A lot of people embrace January 1st as a beacon of hope. It’s a new year, which means a new start, a new you, and new ways to make the most out of your life.
For a lot of people, their New Year’s resolution will involve earning more money, or saving more and spending less. The month of January is quieter than most; a lot of people are away on holidays, and many businesses are either slow or shut altogether. This can mean it’s an ideal time of year to put extra thought into your financial situation, for both the short-term and the long-term.
It’s a good time to have a solid look at the year ahead and think about what you’d like to spend your money on this year, and to make sure you’re in a good position to make this happen. Would you like to go on a long holiday? Do you think you might buy a new car? Or an investment property? Maybe this year you’ll resolve to keep a closer eye on retirement?
Or if you run a business, you’ll want to use the quietness in January to have a real think about your business strategy when you have a bit of time to breathe. You should think through what your business goals are for the year. Expansion, downsizing, switching suppliers and paying employees more are all important factors to take into account when considering the year ahead in finances.
It’s important to think about your financial planning needs as soon as possible, as you might realise very suddenly that your financial position is less ideal than you thought and is in serious need of improvement.
If you’d like qualified financial advice when planning your year ahead, call New Start Finance today on 1300 132 425.