With the new year upon us, it is time to reflect on the past twelve months and set new resolutions for the upcoming year. Be it getting fitter, learning a new skill or getting smarter with finances, there is undoubtedly much each one of us wants to achieve this year. But did you know less than 50 percent Australians make it past the first few months in keeping their resolutions, with women more likely to fail, according to a survey conducted at the end of 2015?

Good Financial Resolutions for 2018

Top NY Resolutions

According to a poll by, 53 percent respondents resolved to save more money this year. Last year, 30 percent Australians prioritised repayment of debt as their top NY resolution while 24 percent decided to review their financial accounts. Let’s have a look at some popular NY resolutions for 2018:

Make brain health a priority – According to Dementia Australia, about 413,000 people have dementia in Australia. This number will cross 1.1 million by 2056. Fortunately, research says that one in three cases of dementia can be prevented by adopting a healthier lifestyle. By resolving to be physically active, mentally engaged and socially productive this year, you can improve your brain health, reducing the risk of dementia in future. Read more here.

Get more sleep – A recent article on quoted research that revealed over 40 percent Australians slept too little to feel rested, affecting their productivity adversely. According to last year’s national sleep survey, 8 percent of Australians suffer from sleep apnoea, 18 percent have restless leg syndrome and 20% have insomnia. The article rightly pointed out that getting more sleep should be a top priority for Australians, helping them feel healthier and perform better.

Quit smoking – Did you know that not smoking for a week improves your breathing and makes you feel energised? Smoking is an expensive habit that costs you not only money but also your health. With research establishing the link between lung cancer and cigarette smoking, the start of the new year is the right time to kick the habit.

By stubbing cigarettes out of your life forever, not only would you regain your health and reduce your chances of lung cancer but also save hundreds of dollars each month. On average, one-pack-a-day smokers spend $147 a week on the habit, according to the cancer institute of NSW. Visit the quitnow website for help to get smoke free.

Make a positive difference – While every year we resolve to make our lives better by improving ourselves, this year, choose to make a difference in someone else’s life by volunteering at your favourite charity or reducing your carbon footprint by adopting a sustainable, eco-friendly lifestyle. Learn about Green Home Loans to construct an eco-friendly home here.

Achieve your financial goals – Every year, many of us set financial goals such as getting out of debt or saving for a home deposit but find ourselves wavering by the end of the first quarter of the year. This year, resolve to achieve your financial goals by devising a proper strategy:

  • Set a financial target – It sounds old-school to write down your resolutions, but it can help you achieve your target. By physically jotting down what you want to achieve, you create a clear roadmap of what to accomplish in the next 12 months, ensuring you stay focused.
  • Make a budget – Having set your financial target, the next step is to take stock of your expenses and create a budget that will help you achieve it. Start by listing the essential stuff such as rent, mortgage, food, transport, etc. Now decide how much you can allocate to your savings each month to determine how long it will take to reach your target. Our budgeting tool will help you plan your expenses efficiently.
  • Educate yourself – Anyone can grow rich by practising financial discipline and investing their money wisely. If you plan to buy a property this year, we recommend you read more, network with like-minded people and attend relevant seminars and events to learn more about investing in property to kick-start your journey on the right note. Here’s a guide for first-time investors you will find handy.
  • Save more money – It is possible to boost your savings by giving up on smoking or trading your daily coffee from Starbucks for a homemade brew (Read some powerful saving tips here). Besides, you could save thousands of dollars on your mortgage by opting for these essential features in your home loan. As the market gets flooded with low interest rate home loans, boost your savings further by comparing mortgage rates online or get in touch with a mortgage broker for tailored home loan solutions that best fit your financial requirements.

Have you made your new year resolutions yet?

If not, we suggest you keep your resolutions simple, specific and tangible, apart from sharing them on social media with family and friends to stay motivated throughout the year. Here’s wishing you a blissful year ahead.


By Vidhu Bajaj,
HashChing Content Writer



HashChing is helping Australians by providing access to the pre-negotiated home loan deals. Obligation free consultation with one of our partner brokers might save you time, hassle and money.

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