Financial spring-cleaning in Year of the Snake

THE start of the year is a good time to review your financial health and consider next steps. It is timely to assess if your emergency cash, insurance, investments, and retirement planning are on the right track, take steps to close money gaps and boost your resilience.

With the Chinese lunar calendar’s Year of the Snake beginning on Jan 29, we can emulate the characteristics of the snake. Occupying the sixth position in the Chinese zodiac, the snake is often associated with wisdom, flexibility, intelligence, and transformation. These are the same attributes that can help us to be on the lookout for fresh opportunities and ways to enhance our financial wellness.

Financial strategies

Let’s look at four financial strategies that are inspired by the key traits associated with the snake.