How to Reset Your New Year’s Resolutions When They’re Not Working

The New Year seems like an eternity. It is therefore normal that you have forgotten the resolutions you made at the beginning of the year. But now is the time to reset and potentially reevaluate those resolutions.

If you started the year with financial goals for 2022, take the opportunity to review them and make the necessary adjustments to make them more achievable.

5 potential financial goals and how to achieve them

If you need help getting started on your financial goals, here are some tips.

Track your expenses: If you’re having trouble sticking to your budget, you might consider using a budgeting or savings app to help you stay on track. Here is a list of good apps you might like to try: The seven budgeting and savings apps every Aussie needs

Make a new budget: You may want to recalculate your budget and incorporate any new expenses you may have so that it is up to date. From there, you can figure out how much you can realistically save by the end of the year. If you need help calculating your budget, Mozo’s budget calculator can help!

Towards a savings goal: If you have a certain savings goal in mind, start by making sure it’s realistic and achievable. Then write down the goal to keep it top of mind and if it helps keep you motivated you can even write down the amount you want to save somewhere visible so you can have a continuous reminder of the goal towards which you work. .

Buying a house or a car: If your financial goal is to buy a house or a car, you can start this process by researching home loans or auto loans and finding the right one for you. Knowing how much potential interest you will pay on a loan can help you budget for this and achieve your dream. You can find all the best loan rates on our site, reviewed and compared for your convenience.

Repay debts: If your resolution for this year is to get out of debt, a debt consolidation loan can help. If you want to learn more about consolidation loans and how they work, we have a helpful guide for you. If you’re ready to compare consolidation loan options, check out our reviews to find the right one for you.

For more budgeting tips, this Mozo guide can help!

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