Happy New Year! Welcome to 2022 – I keep seeing the meme that this year is 2020 2… like 2020 is happening again 🙈.
While I probably find this meme funnier than I should (still laughing about it to myself), I think a lot of us are good to leave 2020, and 2021, in the rear-view mirror. Not that there weren’t some wonderful things that emerged from each year, but I feel, and hear, an ever-growing trend towards a deep desire for a sense of normalcy… bring it on 2022!
With that being said, I love looking forward… I love the anticipation of a fresh start to a new year as a time to start something new. For me, Consistency is my BIG goal, my resolution and my raison d’être for 2022!
My beliefs…
If you are consistent with family, love, understanding, and trust are established.
If you are consistent with work, then a steady business emerges.
If you are consistent with workouts, then a fit body results.
Consistent is the name of the game for 2022!
What are your goals for this year?
If you’re still undecided on your specific financial goals for the new year, here are a few that I plan on keeping top of mind as we move through the remainder of January… and 2022!
- Setting annual financial goals
I suggest that clients break down their year-end financial goals into monthly or quarterly goals to ensure they are achievable. I’d also recommend putting them up somewhere where you are constantly reminded and make it a priority to achieve them! Perhaps a tasteful sticky note on your bathroom mirror?
- Paying down that Holiday Credit Card Debt
Speaking about priorities, January is a special time when we realize we might have overspent… just a little bit… it’s the gift buying coupled with the Black Friday and Boxing Day sales… BUT I recommend making it a top priority to chip away at that pesky credit card bill over the next few months to get your spending back under control.
- Start paying attention to your money
If this is something you’ve been letting slide down your ever-growing list of priorities, now is a great time to bring it back up to the top! Your money and how you are growing and managing it should consistently remain at the forefront of your focus. This ensures that your wealth is always striving towards your goals. Not sure how to shift your focus or where to start? Then I highly recommend attending my free Financial Masterclass on February 3rd!
- Contribute to your TFSA and RRSP
The amount that you’re allowed to deposit into a TFSA is called your “contribution room.” Even if you didn’t have a TFSA in 2009, you had accumulated contribution room for every year since 2009 from when you turned 18 as long as you are a resident of Canada. The total TFSA room is now $81,500 for those that were 18 in 2009. As a gentle reminder, the maximum RRSP amount for 2022 is 18% of your annual income, but more on how to best use your retirement savings account in my February blog!
Regardless of how you step into 2022, prioritizing your financial goals starting in January lays a foundation for the rest of your year. It allows you to start on the right foot and give yourself a concrete chance to achieve your goals.
For more finance-focused information that will help keep you on track (minus the confusing industry jargon,) be sure you’re following me on social (Instagram + Facebook + LinkedIn)!
