Plan for a financially successful 2018

It is the time of the year to make a fresh start. As you list the usual New Year resolutions like spending more quality time with family, adopting a healthier lifestyle, and checking items off your bucket list like your dream vacation, don’t forget to make financial resolutions as well, such as the following.

Draft a solid financial goal. Planning is overrated but valuable when trying to attain money goals. So why not do some pencil pushing on your cash flow. Prepare a monthly budget and stick to it. List specific goals you want to achieve this year like setting aside money for professionally-managed investments like unit investment trust funds (UITFs) offered by investment houses like AB Capital Group, and plan how to achieve these by enhancing your income sources.

Spend smart. Make money go further by spending on needs rather than wants. Always focus your spending on the basics while trying to save for a future investment. Avoid splurging on luxuries and other things that you don’t need especially on paydays when you are feeling rich, because you might end up not being able to make it from paycheck to paycheck. Have a contingency fund for emergency purposes.

Manage if not ditch your debts. One important goal to make is to pay off your credit card debts or other loans entirely over time so you don’t waste money on interest payments. In the same token, you should also maintain only a few credit cards – two at the most. This will make it easier for you to track your expenditures and avoid lapses in payments that could result in costly charges. This will also enable you to accumulate more rewards points since you only swipe one or two plastics.

Read a financial book. Before you get the latest fiction on your next trip to the bookstore, grab a copy of a book on financial management. Some titles you can choose are: “The Intelligent Investor” by Benjamin Graham, or “Common Stocks and Uncommon Profits” by Philip Fisher. You can also enroll in free financial literacy seminars to expand your knowledge on your investment options.

Build your wealth now. Make your money grow by opening a stock trading account, for example, which yields the highest possible returns. Mitigate risks by choosing the right stock trading partner and taking lessons on this type of investing. Pioneering stock brokerage house AB Capital Securities, Inc. has one of the most reliable online platforms for stock trading, with the least reported downtimes and the most user-friendly interface. Check their website at and their Facebook page @abcapitalgroup to avail of their free stock trading seminars.

Be right on the money and have a prosperous new year!

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Introvert, wanderer, blogger, foodie, a hip-hop music writer, and one of the co-founders of a tech start-up company called GigsManila.