With the new year comes a great opportunity to look back on the past year and consider ways to change your life for the better. At Walter the Vault, we believe that the New Year is the perfect time to take a moment and reflect on our financial wellbeing, decision-making, and goals.
You may be wondering just what this looks like. Well, to tell the truth, there are tons of different ways you can do this! You can discuss it with your family, create a chart, or simply journal it out.
No matter how you decide to reflect on your financial journey this past year, discussing your financial goals with the little ones will be the perfect opportunity to teach them goal-setting, financial literacy, and so much more.
There are a few important questions you may want to consider as you set some goals to smash this new year. These may include:
The Goals You Set Last Year
Did you set some financial goals for yourself last year? This is the perfect opportunity to reflect on these goals. What did you do to reach them? What drove you away from your goals? Were your goals realistic?
Your Current Financial Situation
Before we can even consider jumping into setting financial goals for the new year, we have to consider where we stand financially. As you develop a clear understanding of the foundation you are starting this year, you’ll be able to create achievable financial goals that will help you master your money.
This Year’s Financial Goals
Now that you have mastered last year’s financial situation, you can create realistic goals to absolutely smash this year. You can take this time to make a budget, plan big purchases, and set goals for your savings and investing accounts.
Now that you have prepared for your yearly financial review, you can go forth and embrace your inner money master!