As 2018 came to a close, many began to think about how they would plan to make 2019 a better year. The practice of making resolutions is one that casts a lot of hope and motivation for the New Year is a chance to start again and think about how you can grow and develop into someone greater.
The team here at Harbor Wealth Management was not exempt to this practice. We took this year-end as a chance to set financial goals for 2019. Financial resolutions within the office include the updating of wills, increasing retirement savings by 10%, and firming up spending budgets. As for budgets, one thing to be aware of is understanding how exactly you are spending your money. Apps such as Mint and Clarity Money do a good job of constantly tracking where your money is going to help understand where to cut spending. Other resolutions included regularly listening to personal finance podcasts and comparing casualty insurance with other options. Elyse plans to review and decide to which charities she would like to contribute.
Along with financial resolutions, we also took a step back to recognize how we would like to grow personally. Karen expressed wanting to actively tend to her friendships. Denise plans to read at least one book monthly. Other resolutions include meal planning to reduce dinnertime stress, making homemade salad dressings, reducing the use of single- use plastics, and reducing household clutter.
Whether you want to lose weight or increase money in your savings account, make sure these resolutions do not get lost into the abyss. Write them down! Track your goals regularly so when New Year’s Eve of 2019 comes along, you are happy and proud of the work you accomplished and ready to keep up that good work for years to come.
Happy New Year!