New Year, New Money Plan: Review Finances for Goal Success

• Review your financial plan at the start of the new year, including savings, investments, and debt.
• Reconsider short-term, medium-term, and long-term goals to align with current priorities and life stages.
• Align investment strategy with your risk capacity; prioritize emergency funds and debt management.
• Assess the impact of the new tax regime, which may reduce the need for tax-saving investments with lock-in periods.
• Close high-interest personal loans using savings and increase SIP contributions by at least 10% annually for better returns.

Why It Matters: Start the new year by reviewing your financial plan to achieve goals, manage debt, and optimize investments.