Seasonal Strategies: 16 Financial Resolutions for the New Year

Trent Bradshaw CFP®, AIF® & Brandon Rogers CFP®, AIF® |

As the end of 2021 approaches, it’s time to start thinking about how to make 2022 a success for you and your loved ones. Here are 16 financial resolutions to help make 2022 healthy, happy, and successful:

1. Create emergency savings

Prepare for unpredictable expenses, such as serious illness, home repair, or other sudden financial needs by putting aside six to eight months of expenses in an easily accessible cash-equivalent account.

2. Make a monthly budget & stick to it

Set a budget and work on sticking to it for a couple of months. Don’t aim for perfection; instead, try for incremental improvement.

3. Save more for the future

Are you on track for retirement and other goals? Most Americans could stand to put more money away for the future. We recommend keeping separate “buckets” of savings for short-, medium-, and long-term goals and leveraging tax-advantaged accounts where possible. Let us know if you’d like help saving for specific goals so that we can help ensure you have the right strategy for your needs and timeline.

4. Make retirement plan contributions regularly (instead of all at once)

We believe that “time in the market” is critical to long-term investing success. Instead of waiting until the last minute to make your annual contributions, give your money more time to grow by making automatic contributions to your accounts every month.

5. Maximize your retirement plan contributions

Tax-managed retirement accounts are one the most powerful ways to save for a more comfortable retirement. Make the most of them by contributing as much as you can each tax year. Give us a call if you need help understanding your retirement account options.

6. Pay down high-interest debt

High-interest debt can make it very hard to get ahead financially. If you’re carrying a lot of debt, make paying it down a priority. Contact us for help managing expenses and getting on top of your debt.

7. Set goals for the future & work with a professional to help you achieve them

In our experience, people who set goals for themselves and create strategies to pursue them are much more likely to see success. Sit down with your loved ones to discuss your financial goals; when you’re ready to discuss your thoughts, call our office to schedule a no-obligation consultation at (704) 216-2260.

8. Create a powerful legacy for the world

We believe that a rich life is about more than financial success and a comfortable lifestyle. Whether you want to leave something to your loved ones or contribute to causes close to your heart, take some time to think about the legacy you will leave for the future.

9. Review your estate planning & legal documents

Your core legal documents should be regularly reviewed to make sure that they keep up with your life.

10. Review the beneficiaries of your financial accounts & insurance policies

When is the last time you updated your beneficiaries? Since beneficiary provisions are independent of your will or other estate provisions, it’s critical to keep them current.

11. Stay on top of your health

Healthcare is a major expense for most Americans, especially when serious illness strikes. Take steps to protect your health (and your wallet) by building a healthy lifestyle and being proactive about preventative care.

12. Protect your credit and identity

Identity theft and financial fraud are serious threats that can compromise your financial wellbeing. Protect yourself by reviewing financial statements and bills carefully for unauthorized activity.

13. Review your tax strategies for potential savings

Recent changes to tax laws mean that your tax burden may have increased. Give us a call to discuss tax strategies that may help you reduce your tax burden.

14. Involve your loved ones in your finances

If you (or your spouse) don’t get involved in the family finances, it’s time to start. Work together to make financial decisions and make sure that each of you understands the overall game plan for your finances.

15. Identify your goals for 2022

What do you want to accomplish? Whether you want to get a raise, go on a wonderful vacation, or spend more time with your family, take a moment now to write them down.

16. Keep your resolutions!

One study found that people keep just 8% of the New Year’s resolutions they make. Improve the chances that you will keep your resolutions by making your goals simple, concrete, and actionable.


If you have questions about what next year can look like for you, or would like some support in keeping your financial resolutions, please give us a call at (704) 216-2260. Together, let’s make 2022 a success!