NEW YEAR, OLD FINANCIAL WOES

What type of person are you when the clock strikes 12 on Jan. 1? Are you the one who journals, reflects, maybe even makes a vision board for what you want the year to look like? Or does the whole “resolution” thing make you want to gag and roll your eyes? 

Honestly, there’s cause for that. Every January the gym is unbearable, parking is impossible and getting into your regular class feels like the Hunger Games. Still, humans have always celebrated new beginnings.  

I’ve swung between both extremes—ending the year feeling terrible and promising myself a dramatic turnaround or avoiding the whole thing entirely. Yet, every year, regardless of my mood, a reflective state sets in. You scroll back through the year, hoping to feel grateful for your wins while quietly noting what could have gone better. 

For many people, finances loom large in that reflection and money can feel like one of those areas that never quite clicks.  

It helps to set SMART goals— that is, simple, measurable, attainable, realistic and timely.  

But part of the exercise is also emotional and psychological. You’re creating space to slowly become a future version of yourself. Change takes time; in hindsight, the struggle, fear, and back-and-forth get glossed over. 

So, instead of piling on ambitious resolutions that set us up for disappointment, below are a few simple, realistic things you could do in 2026 to feel better about your money while still moving toward long-term goals. 

Leave the fuzzy zone 

Maybe your finances live in a vague, uncomfortable place. You know something feels off, but you can’t quite explain why. It’s just a low-grade anxiety that flares up whenever money enters your thoughts.  

That fuzzy feeling often hides goals/habits that don’t align with us. Before you overhaul your budget, slash spending, or make big plans, it’s critical to understand what you’re working toward and how money fits into that vision. 

Before I started therapy, I noticed that whenever a scary or uncomfortable thought surfaced, my brain would immediately short-circuit, I’d distract myself or push it away. One day, I tried something different. I kept asking myself “why?” until I hit a logical dead end.  

Once I let myself think through the worst-case scenarios, they were usually either manageable or hilariously improbable.  

To start, do a “brain dump” of every financial worry to turn that blurry anxiety into a tangible list. For the heaviest thoughts, keep asking, “Why does this bother me?,” until you hit the root fear. Getting it on paper mutes the noise of anxiety, giving you the mental space to tackle the problems. 

Low-hanging fruit first 

A lot of personal finance should be on autopilot once you have an overriding principle. Set up automatic savings or investment withdrawals. Use autopay for bills and with credit cards so you don’t miss payments or rack up interest. Once systems are in place, they set you up for success and remove day-to-day willpower decisions. 

Pay down high-interest debt 

High-interest debt generally means anything charging above eight per cent interest. That number matters because it is roughly what you might expect from long-term stock market investing. If your debt costs more than that, getting ahead becomes nearly impossible. Tax refunds or bonuses are a great opportunity to make real progress here. 

Create room to breathe 

Have you ever started a long drive only to realize your gas tank is nearly empty? Once that warning light comes on, the entire trip becomes about finding a gas station. There’s no space to enjoy the scenery or your favourite podcast. 

Emergency savings work the same way. You can plan better, think clearer and maybe even take an unexpected detour without feeling off-kilter. When expenses are high and there’s nothing left over, being told to save can feel like a slap in the face. If that’s where you are, start where you can, even if it’s just $5 a paycheck. It might seem small but building that habit is a way of reclaiming a little bit of control. It’s about creating the psychological momentum we all need to reach stability.  

Remember: change is hard and possible. Restarting after failure is part of the process. Perfection isn’t required. Things feel small, until they aren’t.