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January is often a difficult month financially. Not only do most people spend a lot of extra money in December, they tend to get paid early in December as well. This means that there can be five or six weeks between pay cheques and this can be a big struggle. It is wise to therefore see how you can cut your spending in January in order to manage.

Often the January sales can tempt us to spend money that we do not have. It is worth remembering that reduced items are things that shops have not been able to sell and therefore things that no one wanted. If you did not buy them before they were reduced why do you need them now? It may seem like a bargain, but if you have to borrow money in order to afford it, then it will cost a lot more.  It can be wise to avoid the sales completely so that you are not tempted to spend more money than you can afford.

If you are struggling to pay bills, then get in touch with the companies that you owe money to and see whether you can pay a bit less just for January, they may allow you to delay a payment until you get paid at the end of the month or to make a smaller payment.

People often buy too much food in December, so you may have lots of left overs. Try to use up what you have in freezers and cupboards before you buy more and that will save some money. Many people also want to lose some weight after Christmas excess so cut down your portion sizes and save money that way as well. Try to freeze leftovers as you get them so that you can use them up later rather than eating them up or throwing them away. A few bits and pieces form several meals could be fried up to make an interesting new dish!

Heating can be a problem in January as it is expensive and it is a cold month. If you are on a pre-paid meter you will have to pay for it in advance and this can be costly. Try to layer up, keep curtains closed and seal up draughts and keep moving to keep warm. Go out and use other people’s heating in libraries and such like and drink lots of warm drinks. If you are not on a pre-paid meter it may not be so bad, but try to still use cheaper ways to stay warm if you can to avoid your bills going up.

It can often be tempting to spend money when we go in shops or even walking past. It is therefore wise, if you know that you are likely to do this, to avoid going to shops. So avoid going to any areas with shops unless you specifically need to buy something and then go with a list and work hard on only getting those things that you really need.