Before the new year begins, you should take a look at your finances and make some goals for 2023. After all, January is Financial Wellness Month, so there's no better time to take stock of your financial situation and start the new year with stronger financial well-being by following the five goals below.

Get a financial check-up. This step is important so you know where you stand. Add up your assets and subtract your liabilities. The result will show whether you're in the green (positive) or red (negative). Knowing the answer can help you plan your savings and spending for the following year.

Create a spending plan. Itemize your monthly expenses, and don't forget to include your essential and non-essential items. Determine if you want to make it a priority to save money or eliminate debt.

Conduct monthly financial meetings. Just like you would at a job, having monthly meetings with family members regarding finances makes sense. If you have children, consider including them in these meetings. Share financial priorities and spending plans.

Plan for the unexpected. No matter how detailed your spending plan is, things happen. Vehicles require unexpected maintenance, appliances need replacing, or medical emergencies occur. Start with an emergency fund of at least $1,000 and then a full emergency fund, which should be about three to six months of your income.

Increase your retirement savings. If you're years away from retirement, you might benefit from compounding interest over the next several years. Consider increasing your contributions to accelerate your savings.

While these tasks might seem overwhelming, know that you don't have to do them all on your own. Reach out to a trusted financial advisor if you need further assistance in creating or maintaining your financial wellness goals.

Sources: LPL.com, Allgenfinancial.com, Nationaltoday.com