Many people postpone changes until the beginning of a new year. So, it’s time to get new financial habits that will definitely come in handy in the new year 2021. 1. Start keeping track of income and expenses In order not to waste all your money on Christmas tinsel or ginger latte, start controlling your expenses and income. This can be done using financial planning services, a simple spreadsheet in Excel, or in a notebook. Accounting for expenses and income will help you understand what you spend your money on, what expenses could be avoided, and how much you could save for a major purchase.