The New Year is approaching us again. It’s that time of the year when everyone gets a chance to re-evaluate the past 12 months and muse on what’s gone right, and what can be improved. If you’re having a bit of trouble coming up with ideas for your New Year’s resolutions, how about some of these to get you started? To help you actually stick to your goals from January, use our checklist below and apply it to your every-day life. Having a bit of structure will help you focus and not lose sight of everything once the novelty of the New Year wears off. Read on below and see if our suggestions can lead you to your successful financial goals:

Reduce Your Debt

This one might sound obvious, but we strongly recommend you have a plan in place that is realistic and actionable. Getting rid your debt from sources such as credit cards, can be one of your first steps in taking charge of your finances so you can set up a healthy financial plan from 2016. Having a savings account is great, but before you commit to any savings you need to bring down your existing expenses first in order to have any long-term economic advantage. For your credit cards, set up a plan in place to eliminate debt by consolidating and refinancing to the lowest possible interest rate. Once you do that, you can start towards paying off the highest cost debt you have and make the minimum payments towards other credit card balances.

Grow Your Superannuation Fund

One of your most important financial source flying under the radar could be your superannuation fund. Sure, there are important bills to pay, such as paying off your credit card, saving for a deposit on a house, or paying off a home loan. But depending on your circumstances, it might make better financial sense for you to put extra money into your super account rather than the aforementioned activities. Don’t just expect there will be enough when you retire- because this rarely is ever the case. Any money you put into super must stay there until you retire. You need to weigh up the potential benefits of topping up your super now against other things you might do with your money. Ever heard of salary sacrifice? Commit to contributing a little extra every month. The New Year is also a great opportunity to review your investment options so that you have the appropriate mix of growth and assets in your portfolio. Make sure you have online access to your super fund, so you can check this status anytime.

Reward Yourself

Financial goals don’t have to be about just the boring stuff like investing or saving; learning how to spend your money is just as important as doing anything else! Make sure you include some fun or satisfying goals in the mix to reward yourself for committing to the cause, and keep you motivated to achieve your longer-term goals. For example, choosing one big purchase or luxury item can be a great target to work towards. The trick is, don’t use any credit to buy it- instead, work for it! Motivate yourself by adding this purchase to your financial game plan, and save a little every month for it. At the end of the year, reward yourself by going through with the purchase, and you’ll see just how financially responsible you’ve become.

Encourage yourself and set up some action steps to apply the above into your everyday working life. Here’s one last bonus tip; talking to someone about your goals is one of the best stimulus in keeping you track. At Debt Fix, we’re here to help if you have any technical questions, or need our assistance in consolidating. With our experience and proven results, we guarantee no matter what type of situation you’re in, we’re able to help. Call us now at 1300 332 834 or send us a message online and we’ll be in touch.