Do them now and the impact will last all year. The best thing is to set aside a few hours to go through them all – this can save you thousands.
This year I solve …
1) Buy and save for next Christmas NOW
Before Christmas is the most expensive time to buy, January sales are the cheapest; so if you can, shop now to save money next Christmas. Also, set aside a twelfth of the cost each month in a savings account and allow them to pay interest (see point nine).
2) Check if I can reduce £ 1,000,000 of mortgage payments of the year
Mortgage rates are close to historic lows. So everyone checks now if you are the best deal. Use www.mse.me/mortgagebestbuy or MoneyFacts.co.uk to find your cheapest rate.
So if it looks like you can save money, use a mortgage broker who can find lenders most likely to accept you.
READ MORE: Martin Lewis: Is it cheaper to turn the heat on and off or keep it low all day?
4) Finally abandon my bank account and get up to £ 175
If you didn't trade in 2019 and don't regularly sing your bank's compliments, you're missing out. As it is the beginning of a new year, many banks have a new marketing budget and are willing to pay a lot of hard money for you to exchange them.
Switch to the Advance account on www.hsbc.co.uk and you will receive a cash bonus of £ 175, or www.firstdirect.com is now offering a bonus of £ 100 (over £ 50), and many will also receive a bonus. zero percentage of £ 250 overdraft. In both accounts, there are minimum payments and criteria you need to meet, as well as your reading before applying. Plus you get access to a regular 2.75% saver.
5) Reduce credit card interest by $ 100 or $ 1,000 this year
The easiest way to reduce credit card debt is by transferring debt to a zero percent balance transfer card – this is where you get a new card (s) that pays off. the existing card debts to you, so you owe it, but by far the lowest cost, for a small fee. Of course acceptance is the challenge for most.
It's now easier to find that many cards have eligibility checkers, which offer your chances of pre-enrollment. Or you can see most of the best charts together in one place through comparison tools, such as my website, at www.mse.me/balancetransfer.
8) Watch the Martin Lewis Money Show from Monday, 20:00 ITV
An extra free resolution for you and a free plug-in for me – that's what everyone wins. My show is back on air every Monday until the end of February. I will talk about how to cut your bills – you can not lose.
Martin Lewis is the founder and president of MoneySavingExpert.com. To join the 13 million people who receive your free weekly Money Tips email, visit www.moneysavingexpert.com/latesttip