January is one of the hardest months of the year and most people often have no money. The thrill of December is gone and people have to face reality whether it’s paying for school fees, stationery and going back to work.
The over indulging and excessive spending of December can leave you financially crippled and leaving you with no money for the first month of the year.
Lebogang Gaoaketse, communications, social media and PR manager at WesBank has advice on how to better equip yourself for the toughest month of all.
“December’s overindulgences can become January’s problems, forcing people to play catch-up with their finances in the first few months of the New Year,” said Gaoaketse.
Don’t be tempted to cancel December debit orders
Whatever you do, do not cancel your December debit orders to fulfill other financial commitments. This will get you into more debt and your bebit order will double in January.
Draw up a Christmas shoppinmg list
This way you will be able to manage your money and know what to get and what not to get. This will help you save up for January.
Another best way would be to save up for December and rather keep your December paycheck for January costs. This will create a more harmonious and celebratory festive season and a peaceful January.