A LOT of people will use the New Year to get their finances in order after Christmas.
And a woman has revealed her FiloFax trick that gets her to stop spending money on unnecessary things – and it helps her wipe off debt.
TikTok user Nikki, who posts as @dylandfyn, showed how she allocates her notes in a portfolio binder so that she has enough for every expense.
She wrote: “This is the first time that we fill our wallet with money.
“2022 Week 1”.
Nikki showed how she sets aside different amounts for various areas of her life, from gasoline to going out and Christmas.
Each week she adds the amount she wrote in each section, for example £ 15 for take out or £ 5 for toiletries.
This helps her keep the money she has on budget and helps her invest the money she has left in fighting her debt.
She explained, “Some people don’t need to do this.
Nikki added that if she didn’t budget herself for each item, she would just be spending her money “for fun.”
She explained, “I’ve tried so many different ways, but I find the money is easily spent or not initially saved when it’s in the account.
“It pays my debt faster. “
She added that she got her wallet in savings for £ 12 from Amazon.
A lot of people were very impressed with his technique, one of them said, “I love it. “
We previously shared five ways to easily save £ 5,000 this year, from a Smarties tube to an envelope hack.
For more budgeting tips, check out these savers’ best ways to budget, from stuffing envelopes to a savings ladder.
Plus mum reveals how she ended January ‘spending free’ and saved £ 1.5,000, here’s how you can too.
the-sun : I clear my debts using a FiloFax to sort all my money