This post is sponsored by Standard Life
At last we have a little sunshine, and so I am dusting off the cobwebs and starting my spring clean. I’m doing more than just my house I am looking at all of my finances too. I thought it might be useful for me to write down all of the areas that I am looking at over the next two weeks, so I might be able to give you some pointers.
1. Paper Work
Not only am I filing and shredding paperwork. I also make sure we have everything is in the correct place, that sounds so simple, but if you know where to find things, it makes life so much easier. This included guarantees, receipts and bank statements. Having a system in place means, it easy and quick in the long run!
If you haven’t already done this in January, now is a great time to sit down and complete a monthly budget planner. There is a great free one on the Money Savings Experts Site. Be truthful, as this can really help you understand your monthly outgoings and ultimately where you can potentially make savings.
This is when I usually get my yearly Derbyshire Building Society mortgage statements, or pension and annuity statements from Standard Life, and buildings and contents insurance. So I use this time to review the policies that I have, to make sure I have the best deal, also making sure my records are all up to date. In the case of things like buildings and contents insurance, this time of year is usually when policies need renewing, so take the time to seek out the best deal. Its also where I reassess what we are doing for the future, its scary but planning for the future is incredibly important. Are your savings accounts giving you a good rate of interest? Do you have the maximum in tax free saving?
This is where I look at the money that is going out, and ways that we can reduce this as a family. Gas and Electricity is incredibly expensive, I was shocked by our bill for the last six months, so I have made it a priority to find a better rate for this. It might be that you find out about loft or cavity wall insulation schemes too, being energy efficient, can saves you so much money.
Once you have filled the budget planner, you can see where the money is going, and it is always possible to reduce it. I really need to reduce my food bill, as, food prices have been creeping up, so has my bill. Its currently up to £130 per week. I plan to do a meal plan each week, to help me reduce this, for the rest of the year.
For the love of Ebay, I here you cry! Well why not turn your unwanted items into cash. As the Mum of two children, they seem to be growing out of things so quickly its actually fairly easy to sell them to someone else using places such as this, or try car boot and garage sales. I love the phrase ‘one man trash is another man’s treasure’ so true! I also think though that by decluttering your home, you declutter the mind.
I hope that I have given you a few ideas, let the cleaning commence!
Thank you for reading
Category: The Blog