Let’s put our fingers on the reset button again

TUNDE OYEDOYIN  

Tunde Oyedoyin is a London-based personal finance coach and founder of Money Intelligence Coaching Academy, a specialist academy of personal finance. He can be reached as follows: +447846089587 (WhatsApp only); E-mail: tu5oyed@gmail.com

In the second half of last year, I attended two of a series of property investment road shows that a Nigerian organisation came to put together here in England. Though held at modest locations and without even the courtesy of providing tea or coffee for attendees, I liked the presentations and the facilitator was brilliant.

As it turned out, yours truly fancied a piece of the brick and mortar they were selling. Thus, they sent me an offer and the structure of the payment plan. Put your finger here, as I’ll come back to finish off the narration

As you already know, the very much awaited 2025 is already here. Like a moving train, it’s in motion and we’ve already entered week number two. If you’re like me, some bucks must have flowed out of your pocket almost certainly. If you’re yet to spend a dime since this new year rolled in, please forward your contact through the editor.

But seriously, there’s no slowing down to the steady pace at which the year’s panning out. The annoying thing is the fact that it won’t even wait for anyone. It’s not even a matter of whether we’re ready or not. The year’s on the move as a colleague even noted in the office. Also, the need to spend and maintain your wellbeing is on. That also is a reminder that the new year is here. These are the realities that come with the arrival of the exciting year that we were all looking forward to.

So, in order to put yourself in a vantage position, it’s time to repeat what we did with the first piece of 2024, and that’s to hit the reset button. Folks, it’s time to set your own financial goals for 2025. That’s actually a no brainer, as it sets out how you want your personal finance to pan out this year. Hitting the reset button is like rebooting your computer or phone in order to start again. When you press the reset button, that gives you clarity about your expectations for your money matters. The last thing you want is to not know where you’ll end up at the end of this 2025.

Setting financial goals takes the guesswork out of what you want your personal finance affairs to look like beginning from even the end of the first quarter.

Another reason why you need to set financial goals for this year is so that you don’t hurt yourself. Back to the story of the property offer referenced in the opening of this piece, when I thought well about the structure of their terms of payment, I knew I’ll probably be carrying too much load. If I disregarded the financial goals I had in place for last year and attempted anything crazy, it may eventually end in tears. That’s one of the many accrued benefits of setting your own financial goals.

So, folks, do the needful by hitting the reset button and set your financial goals for 2025.

Don’t let anything slip:

On the last Saturday of 2024, yours truly was on the phone to my credit card provider, and it was to complain about a notable organisation that had taken nearly a fiver (£5) out of my account for two months, including December.

Though quite a small amount, it wasn’t about that. It’s about not paying for what I didn’t buy nor for a service I didn’t get. So, keep an eye on your financial statements and never let any unauthorised payment slip away from them.

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