My New Year's Resolutions for 2017

I would like to wish you all Happy New Year! I hope that you all had a wonderful time with family, friends and loved ones during the holidays. 2017 has finally arrived and like every new year, it will bring new challenges in many fields which will allow you to learn and grow even more.

This time of the year is filled with moments of celebration, reflections and resolutions- all of which are great for inspiration and making the necessary changes.  New Year’s Resolutions embody our heartfelt life-improvement intentions.

I've decided to keep my New Year's resolutions really simple. So here are my resolutions for 2017.

1. If you look at the world today, you can see that the gaps between the haves and have-nots  are widening. If we don’t all work to share the prosperity we are creating we will drift toward madness. My goal in 2017 is to continue working towards narrowing the financial gap by sharing knowledge and inspiring more women everywhere to use technology to grow their financial knowledge. After all you educate a woman, you educate a village. If 2017 is the year that you decide to finally ‘sort your finances’ then drop me an email and let me know if there is something specific you would like me to write about. I’m always happy to help, especially when it comes to new years resolutions.

2. Being a freelancer and blogger has kept me really busy. I have enjoyed every minute of it but I don't want to neglect the simple but immensely important things in life such as self care and family; and to treat others with kindness and patience. I have resolved to simplifying my life. I want quality over quantity and not only in relationships but work too. My strategy for this blog was to welcome anyone from within the financial industry to help women grow their knowledge. Clearly, this was naive. I have become more discriminating about who I let speak to my audience. The result is that my current go to experts are better and the content is interesting and in many cases, inspiring. So I will continue with vetting every article sent to me by PR people and keep the standard high.

3. My goal for the last 4 years has been to save 30% of all my income towards investing. And any of the dividends or investments cash flow were to be reinvested – moved into the same account and not be touched for consumption. Basically, I wanted to live on 70% of my income. I’m glad to say that every single month I did this without failing once. In fact, I’ve bumped it to 35% last year just to keep things a bit more challenging and the rewards have been worth it. On top of it, I’ve managed to increase my home loan payment by 15% and to set aside money for a new car. And so I plan to continue living like this until I achieve my goals. What really worked for me is budgeting my monthly expenses, avoiding frivolous spending, and sticking to the plan. While I don't live like a monk, I do think twice before pulling out the bank card or borrowing money.

4. In the past year I also learned to waste less food. Besides the continuous soaring food prices, the Food and Agriculture Organization of the United Nations estimates that almost 30% to 50% of all the food produced in the world is not eaten . I have pledged to discard as little as possible at home. Nowadays, I put overripe fruit into baked desserts and find other creative ways to use the left over food. I also don’t eat out often. I’ve trimmed our high-cost protein consumption… and been learning ways to pare down  my monthly grocery budget while still making a variety of delicious and healthy meals.

So whether you call it a resolution or a plan, it’s easier to reach any goal when you are specific and include details and minor changes that you can commit to long-term. Once these small changes become habit, you’ll gain the confidence to begin working on your more challenging and long-term aspirations.

How about you?  Do you have any more good financial resolutions for 2017? Send me an email or leave a comment below to let me know!