6. Plan for retirement

Forgetting to plan ahead and prepare for your retirement can be easy, especially when times are tight. But the earlier you start; the better off you will be in the future. So don’t put off starting your pension any longer. Even if you have already started contributing, try to increase those contributions this year.

Of course, if you would prefer not to use a pension and are planning to rely on your ISAs or property instead, it’s still important not to leave it too late.

7. Cut back on stuff that you want to cut back on

We all have areas where we know we should cut back on. Like having morning breakfast from outside where you can prepare it at home and have it or getting your nails done at the parlor rather than just doing them yourself. Make this the year that you finally cut back on all those things that you’ve been meaning to for years.

It can take a while for you to kick bad financial habits, but then you won’t even miss them. But you will appreciate what it does for your back balance.