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Financial New Year’s Resolutions for 2017 Anyone Can Make and Stick With

Are you planning your personal finance resolutions? Financial New Year’s Resolutions for 2017 or any year are very common, yet few people stick to them. They talk about how they want to grow wealth or discuss smarter money management with family and friends, yet need help in achieving their goals. Following are some resolutions that you can stick with and achieve your financial goals in the coming year.

Eliminate Small Treats

Many people go out for coffee every day, never stopping to think how much this treat costs them over a year. Save the coffee for a special treat once a week. Doing so can save you hundreds over the year.

Set A Budget

Individuals often wonder where their money goes, yet don’t budget. With a budget, every dollar is allocated, thus there is never any questions where funds have been spent. Be prepared to make adjustments to the budget the first few months, however, as no one gets it right the first time.

Purchase Wisely

Although an inexpensive bed may seem like a good buy, it actually will cost more in the long run. This is due to the need for it to be replaced more often. Save up for a quality item even if it means doing without for a short period of time. This is true for any purchase, including clothing and furnishings.

Use Coupons And Loyalty Programs

Thanks to the internet, individuals can find coupons on almost any item. From groceries to clothing, furnishings to household goods, every store is competing with hundreds or thousands of others. This means they must offer the lowest price, and many do so by offering coupon codes or discounts to loyal members. Take advantage of these at every opportunity.

Save Money Wisely

Online banks frequently offer higher interest rates than their brick-and-mortar counterparts. Shop around for the best return on your money. You’ll find the interest adds up over time, and you are doing nothing other than parking your money in a different institution.

These are only a few of the things you should resolve to do in the coming year. If you struggle to stick with your resolutions, do one each month. For example, commit to buying only one cup of coffee a week for the month of January. In February, start budgeting. Over the year, you’ll see the savings add up, and you’ll be on the path to a more secure future.



Paul Baggetta is the Founder & Principal of Baggetta & Co. Paul Baggetta has been a Taxation Accountant for over 36 years, a Financial Planner for over 18 years and in 1993 qualified as a Real Estate Licensee, holding a Triennial Certificate (currently not trading), and operated his own Real Estate business for property investment clients for over 5 years as a second business.

 Financial planning services provided by Paul Baggetta as an Authorised Representative (No. 261469) of Capstone Financial Planning Pty Ltd. ABN 24 093 733 969. Australian Financial Services License No. 223135. 

Taxation & Accounting services provided by Paul Baggetta as a Registered Tax Agent (No.61487008) and is a Member of SMSF Association, IPA & NTAA.


The material and contents provided in this publication are informative in nature only.  It is not intended to be advice and you should not act specifically on the basis of this information alone.  If expert assistance is required, professional advice should be obtained.

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