With only two months to go until Christmas, and just a little longer until the New Year, some people may already be thinking about their New Year’s resolutions for 2012. After a very difficult couple of years in terms of finances, one hugely popular resolution is likely to be relating to reducing outgoings and streamlining finances, which many people will be hoping to do in 2012.

However, for those who want to kick off the New Year in a solid financial position, it is wise to act now and start the ball rolling rather than waiting until 2012 is here before taking the first steps towards healthier finances. By doing some research and making a few changes over the next few weeks, many people will be able to start the New Year as they mean to go on – with healthier finances and perhaps a little extra disposable income.

One of the things that those who want to reduce their debt repayments in order to boost disposable income can do is look at consolidating their loans and debts into one lower rate loan. This can often reduce the amount paid out each month significantly as well as making it easier to manage debts due to reducing the number of creditors that have to be dealt with.

Another way to reduce outgoings is to look at switching various services to cheaper alternatives, which can include things such as energy suppliers, broadband and phone services, vehicle and home insurance – any service where you may be able to make savings by switching to another plan or provider. Whilst the individual savings on switching may seem small, they can soon add up and those who switch a range of services to cheaper ones can quickly notice the difference.