The start of a new year offers us a chance to reflect on the past and make positive changes for the future. For many, this means setting New Year's resolutions centered around health, relationships, or personal growth. However, one area that often gets overlooked is personal finances. If you want to improve your financial situation in the coming year, here are some tips to help you get started.

1. Create a budget that works for you.

The first step to managing your money is to create a budget that suits your lifestyle and income. Start by tracking your expenses for a few weeks to understand where your money is going. Then, create a budget that outlines your income, expenses, and savings goals. Be realistic about what you can afford to spend and save each month, and remember to include occasional expenses like birthdays or holidays.

2. Cut back on unnecessary expenses.

Once you have a budget, look for ways to reduce your expenses. This might mean skipping your morning latte or eating out less often. Consider switching to a cheaper cell phone plan or canceling subscriptions you don't use. Every little bit helps, and cutting back on unnecessary expenses can add to big savings over time.

3. Prioritize your savings goals.

Whether you're saving for a down payment on a house or a dream vacation, it's important to prioritize saving. Decide on your long- and short-term savings goals and work towards them each month. Consider setting up automatic transfers from your checking account to your savings account to make it easier to save regularly.

4. Use technology to your advantage.

Many apps and tools are available to help you manage your money and reach your savings goals. Consider using a budgeting app to track your expenses and stay on budget. You could also enroll in a change rounding program with your credit union or bank that will round your debit transactions up to the nearest dollar and transfer the difference to a chosen savings account to help you save money automatically.

5. Get support from others.

Managing your money can be challenging, especially when making big changes. Consider joining a support group or finding an accountability partner to help you stay on track. You could also work with a financial advisor or coach to get expert advice on managing your money.

Setting financial goals and creating a budget are important steps toward achieving financial stability. Taking control of your finances this year can reduce stress, help you achieve your goals, and help you live a more fulfilling life.