In less than 30 days, it would be 2022 and we would be screaming “Happy New Year”! We’ve earned it!
Did you achieve all your financial goals this year? If you didn’t, you don’t have to berate yourself because the tips below are all you need to get ahead financially in 2022.
No dulling.
1. Budget for 2022:
The best time to prepare for tomorrow was yesterday but a better time is today. Have a budget for 2022 before it comes. A well-laid out budget is the financial compass that should guide you in the coming year. Ensure it captures your expected income for 2022, major expenses and percentages for savings and investment.
2. Open a Savings Account that Gives Interest:
Saving never go out of style but save purposefully and with a financial institution that guarantees interest no matter how little. Inflation rate might continue to skyrocket, don’t let your money devaluate by sitting in a savings account.
3. Research Safe Investment Opportunities:
Don’t wait until it’s 2022 to start scampering for where to put your money to generate high ROI. Most terrible financial decisions are made in a hurry. Take time to find out viable investment opportunities to stake your money. Rich-Oak is a great place to look at when thinking of sure and safe things to invest your money in 2022.
4. Start shutting down Money-spending outlets:
Christmas is coming, resist the urge to splurge money on frivolities. Decide now on how not to spend so much money in 2022. Block credit cards if it helps, review your subscription plans, keep your “chop life” circle small and concentrate on investing on assets or cash flow ventures.
5. Pay Off Your Debts:
If it is possible, start 2022 on a clean slate by ridding yourself of debts. Be determined not to buy non-essential things on credit or fund a lavish lifestyle with debts in 2022.
6. Have a Financial Goal:
While you’re in the spirit of making New Year resolutions for 2022, this might be the best time to include concrete financial goals. The good thing about setting goals is that you have something to look forward to achieving. Do you intend to have saved 1 million at the end of the year or to have acquired assets? Write them down as your goals then roll up your sleeves to achieve them.
7. Speak to a Finance Expert:
Some organizations offer free financial consultation and advisory services. Utilize this opportunity to gain insight into what 2022 will look like in terms of investment, economic reports and how to manage your resources better.
Finally as bonus, be prepared to take investment seriously in 2022. Rich-Oak is your most trusted financial partner and we would be right beside you in 2022.
