At the dawn of another year, setting financial resolutions becomes crucial for a stable future. It can serve as a roadmap towards economic well-being, empowering individuals to manage money more effectively. Proper management of expenses aids in reducing debt, making savings, and creating new investment windows. Prioritising financial goals ensures a more organised and secure financial journey. Overall, it fosters the path towards achieving long-term aspirations. Let’s take a look at some practical resolutions to manage your finances in 2024. Top 10 Financial New Year’s Resolutions and Ways to Fulfil Them Creating a Budget and Sticking to It Creating a proper budget is key to managing money smartly. Try using apps or spreadsheets to split your money between what you need, what you want to save, and what you can spend on non-essential or luxury things.  By keeping a close eye on your spending and sticking to your budget, you can avoid spending money on things you do not need. It helps you keep your expenses within your budget. Read more: 10 Foods to Eat for Good Luck in New Year Practising Mindful Spending Being mindful about spending means making choices that align with your goals and it leads to a more stable financial future. It is very important to take a mindful approach to spending by thinking before you buy. Try to focus on what you truly need rather than what you want right now. You may consider if your purchase brings long-term benefits. This way of spending helps you control your money better and keeps you on track to reach your financial aims.  Paying off Debts and Loans One should make it a priority to clear off debts with high interest rates as they can weigh one down financially. For instance, credit card debt needs to be paid in due time to avoid fines. To repay big debts arranging money from savings or low-interest loans can be considered depending on the situation.  In the new year, one can prepare a repayment plan to settle all debts and get financial freedom. Read more: 5 New Year Resolutions that are actually achievable Building an Emergency Fund Life can surprise us, so it is wise to have a safety net for unexpected costs. Try to stash away money for an emergency fund that can cover living expenses for three to six months if needed. You may look into FD or DPS packages offered by different banks or financial institutions. This practice can help you save more money while making sure you can access them easily.  Whenever you hit a milestone on your savings journey, take a moment to celebrate your progress towards your financial safety net.

Resolutions give us an opportunity to outline our aspirations and step towards personal growth. Beginning of the year is a great time for setting resolutions to embrace fresh beginnings with the pursuit of positive change. However, not all resolutions last longer. People often fail to keep resolutions. Let’s find out how to keep the New Year’s resolutions. Why New Year Resolutions Fail Tradition over Purpose Many resolutions arise from tradition rather than a genuine need for change. When resolutions are set solely because it is customary at the start of a new year, the motivation to pursue them may dwindle compared to goals rooted in a true necessity for transformation. Failure to Anticipate Obstacles A common oversight to fulfil resolutions is the lack of foresight regarding potential obstacles. The barriers are different for every individual. If someone neglects to identify and plan for potential barriers, it can significantly increase the likelihood of encountering setbacks in achieving his or her resolutions.   Read more: How to Spend the Weekend in a Creative Way Unrealistic Goals and Lack of Accountability Setting excessively challenging or overly simplistic objectives often leads to failure. Lack of accountability further diminishes the likelihood of accomplishing these goals. Studies reveal that accountability doubles the chances of achieving set objectives.  Neglecting Tracking and Planning Neglecting regular progress tracking and inadequate planning contribute to failure. Establishing a routine review system and meticulous planning are essential to keep resolutions. This process fosters consistency and allows for adaptations to challenges that may arise along the way. Unclear Purpose and Self-Doubt Unclear reasons behind resolutions and succumbing to self-doubt are detrimental. People tend to set goals without a clear roadmap. It leads to frustration and eventual abandonment of their resolutions. A strong emotional connection to goals helps dispel excuses and strengthens commitment.  Read more: Good Stress: What Are the Benefits of Eustress? 10 Tips to Help You Keep Your New Year's Resolution Set Specific and Measurable Goals  First, establishing clear, measurable objectives is foundational. Try to begin by establishing precise, measurable objectives that can be effectively tracked. Specificity ensures clarity in what you aim to achieve and aids in progress monitoring and strategy refinement.  Measurable goals provide a tangible way to track the advancement and make necessary adjustments for success. When goals are well-defined, they become more manageable, and progress becomes more apparent. Read more: How to Enjoy Your Own Company: Tips to Overcome Loneliness

The wheels of time are running and another year is going to end in our life. As the new year approaches new possibilities are coming. To build a successful life and career in 2023 it is essential to make plans and determinations. However, making big plans and tough targets might lead to failure. Let’s find out 5 attainable New Year resolutions that will help you to be successful in professional life and relationships. 5 New Year Resolutions for Better Life and Career Learn a New Language Learning a new language opens a door of opportunities. Usually, people learn at least one international language in schools besides their mother language. For instance, in Bangladesh, English is taught in educational institutes as an international language. Besides English, there are many other international languages like German, French, Chinese, Russian, etc.  If you can make a resolution to learn a new international language, it will not only help you find new employment options; but also sharpen your mind. Read More: 10 Most Useful Foreign Languages to Learn in 2022 Learn a New Life Skill Many adults lack basic life skills like cooking, swimming, driving, etc. However, your life might go on without knowing the basic life skills. But life skills can make you more confident. And who knows sometimes life skills can save your life during emergency situations. If you wish to learn any certain life skill, but couldn’t do that due to lack of time or other reasons, take it as your new year's resolution. You can reserve a certain time in your daily routine or make plans on the weekend to learn and practice your desired life skill. Read More: 10 Essential Life Skills for Teens to Learn before College  Learn a New Professional Skill Due to the pandemic many businesses have been affected leaving a blow on the job market in most countries around the world. Therefore, learning a new professional skill like digital marketing, graphic design, video editing, etc can give you scope to earn extra cash through freelancing or outsourcing. What’s more, you can learn advanced skills regarding your current job or profession. For instance, if you are a programmer, make a resolution to learn an advanced programming language that can strengthen your CV, secure your career and help you make handsome incomes.   Read More: Top 10 In-demand Tech Skills Freshers Should Learn in 2023 Adopt a Good Habit  Humans are built with habits. Some are good while some are bad. The new year gives you the opportunity to rethink your habits.  You can make a resolution to build a good habit considering your health, passion and profession. For instance, if you are doing a desk job, try to build a habit of walking one hour everyday or 3 days a week. If you have dreams of traveling abroad, make a resolution to build a habit of saving. Read More: Benefits of Reading Habit for Mind and Body Get Rid of a Bad Habit Certainly, you have some bad habits that are ruining your precious time or health like smoking, social media addiction, fast food addiction, a sedentary lifestyle, etc. Therefore, you can target one or two habits you want to change and make a resolution in the new year. Getting rid of an old habit that you have practiced for years won't be easy; but it won't be impossible either. It takes strong determination and patience.  For instance, if you make a new year's resolution to quit smoking, then find alternatives that can discourage you from lighting a cigarette. You can give yourself incentives for the successful attainment of your resolution. Read More: Post Meal Bad Habits: Things You Must Avoid Right After Eating Meal Bottom Line As a new year comes we grow old. Still, experiencing the new year is a blessing and joyful for everyone. Why not make some resolutions to make our life and health better. So far, we have discussed 5 attainable new year resolution ideas for 2023. You can make your own resolutions to make the upcoming year prosperous, peaceful, and felicitous.