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04 JANUARY, 2023

As you wrap up this year, it’s only natural that you may already be thinking of everything you want out of the next one. No matter how 2022 went for you, 2023 can be your year with just the right planning and execution. First, it is essential to know what you want and then it’s important to do the needful to set the right tone from the first month of the new year itself!

Don’t think of this as setting resolutions or goals. The truth is resolutions, more often than not, don’t end up working out because the enthusiasm fizzles out soon enough. Instead, think of what you want from your life in the coming year and then draw out an action plan to slowly and sustainably work towards it. Do you want to focus more on your physical and mental health? Is it time to make that big career switch? Do you want to finally take that trip that has been on your bucket list for years? Do you want to learn a new life skill like cooking or take up a hobby like swimming?

Chances are, you want to do more than one thing and focus on more than just one aspect of your life. In that case, here are the 8 things you can do in January to set the right tone for the year 2023 and make it your year!

  • Take a vacation

Starting the year with a solo trip to the mountains can help you clear your mind and refocus on what your priorities are for the new year in addition to rejuvenating you. Or maybe you need some quality time with your loved ones such as your partner or your children or your parents. Either way, a change of scenery and a break from your routine can be a great way to begin the year. And while you do indulge in a rejuvenating vacation, you can be truly relaxed without having to worry about your finances as a personal loan for travel is easily available at your disposal!

  • Join a physical activity

There is no denying that taking care of your health is crucial and that physical and mental health are closely linked. So, if you want to focus on your health and fitness in the new year, you shouldn’t put it off. Remember, you don’t just have to join the gym. You can sign up for any physical activity that requires you to exert yourself but also one that allows you to enjoy. This could be swimming, yoga, Zumba, tennis, horseback riding, martial arts, etc.

  • Get a makeover

One of the quickest and most effective ways to feel positive change is to get a makeover. Think of a hair treatment or a dermatology procedure that you have wanted to get for a while. If there is not anything like this on your list, then a makeover could be as simple as getting yourself a new wardrobe. Dressing in a way that matches your new sense of self and personality has a way of increasing confidence. Make sure to include everything from clothes and shoes to accessories and haircare and skincare products.

  • Build a reading nook

Whether you are a book lover from the start or somebody who wants to get into the habit of reading or encourage your children to develop that habit, having a reading nook in your house is a great idea. Why? Well, reading has a range of benefits and in fact, you will notice a trend in most successful people – they swear by reading. This includes Warren Buffett, Mark Zuckerberg, Elon Musk, Bill Gates, and more. You can identify a corner of your house that is perfect for a bookcase and the perfect, cozy armchair. While this kind of remodelling might cost you a bit too much, you can always rely on a personal loan to ensure that your savings are unaffected. And now with all these aspects taken care of, all you have to do is go on a book haul and buy all the books you want to challenge yourself to read in 2023.

  • Rekindle the love for an old hobby

It’s easy, as you grow older, to let go of things that once bought you joy. 2023 is the perfect time to rekindle your love for an old hobby. If you used to play the piano, maybe it's time to treat yourself and buy a grand piano and take up some lessons to brush up your skills. Or if you were into baking, you can set up your kitchen in a way that allows you to explore that again.

  • Upskill for work

Maybe 2023 is the perfect time for you to make that career switch you have been thinking about for a while. It may be taking up a short course so that you can make a lateral career move to explore a role that has always fascinated you. Or you could learn new software or skills that would translate into a big promotion and salary hike. When thinking of upskilling, don’t just limit yourself to online courses. Think of top universities around the world that offer diploma or certificate courses for working professionals in your niche.

  • Go back to being a student

Maybe you had to start your career at an early age and never got to get that master’s or PhD degree in a field that you enjoyed. This could be philosophy, literature, history, math, a foreign language, or whatever else you want to study for the pure joy and knowledge of it. There are several institutes that offer such degrees that allow you to study and continue your job at the same time.

  • Complete your passion project

If you have had a passion project that you haven’t gotten around to completing, then working on that may just be the best way to start 2023. It will help you get into the flow of doing something that intellectually and perhaps emotionally stimulates you. This could be writing a book, setting up a charity for a cause you care about, building an animal shelter, or starting a small business.

How to make sure you end up doing what you want?

Once you have identified what you want to do when 2023 begins, you need to figure out how to do it. No matter what you pick, one thing central to everything stated above is money. In fact, lack of time, direction, and money may have been some of the primary factors that may have been hindering you from building the kind of life you really want to live. But you don’t have to let that trend continue into this new year. Instead, you can just opt for smart financing such as a online personal loan.

The best part about a personal loan is that you can use the funds from it for any purpose you may require. There are absolutely no restrictions on the usage. In fact, you can use a personal loan for travel, for home renovation, for paying for a workshop or course to upskill, and more. If you meet the personal loan eligibility, which is essentially having a stable source of income and a good credit score, you can apply for one personal loan and use the funds from it for several different things. Say, you have identified that in January 2023, the way you are going to set the right tone for your year is by taking a trip to the northeast, signing up for swimming lessons, and learning a foreign language. In this case, you can simply apply for one personal loan and use the loan proceeds to fund your trip, swimming lessons, and language classes.

This way you don’t have to delay taking control of your life and working towards what you really want. Also, a personal loan allows you to spread the cost of these things over time so that you can comfortably meet the Equated Monthly Instalments (EMIs). You have the flexibility of choosing a repayment tenure between one and five years and you can use a personal loan EMI calculator to assess what tenure works best for you. The process of applying for a personal loan is quick and simple so you can get started right away to have the funds in your bank account in time for ringing in the new year well!

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Disclaimer: This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein. Tax laws are subject to amendment from time to time. The above information is for general understanding and reference. This is not legal advice or tax advice, and users are advised to consult their tax advisors before making any decision or taking any action.