Have you made any New Year resolutions? I do wonder if people are less inclined to because of how tough it is out there. But I want to challenge you to make just a few small resolutions that could make a difference to your long-term future - and the local economy.

I’ll start with the local economy. As Jill has written about elsewhere we are challenging you to spend even just one pound a week locally. One pound by everyone spent at the corner shop, the butchers, bakers, greengrocers or with a local tradesperson, could make a lot of difference to the local economy and help us through this rough patch.

Now let’s look at what you can be doing for yourself to make your life better in the future.

Firstly, how about working on any debt you have? You may have run up debts on credit cards over the festive break. Now is the time to work out how to pay those off. Clearing debts before focusing on saving makes sense, especially if you are paying high interest on those debts. And if you are, can you reduce that interest rate with a balance transfer? There are 0% balance transfers out there, often with a small fee, but they can still save you money.

Once you have the debts under control, you can look at saving. Getting into the routine of saving, with a regular amount put away each month, is the best way to get into the habit. If possible, aim to put away between 10 and 15 per cent of your income each month. Once you have money set aside for those unexpected expenses (the boiler packs in, the roof leaks, the car needs major repairs), you can save for the longer term.

To keep the finances under control, how about being a bit more organised! Start budgeting. Keep an eye on what is coming and going. Then if you do have any unexpected expenses, you will be in a much better position to cope because you have a clearer idea of your financial situation.

And finally, how about learning a bit more about personal finance? There are plenty of good books and websites out there. For example, the Money Advice Service, set up by the Government. And we post regular blogs, videos and podcasts.

And of course, if you need a bit of professional advice, we are always here, just get in touch.