How to reset your finances this spring before the holiday rush

USE a spring reset to get ahead of the ‘silly season. For many, September feels like a reset button. The days are longer, the weather warmer, and, according to a recent survey by digital lender Finchoice, more than 90% of surveyed customers see spring as a ‘fresh start; especially when it comes to money matters. It’s the perfect time to look ahead and get your finances in shape before the festive season's pressures hit.

- CRAIG WHITTAKER

The first step is to look back

Financial ‘shocks’ are often more predictable than one might realise. If you had to pay additional school fees, had more than one family birthday in a specific month, or had to buy your child’s cricket shoes last year, the chances are that these expenses will pop up again. Planning for them now means they won't be emergencies later.

Audit your monthly spend

This time of the year is perfect to clear out things you don’t use anymore, from those good quality shoes your child has outgrown (donate or sell) to streaming subscriptions you hardly use (cancel). Something as simple as not shopping when youre hungry can help cut down on impulse food buys that chip away at your budget. And, be deliberate about entertainment, because spontaneous spending adds up fast. Set a plan for how many outings you'll have each month... And stick to it.

Get in control