10 January 2021

Written by: Nonjabulo Sikhakhane, MBA alumni  

The pandemic has made the past two years extremely challenging. Making new year’s resolutions has become unpopular because everything is subject to change at a moment’s notice. However, having a list of hopes, dreams and goals is a way of giving a new period of time direction and creating moments to anticipate and look forward to.

As we kick off the 2022 financial year, you should consider having:

  • a financial goal. Setting financial goals helps guide your financial decisions because you have a goal to work towards, such as saving or reducing debt.
  • a strategy that will be your roadmap. This will guide you towards accomplishing your financial goals. This plan of action should align what you want to achieve with how you plan to achieve it.
  • a realistic timeline for your financial goals. Rome was not built in a day! The key to improving your financial well-being is setting realistic goal to avoid becoming demotivated.

There are many unknowns in 2022, so your aim should be to control the elements in your life that are withing your power to control, such as your financial situation. Whether it is stable or not, and whether it affords you sushi or streetwise two, it is yours, so own it.