For many of us it’s back to work as normal. The Christmas chocolate has been eaten, we’ve emptied the fridge and freezer and now it’s time to re-stock.
Generally, February is when we start to spend more on shopping, eating out with colleagues and getting back into the gym, if we haven’t already done this January.
It’s also when people are looking around for holiday deals and start planning the year ahead for theatre trips, birthday gifts and some luxuries for something to look forward to. However, with so much uncertainty around regarding how much are energy bills are going up and the cost of living still looking to increase, it’s looking like we will have less money to spend on some of those luxuries that we spent in previous years.
How ever you are spending your money this month, it’s a good idea to keep track on your income and expenditure and you use this handy guide just to make sure you are covering all the necessities such as rent or mortgage, bills and other expenses before shopping around for those luxury items.
As part of your budgeting, you’ll find out what disposable income you have left and if you’d like to book a holiday or need to buy a new car then you will know how much you can afford to pay back each month when you take out an ethical loan with us. And don’t forget that when you borrow from us you are also putting some saving money away and will help to improve your credit score as long as you pay back on time each month.
So don’t be afraid your future trips, getting some home improvements done or buying that new set of wheels you need, as you can spread the cost in an ethical way that you can afford. If you arrange your loan repayments through your payroll, you can also benefit from lower interest rates, making your loan more affordable and easier to manage.
Visit our loan calculator to see what your repayments would be.
