As we get closer to the new year, it’s important to have some great goals in mind for new years resolutions.  Although many people might have some physical fitness goals in mind, you may want to consider having some financial fitness goals.  After all, having your finances in order will make living your life a lot easier.  If you don’t know where to start in terms of financial goals don’t worry, we’ve got you covered.  Below we’ve put together a list of the four best financial goals you can have for 2023.

Create a Budget That You Can Stick To

In the personal finance world, budgeting is key!  Unfortunately though, when in the budget creation process, many people assemble budgets that they simply can’t stick to.  Oftentimes, people budget the bare minimum for groceries, and nothing for leisure activities, such as eating out at a restaurant.  This leads them to quickly toss their budget to the wayside when it comes time to put it into action.  That’s why creating a realistic budget is pivotal.  You’re less likely to stick to an incredibly lean budget than one with a little bit of “fat” built in!

Don’t know where to start with your budget? Check out our article on how to budget during inflation!  (LINK INTERNALLY)

Work on Building Your Credit Score

Having a great credit score is pivotal to financial success.  Your credit score determines your cost of borrowing money, or the interest rate on a loan.  Those with great credit will be entitled to lower interest rates than those with poor credit.  Having a great credit score can save you tens, potentially even hundreds of thousands of dollars in interest over the course of your life.  So, if you don’t have a great credit score, start working on building your credit immediately by lowering your credit utilization and looking through your credit report for any errors!

Read at Least One Personal Finance Book

Although you may be out of high school or college, you should never stop learning.  The best way to ensure you’re continuously learning is by reading (or listening) to books regularly.  Books are an incredible educational resource in every facet of life, including personal finance.  Reading just one book, like Rich Dad, Poor Dad, or The Millionaire Next Door can completely change your perspective on both life and finance.  In fact, many people who have found financial success credit at least a portion of their success to books like these.  So pick up a great personal finance book, and start learning today!

Start Working With a Financial Advisor

If you aren’t working with a financial advisor, now is the time to start working with one.  If you’re like the majority of people, you probably spend the majority of your time with your family, at work, or just enjoying life.  This leaves little time left over to focus on your finances. 

If you don’t want to let your finances fall to the wayside this year, Urban Wealth Management can help.  We’ve been helping individuals and families across the country for years.  With decades of collective experience, we can help you get your finances in order, plan for retirement, and more!  To schedule a complimentary 30-minute conversation today, give us a call at 424-277-2260 or visit our website today!