Five Saving Tips for January 2019

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Every month offers a unique opportunity to save money but none more important than the savings we can make in January. If you’re like most shoppers, January is the Monday of months. And after a December of serious spending, there is a little too much month at the end of your money leaving you with a budget hangover that feels impossible to cure.

However, we at SaveMoney know how necessary January saving can be, that’s why we’ve put together these five tips to help breathe life back into your bank account.

Cancel Unused Memberships

While January may seem like the perfect time to embark on a world of new subscriptions following the “new year new me” mantra, it is rather a time to relook your existing subscriptions. Subscription boxes, magazine and Ucook packages, lessons you’ve booked in bulk or delivery services you don’t use anymore – take out the old before even considering the new – even if it means paying  a once off cancellation fee when you do want to use them, it will be a long time saving that you can use for future spending.

Sale Savvy

Taking advantage of the after Christmas sales is a mandatory January saving tip.  The aftermass of Christmas spending makes way for great discounts on toiletries, candies, cleaning products, bulk baking goods and gift sets –  all been marked down simply because of their Christmas packaging.

Return For Rands

When Christmas is over, so ends your lying to family members about the ‘great’ gifts they gave you – this opens up an opportunity for you to return them; whether it’s a pair of socks, a book you already own or shoes that are thankfully just as small as they are ugly. TAKE THEM BACK. We’re all guilty of saying we’ll “do it tomorrow” which is short for never – and we miss the returns date period. You can exchange the items you don’t want for the money you don’t have. – you’ll seriously regret not having that money when you’re left with items you didn’t want in the first place.

Or Sell Them

If returning your unwanted items isn’t possible due to store policy or lost slips there is still a way that you can make money from your unwanted items. Sell them – either to friends or family or one of the multiple second-hand online sale sites such as Gumtree, Facebook markets and OLX.

Start the Year with a Fresh Budget

Life changes from year to year, so your budget should change, too. But the new year is the perfect time to review your shopping and budget habits and seeing if you could make some much-needed changes. Whether that’s food, clothes or general shopping, have a look at what you spend and where, and see if there’s easy saving to be done.

If you want to take your January saving further this year take a look at our debt consolidation options as well our tailor-made personal loans fit especially for you and your loved ones.