Five Ways You Can Transform Your February Finances

January is always a really hard month for everybody due to the aftermath of the overspend of Christmas.

That January pay slip also always seems to take much longer to arrive.

“It’s little wonder then that many people end up with the blues at this time of the month.

“But as hard as it is, January can also be the springboard to financial change by adopting a few changes. The answers to transforming your finances in February often lie under your nose.

Here are five ways you can transform your finances in February:

Rent out your space, wardrobe or appliances:

According to research by climate action group WRAP the average adult has around 118 pieces of clothing in their wardrobes but 25% go unworn every year. This adds up to £1.6 billion pounds of wasted earning potential.

Look into renting out your wardrobe to make extra cash via websites such as HURR - hurrcollective.com and By Rotation, (byrotation.com)Lots of tips as to how to make money from your unused clothes can be found on the https://www.stylisa.com website.

New innovative ways to make extra cash could be right under your nose in your home or garage. From bikes and prams to vacuum and chargers,, if you’ve got it, you can rent it on sites such as /fatllama.com

Advertise your parking space on https://www.yourparkingspace.co.uk/

or https://www.justpark.com/ or spare rooms on https://www.spareroom.com/

EV owners with charging points can even rent out their charger to those who are unable to install one on co-charger.com

Embrace imperfect produce:

Buying mis-shaped produce can save you money on your weekly shop. Many supermarkets offer much cheaper items that, while cosmetically imperfect, are perfectly good to eat. Plan meals around them or use them to create jams, pickles, soups, or smoothies.

Learn to haggle:

Ask for discounts on all February purchases, even if it’s not the norm. Do your research beforehand by comparing prices online or at other stores. Mentioning a competitor’s lower price can give you some good leverage.

Look for opportunities to negotiate further—such as discounts on flawed items or additional perks like free delivery, installation, or service packages for big purchases. If you don’t ask, you definitely won’t get.

Enjoy free books and entertainment:

Join your local library to borrow books, eBooks, eAudiobooks and eMagazines and attend a wide variety of events. All for free! Use calendar reminders or app notifications to track due dates and avoid late fees.

Lots of towns and cities in the country have free attractions – simply do an online search for “Free things to do in…” and insert your location. You’ll be surprised at the number of galleries, museums and cathedrals that don’t charge an admission fee or offer reduced ones at specific times. Details of free activities in your area are readily available on local tourist office, council and library websites.

Sell your unused gift cards:

Turn unused gift cards into cash by selling them online on websites such as https://www.cardyard.co.uk/ or https://cards2cash.co.uk/

This time of year is ideal for selling with Valentine’s Day and half term on the calendar.

To avoid scams, only use reputable websites. If you only have leftover balances on gift cards, consider using them as part of a larger purchase instead.

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