Power-Up Yourself Financially Within 12 Months With To-Do Calendar!

Posted by Emily Rhodes on April 6th, 2024

The sudden financial challenges can be tricky to resolve. Bad luck can be felt when close ones cut off with you in adverse financial conditions. Even if you try to borrow money through mainstream banking institutions, the unavailability of a guarantor can behurtful. 

If you are experiencing the same, then you can still power up your finances easily within 12 months. You need to create a calendar to perform tasks each month, and you can definitely make a remarkable difference to your financial records next year. 

Below, you will find a monthly to-do calendar that can help you thrive in adverse financial conditions. To get a brief idea of the to-do calendar, you are recommended to apply for 12-month loans from direct lenders in the UK. You can apply for these loans if you are short of cash and literally require money for some urgent reasons. 

Let’s explore the to-do calendar list below to improve your financial status within 12 months! 

Month-1: April:

• Search for direct lending options online.
• Check out the legitimacy.
• Compare interest rates.
• Ask the lender to choose a soft credit check to avoid additional credit hits.
• Create an equi-monthly installment.
• Pay your electricity, water, and other bills on time to enhance your credibility.
• Choose the auto-deduction payment option if you generally skip payments to build your credit score.  

Tip: Research the online lender regarding legitimacy and other essential factors. This will help you identify the best online lender who can provide the funds for your financial requirements at fine interest rates. 

Month-2: May:

• Enhance your financial ability by learning new skills and gaining income.
• Focus on part-time or full-time jobs.
• Pay your first installment on time.
• Upgrade your job portals to get a high-paying job.
• Appear for interviews.
• Pay your utility bills on time.
• Check your credit score by referring to credit reference agencies like Experian, Equifax, and TransUnion. Checking these websites monthly will enhance your credibility as a borrower and may improve your credit score.
• On-time pay your bills. 

Month-3: June

• Try to pay an additional amount with your installment.
• Additional payment may show your eagerness to pay the loan faster.
• Assess your credit report with a reputable credit reference agency.
• Check out to see if you have paid all your utility bills in a timely manner.  

Month -4: July

• Do not apply for another loan to avoid financial burden.
• Build your financial awareness.
• Pay your other installment.
• Pay your utility bills. 

Month-5: August

• Start saving now if you are doing a reputed job.
• You can save a small amount.
• Repay your other installment on time.
• Deposit your household bills. 

Month-6: September

• Focus on your skills and elevate your career.
• Pursue a side hustle if you find it to be suitable for your schedule.
• Start investing in reliable options.
• Do not take higher investment risks.
• Ensure on-time repayment.
• Do not miss any utility bills. 

Month-7: October

• Pay extra installment this time if you have extra cash after doing your savings and managing household expenses.
• Avoid additional investments.
• Try to track your present savings and keep a record.
• Keep focusing on your financial literacy and enhance this.
• Take financial tests.
• Again, do not miss your loan repayment.
• Get your bills paid off before the last date. 

Month-8: November

• Track your progress in loan repayment and calculate the remaining amount.
• Cover yourself with favorable medical insurance to avoid loans for medical expenses. This month, you can utilize your extra cash on insurance money. Get yourself covered under the insurance falling in your budget line to avoid financial issues. You can choose a periodical insurance amount |(3 or 6 months) to be paid to avoid a monthly burden
• Not missing the utility bill payment should be your habit now.
• Pay your repayment before the deadline.
• Your utility bills should stay within the last-day payment limit.                       

Month-9: December

• Start saving extra money for your insurance payment.
• Save for your travel and entertainment expenses, as recreation is also important.
• Track your credit record performance through credit reference agencies.
• Repay your installment before the date and also try to repay utility bills just after receiving the receipt for the amount to be paid.
• Again, check your credit score through reputed agencies. 

Month-10: January

• Follow-up on your repayment for installment and utility bills.
• Do extra savings this month if you have successfully paid one and a half payments in advance.
• Reassess your credit score using a credit reference agency. 

Month-11: February

• Pay your remaining balance.
• You are free of loans without issues.
• Now save more and enjoy your financial well-being.
• Keep track of your credit score again.
• This time, again, do not try to miss your bills. 

Month-12: March

• Take advantage of your utility bills.
• Try to take out a loan only if it is urgent.
• If you are still seeking loans with no guarantor from a direct lender, then you can apply for and get approval for your loan.
• Also, do not miss to keep track of your savings and insurance policy. 

Conclusion: 

If you follow the above 12-month calendar, you may be able to power up financially. You may also create your own calendar in which you utilize your income status in a subtle way. But keep track that you are financially aware. Financial awareness will benefit you in many ways. For instance, if you want to do a side hustle, financial awareness can be your niche.