2016 is here whether you are ready or not, but wouldn’t you rather be ready? All around the world you hear about the downfall of economies, businesses, and even marriages, due to bad financial decisions. When finances are managed incorrectly it can be a long hard road to recover from but the truth is many financial disruptions can be avoided with some simple planning and educated decision-making. We want to make it as easy as possible for you to have the best financial year of your life! So start with these financial resolutions:

Invest with Advice

All of us have questions about our finances. Your questions could be as simple as who to bank with or as complicated as your retirement choices, either way investing in solid financial advice is the first step to ensuring 2016 is the best year of your finances! As a member of Baymac you have access to our wealth management services provided by AES International. Take advantage of your benefits now and sit down with an adviser to get your questions answered.

A plus B equals C

A general rule of thumb that all expats should know for their finances. AES International said it best: If you live in country A and you work in country B, then you should bank in country C. There are so many benefits to banking offshore and could be the second best move you make this year!

Understand your taxes and investments 

Did you know the United States is the only country that requires you to pay taxes on worldwide income? Think about how much difference this little detail makes when you do your next tax return. In the same way, specific countries will set limitations on your investments if you reside abroad. This is something you need to know before you take that expat position, but even if you already have, talk with a financial adviser now to make sure your investments are protected.

Make savings a priority 

Utilize your discount opportunities, both in your home country and abroad, to create savings wherever you can. Every country has their own online vouchers or savings techniques that you can utilize. Having a secure and growing savings fund is an important key to a stable financial future.