In making financial goals for the new year, the approach many people tend to take is to go big. In doing so, they might be missing the small picture.
“These smaller goals become your true financial foundation, a solid base that is crucial for your financial success, especially when you start reaching and planning for the larger goals in life,” said Michaela McDonald, a financial-advice expert at Albert, a finance app.
Ms. McDonald says many of her clients have asked for advice to help them achieve lofty financial objectives, but neglecting day-to-day financial health is often the reason people struggle to accomplish even half of their savings goals throughout the year.
For many, 2020 has been exhausting, so it might be tempting to write off little expenses and fees to eschew another headache. But small amounts can matter—here’s how to find and look at the tiny corners of your financial life without getting overwhelmed.
Track down your accounts
Joy Liu, a financial trainer at the Financial Gym, recommends tracking down all your accounts and debts—even the small ones.