It’s that time of year again when we reflect on New Year’s resolutions. Here are some financial resolutions to start the year.
As the new year begins, it’s an ideal time for a personal financial checkup.

- Review your bank account balance.
- Track your inflows and outflows to determine if you’re more of a saver or spender and identify ways to adjust or optimize your habits.
- Build an emergency reserve of at least six months of non-discretionary expenses.
- Make contributions to your employer-sponsored retirement plan, at least enough to receive the employer match if offered.
- Address high-interest debt. Take stock of all debt, particularly credit cards, and aim to responsibly pay down the accounts with the highest interest rates—or explore 0% transfer balance options.
- Create a strategy to pay off student loans as quickly as possible.
- Budget for major expenses or home renovations. Have a realistic understanding of the actual costs to avoid letting them remain pipe dreams.
- Review and update your beneficiary designations for both primary and contingent beneficiaries.
- Complete your estate planning documents, including your Will, Power of Attorney, Health Care Directives, and Living Will.
- Prioritize your health—it’s your most valuable asset in achieving financial well-being.
- Seek guidance from a financial advisor to navigate the increasing complexity of investments and better manage your assets.
- Be proactive rather than reactive in your financial decision-making.
Finally, tune in to Your Financial Choices on Wednesday nights at 6 PM on wdiy.org, 88.1FM, or various streaming platforms for more financial insights. By committing to these financial resolutions, you’ll take control of your financial well-being and step into the new year with confidence. #TeamVNFA wishes you a prosperous and rewarding year ahead!