2022 is a year of new hopes and opportunities for everyone. Now is a great time to reflect on 2021 and determine what new things you need to do for yourself in regards to shoring up your finances aka your money moves for the New Year.

We all know how the coronavirus pandemic struck the world and the extent to which everyone across the planet is impacted one way or another especially issues related to finance or money moves. So, you must act wisely now and identify concrete lessons that you have learned as a result of the pandemic and how you can use those as opportunities to create a better financial picture in 2022. Here are five money moves that you can make for the New Year.

Related article: Emergency Funds – Do I Really Need One?


Focus on your Health

You may be thinking — what on earth does your health have to do with your money-making moves. Well, simply put, if you are physically strong, then you will be energized to do your work and if you are mentally fit, you will not get tired or exhausted earlier than you could have. 

Another often overlooked area of health that has a direct impact on your finances, is that if you are healthy, your expenses for medical purposes drop significantly. Since many people have to supplement their medical expenses, this can result in huge savings which directly hit your budget. Your health should always be a priority because a healthy mind and body result in extraordinary achievements.

Review your Financial Goals

There is no specific time to do a financial goals checkup, but what time can be better than the beginning of a year. All that you did in 2021 is fresh in your mind, and you might be able to course-correct if necessary. I would recommend you sort out all the financial goals and compare them with goals made in 2022 just so you know what difference you can bring in 2022. Having that clear path is going to help you budget, save, invest, and grow your wealth.

Shore up Cash Reserves

The pandemic left very significant marks on the financial conditions of individuals around the globe. People with no/few cash reserves were hit pretty hard. An article by CNBC reported that “here in five Americans (61%) say their emergency savings won’t last through the end of the year or that they have already run out of savings.” Many countries have been offering subsidies to their citizens, however, this might not be enough. 

For these reasons, you should start an emergency fund right now and avoid spending on things that you do not need at the moment. This way you will have enough cash reserves to take you through an emergency crisis. Moreover, with the uncertainty of employment in many industries, the cash reserves will be available in case you were to become unemployed. I recommend that you save a minimum of three to six months of your income.

Look for Opportunities

The world hit the digital revolution so fast that it became very obvious that you need to find opportunities online especially in the IT or freelance sector. There are numerous benefits to this: 

·      You won’t have to travel and you can do all of your work at home. 

·      You will be able to spend as much time with your family as you want while working from home.

·      You can generate different streams of income to supplement your salary. This way if you become unemployed, you still have money moving in the door.

Prepare for the Tax Time

The beginning of 2022 is the start of the tax season. If you are expecting a tax bill this year, you must allot sufficient funds to it already so that you are not hit with penalties and interest if you do not have the payment by the deadline. Be sure to find the right tax professional who will get you the maximum deduction and can help you with future tax planning.


Overall, these are some of the best money-making moves that you can go for in 2022 as they are understandable and do not require much effort. Moreover, if you do it right, you will be able to save enough money to avoid any kind of disturbance in your financial cycle. 

I work with clients, regardless of where they are on their financial journey, to grow their wealth. Take our free course The Art of Wealth Creation to learn how to start building wealth.

About Tanya

Tanya Taylor, CPA, MBA is the founder and CEO of Grow Your Wealth.  Her mission is to help 1 million professionals and business owners ditch bad debt and create a 6 or 7-figure retirement income by learning how money works in 6 steps so that they can build a legacy without feeling stuck.


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