Planning for your financial future:If you haven't already made your New Year's financial resolutions, now is the right time to do so

摘要

As we start a new year, many of us will set goals to help us achieve our financial objectives. What are you hoping to accomplish in 2015? We can all benefit from trying to improve in this area, but it's important to be realistic when setting your goals. Setting your priorities and completing a full financial plan will help you to figure out which financial goals you should pursue in the coming year. Firstly, it is important to establish where you currently are financially. To start, it is good practice to determine your net worth, ie. what is left after you subtract your liabilities from your assets.Secondly, it is a good idea to analyse your cash flow. By reviewing your cash flow, it will highlight any problem areas. It will also indicate your ability to save and will show if you are living within or beyond your means. After you have determined where you are financially, it is time to set and prioritise your goals.