Regardless of whether you managed to save and invest money throughout 2014 or not, this is the best time to sit down and review what you’d like to do in 2015. The New Year gives us all an opportunity to look back as well as to look forward. If you did invest this year you can consider whether you achieved what you wanted to achieve, and whether you’d like to make any changes for the New Year. If you didn’t save anything you can consider how to change your approach for 2015 to make sure things will be different this time.
Let’s assume you had a monthly investment plan in place during 2014. How did it perform in the end? Did you get the returns you expected? Did you do better or worse than you thought might be the case?
If you look back and you are happy with what you achieved, you may be happy to continue in the same vein once again. This is the easiest path to follow, but it may not be the one that is suitable for you.
Did your plans for making savings in 2014 fall by the wayside?
It is quite possible this was the case for you. Many of us make New Year’s Resolutions that don’t last longer than a day or two. This is quite common, but when you want to make headway with your savings it can be disheartening not to achieve your aims. This is particularly acute at this time of the year, when you look back and think of what you might have achieved had you had the determination to keep up with your plans. Also, there are lot of investments that is now booming, one example is the trailer truck services, whether you give services to people, just like Advantage Fleet did.
If you’re in this position, use what you learned last year to consider how you can move forward this time around. Think of it like this – last year you didn’t have any knowledge of the challenges you might face in trying to save and invest money. This time around you’ve already tried it once. What obstacles did you come across? What tripped you up? How would you do things differently this time around? You can use all this information to tackle some of the obstacles before you even reach them in 2015. Just think of the difference that could make.
Whatever path you took last time, you’ll know just how to approach saving in 2015 this time. You can also consider other aspects of your approach, such as the budget you work with each month. Are you earning more now than you were this time last year? Have you had any changes in other areas of your household budget? Check all your bills to see whether there are any new deals you can take advantage of.
By doing all this you can make sure you are able to get the best start to 2015. Making an effort now could make a huge difference to where you are financially come this time next year.