This year I will have more control of my spending.
This year I want to reduce the debt.
This year I want more to save and invest.
This year I want to realize the dream to continue studies.
This year I am going to start making financial plans.
If one of the above points is your financial resolution earlier in the year 2015? If Yes, are you still on track in realizing such a resolution or even a resolution you’ve achieved? Check back already how closely your steps to bring about a resolution that was made in the early years, before ending the year 2015.
1. Make a note of any developments for financial resolution
For every financial resolutions that are already created, you have to write down any measures already or that you haven’t done. For a financial resolution You’ve started to run, compare the results already obtained initial target. If it turns out that the funds already collected is greater than the target funds that should have been collected. You run the appropriate implementation plans because you can add to the savings. This means you still on track against the original plan.
If it turns out that the funds collected in the month of December 2015 do not reach or close to your target, then you have to slightly revise the strategies to achieve those goals could remain. This change could be by way of enlarging the allocation monthly earnings which had to be saved, postpone the plan if the option Add the allocation of savings does not allow or take more planning in accordance with the Fund to be collected later.
2. Set again the urgent financial resolutions for the prioritized
After reviewing each resolution, You may be able to assess that it turns out not all the resolution can be acted on this year. If so, then you have to compile the new priorities in accordance with the degree of urgency and your financial capacity.
3. There is a resolution that should be realized this year, but the funds are not enough
If this year you have a resolution must be transformed, but it turns out that the funds collected are not yet sufficient, e.g. because the performance of the investment product where you parked funds does not match the target, then you can close the drawback of an emergency fund with your record still leaves a balance of at least three times the monthly expenses.
What if still not enough? You could take funds from other post which is not too urgent, such Funds or funds Holiday Shopping.