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How to Start the New Year Right with Your Finances

New year, new financial plan ...


Posted by Sam Bradford on 04/01/2024 @ 8:00AM

The start of a new year is the perfect opportunity to assess your financial situation and make necessary changes. Creating a solid financial plan is crucial for achieving financial stability and setting yourself up for a better future ...

Remember, it's never too late to start making positive changes for your financial well-being!

Remember, it's never too late to start making positive changes for your financial well-being!

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It can be overwhelming to think about where to begin, but with a few simple steps, you can take control of your finances and start the year off on the right foot:

  • Assess Your Spending

    The first step in creating a financial plan is to understand your current spending habits. Take a look at your bank statements and credit card bills from the past few months to get an idea of where your money is going. This will help you identify areas where you may be overspending and where you can cut back. It's also essential to involve your partner in this process, as it's a team effort to improve your finances.

  • Reduce Spending and Outgoings

    Once you have a clear understanding of your spending, it's time to make some changes. Look for ways to reduce your expenses, such as cutting back on unnecessary subscriptions, dining out less, and finding more affordable alternatives for your daily expenses. It may also be helpful to set a budget for each category of spending and stick to it strictly. This will help you stay on track and avoid overspending.

  • Consolidate Debts

    If you have multiple debts, it can be challenging to keep track of them all and make timely payments. Consolidating your debts into one manageable monthly payment can make it easier to stay on top of your finances. Consider speaking to a financial adviser about the best options for consolidating your debts, such as a debt consolidation loan or balance transfer credit card. This can help you save money on interest and make it easier to pay off your debts.

  • Release Unused Assets

    Another way to improve your financial situation is to release any unused assets you may have. This could include selling items you no longer need, downsizing your home, or even switching to a more affordable car. By releasing unused assets, you can free up some extra cash that can be put towards paying off debts or saving for the future.

  • Consider Switching Jobs

    If you feel like your current job is not providing you with enough financial stability, it may be time to consider switching jobs. Look for opportunities that offer better pay and benefits, which can significantly impact your financial situation. It's also essential to consider the long-term potential of a job, as a higher salary now may not necessarily lead to financial stability in the future.

  • Seek Professional Help

    Creating a financial plan can be overwhelming, and it may be challenging to know where to start. Seeking the help of a financial adviser can be beneficial in setting achievable goals and creating a solid plan to reach them. A financial adviser can also provide valuable advice on investments, retirement planning, and other financial decisions to help you achieve your long-term financial goals.

January is a month of realisation for many of us, where we come face-to-face with past financial habits and a dire need for change. By creating a new financial plan and taking practical steps to reduce spending, consolidate debts, and make smart financial decisions, we can take control of our finances and set ourselves up for a better future.

Remember, it's never too late to start making positive changes for your financial well-being.

Until next time ...



Would you like to know more?

If anything I've written in this blog post resonates with you and you'd like to discover more about a new financial plan for the new year, it may be a great idea to give me a call on 07887 832222 and let's see how I can help.

For regulated financial advice, please visit or for private financial planning with me personally, visit

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About Sam Bradford ...


I have been advising private individuals and businesses as a Financial Planner for over 20 years. I am a Chartered Financial Planner and Fellow of the Personal Finance Society and a Certified Money Coach.

As a Chartered Financial Planner, I hold the highest level of qualification available in the Financial planning profession as well as gaining a masters in Finance in 2021. I set up my own financial planning practice in 2020 to follow my passion of bringing straight forward, honest and easy to understand financial advice to those who need it.

I live in a 400 year old cottage with my husband, 2 dogs (Maia and Greg), 6 chickens and 3 beehives!

I love being outside and in nature and feel right at home digging in the veggie patch or going on road trips to the amazing UK countryside in our trusty camper van! I love being part of our local community and have volunteered as a scout leader for over 15 years as well as being the current President of the Rotary Club of Milton Keynes.

For fun, I also love all things creative from playing my accordion and guitar to painting and knitting! My most recent hobby has been to learn how to ring church bells at our local church (but this is still very much a work in progress!)


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