We all know how important it is to try and make good decisions with our money. And, the new year can feel like a good time to start afresh and set goals for your finances.

But we also know how tricky it can be to make resolutions and actually stick to them. What starts as good intentions, like taking lunch into work rather than buying it out or regularly adding money to our saving pots, ends in buying sandwiches in Pret and dipping into the money put aside for emergencies to fund a holiday somewhere warm.

We’ve all been there and, of course, we’re allowed to treat ourselves from time to time if we have the cash to do so. But, practising healthy habits with money is a great way to ensure that you remain financially stable.

If you’re looking to set yourself some clear financial goals for 2025, now is a great time to start. Here are three tips from financial educator and money expert at Nationwide, Bola Sol, on creating new year’s resolutions for your money.

For too long, many of us have found money a taboo subject to talk about. In fact, one study found that over four in 10 people in the UK don’t feel comfortable talking about money with family and friends.

2025 is the year that all changes, according to Sol. “Letting people know where you are with your money (without divulging too much) is absolutely crucial,” she says. “This trend helps create much needed boundaries by openly addressing the social pressures to spend.”

“In a world where everyone is dealing with different financial pressures and priorities — especially during the ongoing cost-of-living crisis — this transparency makes it easier to say ‘no’ without guilt,” Sol adds. “It shifts the narrative, making mindful spending a sign of financial self-respect rather than something taboo. Being vocal about your financial boundaries can empower others to do the same, reinforcing that it’s okay to prioritise what truly matters to you.”

You’ve probably heard of the 50:30:20 rule. If you haven’t started using it yet, 2025 is the year to give it a go. Sol says: “If your financial situation allows, one way to structure your spending is with the 50:30:20 budget rule: 50% for needs (rent/mortgage, utilities, food), 30% for wants (dining out, entertainment, socialising) and 20% for savings, investments or debt repayment.”

By using this method, you’ll be paying for the things you need to spend on, while also allowing yourself some space for treats and fun. “This framework helps ensure your essentials are covered while allowing room for enjoyment and financial growth,” explains Sol. “Whether you’re stuffing physical envelopes or assigning virtual categories, having a clear plan for your monthly pay packet ensures you stay on track without feeling restricted.”

‘No spend November’ has become a viral challenge over the past few years thanks to social media. To take part, you avoid spending on non-essentials for a whole month to prevent unnecessary spending and build up savings.

Sol encourages trying this for one month in 2025, as it allows you to reflect on your spending habits. “You can take a look at what worked, adjust your spending habits and create a more sustainable long-term plan without the pressure of a year-long restriction,” she says. “Challenges like No Spend November help break things down into manageable, achievable goals. By doing this, you give yourself room to reset, reflect, and stay motivated, making progress without feeling like you’re depriving yourself.”

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