The first of a new year. Stumbled upon a yearly financial checklist. A nice useful journalistic finance post by Strait Times that I hope will find readership amongst my fellow Singaporeans.
Now and then, we see checklist posts use leading sentences as such: as the year end approaches and also to close out the year and beginning of the year is an opportune/good time.
Really, there is no better time than NOW if you have not done it before or didn't have it scheduled previously.
Other than that, there are certain times for people in certain circumstances to time their activities in various orders as well. Example for the self employed, the best time of the year to decide your tax relief for this current year (and by association, your self determined annual income) is at the very beginning of the year. Also, for the employed with bonuses, nothing better than the beginning of the year to determine your expenditure pattern and usage of bonus from the previous year.
