The poorest month of the year is here and the economy can be tough for many households. But with a few simple tricks, you can make the money last the whole month.
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Set a budget
A cornerstone of a good economy is a budget. Many people see January as a fresh start, and then setting a budget is perfect.
– For many, January is a fresh start period. I would say like replacing their more expensive habits, how can we bring down our food prices as food costs that affect many. There we also have the combination that many people want to eat a little more healthily, maybe cook a little more at home, plan their purchases, says Shoka Åhrmansavings economist at the insurance company SPP, to P1 Morning.
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Sell the bad Christmas present
In December, many people spend a little too much money on Christmas presents, which can make the coffers empty in January. If you need to expand your wallet, it can be a great opportunity to sell something that you have at home, maybe that Christmas present that you didn’t want?
– Selling something you don’t want, maybe something you got for Christmas that you won’t use. Many of us have quite a lot at home that we can get rid of, so it’s a good time to get a few extra pennies there, says Åhrman to the radio channel.
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Find cheap fun
Despite the tough economy of recent years, Swedish households have not given up on entertainment, says Shoka Åhrman. But pleasures like going out to restaurants go quickly and become expensive, so cutting back on them can save you a lot of money.
– Find cheap entertainment where we can sort of have more cozy evenings at home and so on instead of eating out, so we should be able to get through January, she says.
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Then you lose up to SEK 7,160 in monthly salary
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