New Years Money Resolution for 2019

picture of multi-colored sticky notes with the word "Resolutions" spelled out above them.

It’s almost March but there is no time like the present to discuss New Years resolutions. I’m not a huge fan of making these, but I do feel like the turn of the calendar year is a good time to look back and reflect on the previous year. What did you do well, what needs improvement, have any of your goals changed? These are just some of questions I like to reflect on as I head into a new year.

In this article I’d like to discuss my money New Years resolutions for 2019, or “money goals” as I prefer to call them.

Full HSA Contribution

In 2018, we got within a few hundred dollars of maxing out my HSA contributions. The IRS’s flip flop of the maximum contribution along with a matching deadline I was unaware of, contributed to the shortage. In 2019, I’d like to contribute the maximum allowed. If I get the full match amount this year I should hit the mark.

Increase 401K Contribution By 1%

With a newish position at work, another son, a new Roth option, and some other life changes, I adjusted my percentage a few times during 2018. I’d like to get to the point where I’m maxing out my 401K contributions, but I’m not quite there yet. To get there, I plan to increase my contributions by 1% per year. This plan begins in 2019.

Look For Additional Automation Of Finances

One of my strong beliefs is that you are much more likely to reach your financial goals if you automate things. Automatic paycheck deductions, scheduled account transfers, and automatic bill-pay are the primary ways my family automates our finances. In 2019 I’ll be looking closer at additional ways to automate our finances. Two possibilities are increasing the number of bills that are done via auto payment and a few scheduled transfers back into our primary checking account. We move money to external money market accounts for bi-annual bills like car insurance. I don’t yet automatically move that money back into our checking account at the appropriate time. The transfer back into our checking account is currently done manually, but I should be able to schedule it.

Continue Saving For Long Term Goals

My wife and I would like to purchase a travel trailer to explore different places with our sons. This is a long term goal that we put money aside for each year depending on our bonuses. We have also been saving money for a few backyard projects. Saving for these two goals and whatever else may come up will continue.


These money goals are mostly a continuation of goals from pervious years. But it’s a good thought exercise to go though to be sure your goals haven’t changed. If you have a significant other, sit down with him/her and make sure you’re on the same page. Having a significant other with the same long term financial goals is a critical piece of a successful relationship.

What money goals do you have for 2019?

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