As 2022 Ends – Say Good-bye to Bad Habits!  

At the end of the year, many of us take stock of our lives, vowing to start over in the new year. We want to leave bad habits behind us like last year’s trends or yesterday’s trash.  Before the end of Christmas week, we’re already thinking of ways to grow healthier, wealthier and wiser. Like Santa, we’re “making a list and checking it twice” for the best ways to reach the new goals we set for the new year.

At the start of a new year, most of us want to:

  • Get in better physical shape through diet and/or exercise.                                                                                                                             
  • Be smarter about making choices that lead to a better lifestyle. 
  • Earn more money – or save a lot more for emergencies and big-ticket items

We know what we want to accomplish each new year, but how do we make sure we do? The solution may be simple: Leave bad habits behind to make room for good ones. Say “Good-bye” to whatever is standing in the way of reaching our goals. Start by making a list of what you don’t want to do rather than what you want to do in 2023. For example:

  • Don’t bring home unhealthy snacks from the grocery store.
  • Don’t stop for a snack on your way home from work.
  • Don’t forget to eat 3-5 fruits or vegetables every day.
  • Don’t take the escalator when you can take the stairs.
  • Don’t grab a bag of chips when you sit down to watch TV.

Healthy foods like fruits and vegetables can be costly, but you’ll probably come out better than even if you break the bad habit of buying cookies, cakes, pies, ice cream, pop and chips instead of nutritious foods.

If making more money is your resolutions, or saving more is on your list . . . try these Don’ts:

  • Don’t delay researching and applying for better-paying jobs while the job market is hot.
  • Don’t put off opening a savings account or an IRA with direct deposit options.
  • Don’t be afraid to commit to saving $50, $100 or more out of each paycheck.
  • Don’t forget to deduct enough unnecessary expenses from your budget to cover some savings.

If you’d like to become wiser in choosing how to spend your money to make your life better, put these Don’ts on your No-No list for the new year:

  • Don’t hesitate to make an appointment with a financial planner to learn all you can about investing money.
  • Don’t be embarrassed to ask a financial advisor to help you become debt-free and able to save more of your income.
  • Don’t ignore opportunities from your employer or the U.S. government, such as Individual Retirement Accounts (IRAs) or IRA-contribution matches offered by your employer.
  • Don’t let peer pressure or desire to “keep up with the Joneses” keep you from building wealth.

To discuss your wealth-building options with an advisor . . . contact

Ron VanSurksum at AAM, (616) 531 5220

Manage Your Money . . . financial tips from:

AAM Fee-Only Financial Planning & Investment Advisory LLC              

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Ronald Van Surksum, CFP                  

4555 Wilson Ave SW – Suite 2               Grandville, MI 49418                            

rvansurksum@aamllc.com                  

Phone: (616) 531-5220                            Cell: (616) 450-8439                               

For permission to reprint:            ask@cameo100.com        12-15-22