Newspaper article Evening Gazette (Middlesbrough, England)

Get Ready to Spring Clean Your Finances; Now Is a Great Time to Give Your Spending Habits an Overhaul and Build a Stronger Financial Future. VICKY SHAW Finds out How to Go about It

Newspaper article Evening Gazette (Middlesbrough, England)

Get Ready to Spring Clean Your Finances; Now Is a Great Time to Give Your Spending Habits an Overhaul and Build a Stronger Financial Future. VICKY SHAW Finds out How to Go about It

Article excerpt

Byline: VICKY SHAW

WE CAN all become complacent with our finances, but as with any bad habits, the first step is admitting something needs to change - and spring is an ideal time to give your money habits a deep clean and refresh.

But, once you've decided to improve your money habits, where do you start? Here are some ideas from TopCashback.co.uk UK director Adam Bullock, for spring cleaning your finances and taking some steps towards a brighter financial future...

1 First, have a 'deep and meaningful' with your finances GET personal with everything you've got coming in as well as what's going out. Look at all your essential versus non-essential outgoings and total up what you're spending on each group.

There are apps available which can do this for you for free, if it's too tricky to do it yourself. It might be the rude awakening you need.

2 Go cold turkey on one of your bad spending habits NOW that you've scrutinised your bank account, you may have found one, if not more bad spending habits. For some, it's impulse buying in supermarkets, for others it's buying yet another dress in the sale. Whatever your bad spending First break down your spending habits habit is, recognise the weakest link in your bank account and stop doing it.

Once you know what you're giving up, remove temptation - whether it's staying off certain parts of social media for a while or resisting clicking on links to 'special offers' arriving in your inbox. If you tell yourself it's only for a short time (to start with) rather than forever, it will be easier to handle.

3 Shop around to save yourself money on your essential outgoings IT'S great that you've made savings on your non-essential outgoings, but what about stuff you have to pay for each month? Shop around using comparison websites to make sure you're getting the best deal for your insurance, for example. Can you negotiate with your broadband provider for a better rate? Loyalty often doesn't pay sadly, so there's bound to be somewhere you make some extra savings. …

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