New Year’s has come and gone, and we have moved into the 20’s. I’m of the school of thought that the decade doesn’t begin until next year, but it doesn’t seem to make sense does it, since the teens are finished.
Every year on January 1, people all over the world make lists of New Year’s resolutions. Being human, our lists are often lengthy and one of the most common resolutions is to get fit or lose weight, probably exacerbated by the Christmas pudding that we have all indulged in. So, we rush off to join the gym and we sweat it out regularly for a while. Gyms love January 1.
As the weeks roll on, into February and March, our attendance at the gym begins to taper off. Perhaps we are feeling a bit fitter and we have lost some of the weight. We then allow the other things in our life (and the little man on our shoulder who says it’s all too hard) to take over again which spells the end of our exercise regime.
It doesn’t matter what our resolution for the new year is – what matters is how we apply that resolution to our lives. I’ve changed the way I make a resolution by just picking one thing. This year it is that I will tidy up. It’s pretty broad isn’t it – but it covers lots of things including my:
- Kitchen cupboards
- Financial life
- And so on
I just have to remind myself constantly that this is the goal that I have set myself for 2020, and I have made a good start. But I have to work at it. The kitchen cupboards won’t stay tidy unless I make them that way and be consistent about putting things away in their proper place.
It is the same with anyone’s financial life. You won’t save money or keep proper control on your spending unless you have a plan to keep it tidy. The work that you put in now on planning and budgeting will pay off for you in your later life, that is retirement. If you want to be able to do things in retirement, you need to have the plan in place now so that you can achieve those dreams. The consequence of doing nothing is being restricted in retirement, and perhaps being restricted to living off the age pension.
Give one of our friendly financial advisers a call to assist you to put your plans in place to tidy up your financial life. We are good at it and we can make a difference for you.
Please note this article provides general advice only and has not taken your personal, business or financial circumstances into consideration. If you would like more tailored advice, please contact us today.