Re­duce your anx­i­ety over your fi­nan­cial goals in 2019 and work on well-be­ing

Strike a bal­ance be­tween your fi­nan­cial, pro­fes­sional, and per­sonal pri­or­i­ties

StarMetro Toronto - - DAILY LIFE - LESLEY-ANNE SCORGIE PER­SONAL FINANCE AU­THOR & MEVEST. CA FOUNDER Lesley-anne Scorgie is a Toronto-based per­sonal finance colum­nist and a free­lance con­tribut­ing colum­nist for the Star. Fol­low her on Twit­ter: @les­leyscorgie

Since get­ting en­gaged a month ago, my fi­nan­cial pri­or­i­ties have shifted to ac­com­mo­date be­ing able to af­ford a wed­ding. Aalso on the hori­zon — and these other two fi­nan­cial goals didn’t change — is buy­ing a larger home and trav­el­ling to Greece for my fi­ancé’s best friend’s wed­ding.

Hun­dreds of thou­sands of dol­lars will be di­verted to­ward these three ac­tiv­i­ties in 2019; and this doesn’t in­clude the mort­gage for the home. I’m grate­ful for all of the sav­ing wwe’ve done lead­ing up to this point — over two years’ worth — but the costs still keep me up at night.

To re­duce any anx­i­ety about mmy fi­nan­cial com­mit­ments in 2019, I’ve de­cided to set some com­ple­men­tary pro­fes­sional and per­sonal goals to off­set the heavy weight of my fi­nan­cial ones. Pro­fes­sion­ally, my goal is to grow my busi­ness, Mevest. Per­son­ally, my goal is to to be­come even more of a min­i­mal­ist than I am to­day. Es­sen­tially, I’m strik­ing a bal­ance be­tween mmy fi­nances, my ca­reer and my per­sonal well-be­ing, be­cause life isn’t all about money.

Here’s how you can stop feel­ing over­whelmed by your fi­nan­cial goals and start achiev­ing a bet­ter bal­ance be­tween yy­our fi­nances, your work, and your y per­sonal well-be­ing.

Pick a theme for 2019: For me, the theme was easy to pick — do more with what I have. Tthis means not try­ing to rein- vvent the wheel; rather, use my money more ef­fi­ciently, grow mmy busi­ness by fo­cus­ing on my cur­rent cus­tomer base ver­sus chas­ing a new seg­ment, and us­ing up things in my home, my fridge, my closet, and stor­age rather than buy­ing any­thing new.

Your 2019 theme could be about be­ing more sat­is­fied with yy­our fi­nances, your work and yy­our well-be­ing. Or, per­haps it’s all about growth, such as sav­ing more, get­ting a pro­mo­tion, and be­ing phys­i­cally and emo­tion­ally stronger. Choose a theme that you can be pas­sion­ate


Limit your fi­nan­cial goals to three re­al­is­tic ones: Let’s zero in on how to strike a bal­ance be­tween your fi­nan­cial, pro­fes­sional, and per­sonal goals. Fi­nan­cial goals are hard to achieve when there are too many of them. Limit these to three re­al­is­tic ones, such as save $5 per day (which, by the way, is $1,825 in a year, or enough for a va­ca­tion), open up a TFSA, pay an ex­tra $100 per week on your line of credit (which is an ex­tra $5,200 in pay­ments), learn how to mas­ter yy­our bud­get, or cut back your spend­ing by us­ing only cash.

Love your work: We spend one third or more of our time wwork­ing, so make the most of yy­our work and you’ll be happi- er, and that typ­i­cally means you’ll do a bet­ter job, which leads to mak­ing more money.

Set up to three pro­fes­sional goals, and one I sug­gest is that yyou fall in love with your work in 2019. The oth­ers could be about achiev­ing a raise or pro­mo­tion, trav­el­ling for work, go­ing on cour­ses, or learn­ing a new el­e­ment of your pro­fes­sional craft.

One of my favourite things to do in Jan­uary is an au­dit of my work. The au­dit re­veals wheth- er I’m lov­ing my work and if my work is lov­ing me. If the an­swer is no to one, the other or both, it’s time for change. I put pen to

pa­per and ask my­self: Do I love what I’m do­ing? Is it time for a change? Can I be bet­ter at my work (and how)? What have other peo­ple said about my per­for­mance this year? Am I still learn­ing? Am I mak­ing enough money? Do I feel val­ued and am I adding value?

Be well: What would im­prove your phys­i­cal and men­tal health this year? Go­ing to the gym? g ion Us­ing app a like guided Calm medita- or Headspace? Eat­ing bet­ter? Speak­ing to a coun­sel­lor on a reg­u­lar ba­sis? Mak­ing dat­ing a pri­or­ity? Sleep­ing more? Stop eat­ing pro­cessed foods? Re­duc­ing clut­ter? Purg­ing your home? Aim to set three goals in this cat­e­gory that you can stick to. In the past, I’ve found it help­ful to share these goals with a close friend, and some­times they’ll even join me on my jour­ney.

Ac­cord­ing to a re­cent Tan­ger­ine sur­vey, im­prov­ing fi­nances is one of the top-cited res­o­lu­tions for Cana­di­ans in 2019. But bal­anc­ing be­tween other im­por­tant ar­eas of your life will make sure that your year, and your life, are more than just dol­lar signs.


To ap­proach your 2019 fi­nan­cial goals, pick a theme, writes per­sonal finance colum­nist Lesley-anne Scorgie. This year, her theme is “do more with what I have.”

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