New Year Resolutions List

It's time to action all of those items on your new year list. If you don't do something now you'll only end up putting it off for another year…

1. Open a savings account. Set up a standing order, making sure it's an affordable amount. Start off aiming low and increase it after six months. Why not set a target for this time next year. (We'll be millionaires Rodders!).
2. As there are fewer people using their mobile phones than expected, companies are competing fiercely against each other. You should review your tariff as most are offering competitive price plans to switch - or will allow you to adopt another on your existing phones. One thing's for certain, they won't offer you a cheaper service without you asking, so get off your behind right now!
3. Those of you that have been putting off joining your company pension scheme, should consider this. If you were offered a pay rise of between 3% and 5% for no extra work or hours -What would you say? If you're not a member, you will simply be throwing part of your salary away.
4. Writing a will must be the most popular thing that people never do. We don't like to think about the ultimate event, but many of us should. The law is still very unclear, when it comes to the passing of estates between same sex couples. Make sure your views are expressed and they cannot be disputed by some long lost cousin.
5. Why not switch your credit card balance? Many providers are offering six month deals on cheap or even no interest. You know it makes sense!
6. When was the last time you looked at your mortgage interest rate. It is estimated that between 40 and 50% of mortgage holders are paying their lender's standard variable rate. Over the term of your loan this could cost you thousands of pounds. The mortgage price war is getting hot, with many lenders offering low rates and to pay the costs of switching. Buy now while stocks last!
7. Instead of renewing your home and motor insurance automatically, why not compare deals this year. Many insurers offer teaser rates in the first year. They rely on a large percentage of new customers failing to move on in years two or three. Don't give them the satisfaction. Why not take advantage of the teaser rates every year?
8. If you have money in a savings account and have not opened a cash ISA, you are paying too much tax. You have until 5th of April to take advantage of your £3,000 limit. Any cash held in these accounts will earn tax free interest. Visit Pinkfinance's best deals to find the top rates.
9. If you're struggling under the burden of loan and credit card debts, why not consolidate them into one easy monthly payment. Make sure you're switching to a lower rate of interest or else you won't benefit in the long run.
10. Buying an annual season ticket for travel could save you substantial amounts over the year. If you are unable to raise the lump sum, you could make this one of your savings targets for the year and save ££££ next January.

Tell us about your financial resolutions? Send them to editor@pinkfinance.com

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