Money resolutions are popular. People wish to live a better life and think of new ways to improve their financial situation.

Here are the things you can try in New Year:

Creating emergency funds
This tip has nothing to do with your savings. Emergency funds are a different thing. They can be accessed only when the situation is really serious and you need money to deal with the problem. Another difference is that you won’t feel like stealing from your savings. As a rule, most of us are tempted to take some amount of money from savings to buy something. Of course you need to make your savings less accessible, otherwise you will never manage to have more money than before.

Spending on the things that help you move forward
You will not progress in life unless you learn to use your current budget. Have a list of things you really cannot move forward without. Do not cheat and quit wasting money on something that you can very well do without. Compare your expenditure in previous year and think of the ways to change the pattern for the better. You’ll have to commit to see results.