# Top tips to get your finances in check after the Christmas crunch  Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2017-12-19 Category: FINANCE Category URL: https://financedigest.com/category/finance Meta Title: Top Tips for Post-Christmas Financial Recovery Meta Description: Beat the post-Christmas financial blues with Hitachi Personal Finance's simple steps to refresh your budget, compare bills, declutter, get organised, and URL: https://financedigest.com/top-tips-to-get-your-finances-in-check-after-the-christmas-crunchhtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd191217-1-1736843133882-compressed.jpg) Christmas is a time to eat, drink and most definitely be merry, all of which can take their toll on your bank account. With plenty of festivities taking place throughout December, the opportunity to overspend is all too easy; often leaving your bank account looking less than healthy come January. Personal loan provider, Hitachi Personal Finance, has collated a simple list of top tips for getting your finances back on track post-Christmas. 1. **Refresh your budget** You may already have a budget in place and it might not feel like anything has changed, but use the New Year as an opportunity to look at your expenditure and update it where necessary. That extra £5 on the [car insurance](https://www.financedigest.com/things-you-do-that-increase-your-car-insurance.html "Things You Do That Increase Your Car Insurance") or added spend on a gym membership may not seem like much, but it can all add up and needs accounting for. Keeping your budget in-check means you will have a clearer idea of what you have left over each month, reducing the likelihood of overspending. 2. **Compare the market** While you’re in the process of updating your budget, it’s a good opportunity to also look at your bills to see where you can get a better deal and [save money](https://www.financedigest.com/how-to-save-money-on-important-documents.html "How to Save Money on Important Documents"). Looking around at different deals on your utility bills can often result in significant savings, so get these in place as early as possible, to put your finances in the best position for the [year ahead](https://www.financedigest.com/the-year-ahead-top-payments-trends-to-watch-out-for-in-2022.html "The year ahead: Top payments trends to watch out for in 2022"). 3. **De-clutter** Whether it’s duplicate presents or clothes that just aren’t quite to your taste, we all end up with things we [don’t necessarily](https://www.financedigest.com/spiralling-azure-costs-dont-necessarily-mean-your-cloud-strategy-is-off-course.html "Spiralling Azure costs don’t necessarily mean your cloud strategy is off course") want or need at Christmas. What’s more, when the shiny new [things replace](https://www.financedigest.com/iomt-internet-of-medical-things-to-accelerate-the-transcatheter-heart-valve-replacement-repair-market.html "IoMT (Internet of Medical Things) to accelerate the Transcatheter Heart Valve Replacement Repair Market") the existing ones, the old items often end up tucked away in a cupboard to gather dust. But before you reach for the bin bags, consider [selling your unwanted items to earn](https://www.financedigest.com/how-to-earn-money-selling-sneakers.html "How to earn money selling sneakers") a bit of extra cash. 4. **Get organised** If you have any debt that you’re trying to get rid of, then take stock and prioritise what you want to pay off first. Those with higher interest rates are likely to cost you more in the long-run, so it’s generally a good idea to start with these, and leave any with no interest until last. 5. **Go dry for January** The Dry January initiative is not only a great way to get your health and fitness [back on track in the New Year](https://www.financedigest.com/why-well-look-back-on-2022-as-a-defining-year-for-fintech.html "Why we’ll look back on 2022 as a defining year for fintech"), but it’s also an effective way of easing some pressure on your finances during the month. Get your friends and family on-board to take on the challenge together and you’ll soon see how much you can save by giving up alcohol. If [cutting out that glass of wine isn’t for you, or you’re not a big drinker anyway, consider cutting out something else that you do spend](https://www.financedigest.com/uk-maps-out-return-to-higher-foreign-aid-spending-after-covid-cuts.html "UK maps out return to higher foreign aid spending after COVID cuts") on, such as meals out or Saturday shopping sprees. 6. **Start saving for [next year](https://www.financedigest.com/musk-says-tesla-will-launch-prototype-of-humanoid-robot-next-year.html "Musk says Tesla will launch prototype of humanoid robot next year")** It may seem too early to be thinking about [next year](https://www.financedigest.com/uber-rival-bolt-seeks-to-turn-profitable-next-year-ipo-in-2025.html "Uber rival Bolt seeks to turn profitable next year, IPO in 2025") when this one has only just begun, but it’s never too soon to start planning. January is a great time to get your savings plan in place for the year ahead, and you’ll be glad you did when you don’t have to suffer the festive hangover this time next year. Factor your savings [plan into your budget](https://www.financedigest.com/how-financial-planning-starts-with-a-new-approach-to-budgeting-and-forecasting.html "How financial planning starts with a new approach to budgeting and forecasting") and keep a regular check on it throughout the year to make sure it’s feasible and on track. A spokesperson from Hitachi Personal Finance added: “Once Christmas is out of the way, it can often leave us, and our bank accounts, feeling somewhat deflated. However, with a few considerations, January can be a good time to get your finances on [track not only for the month](https://www.financedigest.com/dollar-on-track-for-best-month-since-2015.html "Dollar on track for best month since 2015"), but for year ahead too.” --- This blog is powered by Superblog. 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