Making the commitment to financial fitness in 2019

After the exuberance of the festive period, many of us start the New Year with a new found commitment to getting fit and healthy. January is well-known as being one of the busiest times of the year for gyms – both in terms of new memberships and existing members stepping up their attendance.

We’re not here to tell you not to get that expensive gym membership – staying physically fit is an important part of overall wellbeing and if you’ll use it, investing in such luxuries is well worth it.

In fact our advice is to take it a step further – and put some time and effort into your personal financial fitness.

Here are some key steps to getting – and staying – financially fit for the year ahead.

Set a baseline

Before commencing any new programme of physical activity, it’s sensible to get a base reading on your current level of fitness, so you can monitor any progression you make.

The same applies to your personal finances – it’s important to have a full picture of what you have to be able to make a comprehensive plan to take forward.

Go for goal

Having a goal in mind when working on your fitness can help to provide a real impetus. Perhaps you have a significant date or event in the diary that you want to work towards, or maybe you have a target weight you want to reach. Setting goals makes your training more personal to you, also allowing you to break your time down into measurable and manageable stages.

When we engage in discussion with a potential new client, goals is one of the key areas we focus on. In order to develop a financial plan that is right for an individual, we need to know where they want to get to and by when. Personal goals can vary hugely from person to person and aligning financial goals with personal goals may involve some work. Goals may change over time as circumstances develop; but starting off in the right direction initially will form the basis on which future plans can be built upon.

Get professional help

Undertaking physical training or exercise under your own steam is commendable, especially if you are able to remain motivated and stick to your training schedule. However, many people find themselves losing momentum after a while, needing the extra boost that can be provided by the likes of personal trainers.

Similarly, a financial adviser can help to develop a financial plan – and help you stick to it – so you can be confident you’re on the right track. Whilst you may be happy looking after bank accounts, savings plans, investment and pensions etc to a certain degree, a financial adviser will be able to take this a step further so you know you are making the most out of your financial circumstances.


Undertaking exercise is one thing, but being able to monitor your progression and look back over your fitness achievements is both rewarding and motivating. These days, tracking your activity has never been easier. Be it reaching a specific step count in a day or hitting a certain heart rate, tracking devices are readily available.

Putting the right measures in place to monitor your financial situation and the performance of your investments can be equally as attainable with the right guidance. Engaging a financial adviser for the first time can be somewhat of a leap of faith, but once you can start to see returns, and the power these have when reinvested, regular reviews of your portfolio can become both enjoyable and exciting.

If 2019 is the year you want to take you financial fitness to the next level, the team at Addidi can help.