Five smart money moves to make in 2023

Don't we have January 1 every year? It's just another day on the calendar; just the year changes. Yet, we get excited to start afresh and give ourselves a chance to improve from the previous year. And why not? January is named after Janus, a Roman god with one face looking forward to future possibilities and the other looking back at what has transpired. Since January has been so deeply rooted in the concept of transitions and new beginnings, it is a good time to up our money game. But that's easier said than done. Overcoming blind spots can be overwhelming as you may not know where to start. This is why we give you simple, easy-to-follow money moves to rewire your finances. So, without wasting your time, let's dive in. Set your financial goals Just like we decide on a destination before heading for a vacation, we first identify our financial goals to get money smart. So, here's how you set your financial goals: Define broad goals (such as car/home purchase, vacation, etc.) Use our free 'Goal Calculator' to plan the amount and investment required. If goals are already set, follow up on their progress Ask yourself if a goal is negotiable or non-negotiable. A car purchase can wait, but higher education cannot. 4 Million+ copies sold! Get investment insights, market guidance, fund analysis, data stories, case studies and more. Subscribe to our digital & print magazine - Mutual Fund Insight. Subscribe Now Based on your goal and timeframe, invest in either equity or debt For long-term goals (five years or more), invest

This article was originally published on January 30, 2023.