How to avoid Janu-worry in 2014
The festive season is upon us and January seems very far away, however so is the next pay day.
For most people, employers pay their employees a few weeks early in December, which may seem like an early holiday gift at the time, but can end up being a very long stretch to your salary in January.
According to head of Consumer Education at FNB, Eunice Sibiya, in order not to get a big financial fright in January you need to have a plan in place for when the New Year comes around.
“This time of year we are often lulled into a false sense of security when it comes to our finances, says Sibiya.
In order to make sure you aren’t in for a nasty surprise and start the New Year in debt, you need to plan for the pay day drought.
Sibiya has given people two tips to avoid the “Janu-worry” trap.
Be price sensitive.
“Don’t fall into the trap of not looking carefully at the price. Be strict and ask yourself if you would usually buy something like this or go out every night of the week,” she says.
“A lot of the time your spending is unnecessary, often driven by the festive spending mood.”
Make sure that you look ahead
“You need to think ahead, look at your expenses and what is going to be due in January, for most people this is the start of school and back to work,” she added.
Turn Janu-worry into Janu-joy.
