The New Year has begun, and if you’re reeling from the effects of spending too much over the festive period, don’t panic, you’ve come to the right place.
Our top tips will guide you through getting your finances back on track in no time at all.
Card debt? Shift it to 0% balance transfer card
First off, if you’ve racked up debt on credit cards or store cards and are paying interest on that debt, shift it over to a 0% balance transfer credit card.
Doing so will help you to avoid paying interest on your debt for as long as three years – giving you plenty of breathing space and time to tackle your debt head-on.
The Halifax balance transfer credit card, for example, offers 0% on balance transfers for 40 months, so long as they are carried out within the first 90 days (minimum transfer of £100). This offer ends on February 15.
Just watch out for the transfer fee of 2.95% (again on transfers made within 90 days, otherwise you’ll pay 3%).
Once the 0% period is up, you’ll pay 18.95% pa, so it’s best to clear your balance before then. The card has a representative rate of 18.9% APR (variable)*.