How to reset your New Year's resolutions when they’re not working


New Year seems like a lifetime ago. So it’s only natural that you may have forgotten about the resolutions you made at the beginning of the year. But now is a good time to reset and potentially reevaluate these resolutions.

If you started the year with financial goals for 2022, take this opportunity to revisit them and make any necessary adjustments so that they’re more achievable.

5 potential financial goals and how to work towards them

If you need help starting to work towards your financial goals, here are some tips.

Tracking your spending: If you aren’t good at sticking within your budget, you might want to consider using a budget or savings app to help you stay on track. Here’s a list of good apps you might like to try: The seven budget and savings app every Aussie needs

Making a new budget: You might want to recalculate your budget and incorporate any new expenses you might have so that it’s up to date. From here, you can work 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!

Working towards a savings goal: If you have a certain savings goal in mind, start by making sure it’s realistic and achievable. Next, write down the goal so you keep it in mind and if it helps you stay motivated, you may even want to write down the amount you wish to save somewhere visible so you can have a continual reminder of the goal that you are working towards.

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 car loans and finding one that’s right for you. Knowing how much potential interest you will be paying on a loan can help you budget towards this and make your dream come true. You can find all the top loan rates on our site, reviewed and compared to make it easier.

Get out of debt: If your resolution for this year is to get out of debt, a debt consolidation loan may 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 one that’s right for you.

For more budgeting tips, this Mozo guide may help!