With the New Year here, we are filled with so much enthusiasm as we look forward to the new vibes that will be coming our way. We’ve set new resolutions to help us get through the year better people, and they range from achieving financial freedom, keeping fit, prospering in your businesses, eating healthy, staying sober, changing jobs, traveling more, completing school, finding a spouse, starting a family, and the list is endless depending on your current status or phase in life.
However, the reality of things is that despite the change of dates on the calendar – from 2015 to 2016, you’re pretty much the same person, with the same wallet. And after all the festivities that happened in the close of 2015, the wake of 2016 could prove to be quite a challenge – the once vibrant December leads to the expectant January also known as Janworry or Njaanuary. But how do you manage to go through January without feeling the dent in your wallet? Here are some tips you can try out.
- Carry lunch to work. Instead of going to buy lunch that would cost you roughly between KES 200 to KES 400, make a conscious effort to cook a little more dinner so that you can pack some for lunch the following day.
- Limit your fuel consumption by reducing the number of rounds you make in a day. Drive to places that are necessary. Alternatively, opt for public transport once in a while, which will also help you exercise and take walks to places that are close by.
- Budget your money to a tee. You know how much is at your disposal each month. From that, write down all your fixed expenses for the month and pay them as soon as possible. The remaining amount, divide it by the number of days in the month to know how much you can spend each day. That way you will have some control on your finances.
- Try your best not to carry a lot money at any one time. It’s human nature that when you can see it and touch it, then chances are that you’ll want to spend it. For some reason, that’s when you see those shoes you wanted on display, or you get a craving for the milkshake at Java. Simply use your Mfukoni App or Chase Cards to transact when necessary.
- Reduce the cost of your utilities such as electricity and water by conserving it. For instance, don’t leave the lights on when you leave the room, or don’t leave water running as you do you dishes, regulate it.
- Revamp your left overs and make delicious meals out of them and instead of having take out you can just eat in. You can get some ideas of how to play around with your leftovers it here: http://www.idiva.com/photogallery-ifood/10-recipes-to-revamp-leftovers/31747/11.
- Skip gym membership this month and do your work out at home. You can download some work out videos from the internet or get them from your local DVD guy.
- Do your monthly shopping for all the basic necessities. It’s usually much cheaper to buy them in bulk rather than buying them daily. You could also use any of your Chase cards to purchase and get up to 2% cash back this month.
- Look out for great deals from the stores. They are also aware that January is not the month you want to buy stuff at full price and the sales are many. From back to school deals such as Cash Back campaign we’re currently running, to clearance deals in retail stores.
- Make time for yourself and spend some quality time alone. This will help you avoid outings where you’re most likely to spend money you don’t have. You could meditate, watch TV shows or movies, read a book, do some spring cleaning or cook.
What are some of the survival tactics you’re taking up to help you get through January? Leave us a comment below or share with us on Twitter @ChaseBankKenya using #SurvivalTipsForJanuary.
You could also open an Origins Savings Plan today and opt in for the 1 year plan. And next year in January, you’ll be laughing all the way to the bank as you will have earned your 12.1% interest on your savings,. Then you won’t have to be devising survival tips. You can request applications forms to be dispatched to you by:
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