No one is too old or too smart to set goals for the new year. Especially when it comes to
finances. If you think you’re ready with your assets and investments, think again. There might be more in store for you in the next year. But if you’re planning to make resolutions this year, be sure to include these financial goals:
1. Start building your emergency fund.
Instead of splurging on expensive coffee and accessories for your gadgets, why not put a certain percentage of your salary into an emergency fund? Doing this for a whole year will ensure you that if something unexpected happens, it won’t make a dent on your personal savings. Having an emergency fund will ease anxiety in the future.
2. Find a new income source.
Whether it’s by investing, another job, or through a profitable passion project, make it a goal to find a new income source in 2017. Sometimes our jobs are just enough for us to get by. If your goal is to earn more, you have to stretch yourself a bit by finding ways to earn outside of your day job.
3. Be completely debt-free.
This sounds impossible, right? Don’t fret. You’ve got 12 months to complete this goal. Make it your goal to pay off all debts so that you’ll have more money to invest, save, and spend. If you can’t do it on your own, perhaps you can seek the help of a financial adviser who will plan and manage payments with you.
Just remember, these goals require change and effort. Don’t hesitate to ask for help when you need it. Here’s to a richer 2017!
Thanks for reading. My name is Steven Sorensen, and I’m a CPA and business writer based in Colorado. My goal is to help people reach their financial goals. I also advise businesses on issues such as avoiding employee embezzlement and improving retirement plans. Visit this page to know more about what I do.