Here’s a 12 month roadmap to monetary wellbeing

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With a new year starting, there’s no better time to hit the refresh button and find a path towards financial wellbeing.

However, trying to put everything on a to-do list can be overwhelming, said Amy Richardson, certified financial planner at Schwab Intelligent Portfolios Premium.

For this reason, she created a 12-month calendar in which important money movements are listed.

“By mapping it this way, it’s a very easy way to help people improve their financial wellbeing,” said Richardson. “It’s a great way to hold yourself accountable.”

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The first thing to do is look back at a fiscal year. Once you see where you stand, you can find out how to achieve your goals.

However, if you’re still in survival mode and you don’t feel ready to tackle your finances, give yourself some grace, said Berna Anat, a financial literacy educator and creator of financial education website Hey Berna.

Instead, your main focus should be on making money.

“Cash flow is your oxygen,” she said. “Once you can breathe better, you can plan better.”

With that in mind, here is the main Richardson financial planning calendar (see below).

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