January is a great time to start planning financially for the year ahead. You might be feeling the pinch after Christmas and feel that you don’t want to be in the same position when 2013 comes around. Or perhaps you were working seasonally but are now struggling to find employment, not sure when your next pay cheque will be coming in. If that is the case it is quite difficult to plan for the future, however here is some advice which may make your life easier for 2012.

Once you are ready to start saving, there are a number of ways to do this. Those working freelance are in an interesting position as there may be periods when you have less or more money coming in. The best way to handle these fluctuations is by using your current freelance income to build a cash reserve fund in your company, which can be called upon when you are short of money and need some additional cash for living expenses.

There are all sorts of different types of savings accounts out there, but if your work is a little unstable and you need your cash to be readily available for tougher times, an instant access account is probably best for you. These types of accounts usually offer less interest than for example notice accounts and put a limit on how much you can take out in a day, however they mean that you have ready access to a security fund when needed – a lifesaver for many going through difficult times financially.

Taking out payday loans can never be used as a long-term financial option, but if you have very short-term money problems they can be useful. You should always shop around and make sure you are getting the best deal first and price comparison sites can be a good way of doing this. Before you start trying to save you should attempt to clear any current debts, however, make sure you are careful and consider all of your options before venturing down the path of getting a payday loan.