21 Resolutions for 2021
The turn of the New Year is an opportunity (or excuse) to change our behaviour. Changing personal finances is always in the conversation at this time. Here are 21 New Years resolutions to (try and) follow
- Spend less than you make
- Work with an advisor to get a formal financial plan
- Own the world: diversify within and between asset classes
- Splurge, but only infrequently to maximize happiness
- Understand financial behaviour
- Invest like a champion
- Spend money in ways that increase happiness: charitable giving and time with loved ones
- Automate every part of your financial life
- Teach someone else about the power of saving and investing
- Learn to savour and appreciate what you already have
- Save at least 1% more than you did last year
- Check out your credit report
- Declutter: get rid of everything you don’t use or love
- Make a (realistic) spending plan
- Track your net worth
- Make one extra mortgage payment
- Create a “vision board” with your three top financial goals
- Make bite-sized financial goals with rewards for completion
- Choose experiences over stuff
- Rebalance according to your future spending goals
- Have fun and buy things that matter to you - you can’t take any of your money with you