3 Steps To Get Healthy Financially In The New Year

Financial Health (Photo: Pexels)

JAKARTA - For many people, the turn of the year to the new year implies motivation to make life more meaningful. The form of the promise of improvement or often known as a resolution, also varies, ranging from a commitment to exercise, maintaining food intake, building closer relationships with relatives, to saving for ideal financial health according to each person's financial ability.

According to research from the University of Scranton published by Statistic Brain, a leading global research institution specializing in statistical data collections and graphic infographic-like interfaces, it is revealed that as many as 23 percent of people back away from resolutions a week after the new year.

Only around 8 percent to 19 percent of people are able to persevere and persevere in realizing new year's resolutions in the long term. This is because the new year's resolutions are often too ambitious and get carried away by the countdown to the turn of the year.

In particular, financial resolution towards the goal of being independent and financially prosperous is certainly the goal of everyone. In this instant-paced digital era, one of the tactics in order to slowly start controlling spending is to compartmentalize financial posts for more in-depth management.

Quoted from ANTARA, here are three simple tips to achieve financial health as a resolution for 2022.

Prepare a strategy for paying off debt and installments. One of the biggest obstacles in achieving financial health is the condition of debt and installments. Sharpen your focus to set a wiser strategy in paying off debt and installments. Then, improve financial management by distinguishing transaction accounts and savings accounts.

Many smart ways to ideal financial health It's never too late to start committing to the goal of ideal financial health. Some of the most common indications of a healthy financial condition are no debt, sufficient emergency funds, and a prosperous retirement plan. This goal can not only be achieved by simply saving, but also by paying attention to small expenditure items, such as banking administrative costs.

Make this process towards financially healthy a pleasant journey

Smart managing finances towards a healthy wallet must also be supported by an unquenchable spirit. When the journey to financial health is carried out languidly, there will be a tendency to revenge shopping by spending even more extravagantly. Therefore, a pleasant journey in saving is important to get financially healthy.