The holidays are almost over and unfortunately, this means many renters will be crying foul as they open those credit card statements and survey the damage. Here are a few tips to get you back on track if your budget took a hit this holiday season.
- Revisit your Budget: With unexpected and overextended expenses now cutting into your monthly budget, it may be time to take a second look at your expenditure allotments.
- Find Unnecessary Expenses: Odds are that you still have a few sections in your budget that could stand some shrinking, and in order to cover the excess from the holiday season, it may be necessary to make those cuts for a month or two until you’re back on track. A few budget sections to consider cutting include the entertainment and travel budget sections. Yes, this means that you may be spending a few extra nights in and settling for the bus over cabs.
- Utilize the Savings Account: Once you’ve determined the amount that can be cut, put that extra cash somewhere safe, like a savings account, where you won’t be tempted. Do this upon receiving your paycheck, so you will stop yourself from spending it until your bills come due. Then, use the extra cash you’ve saved to pay down those balances.
- Plan Out Expenditures: By using lists to manage your expenses, you can ensure that you are sticking to purchases and expenses that are necessary. This method can also keep you smarter with your current cash flow by helping you to recognize unnecessary purchases more easily.
- Make Purchases through WilliamPaid: By making your necessary, planned purchases through the WilliamPaid Shopping Center, you can earn additional cash back while shopping through our affiliates. Through our cash back feature, our Shopping Center can save you even more on such necessary purchases and provide you with additional funds to go toward that balance as well.
The end of the holiday season can be just as stressful if not more so for renters; however, with a little patience and diligence, a fully recovery from the holiday budget hangover is not far away. What other methods do you use to recover from heavy holiday bills?
StumbleUpon
twitter
reddit
