Lifestyle

New Year 2018: 3 New Year’s Resolutions That Focus On Your Money Mentality

(This blog post was originally scheduled to be uploaded on the first few days of 2018, but I just can’t seem to bring myself to finish it on time, so please bear with me!)

Happy New Year, my friends!

First of all, I have to apologize for being MIA for the past few weeks. December has always been a hectic but an enjoyable month for me. The holidays made it more challenging for me to stay still and write. Everyone was on the go, celebrating and having fun – how could I not? So, I decided to take a short break and really immerse myself in all these good vibes – spending quality time with loved ones is always my top priority. How was your December?

Now that we are in a brand-new year (heck, time flies!), it’s time for an obligatory post on New Year’s Resolutions – you probably see it coming.

Related: 5 Fun & Creative Money Saving Challenges to Try in 2018

Some people are reluctant to make New Year’s Resolutions because most goals are not sustainable or are redundant in some ways, which I agree partly and I have nothing against it. Regardless of whether or not I achieve any of the resolutions I made in the past, I simply cannot deny the fact that I always have a thing for them and I will continue making them every year as long as I possibly could. Besides, studies have found that people who make resolutions are 10x more likely to attain their goals than those who don’t.

So, why not make yourself a list while you’re still all fired up and roaring to go?



I have read a handful of articles and posts about New Year’s Money Resolutions and I love them. But, in this post, instead of telling you to stick to a budget, pay off your debt, or save more and stop impulse buying, I am going to share 3 of what-I-called the “mentality resolutions” that you can make to improve your financial well-being in 2018.

#1. Be thankful for your money

Promise yourself 2018 will be the year you practice and show your gratitude for your money. Many of us fall into the trap of tricking our mind into thinking we are poor. It’s not unusual to hear people complaining about how poor they are all the time.

“I only have RM100 left in my wallet.”
“I’m broke lah.”
Takde duit, bro.”
“Where got money? All went into XYZ already.”

Are you one of these people?

When you have the scarcity mindset, the Universe receives your message and sends you more scarcity. I know this sound a bit of a woo-woo but the world is a reflection of you as they say.



I have a friend who always makes his boyfriend say the opposite out loud, i.e. “I’m super rich!” every time she caught him complaining about having no money – it never fails to crack us up.

So instead of instilling scarcity into your mindset, try to be thankful for what you have and will be having. When you feel abundant with your money, believe it or not, you will end up having more as your thoughts lead to actions. Say thank you to the money that you have received on your payday. Show gratitude for the money that allows you to buy your favorite meals. Be grateful for the money that is sitting in your bank account even if it’s just RM1.

#2. Practice mindful spending

How many regretful purchases have you made in 2017? How many times did you find yourself in squirmy-guilt after going on a shopping spree in the past years?

I’m definitely one to admit my mistake when it comes to spending emotionally. If I had a rough day at work, I head on over to convenience store and picked up some desserts – there’s something about desserts that stimulate feelings of pleasure. But as you might have guessed, stress at work can be endless, so the spending quickly added up. Not to mention my health is at stake.

If you feel like your spending is out of control, now is the time to make it right. Mindfully spending your money will help you reduce unnecessary purchases that you might repent of later on.



The next time you plan to spend your money on something, pause and ask yourself:

a) Why do I want to purchase this thing?
b) Is this purchase a need, a want or a luxury?
c) How will this purchase affect me or my life?
d) Can I find a similar item at home?
e) How can this purchase contribute to my long-term happiness/goal(s)?

Practicing mindful spending is crucial to our financial well-being. It not only helps us to understand our spending habits but to also bring us closer to our financial goals.

Related: The 1 Simple Step to Help Me Stop Buying Craps

#3. Stay hungry for education

The key to success is dedication to life-long learning.” –Stephen Covey

If there is one subject that should be but was not taught in school, it will be financial education. I’m strong advocate of financial education and always will be.

2017 has been a fruitful year for me in terms of soaking up new financial knowledge to a great extent – I learned about overseas stock investment, cryptocurrencies, and gained insight after being a first-time homebuyer. But that doesn’t mean I will stop from there, I knew for a fact that there is still so much more waiting for me to learn and I will never stop educating myself.



I hope this year you resolve to take control of your financial life and never stop learning. Read a lot of personal finance books and blogs, take up courses, attend talks and seminars, ask questions… Whatever that works for you, go for it! Come back here and let me know what have you learned by the end of 2018, okay? Okay, deal!

Related: 6 Things Every Millennial Woman Should Know About Money

So, 3 New Year’s Resolutions that focus on your mentality: Be thankful for your money, spend mindfully, and keep on learning.

I hope your new year is off to a great start! If you decided to take any – or all – of these 3 New Year’s Resolutions, let me know and I will be happy to hear about it. If you have already made your own list, do share with me as well. Nothing makes me more motivated than reading everyone’s New Year’s Resolutions.

Thank you for dropping by. Once again, Happy New Year! 🙂

All Images from Pexels

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