Must-Read Tips For Getting Your Personal Finances In Order

We’re getting to that time of year again when personal finance becomes a real issue.

Not only do you have to spend hundreds of pounds on getting the best presents for you family, but you’ll also have to give a considerable amount of money to the taxman soon. Those who thought ahead would have covered their 2012/13 tax payments already. However, a significant number of people don’t pay until the deadline of January 31st 2015. With all that in mind, you need to start working fast to ensure you cut down on costs and increase your savings. Failure to do that could result in a rather unhappy Christmas for you and your family.

Reduce your home energy costs

Gas and electric bills are usually very high during the winter months. That is because your family will turn the heating on a lot more than they did during the summer. You can reduce your costs by contacting alternative suppliers and seeing what sort of deals that have on offer. You should have no trouble finding one that beats the company you currently use on price. There are lots of comparison websites that can help to make your research that little bit simpler. If you want to go further than that, it might be wise to look into the possibility of switching to LPG. While the initial cost of doing that might be quite high, you will save a lot of money over time. Websites like http://www.changelpg.co.uk are a great place to look for more information on LPG.

Put your savings in a high-interest account

Presuming you have lots of money just sitting in your select account doing nothing useful, you could benefit from getting in touch with your bank. These days, most high street chains offer high-interest savings accounts that could be the perfect place to put your cash. You might even consider asking them to provide information on their best ISA accounts too. Just be warned that you only earn the level of interest they quote if you keep the money in the account continuously. Any withdrawals or transfers will significantly reduce the amount of money you make.

Get a debt management plan

If you’re struggling financially because of high amounts of debt, it could be time to look at the possibility of getting debt management plan. There are lots of specialist companies that provide this service, and so you just need to find one that meets your requirements. Beware though, not all forms of debt can be included in such a plan. Luckily, there are lots of articles that offer great advice.

With the advice in this post, you should now be ready to make preparations for getting your personal finance in order. We hope you manage to do that in time for Christmas as the last thing you want is to spend your holidays worrying about money. No matter how things pan out, we wish you the best of luck and hope to see you back here soon for more informative articles.

Main image by Jason Dirks.

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Master of the budgets. Provider of the tips. Author and owner of Dumbfunded.co.uk.