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January 18, 2022

Setting Yourself Up for Financial Success In 2022

The start of a new year brings fresh opportunities to set new goals. You’re probably well into learning that new hobby you’ve committed to mastering and eating your veggies with every meal. While you organize everything from your closets to your schedule, we’re here to support your financial goals. We want to help you succeed in what matters most to you and your wallet this year, so here are a few ways to make this a stand-out year for you and your finances.

Reflect on Your 2021 Spending

The best way to get to where you want to be is to review where you’ve been. The start of a new year is a great time to make an honest assessment of last year's finances and address what went well and what didn’t. Were you able to stick to a budget? Did you save $50 from each paycheck like you’d planned? A simple financial review will help you identify where you succeeded, have gratitude for all you accomplished and then build upon those goals.

Reviewing your finances also clarifies the areas in which adjustments need to be made. Develop a plan you can commit to in order to avoid making the same mistakes this year. Overspending is a common oversight that can be detrimental to any budget. Combing through your expenses will help you identify the things you may not have realized you spent so much money on. It also provides the opportunity to focus on where you want your money to go. Identifying trends in your spending can help you create different strategies for the year ahead.

Understanding where you've been will make it easier to form, and stick to, healthier money habits this year.

Consider Life Events in 2022

Life brings unexpected expenses we often can’t plan for. However, there are some events we can prepare for. A new year clears space for new goals and dreams. After completing a financial review, it’s a good idea to look to the future and start planning for the expenses you can foresee in the year ahead. Do you want to buy a car this year, or maybe a home? Are you planning to add a child to your family or take a big trip? Depending on where you are on your financial journey, this might be a good time to shift from budgeting to financial planning. We can help you identify when you are ready for that transition and create a plan to accomplish your future financial objectives.

Talk to a Specialist at CommunityAmerica

No matter where you are on your financial journey, our Wealth Advisors will meet you where you are and walk alongside you every step of the way. We offer several services from financial coaching and wealth management to retirement and college planning. Our team will meet with you one on one to assess what is most important to you and how we can help you be intentional with your money.

Listen to our podcast featuring Heath Burch a CommunityAmerica Wealth Advisor, talk about these topics as you continue your journey to achieve financial peace of mind.

Securities and advisory services offered through Copper Financial Network, LLC (“Copper Financial”), a broker-dealer and SEC registered investment adviser. Member FINRA/SIPC. Copper Financial is a wholly-owned subsidiary of CommunityAmerica Credit Union (“CommunityAmerica”) and makes non-deposit investment products and services available to its members. Representatives are registered with Copper Financial. CommunityAmerica and Wealth Management by CommunityAmerica are not broker-dealers or investment advisers. For important disclosures from Copper Financial please visit here.


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About the Author
CommunityAmerica Author
Wealth Management by CommunityAmerica

Wealth Management by CommunityAmerica is rooted in helping individuals, business owners and families with financial and investment planning to help them achieve a financial peace of mind. At the center of our Wealth Management practice is a focus on you, the member.