As we enter the last quarter of 2020, it’s nearly impossible not to reflect on the normalcy we’re all being pushed to learn. While we’ve come a long way from the start, there are still a few months to go. With an election on the horizon and continual unknowns about the virus, I share 3 quick tips to help prevent the dreaded year-end burnout!
- Schedule Your “Perfect Day”
While it’s nearly impossible to have a day go 100% as planned, it’s important to realize what makes your day truly fulfilling. While personally experiencing some frustrations at the start of quarantine, I was challenged by a coworker to plan out my ‘perfect day.’ As simple as it may seem, it really helped put into perspective how to value my time – especially when it’s spent within the same four walls most of the day. This is certainly applicable to both your professional and personal days. I think the most important part is to realize that it is okay and necessary to schedule breaks for yourself. As we begin to count down the days left in 2020, it’s also important to note that you can still make use of every single day you have left!
See below for an example of my perfect 8 am – 5 pm day. While there are 30-minute windows with nothing scheduled, you get the basic gist of my task times, client times and personal times. *As a note, my dog’s name is Jerry!
2. Establish and Continue with a Routine
Being a creature of habit, I absolutely do my best when I establish a routine and stick with it. I’m sure many people found themselves in the same situation when quarantine started – confused and lacking access to many of our routine staples, i.e., the gym, going to the office, etc. While adaptation is a key theme for 2020, I found that pushing myself into a new routine (and sticking with it) helped my time at home seem more normal.
As demonstrated in the ‘perfect day’ example above, your routine can include small tasks, such as a 45-minute walk with your dog. With the idea of a routine, it allows you to check off various tasks for daily victories, no matter how big or small. I see this being especially important as we round out the year. By addressing your goals, enjoyments and priorities now, it can certainly give you that push to make it through the end of the year and ensure your routine is setting you up for success.
3. Review Your Finances Before EOY
It should be no surprise that year-end is a major ‘crunch time’ for financial planning. It’s the time to cross the T’s and dot the I’s prior to the start of a new year. While some things cannot be taken care of in advance, i.e., mutual fund capital gain distribution strategies, there are still a vast number of items you can focus on. Here are a few items you can knock off now to ease the rush of the last quarter:
- Your Budget. When talking with clients, it seems that almost everyone has had a change in cashflow – and generally for the better. While their money is no longer spent on travel, eating out, etc., many people are experiencing a surplus. Now is a great time to update your budget accordingly to beat the year-end rush!
- Your High-Interest Debt. This is certainly an important one. As some credit card interest rates near 30%, getting control of your consumer debt should be of high importance. You can certainly rack up debt during holiday season, so being proactive and combining this with your budget can help any stress and burnout as we close out 2020.
- Talk with your Advisor. Always remember, you don’t have to do this alone! As an advisor, I’ve learned that year-end can be a stressful time for many people, as they feel a sense of urgency to complete every financial goal they set forth at the start of the year. With that being said, Atlanta Financial offers the tools and skills to empower you to make the best financial decisions, no matter your stage of life.
This year has certainly been a whirlwind, and with less than 3 months to go, I certainly look forward to seeing what 2021 has to offer. With half the battle of making it there and avoiding the classic year-end burnout, I challenge you to give these tips a try and see if they make a difference as you wrap up 2020.