Financial Health Expert's Tips: How to Survive the Year's Poorest Weeks

Anyfin ABJanuary 24, 2024

Financial Health Expert's Tips: How to Survive the Year's Poorest Weeks

Stockholm, January 21, 2024 – December was expensive, and now the wait until payday can feel unbearably long. How can you manage your finances better during the year's leanest weeks? Felix Sjöholm, financial health expert at Anyfin, shares his 7 best tips.

Prioritize Correctly

Pay your most important expenses first: rent, electricity, home insurance, and unemployment insurance. Maybe set aside a small food budget too, so you know it will last the whole month.

If You Can't Pay

Call the person or company you can't pay and explain your situation. Many times, things can be resolved. The most important thing here is not to bury your head in the sand.

Stop Buying

Only buy what you absolutely need during January and February. New clothes, gadgets, and takeout coffee can wait until later.

Resist Temptation

Unsubscribe from various newsletters that tempt you with offers and reduce the risk of impulse buying.

Be Honest with Your Friends

It's perfectly normal not to afford going to restaurants, cafes, or other activities that cost money. Many can probably relate, especially in this economic climate.

Sell Something

The beginning of the year is the best time to declutter at home. It's so refreshing to have a fresh start, right? Take a round in the attic, basement, or closet. There are surely things you don't use.

Prioritize Your Debts

If you have loans, installment payments, or interest-bearing credit card bills: prioritize paying off the loans with the highest interest rates first. This way, you avoid spending unnecessarily much money on interest. Also, try to renegotiate the terms and reduce the costs of your existing loans.

Anyfin's financial health expert Felix Sjöholm holds a degree in economics from the School of Business, Economics and Law at the University of Gothenburg and has previously worked as a client manager and analyst at various companies in the finance industry.


Sweden (English)
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Sweden (English)

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Representative example

A refinancing loan of 5,000 SEK at 17.06% nominal interest rate with a repayment period of 18 months, with 18 installments of 317 SEK, results in a total effective interest rate of 18.46%. The total repayment amount will be 5,702 SEK.

The maximum amount that can be refinanced with Anyfin is 300,000 SEK. The loan term can be as short as 1 month and as long as 120 months, depending on the current term. The nominal interest rate can range from a minimum of 6.48% to a maximum of 19.90%. The effective interest rate can range from a minimum of 6.68% to a maximum of 22.01%.