How To Sort Your Money Out

This year is the year to sort all aspects of your life out, but the main one being your money situation. 
It’s time to stop panicking, getting upset, and getting yourself down when it comes to your money.It isn't as hard or as daunting as you might think. I've gone through similar situations and here's some advice that as helped me work on these areas one by one and build my finances back up

Addressing The Problem
Like with anything, the first thing you need to do is figure out how you ended up here. You probably never intended for it to get this far or maybe you've been pretending to yourself everything is fine. But actually admitting you have a problem is the first step in getting back on track.

If you’ve got issues coming from multiple different areas then you need to tackle them one by one. If you break everything down into little parts it doesn't seem as scary.

One of the easiest to do is possibly one you can’t get out of. Did you go onto higher education and wrack yourself up a student loan bill. Well, you just can’t get out of paying that, but what you can do is make it easier to pay back. There are companies out there, such as, who will get your debt cleared by different lenders, who you will then owe the money to instead. The repayments will often be a lot easier to manage, so it definitely is worth looking into.

If you're a serial shopper and keep putting clothes on store cards, or using the by now pay later online shops, then this is a harder one to get out of. You need to start changing your habits. Having self control is the first step, then clearing the rest down one by one is the next.

Keep Track Of Your Money
I mentioned in my post here about my favourite apps that I use an app called Spending Tracker that I use to keep track of my outgoings and incomings. The more aware I am of my financial state the less likely I am to spend. Burying your head in the sand doesn't help and it will catch you up.

Create A Budget
And stick to it most importantly. I mentioned in post here that I tend to have my budgeted money for the week in cash, so that way I can see how much I'm spending and if I spend it all, then thats my money gone for the week.

Pay Things On Time
Speak to the companies you owe money to and make sure they know when your payday is and when you have money so they can organise payment days accordingly. Set up direct debits so you don't have to think twice about making payments on time.

Be Organised
Keep track of all your bills and statements. Keep them organised and filed away incase you need them.

Talk To A Professional
Charities like Step Change can offer great advice or ask a family member or friend for advice. Also I found talking to my bank really helped. They weren't judgemental at all and even were able to pay me back some of the bank charges I had incurred. If you are struggling to make payments with any company, then speak to their financial aid team. They can help offer realistic payment plans and are super helpful

Prevent It In The Future
Prevention is key. Once you start clearing things down, your mind will feel so much clearer, and your life seem a lot easier. But you want to make sure it doesn’t happen again. If you are someone who is a serial shopper, you need to learn to save for the things you want in life, rather than getting them with money you don’t have, and will most likely have to pay back in the future with money you don’t have.

Start to build up some savings, even if it is just 10 a month. It might not be much, but every little bit helps.

Savings are good for the things you don’t expect in life as well. If you’ve got a car, they don’t always run perfectly forever, so having a little bit put away for emergencies is going to help you so much more than stressing if the situation did ever come around.

Read my advice about how to avoid debt here
Read my money saving advice post here

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