New Year is just round the corner, the time to move on to better things. You are going to step in 2019, which means to start your life with new exuberance and spirit. Why not learn from your past mistakes and take a pledge not to repeat them? Many of you will be planning to cut down on drink, smoking, join a gym, and develop new skills. Wait, before deciding on a resolution, introspect what change you exactly want instead of following the crowd. It is 2019; think about yourself.
Carnival season will have gone by the time the Sun of 2019 bubbles up, which means a majority of you will find a big hole in your pocket. So why not take a resolution to be frugal in January? New Year gives you the perfect opportunity to take control over your spending to avoid being caught in the painful circle of debts. Multiple repayments will as quickly drain your savings as the pain drains energy from your body. The best resolution for 2019 will be taking unsecured debt consolidation loans. However, there some other resolutions that can give you a leg up even if you are in a tight corner.
Ban on the use of a credit card
Ban! Ban! Ban! Use cash to pay all your outlays whether it is utility expenditure, medical bills or your admission fees. Even if you go on shopping and cinema, use pounds as it restricts you to spend more. If you continue using your credit card, it will pile up your dues, and lenders will be sceptical about your repayment ability.
Unsecured debt consolidation loans
Shake off the headache of paying multiple instalments, which often fall through the cracks. Your all loans will be consolidated into a new one that will be paid off at a new interest rate. If you have a good credit report, you will easily avail this facility. You do not need any collateral and guarantor. However, you have to make sure that you have at least a fair credit score to be eligible for such loans.
Perk up your savings
Saving of your money should be your top priority. You need it even if you qualify for taking an unsecured debt consolidation plan due to high interest rates. Always remember – a penny saved is a penny earned. If you do not have much money to spare, cut back on unnecessary things. Of course, it is easier said than done, but over the time, you will be able to take it in your stride. In the beginning, you might be teed off, but in the end, it will be gratifying when you find your savings rising.
Make a wise budget
A budget will help you give a deep insight into the funds that you have earned and that you owe including your debt instalments. With the help of a budget, you will stay flexible with your spending yet it will prevent you from overspending.
Sell things that you do not need
If you are running out of money, you should sell all unwanted items. If you look over, you will find many unnecessary things in your home. Selling those items will help you have a few pounds as well as making a beautiful space in your house.
Just Wrapping up here…
May 2019 brings lots of prosperity across the world. If you want to live a better life without being embroiled yourself into a never-ending circle of debt, you should follow these financial resolutions. Ultimately, your earnings are what you save.