At the start of the year Xmas seems miles away, but before you know it it’s just around the corner – tomorrow in fact.
Finally we get a legitimate chance to let our hair down, spend quality time with those near and dear to us and reflect upon the year that has been - before the dawn of a new year and the opportunities it throws up for us all.
Having recovered from the festivities it’s probably a good idea to take some time to take a look forward for the year(s) ahead.
Have a look at what 2008 is going to bring your way – reduction in the PIE tax cap to 30% and compulsory employer KiwiSaver contributions. And then decide how best to place yourself to make the most of them.
Also have a look at paying yourself first. We all try and start the year with a new and realistic budget. The first thing you should write down is how much you need to save each week – after that the balance of your income is what you can live off.
And finally give your savings & investments a warrant of fitness. Double check that you are taking full advantage of all opportunities, your money is working as hard as possible for you and that you are doing all you can to keep educated on matter re savings and investments.
That’s the last of my words of wisdom and advice.
Enjoy the holiday season and have a great Xmas and New Year!