10 Important Money Resolutions for 2019

New Year starts with making a New Year Resolutions but as the day passes these New Year resolutions also vanishes. Many of us make resolutions but we rarely stick to the these resolutions. After sometime we forget about our resolution.

Although money is not everything but this is the most important part of our life. Your life will be much better if you manage your money properly.

So if you want to manage it properly, you need to make some important money resolutions for 2019.

10 Important Money Resolutions for 2019

Here some 10 important money resolutions for 2019 which will help you to achieve your financial goals. And yes, stick to this for at least 3 months & see the great change in your life.

money resolutions

1. Pay Debt

The very first resolution for New Year is to clear your debt. Decide a specific amount which you will keep aside for paying debt. Remember with the amount also set a date, so that you don’t forget it.

If you are having already tight budgets then don’t plan for a high debt amount. By this you may cancel the debt clearance resolution.

2. Track all your expenses

Do you know you can save lots of money just by tracking your day to day expenses. You need to track each & every expense that you Just try to track your monthly expenses for at least 2-3 months & you will know how you are wasting your money on very small but unnecessary purchase.

There are number of mobile apps available which helps you to track all your expenses efficiently. By tracking your expenses, you can know how to manage all your expenses & minimize the wastage.

Refer: Quick & Simple Ways to Track Your Expenses

3. Welcome money from different sides

Many of us either sticks to one job or one business and don’t try hard to earn income from other sources. Even though if you are doing a full time job and earning a decent amount you can earn more by trying for some different source of income.

You can earn through your hobby or you can work online 1-2 hours daily or weekly or can work as a consultant in weekends. There are number of ways to earn extra income.

But don’t spend all of your time towards making money. You spend some of your quality time with your family too.

Refer: Different Ways for Different People to Make Money

4. Strictly No

Many a times people just purchase luxury items like mobiles, new trendy clothes for prestige even if they don’t need the luxury version of the item. Some people have their daily breakfast or lunch outside. Start saying ‘No’ to all these things.

If every Sunday you are outing with your friends, then in New Year say No to them. Tell them you are in debt or have set a budget or saving for a new home, car etc. By saying ‘No’ you will save a lot on the unnecessary things.

5. Convert Bonus, Increment into Savings

Whenever we get an Annual Bonus or Festive Bonus or Increment, we just first plan how to spend and what to purchase from the extra amount.

But in this New Year whenever you get the extra money convert the amount into the savings. By doing this you can achieve your Savings Goal for 2019.

6. Automatic Deposit

Every month you can fix an amount and a date with bank to just transfer the amount to your savings account. Automatically every month fixed deposit will be created and even it will be an easy task as no paper work needed.

Also you will plan your monthly budget as per the pending amount available.

7. Become Financial Literate

Now a days the investment information is easily available on internet or in business newspaper or in books. You can follow them and can learn about stocks and bonds, how to save, how to invest and where to invest.

By becoming more financial literate you will be investing safely and in proper direction. In your area there might be some workshops or classes conducting education on finance which you can join & learn a lot.

8. Less use of Credit Card

Find out from your earlier month credit card statement how much you have spent last month and mark what the unnecessary items were. Many a times people purchase through credit cards and spend more. Stop using Credit Card and pay through cash.

As while making payment through cash you will pay only the amount you have and not beyond that. This way you will be saving money. If you are too addicted to credit card then while going for shopping just leave your credit card at home.

9. Digital Tools

Many a times we don’t understand where our money is going and unable to track the money spent. There are many digital tools online which help you to keep track on your finances.

They showcase your spending as per the chart, graph wise etc. This New Year download the digital tools apps to help you in setting your financial goals.

10. Emergency Funds

Set an amount every month as an Emergency fund, as you never know which emergency will arise in future. You may face a car accident or some health crisis may happen at this time you can use this emergency fund.

Keep in mind if you are removing amount from emergency fund, other than emergency then just set aside the same amount whenever the money is available.

Extra Tip – Set Goals

In 2019, note down what are your goals and what will you do to achieve the goals? If your goal is to purchase a New Car in New Year then every month set aside a specific amount. By setting goals at least you will be saving money.

Also at year end you can check how much money you have set aside and can know about your financial goal status. Even you should share or discuss about your new year goals with your family so that they may also remind you every other time.

Let us start this New Year 2019 by being realistic to this money resolutions and achieving our goals.

32 COMMENTS

  1. Dear Sir,

    Wish u very happy new year. Will u pl. tell me about online jobs from work from Google and Amazon.

    Regards,

    Avinash

  2. The New Year Resolutions specified are within the control of oneself and if followed with with due care, one can achieve their financial freedom and save for the future. Thank you for your good advise.

  3. Priya madam,
    It is better to have a balance sheet to know our present financial position first and then based on that we should decide what action to take for a better future. The balance sheet if prepared properly will show very clearly that how much debt we have and money to come is pending outside. Based on this we can calculate our spending capacity for that month and adjust our expenses. Must be very careful in handling/using Credit card as you may end up in paying interest for the interest you have not paid before you pay your loan amount. Outstanding money and FDs’ are kept as emergency funds. For setting goals.additional income and profits are take into account. Once again thank you for your wonderful work and manner of presentation.
    With Regards
    Roberts

  4. hi priya
    i know you about 10 year ago i do not know what r u doing and how u earn money by site but i know one thing you think about us you aware us and give paath in cyber world ………. you are great ….. bhalaai ki supply jaari rakho …….

  5. Dear Priya,
    Wish u a very happy & prosperous NEW YEAR. Many thanks for ur advices & informations which will helps me as well as others also.

  6. Priya mam,please help me to know real data entry job,revenue workers and data posting jobs are legit or scam.Because here i have a doubt why they are asking for fee!Hope you will lead me with best ans.Thank you

  7. y home based job m payment ki kya guarantee hoti h ???????????????
    bs isi ka ans mile to jyada achha rhega!!!!!!!!!!!!!!

  8. hi priya… i wish you happy new year to you and your family..
    the steps you have given for ” Important money resolution” is very nice…

    i want to earn money from home (truley possible ) can you suggest me please?

  9. मैडम, मैं लगातार आपके मेल देखता हूं, अंग्रेजी का ज्ञान बहुत ज्यादा नहीं होने से अधिक संमझ नहीं पाता। अंग्रेजी काम चलाऊ आती है। क्या अाप मुझे ऑनलाइन इनकम के बारे में हिंदी में जानकारी दे सकती है। जो भी हो मुझे जवाब जरूर दीजिएगा। धन्यवाद।

    • Hi Balveersingh,

      You can use Google translates to translate the website in Hindi.

  10. suggest me a genuine website which can alloted work with out investment/registration fee. i want to do a part time job of offline form filling.

  11. A very happy new years to both of you Priya & Pritam. Thanks for providing so good tips about money. I will try to follow & set the resolutions in 2015.

  12. Hello Priya,

    Thank you very much.

    WE WISH YOU N UR FAMILY A VERY HAPPY N PROSPEROUS NEW YEAR !!

    Shivraj K Ingawale

  13. dear ,Priya madam pls kindly help me .I need an online jobs for my studies .and for my all things .I struggled and struggling in my life .I do any kind of hardwork .pls help madam

    • Its simple Aditya,
      If you have money & want to invest to make more money then you need to know which investment can earn you the better returns. If you have read papers like Economic Times or watch channels like CNBC than you will get the idea of investment opportunities in market & can decide where you can invest for better returns.

    • Thanks Priya For The Quicker Response And Thanks For Clearing My doubt In A short way,
      Keep Updating stuffs like this

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