It's the New Year, time for your financial check up! The New Year's celebrations are over and you've settled into your normal routine. Now is the time to address a few issues that are best handled early in the new year, like:

  • Assess your Current Financial Position: Before you can make goals for the New Year, you need to assess where you stand right now.
  • Assess your net worth? At least once a year you should calculate your net worth to see if you're making financial progress. This will help you set your goals for the year.
  • Assess your Debt Position: Financial situations can change drastically over the course of a year, so doing this simple calculation will tell you if there's a red flag in your finances.
  • Set a new Financial Goal: To stay motivated towards reaching your financial goals, you should review them and make any changes at least once a year.
  • Budget: Situations change over the course of a year, and a new budget to go along with your new goals will keep you on the right track. Do this after you've established your financial goals.

Download our free budget planner here to help you manage your debt.