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Payday Agency Reveals the Secrets to Successful Personal Money Management

Payday Agency’s secrets to successful money management are revealed here, in their attempt to get the nation in better financial shape


Getting personal finances under control is a popular New Year’s resolution but one which can be tough to keep. Statistics show that 4 out of 5 resolutions are broken after two weeks. Payday Agency is providing a helping hand by revealing their secrets to keeping personal finances in order.

The first step of the Payday Agency money management guide is to work out exactly where your finances are at, by establishing if you owe any money and if so how much. Many people are not aware of the extent of their debt, so this can be a real eye opener.
 The next step is to calculate monthly outgoings and expenses including household utility bills, any loan repayment amounts, groceries etc... From there it is possible to identify areas where spending can be reduced, a small amount per day can make a big difference over the course of a year.

A key piece of advice from Payday Agency is to avoid unnecessary late payment charges by setting up direct debit repayments for any credit cards or store cards. These should be set at the minimum repayment value, any additional money left at the end of the month can be used to make additional payments. 

Ruth Williams of Payday Agency adds “January can be a bleak time of year, with the lull after the Christmas festivities and expenses associated with them. Starting the New Year by tackling finances and facing up to debt can be the best way to set yourself up for a good year.”

Here are some of the ways which Payday Agency suggests to save money - renting DVDs instead of trips to the cinema, making lunch to take to work rather than eating out, cutting out unnecessary car journeys, sharing a lift to work, evaluating grocery expenditure and seeing  if there are cheaper product alternatives. These types of small savings each day can make a big difference.

Prioritising debt is another area where money can be saved. A short term payday loan or a credit card with a high interest rate should be paid off by the agreed date. Moving money around to make the most of interest free credit cards is a good way to reduce long term interest costs and gaining more repayment time.  If debts become unmanageable, it is best to contact the lenders to see if more flexible repayment plans can be arranged.

Payday Agency stresses that treats should still be allowed in moderation in order to keep the feeling of deprivation to a minimum. This will ensure the longevity of good money management and New Year’s resolutions. However, short term sacrifices can really pay off in the long term.

About Payday Agency
Payday Agency is a credible provider of short term loans UK. With competitive rates, no credit checks and no faxing required, Payday Agency can offer hassle free next day loans for emergency expenses . Applications can be made online quickly and easily by going to their website at


 new year’s resolutions
 personal finances
 money management
 loan repayment

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