How to Do an End-of-Year Financial Inventory

There’s no better way to capitalize on the energy of the end of one year and the beginning of another than to tap into your review and planning strategies. If you have goals you want to achieve, you need to know where you’re starting from first. This is why it’s so powerful to sit down and look over the past year while thinking about what you intend to achieve and other factors that may influence your year ahead.

For example, many people are spending winter 2023 thinking about a possible recession and the best way to protect themselves. You might be adjusting your income expectations because you’ve launched a side hustle or because you’ll need to take care of a loved one with health problems.

Either way, your planning process all starts with know how 2022 went for you. Here are some things to consider and some questions to ask as you get things in order for the energy of the new year: