The end of the year is almost upon us and as we celebrate, it also provides an opportunity to look to the future and what you want to achieve for 2016 and beyond.
Many will be making New Year's resolutions and unfortunately most will struggle to keep them beyond the first few days. University of Scranton research says that only 8 percent will achieve their New Year's goals.
If there's one resolution you can make for next year, it should be to be in a better financial position than you were the year before.
To help you improve your finances for the future, we've put together this simple action plan to get started.
Often people don't take the time to really get an idea of their situation due to simply thinking it will be worse than what they think it is. But by actually understanding where you are now with your money it will become a lot easier to make decisions going forward.
Think about the things that matter to you - is it being mortgage-free sooner, having money to take a holiday each year or putting your children through university? Once you have this, place a date next to it. Dreams are goals without deadlines, so place a deadline against your dreams and they'll immediately become a lot more real.
Don't try to do it all yourself if you aren't sure. Good financial management takes hard work and starts with asking lots of questions, making some big decisions and then following through. This is your future and you want to make sure it's the best it can be. Try getting yourself a coach in the form of a financial adviser. They'll ask you the right questions and help you start on the journey to building a brighter financial future.
Disclaimer: Information provided is stated accurately to the best of the respondent's knowledge at the time of publication. It is general in nature and should not be construed, or relied on, as a recommendation to invest in a particular financial product or class of financial product. Readers should seek independent financial advice before making an investment decision.