You are a successful woman, with a solid career and owning a large amount of assets. However, to maintain and continuously develop your finances, you still need to have specific plans and goals. Here is a financial management plan to help your financial prosperity last.
Step 1: Re-evaluate your current financial situation, with clear information about your income, expenses, savings, investments, and loans (if any). We should also determine the level of satisfaction with the current financial situation and the problems that need to be addressed.
Step 2: Set new financial goals for the new year in a specific, measurable, achievable, relevant, and time-bound way. We should set effective goals, for example, we will invest an additional 20% of our assets in high-potential investment channels in 2024 to optimize profits.
Step 3: Make a reasonable spending plan for the new year, allocating spending according to three levels: necessary, desired, and investment. We can use the 50/30/20 rule to allocate spending: 50% for necessary expenses, 30% for desired expenses, and 20% for investment plans.
Step 4: Implement and monitor your financial plan, checking the progress and results of your financial plan periodically every month or quarter. You need to evaluate and adjust your financial plan, when necessary, as well as be flexible and creative to optimize it. Try to apply and create according to your own ideas!
In addition, if you are looking for more new investment channels, please contact your Relationship Manager immediately to get advice on the modern investment channels that the bank is offering.
(This article is a collaboration between BIDV and VinaCapital)
