Acorns reposted this
January is Financial Wellness Month and the new year is a great time to recalibrate and make sure your financial wellness is top of mind. Here are a few tips to ensure you reach your financial goals in 2024: - Start your investing journey: There is no time like the present to start planning for your financial future. Trying to guess the best moment to hop in and out of the market can lead to missed opportunities to grow your money over time. Setting a regular investing schedule can be a good way to grow your wealth over time and ride the waves of the market. - Invest for the long term: When investments are made for the long-term, your portfolio has a better chance of growing with smoother returns. From the shifting economy, to daunting news headlines, it can be easy to read into week-to-week reports and ask, “how will this affect my investments today, tomorrow, or a year from now?” But if you’re investing for the long-term, you should be thinking in decades, not years. - Review your budget: Take some time to sit down and look at last year's bank statements to pinpoint areas where you can cut back. Things like monthly subscriptions, daily coffees, and recurring payments can add up and add worry to your financial mindset. By reining in expenses that creep up, you can see how much you can save by turning them into regular savings or investments instead. - Don’t get overwhelmed: The worst thing you can do is nothing. Investing can be accessible to everyone. Start with an app or service like Acorns that exists to make starting small easy.
Karan Davda
4mo
Such great tips! As a Computer Science grad student, I am focused on developing my Software Engineering skills while managing my finances. Financial literacy is important!
Mara Renee
5mo
Great tips for Financial Wellness Month! Starting the investing journey and thinking long-term are key strategies to secure a better financial future. Reviewing the budget is a practical step, and the reminder not to get overwhelmed is crucial—every small step counts. Thanks for the insightful advice Seth!
Eric Cagner
6mo
On point!
Great tips for Financial Wellness Month! 💰 Starting small and investing for the long-term are key to achieving financial goals.