Two Top Tips to Have a Strong Financial End to the Year

Two top tips to have a strong financial end to the year

As we enter into the last quarter of what can only be described as an interesting year, it is a good time to reflect on what has been and think about what is left of the year. What were your financial goals for the year and did you achieve them? If yes, what should you be doing to over-achieve on those goals, and if no, how can you at least have a strong finish to the year?

Some of our advisers put down their top tips for the last quarter:

Redmond Friar, Senior Wealth Manager

‘There are a few lessons we can extract from this year:

  1. Expect the unexpected:
  • Aim to have a cash float of between 3-6 month’s salary in your account should the unexpected happen. 
  1. Always have a goal:
  • Establish your goal, the date you want to have this achieved by, then breakdown how many months you have until you reach this goal and save accordingly.’


 Rico Cachucho, Partner  

‘If you set some financial goals at the beginning of the year, the last quarter is a great time to check back in on them and ask yourself some questions:  

  1. What’s gone well?
  2. What hasn’t gone well? What are the reasons for this?
  3. Are these goals still relevant?
  4. Do any of them need to be discarded or updated?
  5. Are there any new goals you’d like to be working towards?
  6. What specific steps you can take to make better progress going forward? 


Set and stick to a Budget  

  • An important step to consider when trying to get ahead financially every year is budgeting. It’s important to know where your money is going each and every day. By setting new spending and saving goals you’ll understand better where your money is going. A budget is important whether you make thousands or hundreds of thousands in earnings every year. 

Michaela Boulton, Senior Wealth Manager

  1. Start your new year’s resolutions early.

Rather than waiting until January, get ahead of things and start thinking about goals for next year now. Even better, set the goals now and start getting on with them. Giving yourself a bit of a run up will also mean that if you are behind on the goals by January 1st, you will get a second wind come the time everyone else is just starting.

  1. Do your Christmas shopping as early as possible to avoid inflated prices and stress.

‘One thing I always do is get my Christmas shopping out the way as early as possible. If you start thinking about what you are buying now, you will be able to find better deals for those things and the Christmas period will be far more relaxing.’

Alan Herbert, Senior Wealth Manager

  1. Review your budget – Check for any areas you can tighten your budget or perhaps some areas where you have gone slightly off track.
  2. Review your financial goals you set at the start of the year. Maybe this was to have X amount saved or to have paid of X amount of debt. If you have fallen off track slightly, spend the last quarter making sure you get as close to hitting your goals as possible.

If you would like to speak to one of our advisers, please get in touch today. If you are an existing client and would like a review of your portfolio, please reach out to your advisor to schedule a time. 

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