Januworry isn’t just a Twitter hashtag – that post-holiday account hangover is a real issue. Zoya Pon looks at five beliefs that pave the path to Januworry and shares tips on how to save before it’s too late
‘Many of us have a fantasy about how Christmas should be,’ says clinical psychologist Tanya van de Water, who identified specific thoughts that cause us to make bad financial decisions over the holidays. ‘We’re bombarded by the media from all sides about how the holidays “should” be, so it is very easy to buy into this,’ she says.
Avoid it: Tanya suggests asking yourself what your ideal holiday looks like, and how much you are willing to spend on it. Sam Beckbessinger, the author of Manage Your Money Like a F*cking Grownup, agrees that it is easier at this time to spend your money without giving it a second thought. ‘A good way to deal with this is to go old school: set yourself a holiday budget, and draw that money out as cash,’ she says. Why? ‘It feels much more real than swiping a card.’ Plus, you can tangibly see what you’re spending [and therefore how much you have left].
And don’t wait – start budgeting from the day you are paid. ‘Pay yourself first’, advises certified financial planner Julian Brookstone, ‘by taking half of your total income, and saving it [possibly in an emergency January savings account], or, if you have debt, by settling some of it. Start with the account that charges the highest interest rate.’ After this, Julian advises putting a number to your essential expenses and using what is left ‘for entertainment and to treat yourself as a reward for all your hard work this year’.
2 ‘WHAT WILL PEOPLE THINK?’
Continue reading your story on the app
Continue reading your story in the magazine
Bump, Tumble, Go Faster!
Mummies,CleopatrasandCaiRollers roller derby is taking off among EGYPTIAN women, who find a sense of empowerment through the rowdy contact sport
Plastic (Less Than) Fantastic
We all want to help save the planet, but sometimes knowing how is the hardest part. Here are your need-to-knows, plus hassle-free ways you can help to make a difference.
Dating Is Almost Always Daunting, But When YouRe Watching Your Biological Clock, It Gives A Whole New Meaning To The Phrase Time Is Of The Essence, Says Sarah Sahagian
‘No Man Owns My Music'
SoulfulhitmakerSHEKHINAHspeaks her mind on fame,the challenges faced by women in the music industry, and her debut album ROSE GOLD as a metaphor for the pursuit of perfection
Hacking The Code
Does your genetic code hold the key to optimal health? The new science ofepigeneticssays it does...
How To Quit Like A Winner
Resigning Has Become A More Common Feature Of Working Life. Heres How To Pull It Off As Successfully As Possible
A.L.T, From A To Z
Legendary fashion editorAndrLeon Talley has had a truly unique life in the international fashion world, and has left his mark as a pioneer in fashion and its slow move towards diversity
Sex, Love & Artificial Intelligence
We live in an era that has a potential digital fix for everything, including, recently, the substitution of AI robots for human romantic partners. Afika Jadezweni explores what the future of relationships looks like and if AI could transform human sexual intercourse for better or for worse...
Afraid – So What?
French photojournalist VRONIQUE DE VIGUERIE is not afraid of bad guys, killers or rapists. She photographed the battle of Mosul, boarded a ship full of rebels in Niger, and tracked bloodthirsty insurgents while five months pregnant. Here, she tells KATIE BREEN more about her journey behind the lens.
The Women Who Sued Isis
Sold as a sex slave to brutal Is is warriors at the age of 19, Nadia Murad made a desperate escape. now, the 2018 Nobel Peace Prize laureate has joined forces with human rights lawyer Amal Clooney to bring the men responsible to justice.
YOUR GUIDE TO GIVING
Take a closer look at whether you’re getting the most bang for your donated bucks.
SMART MOVES TO MAKE BEFORE YEAR-END
There’s still time to save money and shape up your personal finances before the clock strikes 12 on New Year’s Eve.
Fast Company's Impact Council presents a blueprint for change
THE KIPLINGER DIVIDEND 15 A Bounce-Back Year for Dividends
All of our favorite dividend stocks hiked payouts over the past year, and yields, on average, trounced the yield of the S&P 500.
Know When to Hold 'Em
Universal Pictures’ Donna Langley acted fast to save the studio’s tentpole films. But, as she explains, the business was changing anyway.
Make Your Portfolio More Defensive
Risk is rising on Wall Street. Make sure you’re prepared.
Big Tech Won't Save Us
Societal problems only seem to get worse when Silicon Valley puts its mind to fixing them. But there is a glimmer of hope.
The Inheritance Challenge
Some inherited assets are tax-friendly, but under new rules, others come with a hefty tax bill. We help you get the most out of a legacy.
Rethinking the power of nutrition
KATE FARMS' INNOVATIVE APPROACH TO NUTRITION OFFERS A NEW OPTION FOR PEOPLE WITH HEALTH CONDITIONS OR ON A WELLNESS JOURNEY
Roaring Twenties 2.0
Stock market boom? Check. Economy on fire? For now. But this century isn’t like the last in important ways.