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Recession-proof your life in 2013

Most families will struggle to make ends meet at some point in their lives. But what if things don’t just get better by themselves? What can you do to recession proof your life and protect your family from the pain of losing everything? The devil, as they say, is in the detail.

Cutting back might not sound like much fun but it can be the easiest way to reduce your outgoings. Where possible, make cuts to your existing bills. Could you dry your clothes on a washing line or an airer instead of using the dryer? Have you got energy saving light bulbs? Do you really need every single Sky channel package? Bear in mind that if you have signed a contract for services then you are probably liable to pay a fee to break it, and some contracts must be paid in full.

If you have a spare room available there are a few things you can do to make some money from it. Maybe you could take in a lodger. If you have a few spare hours a week you could offer an ironing service. You could turn it into a home office and offer secretarial services. Any skill that you have to offer is useful to somebody and could earn you some extra cash.

Are you entitled to any benefits that you aren’t already receiving? Search online to see what you are entitled to. If you already receive some benefits and you have had a change in circumstances recently then you might be entitled to more money. Contact your local benefits advisor and find out what they can do to help you.

You can save a lot of money in interest by paying off your loans early. Speak to your bank or loan provider and ask them what they can recommend. They will usually be able to offer you advice and suggestions that will help you and your family to manage your finances. If you have credit cards, make sure you are getting the best possible deal. Can you switch your balance to a 0% card from another company? Don’t underestimate the money that you can save by switching to another provider for gas and electricity too. Shop around and get the best deal you can for all of your household bills.

Have a clear out. As you sort through each room you could find plenty of things that you no longer use. As long as they are in good condition they will be worth something to somebody else. Make good use of internet selling websites such as ebay and make some money from the things that you and your family have out grown.

If you make some savings around the house and streamline your outgoings you can save yourself hundreds of pounds every year. A couple of hours following one of the tips above can be financially rewarding. If you have a success story or another suggestion feel free to leave us a comment below. Here’s hoping 2013 is your best financial year so far!