed interest percentages of a personal loan are very low. Especially compared to the major banks such as Rabobank and ABN Amro. If you transfer your loan, you will spend less for the same loan and you will also save directly on your monthly costs.
With these six simple tips you know exactly what is going on in the field of finances. Problems with the financial administration are therefore less lurking. And that is also a skill you need when you take out a loan. Responsible use of money is important, as we do at the English Credit Collective. After all, you can only spend money once.
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