It’s time to do that one thing people hate most of all – Looking at your bank statement and evaluating it thoroughly.
It sucks, especially when you are in trouble and having money worries, but we promise you, you’ll feel a lot more in control of your situation after you’ve taken this first step.
To Do:
Print off the last 3-12 months of your bank statements. You can just look online, but having the ability to make side notes really helps.
Begin putting numbers or letters next to items on your statement.
- 1 = Crucially important for your lifestyle – i.e. paying the mortgage or rent
- 2 = Very important, such as food, insurance for car, petrol, utilities etc
- 3 = Important but your won’t die if you didn’t have it, such as Gym memberships, subscriptions to magazines etc
Start switching now! Switching providers is the fastest way to save money. See it as spending but only smarter. You don’t always have to go ‘without’, however if you can do without something, you’ll boost the amount of money you keep.