JANUARY BLUES

How to survive until payday from making extra cash to getting help paying bills

JANUARY can feel like a real drag after Christmas and New Year - not only is it cold and dark but with many of us being paid earlier in December, our wallets are feeling the strain.

If you’re struggling to make it until payday there are things you can do to get through the rest of the month without reaching for an expensive loan or dipping into an overdraft.

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Struggling to make it to payday? From cutting back on splurging to bulk cooking there are ways to save.Credit: Getty - Contributor

Read our handy guide for expert tips on how to make your money stretch into February.

Work out how much money you have left until payday

When money is tight it can be really tempting to put our fingers in our ears and hope for the best - but the best thing you can do is work out exactly how much you have left and make a budget.

Take a close look at your bank accounts, inside your wallet, and even down the back of the sofa. If you have a coin jar or a rainy day fund, count that up too.

Once you’ve worked out how much money you have Citizens Advice recommends making a list of how much money you need to keep aside for essential living costs like food.

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    You can then make another list of the money you owe for things including bills, and work out how much you can afford to pay back before payday.

    The charity has a free online budget planner you can use

    Make sure you get all the money you are entitled to

    If you’re a low income household then you might be entitled to benefits and discounts on things like bills.

    It’s worth checking to make sure you are being paid all the money and help you are entitled to.

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    to search what you might be missing out on.

    The key is you being proactive and not burying your head in the sand

    Gareth Shaw, consumer champion at Which?

    There are also government-funded grants you might be able to apply for that help reduce your energy bills.

    You might be able to bag yourself a new boiler, free insulation, or even a discount on your heating bills if you're on a low income.

    Martin Lewis at Money Saving Expert has a helpful up-to-date of where to look.

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