New year, new you, right? That’s the philosophy that most people head into January with, and there are various ways we all try to overhaul our lives. One way in which people try to change is by sorting out their money and trying to improve their financial situation. Of course, this isn’t something that you should endeavor to do throughout January. Here are some fresh money saving tips that you should take with you throughout the next twelve months.

Pay Off Current Debt

First of all, it’s important to consider any current debt that you may have. After all, you won’t be able to save up much cash if you are putting every extra penny towards debt and loan repayments. If your debt is quite expensive and you are paying back a lot in interest, then it could be worth refinancing with a different and much more cheaper loan. If you have more than one debt you are trying to pay back, you will probably find the repayments easier to manage if you consolidate into one monthly loan.

Find A New Bank

When was the last time you considered your bank accounts? If it hasn’t been for a while, you might benefit from reviewing your current benefits and seeing if you could reap even better financial benefits by switching to the FCU or similar organization. You might find that a different bank offers you a better interest rate on your savings, for instance, and this can help you build up your savings over the long term.

Give Up Your Daily Starbucks

Do you pop to your nearest coffee shop to pick up a latte or cappuccino on your way into the office? If so, it could be worth reevaluating this hobby and thinking about cutting back on your bought daily coffees. If you buy a reusable travel mug and make your own coffee at home, you could save a couple of hundred dollars each year. Not only that, though, but you could make your favorite drink to a healthier recipe so you can also save on calories.

Educate Yourself About Financial Products

One of the main issues that some individuals have when it comes to money is that they don’t know enough about the financial products that are available to them. Your goal over 2019 should be to educate yourself about various financial products so that you can research the best one for you and your money. Once you know how to correctly invest your money, you will find that you can benefit from some very good returns indeed.

Write Down Your Goals

It’s always good to have some goals so that you can keep focused and working towards good things in your finances. Make sure you write down these goals so that you don’t lose sight of them.

How will you work on your finances over the next twelve months? The tips above should offer you some inspiration and can help you get into an even better financial position.