4 Financial Resolutions to Kick Start the New Year
The beginning of a new year is the ideal time for setting financial goals. Here are four practical ways you can kick your year off to a great start:
1. Decide what you want to achieve:
Start by paying off debt or commence a savings plan for a new car or family holiday. The main thing is to be decisive.
2. Set a realistic household budget:
This will provide understanding of your finances and identify areas of unnecessary spending, assisting to balance your income and expenses, clear debt and allocate money to other financial goals.
3. Tidy up your filing cabinet:
4. Review your paperwork: Insurances current? Are you adequately covered? Are your Super beneficiaries current? Is your Will current? Getting the best deal on your mortgage? Perhaps it's time to renegotiate!
While the idea of setting a new year's resolution is common, sticking to resolutions and accomplishing them are less so.
If you're not sure where to start, we can help you put processes in place to get your financial resolutions under way.