By
President
HSA for America

Setting Your 2012 Goals


January 1, 2012
Vol. 8, Issue 1

 


Every year, I spend some time thinking and then my wife Christie and I spend a full day writing out our goals and plans for the coming year. In January, I go through a similar ritual with my business partners. I believe it is one of the most important things I do and I encourage you to take time to write down your own goals, too. I suggest setting goals in every area of your life – family, financial, health and spiritual – and whatever else is important to you. And, I’ll remind you about some ways to improve your financial situation in this issue.

Most Popular Resolutions over the Last Decade

FC Organizational Products polled more than 1,000 adults across the U.S. for an annual New Year’s resolutions survey. They started doing this in 2002. A decade later, they found the three most popular resolutions for 2012 were also on people’s list back in 2002.

Here is what the survey showed a decade ago compared to the most frequently-cited New Year’s resolutions for 2012.

2002

2012

1.

Lose weight

1.

Become more physically fit

2.

Improve financial condition

2.

Improve financial condition

3.

Quit/reduce smoking

3.

Improve health

4.

Become more physically fit

4.

Lose weight

5.

Change career or job

5.

Read more

6.

Improve family relationships

6.

Have a more positive attitude

7.

Improve health

7.

Improve family relationships

8.

Continue education

8.

Travel more

9.

Improve work habits/career

9.

Do more volunteer work

10. Both years:  Improve relationships with associates and neighbours.


Setting Financial Goals

Financial health is about getting more for your money, reducing your risks, keeping more money in your pocket and handling the unexpected.

The beginning of the year is a great time to review your financial situation, and see where you may want to make improvements.

Keep More Money in Your Pocket

Here are some ways to get more for your money, and some ways that we can offer assistance.

  • Buy non-perishables in bulk, including maintenance medications. Find out how much you could save with overseas mail-order prescriptions at www.HSAforAmerica.com/member-benefits-rx.htm.
  • Compare prices for things you buy often as well as for major purchases.
  • Evaluate insurance (health, property and vehicle) annually. Request our Annual Comprehensive Policy Review to see if you can save by switching health plans.
  • Consider buffering your high-deductible plan with low-cost accident insurance. Instant rates are available at www.HSAforAmerica.com/accidentshield.htm.
  • If you are self-employed and your spouse works in the business, increase your tax savings with a Health Reimbursement Arrangement. Information is available at www.HSAforAmerica.com/hra-self-employed-special-report.htm.

Manage Your Risks

There are usually things we can all do to better prepare for the unexpected and plan for the future:

  • Work on saving enough to cover living expenses for three to six months.
  • Put insurance policies, bank/investment statements, vehicle titles and property deeds in a safe and easy to locate place.
  • Know your net worth and update this information on a quarterly basis.
  • Compare rates on term life insurance at www.HSAforAmerica.com/termlife.htm.
  • Research critical illness plans at www.HSAforAmerica.com/accident-ci.htm.
  • Check your credit rating at least every three years and before major purchases.
  • Close credit card accounts that you do not use regularly.
  • Set financial goals, like saving for a car, college, retirement, etc.

If taking control of your financial health seems a bit overwhelming, just try to accomplish one goal a week. Every time you save money, you’ll feel more confident and you’ll feel more secure and in control before you know it.  And, let us know if we can be of assistance.

 

 

Until next time, have a happy New Year!


Wiley Long
President - HSA for America

 

HSA for America
749 S. Lemay Ave, Suite A3-116
Fort Collins, CO 80524
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