There’s no time of year more exciting than Christmas – but the truth is that once it ends, it’s common to feel a little blue. The gifts, the meals, the special time with friends and family – they’re all over until next December. And also, there’s usually a financial crunch that comes with wrapping up the holiday season.

If you’re like most people, you probably spent beyond your budget in December. All the presents, meals and travel expenses added up, and now that it’s January, you’re probably dealing with a bit of a spending hangover.

So what’s the cure? If you’re hoping 2017 can be a year of making strong investing decisions, how can you make moves in January to get back on track?

Cutting your January spending

If you’re thinking of taking out a home loan and making a serious commitment to buying property in 2017, the first step is to get yourself back on the path to responsible spending.

In December, you probably overextended yourself financially. It’s time to correct that error in January, making reasonable choices that will keep your finances in good shape. For example, you can cook cheap, healthy meals at home instead of eating out. Instead of seeing a movie in the theater, you can rent one more affordably. These little changes in your habits can help you right the ship.

Rebuilding your credit right away

For anyone who’s considering property investment loans this year, having good credit is a prerequisite. If you added to your credit card debt in December, it’s time to pay off those debts and get more responsible now, according to The Globe and Mail.

If you racked up a lot of credit card debt in December, try to do better in January.If you racked up a lot of credit card debt in December, try to do better in January.

If you’re able to be smart about debt in the early part of 2017, you may be able to quickly rebuild your credit and make yourself look much better on your next loan application.

Planning your investing future

Are you getting ready to invest in property soon? If so, you probably have all sorts of questions. How much can I borrow? When can I borrow it? The list goes on.

The last thing you want to do is complicate that conversation by piling up excessive debt after the holidays. Talk to the experts at Smartline right away, and we can give you the guidance you need to restore your financial health.

You can contact a Smartline Mortgage Adviser on 13 14 97 for mortgage advice. Or complete our call request form and we’ll call you!