Personal Finance

3 Tips To Get Your Finances Back On Track In 2022


It can be all too easy to fall into bad financial habits and before you know it, you’re in a bit of a tricky situation.

However, if you are looking to make 2022 the year that you get your finances back on track and regain control, then there are some things you can do to get there.

In this article, we are going to share 3 excellent tips for getting your finances back on track in 2022 giving you more freedom and security.

How To Get Your Finances Back On Track

Financial Planning

Exceed Your Minimum Payments

Many of us are guilty of only meeting the minimum repayments on our loans or credit cards, however, doing this can mean that it takes much longer to pay the debt off. On top of this, you will likely end up paying more interest,

If it is at all possible, you should try to exceed the minimum payments, for example, if the minimum is £50, try to stretch it to £75.

Not only will this mean you pay your debts off sooner but it will also mean that accounts will be more quickly removed from your credit file, giving your rating a healthy boost.

Reduce Loan Rates

Quite often people happily pay their loans back with an exceptionally high-interest rate, when there might be a better deal elsewhere. If you are looking to take greater control of your financial situation, reducing your loan rates can provide you with some genuine relief.

When shopping for a better deal, it is important to take your time to make sure you find exactly the right product for you.


A common mistake that people make when trying to handle their finances is that they do not come up with a plan for their money. Setting a budget not only allows you to see what money is allocated where but it also gives you the advantage of never overspending.

It’s not difficult to dip into your overdraft for the Saturday night takeaway or overspend on your credit card when you want that must-have item, however, in the long term, this is extremely bad for your finances.

At each payday, it is a wise idea to write down all of your outgoings for that period and work out what money you have leftover.

With this, you can then allocate money for day to day essentials such as food and household items, put some aside for a rainy day and set yourself a budget of what you can spend on ‘luxury’ items.

Once you have created your budget, it requires discipline to stick to it, but if you do it won’t be long before you start to see the benefits of it.


It might seem impossible to create a plan to get your finances back on track, but there are ways in which it can be done. Most of which have a minimal impact on your life.

Making small changes to the way you pay off debts and manage your money can lead to greater financial security.

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About the author

Michael Austin

Michael Austin is a Internet Entrepreneur, Blogger, Day Dreamer, Business Guy, Fitness Freak and Digital Marketing Specialist. He also helps companies to grow their online businesses.