With a fresh financial year in motion, planning your finances might feel more important than ever. In this video, we’ll take you through a few practical steps that might help you get started.
We’ll begin with setting financial goals. Whether it’s building an emergency fund, saving for a home, or planning for retirement, having clarity could make all the difference. We’ll talk about budgeting and tracking your expenses, as knowing where your money goes might help you cut back on what’s not needed.
We’ll also explore the two tax regimes and how choosing between them could affect your savings. We’ll discuss some investments and understand what to look for, when to realign, and how your goals and risk appetite might influence your choices.
We’ll also touch upon reviewing your insurance and emergency funds to ensure your financial safety nets are strong. Lastly, we’ll address how keeping track of everything through regular check-ins might help you stay on course.
By the end, planning your finances for the year might not feel as overwhelming as it did before.
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