Five Financial Resolutions for the New Year

2017-12-14 22:37:28

The New Year is the perfect time to set goals for yourself. Many of these goals however are somewhat unachievable, and rarely pan out. However, one excellent area to begin is setting some core financial goals, some which may seem obvious, and some which may not. Obviously, these are just a few of our favourite tips, but we hope you’ll consider adding some of them to your own lifestyle in 2018.

  1. Buy less coffee.

Daily coffee runs before work always seem like a good idea because lets face it, the baristas do it better. Coffees are usually around $4.50 at most places, and a coffee a day, five days a week totals $22.50! That might not seem like much, but multiply that by say, 45 weeks of the year and that comes in at over $1000 on just coffee. We aren’t saying it’ll be easy to give up, but your wallet will thank you for it.

  1. Turn a hobby into profit.

We believe in a good work/life balance. The hobbies and passion you pursuit in your spare time however, have the potential to become a source of income. Do you enjoy drawing? Have you considered selling artwork at local markets? The world is full of potential jobs. Something out there needs someone to try it! From testing out products, to reviewing new foods. Explore what you enjoy by going online and finding something for you.

  1. Establish an emergency fund with wealth protection

You might call it your rainy day fund, or your don’t-touch-till-you-really need-it cash reserves. The point, however, is to have money in savings to cover a minimum of three months’ worth of living expenses and, ideally, six months of bills.Sometimes unexpected things happen so ensuring that you can safely and securely protect your wealth is extremely important to us. At ProInvest we ensure that you and your family are properly protected against uncertain things in life, by providing cover for your bills and your family’s financial responsibilities. Our highly qualified Financial Advisors can help you determine the most cost-effective risk insurance for your needs.

  1. Collect loose change

Everyone dismisses silver coins these days. The only thing they’re good for is parking, but mostly, those aren’t even useful either! Put all your silver coins in a jar. It may sound simple, and like using an adult piggy bank – but doing so could save you $50+ a year.

  1. Get in touch with a financial advisor

For everything else, ProInvest are here to assist you with your financial needs. Our financial advisors provide a service tailored to your individual needs, goals and aspirations. Contact us via our website:

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