With 2018 swooping down on us, I’ve had a chance to think about my financial resolutions for the New Year.
The last year has been really hard for me and Jay. We took on a new house that needed a much bigger level of renovation than we originally thought. We’re also planning a wedding in the same year we both moved jobs.
He moved to a new job at the beginning of April and I moved in the middle. We were mid house renovation at the time, and ended up using credit cards to complete the renovation.
We had planned to move in to the house about March 2017, having bought the house in January. But we were renovating it for six months, up until June. This meant, when we moved in, we had ten months to start saving for our wedding, as well as trying to pay off credit card debts.
It’s been an incredible year: the year we bought our house, the year I figured out what I actually wanted to do with my life. It’s been an expensive one too.
The wedding has EXPLODED (no one else to blame other than myself) and it’s becoming bigger and bigger every month. We’re now at 90 day guests and 140 evening guests. It’s been seriously tough, saving £650 per month for the last 6 months, and we’ll be continuing to do so until the month of the wedding (April).
New Year Resolutions
That’s why I’m thinking about financial resolutions for the new year. We want to get some debt paid off, save everything we need to for our wedding without stretching ourselves too thin, and be able to take a trip. We haven’t been on holiday since September 2016, and probably won’t go abroad now until our honeymoon in December 2018.
By the time mortgage, bills, food, petrol money, car insurance, credit card payments, and wedding savings come out, I’m not left with very much. I find it difficult to manage which account to transfer money to and from (I have multiple bank accounts for different things).
How Squirrel Could Help
If this sounds like you as well, an app like Squirrel might help. It makes saving in the new year much easier and manages all your finances for you.
You can select the amounts of your monthly expenses and direct debits, then how much money you want to save each month. The app keeps your savings safe and automatically puts the money for your bills into your account the day before they’re due to come out.
Money that you’re ‘allowed’ to spend on fun things can be put into your account all at once for the month, or can be broken down into weekly amounts.
If you’re the sort of person who spends bill money accidentally, this might be a wonderful solution for you. I love being able to see how much I can spend safely every month without going into an overdraft.
Do you think you could benefit from an app like Squirrel? There’s a free 3-month trial if you want to use it to help keep your financial resolutions in the New Year!