The beginning of a new year is the perfect time to look at your finances and make smart financial decisions that you will benefit from in the future.
In this article, you will receive four financial tips that will help you have a good start to the year 2018.

Start off the year 2018 by making financial goals.
1. Review Your Investment Portfolio
The start of a new year is a great time to review and adjust your investment portfolio. How have your investments performed in the past twelve months and what other investment opportunities are out there that you would like to explore and potentially add to your portfolio?
DPN offers complimentary portfolio reviews to ensure that you are well positioned to generate strong returns form your property investments going forward.
2. Adjust Your Budget
The start of the near year is also a good time to review your monthly spending budget. What were the areas last year where you have spent more or less than expected? Use that information to adjust your new budget accordingly. Perhaps you will even be positively surprised and realise that you can put more money aside each month in the coming year.

The beginning of a new year is the perfect time to look at your finances.

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3. Create a Will and Update Beneficiaries
If you are married and/or have children, it is important for you to set up a will if you have not done so already. Also, it is important to update all beneficiaries in case you have had new additions to your family.
Additionally to writing your will, you should also take out a life insurance policy if you have not already done so. That way, you know that your family is financially taking care of in case of your premature passing.
4. Create a Tax Plan
Finally, you should also take time in the new year to review your taxes. While the entire topic of paying taxes is a pain point for most people, talking to a tax advisor and setting up a plan can end up saving you money on your taxes in the coming years.