December is the perfect time to gain insight about progress toward your financial goals. Take some time this month to ask yourself the following questions so you can head into 2012 with clarity about where you need to focus first to move toward the financial results you really want.
Have you clearly defined what you really want? I like to call this your money reasons. What are those “all important” things for you that money can buy?
Is more money coming into your accounts than going out each month? If so, you have positive cash flow; if not, how change you change this moving forward?
Is the money you have put aside to grow actually growing? While some years are better than others, the overall trend should be up.
Is your lifestyle congruent with your long term goals? At Financial Woman, having a life filled with things you love is not incompatible with long term financial goals, but it’s important to establish a lifestyle that supports what really matters in your life.
Did you invest in yourself in some way this year? This could be through increasing your skills, having certain experiences, or expanding your knowledge, just to name a few. As women, we often find it easier to invest in others than ourselves, but doing so increases our confidence and enjoyment, which are both requirements for a rich life.
If these questions revealed some areas where you want improvement, write down the very next step to make those improvements happen. In January, you’ll feel ahead of the game. In the meantime, enjoy the holiday season, and embrace all the love and gratitude that accompany them.