Many have heard of the September Reset when it comes to general wellness and health— that time to refresh your fitness routine as you come out of an indulgent summer, as well as refocus and re-align your goals. Many people use it to get organized around their home, and their personal to restore balance as they transition toward the end of the year. The September Reset is basically a lifestyle detox to help you get back on track and start fresh.
And you don’t have just apply it to your health or your personal life. You can apply it to your finances, too.
What better way to refocus your financial efforts and goals then to do a RESET? Here are two major ways you can start your financial detox:
- Revise & Reset Your Budget- One can never review their budget too many times. Keeping a close eye on your budget can help you keep yourself on track to accomplish your goals, and you don’t have to put too much effort on it. Every once in a while, though, your budget needs to be updated. As things change in your life, so might your costs of living, and adjustments are inevitable. By dedicating some time to review your overall budget and make adjustments where needed, you can completely, and easily, reset the direction of your finances.
- Review & Adjust Your Investments- Changes in your life don’t only affect your budget, but they can affect how you need to invest. If there are significant changes in your finances, you might need to adjust your investment objectives. Meet with your financial professional to see how you can reset your investment goals and adjust how you are currently investing to better fit your new objectives.
By resetting how you spend your money and your long-term financial planning, you can re-align yourself to your goals.