Financial resolutions

Hi everyone,

Recently I have been working on a money saving project with the company earnest.com. Together we have managed to put together a 2017 money saving plan which I am going to include in this post. I am also going to talk about the importance of understanding your financials. So lets get our saving heads on and have a better financial year.

So as you can see above the money saving challenge is put into 4 quarters. Each quarter spilt up into 3 months. Each month comes with a new challenge for you to try. These are simple changes you can make to your daily life to help have a better financial year. Its all about taking the everyday, and making a lifelong change.

First quarter:

Second quarter:

 

Third quarter:

 

Fourth quarter:

 

So now we have the importance of understanding your financials. It is so important that you understand your financials because then you can budget and work out if you can afford what you want.

 

An example of this is say you have this dream holiday you want to go on. But there is one problem you don't understand your financial situation. This then snowballs causing all sorts of problems. The idea is if you don't know your financials, how can you know if you really can afford this dream holiday? Can you budget enough for spending money as well? What about transport while you there? 

 

It is not only while your there that causes the problem, what about when you get home. Them bills, can you afford them, while still being in a good place financially? 

 

Please bare in mind this is not me saying, you cant have that dream holiday. Because girls and guys out there, I tell you to reach for the stars. But be realistic, can you really afford that at this given moment, whatever it may be.

 

If you are a student and have a student loan. You need to ensure you are financially minded when it comes to spending. A loan wont always be there to catch you when your falling. Yes its fun, you have money to spend. But if you are not wise about it, you will find yourself in a pickle. When you were a student that student loan looked so good. But a few years down the line that's the debt that still follows you around, everywhere. There are people out there that can help you to pay off that dreaded debt that every time you go to do something, you just cant shift from your brain. You can find one way to help here.  

 

So things you can do to understand your financials are:

 

1. Make a monthly budget and stick to it.

2. Work out what your spending and what's coming in. If your spending more than you are receiving you may want to take a close look at you outgoings and see where your going wrong.

3. Be strict with yourself but also allow for treats.

4. Try out this money saving challenge.

 

So this is what I challenge you. Join me and do the money saving challenge with me. Even if you save yourself a small amount here and there. It is something and it builds up. If you want to work out your financials this year and have just a better financial year than you have in the past. What are waiting for? 2017 is your year to change. So lets try doing small things every month to make a difference to our whole year. Let me know in the comments if you will be joining me for a better financial 2017.

 

I would also like to say a massive thank you to the team at earnest.com for letting me help with this amazing opportunity. Together lets make 2017 better than 2016.

 

Love

Zoe x