The new year is a natural time to review the wins and losses that have occurred during the past few months. There may have been job changes, graduations, vacations, and many other events to reflect on.

It’s also the time of year when people set new goals to strive for. Resolutions are made that may include changes to diet, exercise, and above all else, finances.

If you’re ready to be financially fit and fabulous in 2018, here are some New Year’s resolutions to consider.


1. Revise Your Budget

One New Year’s resolution that can help you be financially fit and fabulous is to revise your current budget.

As the old year fades, this is the time to review what is working and what isn’t. For example, if you haven’t kept up with changes as your monthly bills fluctuate, this is the time to get review and get them taken care of.

Look over the last few months of bills and compare them to your most recent budget. Have you made debt progress this past year and paid off a debt completely? Did you cell phone bill increase, but you didn’t update your budget? Now is the time to correct these changes and update your budget for the new year.

Financial New Year's Resolutions | Cashback Loans


2. Check Your Credit Report

Financial New Year's Resolutions | Cashback LoansIf you haven’t checked your credit report in a while, this would be a great time to do it. Occasionally there are errors, so it’s a good idea to look it over once in a while.

You may also wish to look it over to ensure no one has stolen your identity and opened new accounts that you did not approve. If so, they could show up on your credit report and ruin your good financial standing.

You can check your credit report for free at Thanks to Federal Law, everyone is entitled to one credit report from each of the three credit reporting companies each year. This won’t tell you your credit score, but it will help you monitor your accounts and look for errors or discrepancies.


3. Assess Your Money Goals

Another way to be financially fit and fabulous is to assess your money goals. If you met your goals during the past year, it’s time to set some new ones! But, if you didn’t meet your money goals in the previous year, take some time to look at why.

One reason you may not have met your money goals is because your priorities may have changed. Or, maybe life threw you a curve ball, like having a major repair that wiped out your emergency fund.

Whatever happened in this last year, don’t beat yourself up about it. Celebrate any successes you had and create new goals so you are ready to take on the new year with determination and a plan to reach them.

Financial New Year's Resolutions | Cashback Loans


4. Eliminate Unnecessary Spending

Payday LoansAs you revised your budget, did you identify any areas where changes could be made to eliminate unnecessary spending? If not, do you need to take a second look? Sometimes throughout the year we fall off the budget wagon.

Starting the year over gives you a chance to cut back on your spending and put your money toward your money goals like paying off debt, or building your savings.


5. Use Extra Money in Smart Ways

From time to time you may discover extra money in your budget. It can come from product rebates, employment bonuses, tax refunds, or other sources.

Many people take this type of windfall and spend it. But in reality, none of the items you buy are going to make you financially fit and fabulous.

Instead, use this money is not a part of your regular income stream to your advantage. Some smart ways you can use extra money are to pay down debt or grow your savings. It’s ok to spend a little of it on something fun, but make sure you don’t blow every penny of your extra money.

Financial New Year's Resolutions | Cashback Loans

Just about everyone makes New Year’s resolutions at the start of the year. If you want to have a lasting impact with yours, make these resolutions to be financially fit and fabulous.

About Kayla Sloan

Kayla Sloan is a freelance writer who covers business and personal finance. She has been featured in The Huffington Post, Time, Entrepreneur Magazine, and more. Kayla is passionate about helping people improve their finances so they can pursue their dreams.


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