As we crossed into the beautiful month of December, it was heralded by chants of “Detty December” from different quarters; it’s the holiday season and almost everyone’s on a mental countdown till they go on break for the year. It’s a flurry of activities: parties, travel plans, shopping sprees, and moments of joy; indeed the most wonderful time of the year!
Between preparing for Christmas and New Year or just the break that comes with them, everyone is out to get their December detty and who is to say you don’t deserve it? Only amidst all the merriment, have you considered making this festive season a stepping stone for your financial future? Hold on, hold on, we’re not here to take away your fun, we just want to ensure that as your December stays detty, the remaining months after that aren’t washed too clean.
It’s pretty easy, with some smart investment strategies, your Detty December can be about more than just fun—it can also set the stage for a wealthier tomorrow. Here’s how:
1) Balance Spending and Saving
Ohhh it is very tempting to go all out and break the bank, scatter everything, you’ve worked so hard this year and it’s time to enjoy, but detty December doesn’t mean you have to break the bank. Strike a balance between enjoying the festivities and making intentional financial decisions.
Set a budget for the festivities; allocate funds for gifts, outings, and travel while ensuring you have enough left to invest. Another way to keep the balance is to automate your savings and investments, set aside the amount you intend to invest, and lock it up if that’s what ensures its safety.
2) Consider Year-End Investment Opportunities
In the midst of all the festivities, people tend to miss out on the opportunities they could benefit from to get even more income. It’s the end of the year, the market often presents opportunities to buy undervalued assets during this period. Consult an investment advisor like Credlanche to explore these options.
3) Invest in Experiences with Long-Term Benefits
Sure, we want you to invest but not all investments are for monetary rewards, some can be towards your personal and professional growth. As much as there are holiday parties and all of its kinds, there are also events that you can attend to connect with mentors, potential clients, or business partners. This is you investing in yourself; the knowledge or relationships gained will surely come in handy later on.
4) Leverage Bonuses and Gifts Wisely
With this point, I know you’re rolling your eyes and thinking, you mean the free money I got after sweating at this job? Well, yes, it’s the free money but it doesn’t have to be all of it; if you’ve received a year-end bonus or holiday gifts in cash, you can consider putting a part of it to work. Boost your rainy-day fund for unexpected expenses (increase the savings that might save you later), and explore options like mutual funds, ETFs, or real estate crowdfunding; you can discuss this with your investment company to give you further advice concerning it.
5) Plan for January’s Realities
Detty December is fun and awesome until January comes and all you have left are the pictures and memories so you can’t even say, I don’t even know where my money went, you know and you have proof of it. Don’t start a new year with debt and financial backwardness; pay off all debts and loans, and allocate funds to your recurring bills that are sure to come up. Don’t say you were not warned.
6) Seek Professional Guidance
This might seem like cliche advice but it’s important that we state it, so you don’t overlook its importance. A professional investment platform would help you design an investment plan tailored to your goals and identify opportunities that align with your risk tolerance and time horizon.
Credlanche is one such investment platform that aims to help you make the most of your investment funds. As you go through your detty December, creating memories and enjoying the fruits of your labor, don’t forget that true wealth-building comes from combining enjoyment with foresight.
So go ahead, make this a Detty December to remember—for both the fun and the financial wins! Chat or call our customer service at (234) 812 – 3778 – 399 for more information on investment, credit, and asset management services.