January is a tough month for many people. The joys of December usually creates unforeseen expenses, forcing some to fall into their overdraft, others max out their credit cards. With inevitable direct debits lurking above our accounts like a bad storm threatening to drop at any moment and the accompanying gloomy weather the new year brings, it’s not surprising that so many people suffer from the ‘January Blues’. If you are not already in your overdraft or haven’t maxed out your credit cards, then January is a very tempting month to do so. The saddest thing is that many people will be taking on additional debt to pay for utilities due to overspending during Christmas.
Well, have I got news for you! You don’t have to attend the ‘January Blues’ event this year as it’s fully booked, so no access for you!
Instead I would like to share some tips with you on what helps me to get through January months like a ‘Boss’.
Stay Happy- Listen to happy music, watch happy TV, exercise, go for walks, and enjoy nature.
Find free activities in your local library, church or community centres. Also, search online for activities in your local area.
Try something new and inexpensive. Visit free museums and galleries.
Have a no spend Month. Find out about what a no-spend challenge is and how to do one.
Ask friends and family to join you on a no-spend challenge.
Leave your debit and credit cards at home. Have £20 in your purse/wallet for emergencies only- as foreign as it may feel to not tap/use wireless pay these days, i assure you- you can still pay with cash.
Use up what you have in the bathroom (such as half-empty shampoos, conditioners and body lotions.
If you have roommates or house share agree to use each other’s things for one month only.
Shop at cheaper alternatives to supermarkets such as Aldi or local markets for essential items.
Meal prep each week.
Buy brandless items, they can still do the job.
Use up everything that is in your cupboard. Take stock of the items in your cupboards, fridge and freezer and put together a meal plan based on the use by and best before dates.
Cook a large number of meals and freeze them to last longer.
Save money on food shopping and go vegetarian for a month. You will save money, discover new meals and improve your health all at the same time.
See what you can sell on eBay, Facebook or to friends and family to get extra cash.
Offer to babysit or help friends and family out for some cash.
Kill time by decluttering. Use this time to clear out wardrobes, cabinets, the offices or the garage.
Do some inexpensive DIY.
Immerse yourself in a book – A financial book sounds like a good idea (Here are some of my favourite financial books).
Use one or all of the above tip to get through January with no money. The most important thing is you don’t worsen your situation by getting further into debt. If you are able to survive through January broke , you will surprise yourself with what you can achieve!