7 Financial New Year Resolutions Ideas for 2025
17th February 2025
If you want to make better decisions about your money in 2025, you don’t have to go big. Small changes can make a big difference over time.
Here are seven New Year resolution ideas to help you feel more in control of your money this year.
1. Know what’s coming in and going out
Before making changes, it helps to understand where your money’s going. Write down your income and what you spend. You can use a notebook, a phone app, or even a simple spreadsheet.
Try money management tools for easy tracking. These tools connect to your bank accounts and give you a clear view of your spending, breaking it down into categories like groceries, bills, and entertainment.
2. Start a small emergency fund
Sometimes, things don’t go to plan—like when your washing machine suddenly stops working. Setting aside money for unexpected costs can be helpful.
Start small, like putting away £10 or £20 when you can. Over time, it adds up. For savings tips, here’s a guide to building an emergency fund, even on a tight budget.
3. Look out for deals and discounts
Supermarkets often mark down fresh food in the evenings, so shopping later in the day can save you a bit.
For family days out or treats, websites like MoneySavingExpert or Kids Pass offer discounts on places like the London Eye or local cinemas.
4. Have a no-spend day every week
Pick one day a week where you don’t spend any money. It’s like giving your wallet some rest.
Use the day to enjoy free activities—go for a walk-in a nearby park, explore local museums (many are free, like the Natural History Museum in London), or enjoy a home movie night with popcorn. Days Out Guide may have fun ideas for activities in your area.
5. Stick to a shopping list
Going to the shops without a list can lead to spending more than you planned. Write down what you need before heading out and stick to it.
Retailers like Tesco offer digital shopping lists, so you can plan your groceries before checkout. Platforms like Honey automatically find and apply discount codes when you shop online.
6. Learn to say “no” (nicely)
It’s okay to say no sometimes, whether to a night out, a new gadget, or something else. Saying no doesn’t mean missing out—it just means making choices that matter to you.
If social plans are adding up, suggest free options. Inspiration can be found on blogs like Skint Dad.
7. Save for something fun
Money isn’t just for bills and essentials—it’s for enjoying life too. Pick something you want, like a weekend trip to Edinburgh or a treat for yourself, and make it your goal.
Handy resources to make life easier
Sometimes, a little support can go a long way. Here are some helpful tools, apps, and services:
- StepChange: Get free and confidential advice on managing debt and improving your financial situation.
- BorrowMyDoggy: This platform connects you with local dog owners, so you can enjoy walks and cuddles without adopting one.
- EntitledTo: A calculator that helps you discover what government support you might qualify for.
- Energy Saving Trust: Compare energy providers and find out how to reduce your bills. ·
- GoodGym: Combine fitness with community by joining runs that include helping local charities or individuals.
A fresh start for 2025
You don’t have to change everything overnight. Pick one or two New Year resolution ideas from this list and give them a go. Small steps are still steps, and they all add up over time.
Remember, many people are making changes this year. You’re not alone, and there’s no rush. Take it at your own pace. Here’s to a great 2025—you’ve got this!