As we enter the new year, the idea of a fresh start encourages us to set goals and resolutions, often focused on achieving financial goals. Whether it’s building an emergency fund, paying off debts, or improving overall financial well-being, achieving these goals in 2024 calls for a practical approach. Managing your finances can be challenging, especially in the new year. This guide is here to help you navigate your finances this year within the private rented sector. 


Reflect on 2023: Begin your journey by looking back on the past year. What worked well? What challenges did you face? Understanding your financial strengths and weaknesses provides a solid base for setting realistic and achievable goals in 2024. 

Define Clear and Measurable Goals: Basic goals are often the first roadblock to success. Instead of aiming to “save more” or “spend less,” be specific. For example, set a goal to save a specific amount each month or reduce unnecessary spending by a certain amount. Clear, measurable goals will keep you motivated. 

Create a Budget: Outline your monthly income, and all your spending. Identify areas where you can reduce costs to put more money towards your financial goals. There are many budgeting apps that can make this easy for you, giving you instant information about how you handle your money. 

Build an Emergency Fund: Save money for unexpected times. This may seem challenging but start small. Try to put some money aside regularly, even if it’s a small amount, to build a safety net for your finances. 

Get Smart About Money: Learning about money is important. Spend some time learning about things like saving money, retirement planning, and smart ways to handle taxes. Go to workshops, read books, or check out websites to get the information you need to make good choices. 

Use Technology: Make your money journey easier with tech tools. Set up your savings to happen automatically, get reminders for bills, and use money apps to see how you’re doing. Technology can help you a lot in sticking to your money goals. 

Check and Change Often: Your money situation and what’s important to you might change during the year. Take time to see how you’re doing and change your goals if you need to. Being able to go with the flow will make sure your money goals are real and doable. 

Seek Help and Advice When Needed: Remember that you are not alone. There is much help and advice available if you are worried about or struggling with your finances. Here at Citizens Advice Cardiff & Vale, we provide free, confidential, and impartial information and advice to residents throughout the whole of Wales and are here to support you with any questions or challenges you may encounter.  


Taking these steps at the start of the new year can make a huge difference in achieving a secure and secure financial situation in 2024. Remember, it’s not about perfection but progress. Managing your finances can be challenging, but with the support of Citizens Advice Cardiff & Vale, you don’t have to manage these difficulties alone. For jargon-free help and advice, please Contact Us here. 

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