There’s no question that 2020 was a year that left us all seeking a greater sense of security, from our health to our finances. Having a plan in place for your finances, along with strategies to stick to it, is always important, but perhaps now more than ever.

With that in mind, here are some ways to help kick 2021 off on the best possible start.

1. Celebrate your wins

 It's easy to focus on where we’re going wrong but take some time to appreciate what you’ve been doing right. Did you save more in 2020 or contribute more to your super? Maybe you found ways to have a credit smart holiday? Identifying what’s already working for you is the best place to find strengths that you can build on for future successes.

2. Look for where you could improve

Next, it’s time to identify what hasn’t been working well for you. Be honest with yourself and prepare to let go of something if it’s no longer serving you. Even the most financially smart people make mistakes, but it’s better to acknowledge it and cut your losses sooner than later.

What aspects of your financial situation are troubling you the most right now? Have you been struggling to pay your mortgage? Perhaps you need to save more on your utilities? Both of which could mean figuring out how to prioritise bills when money is tight. Identify the areas that are causing you the most grief and put these at the top of your priority list to tackle.

3. Dare to try something new

 Changing what’s not working for you may just mean making minor tweaks or could require a major overhaul. One of the biggest mistakes you can make is sticking with a strategy that’s not the best option for you simply because you’re afraid to change or lack the time and knowledge. If you need to improve your financial know-how, there are plenty of tools out there, from podcasts and websites to books. We have lots of articles packed with money-saving tips and ideas to help you get started.

4.Reward yourself when you meet your goals

It can be easy to start the year on a burst of enthusiasm and make ambitious goals but how do you stick to them? Attaching specific rewards to concrete goals is a great way to stay motivated. You could also partner up with a friend or family member to be each other’s ‘financial accountability’ partner. Simply checking in with someone once a month can make a world of difference.

5. Learn something new

Knowledge is power and improving your knowledge can really help you take charge of your financial well-being. A cornerstone is understanding your credit score. Learning more about what your credit score is and how it affects you can make a big difference to your financial prospects.


Get started understanding your credit score

Wherever you’re at right now, you can find new ways to get organised for the year ahead and get your credit score on track.

 Get your FREE Credit Score today to help you stay on top of your finances.

Disclaimer: The information contained in this article is general in nature and does not take into account your personal objectives, financial situation or needs. Therefore, you should consider whether the information is appropriate to your circumstance before acting on it, and where appropriate, seek professional advice from a finance professional such as an adviser.