Eight money resolutions to consider for a financially secure 2024 | The National News
As we enter 2024, it's crucial to focus on achieving financial security through strategic planning and insightful resolutions. Anselm Mendes, Executive Director of Sales at Continental, emphasizes the importance of the '3Ms' of finance: measure, monitor, and manage.
Measure: "Begin by tracking your expenses and correlate them with your needs. That exercise will give you a perspective needed for budgeting," says Mr. Mendes.
Monitor: "Monitor your subsequent expenses while adhering to the budget. The resulting outcomes will help you unlock more savings and make strategic goal-based investments," he adds.
Manage: "Manage such financial plans and stay the course. Financial plans require periodic course corrections based on market fluctuations and trends. You can optimize and rebalance your investment portfolio consistently, proactively shield it against imminent risks, and continue to rake in risk-adjusted returns," advises Mr. Mendes.
