For clients of Kate Eiland, please CLICK HERE to see important details related to the Strong Valley transition.
Important Note

You are now leaving the Strong Valley Wealth & Pension, LLC ("Strong Valley") website. By clicking on the "Schwab Alliance Access" link below you will be entering the Charles Schwab & Co., Inc. (“Schwab”) Website. Schwab is a registered broker-dealer, and is not affiliated with Strong Valley or any advisor(s) whose name(s) appears on this Website. Strong Valley is/are independently owned and operated. Schwab neither endorses nor recommends Strong Valley. Regardless of any referral or recommendation, Schwab does not endorse or recommend the investment strategy of any advisor. Schwab has agreements with Strong Valley under which Schwab provides Strong Valley with services related to your account. Schwab does not review the Strong Valley website(s), and makes no representation regarding the content of the Website(s). The information contained in the Strong Valley website should not be considered to be either a recommendation by Schwab or a solicitation of any offer to purchase or sell any securities.

Article

Time to Revisit Your New Year's Resolutions

Time to Revisit Your New Year’s Resolutions

Many made New Year’s resolutions for 2024 to adopt healthy habits concerning their bodies, minds and finances. If your resolutions contained a desire to get your finances in order, you might consider that budgeting should always be the centerpiece of your financial resolutions. Here are some ideas that can help.

February 16, 2024
Time to Revisit Your New Year’s Resolutions
Important Disclosure: Content on our website and in our newsletters is for informational purposes only. The information provided may (or may not) directly apply to your situation. We recommend that readers work directly with a professional advisor when making decisions in the context of their specific situation.

Did you make a New Year’s resolution about seven weeks ago? For 2024, many Americans are making the resolution to adopt healthy habits – concerning their bodies, minds and finances.

If you are among the vast majority that want to save more money, then it might be time to get your overall finances in order. There is always more we can do to better the financial picture for ourselves and our families. There is every reason to make 2024 your year to accomplish what you set out to do.

Create a Budget

The centerpiece of any financial resolution – including saving more money – is to create a budget for the entire year. This isn’t as daunting as it sounds. Decide with your partner and family members what the big expenses are for 2024. Will you need to buy a new car? Take a vacation? Fix the roof or replace the air conditioner?

By planning ahead and setting aside money in advance, these expenses don’t hit your pocketbook as hard as they would if there were no plan. A family budget is a great learning opportunity for kids, as well.

Don’t allow mistakes you made in the last 12 months to affect your goals for the coming year. Allow yourself to mentally wipe the slate clean. Use previous stumbling blocks as your new goals for 2024.

Perhaps you had trouble with credit card debt, stress at work or gained a few extra pounds. Involve those challenges into your New Year’s plan. Setup a timeline for paying off debt, schedule time to de-stress and get away from the office, meet with a personal trainer or create a fitness plan that will work best for you.

Don’t forget to write down what you want to achieve and place it somewhere you see it each day. If nothing reminds you of your goals, then it becomes much more challenging to attain them.

Neither Asset Allocation nor Diversification guarantees a profit or protects against a loss.

Other content you may like

  • Mitigating Risks of Over-Concentration

    Mitigating Risks of Over-Concentration

    August 17, 2024
    For seasoned business executives, the allure of company stock can be undeniable. After years of dedication and hard work, owning a significant portion of one's company can seem like a well-deserved reward. However, over-concentration in company stock poses risks that can jeopardize an executive's financial security and long-term prosperity. Understanding Over-Concentration Over-concentration occurs when a […]
    Read this Article
  • How to Measure Your Portfolio in Uncertain Times

    How to Measure Your Portfolio in Uncertain Times

    May 10, 2022
    Too often during uncertain times, we inadvertently compare ourselves to the people around us – and that leads us to make financial mistakes. Consider looking at the big picture instead to make sure your investment helps you towards your true life goals. This article helps with examples that clarify changing to a bigger perspective.
    Read this Article
  • Ranking the Best and Worst Presidents - Part I

    Ranking the Best and Worst Presidents – Part IV

    October 28, 2020
    Part IV of a series: Every four years, Washington D.C. and Wall Street converge as Americans elect a president and Wall Street tries to figure out what the outcome means for the stock and bond markets. And since so many hypotheses on this topic abound, it’s hard to keep track of them all. A new list includes a couple of recent presidents that you know much more about as well as the beginning of presidencies recording double-digit annual stock market returns.
    Read this Article

  • Finding Opportunities in Times Like Now

    October 5, 2022
    September 2022 was a “not so fun” month for the general market with the impact of Fed decisions and plans on target interest rates. With the market changes there are still positives and opportunities for those with money to invest. Strong Valley team members, Jason and Chris, recap the month of September and discuss what clients should be looking for in the months ahead.
    Read this Article
    • The link you have selected is located on another server. The linked site contains information that has been created, published, maintained, or otherwise posted by institutions or organizations independent of this organization. We do not endorse, approve, certify, or control any linked websites, their sponsors, or any of their policies, activities, products, or services. We do not assume responsibility for the accuracy, completeness, or timeliness of the information contained therein. Visitors to any linked websites should not use or rely on the information contained therein until they have consulted with an independent financial professional. Please click “Continue to Link” to leave this website and proceed to the selected site.
    No, stay on StrongValley.comContinue to link
    phone-handset