The winter months are a notoriously harder period for many people to get through, as the darker days and colder weeks often create a more miserable atmosphere. It also has a significant impact on a lot of peoples’ finances around this time.
There may be Christmas bonuses to enjoy, but with the increasing heating bills and all the spending associated with the festive period, this can soon disappear. To avoid ending up completely broke in the new year, there are several ways to efficiently manage your household spending over winter.
It is important that you budget well all year round, but winter is an especially key time as you don’t want to end up out of pocket and unable to afford your heating. Begin saving for the winter period early on to reduce the pressure on your wallet when the cold weather sets in.
There are many budgeting tools available online which can be used effectively to arrange your winter spending. This is especially helpful when working out how much money will be spent buying presents for friends and family, along with covering household bills, food and drink, car, fuel and any other household costs.
Seek Financial Help
Even when you save and budget in advance, things can crop up which negatively affect your winter finances. Financial help is available to aid in dealing with such situations, such as guarantor loans from TrustTwo.
Whether it is help with heating bills, car repairs or anything else, financial help can be a real lifesaver across the festive period. Advice services exist which can be great in the run up to winter to get your finances in order. While if you do consider borrowing to help tide you over, ensure you will be able to meet all the repayment terms.
Cut Energy Bills
Energy bills always increase over winter, as the colder weather requires the heating to be on more and at a higher temperature. Counteract these rising costs with some of the various money-saving energy tips.
Air seal you home, so that heat doesn’t escape from any gaps around the hinges, top and bottom of doors and windows. Install LED lights which are a lot more efficient, both for decorative Christmas and everyday illumination. Lower the blinds and curtains when it’s not sunny to keep heat in too, and simply wear an extra layer rather than turning the thermostat up.