Did you make financial resolutions last New Year's Eve? Did they fall by the wayside, along with the gym membership and your pledge to cut back on coffee? You are not alone. But this year, you can make some progress on your financial goals.

Think back to the beginning of the year and the resolutions you made — or intended to make — and how much progress you made towards them. Chances are that they fall into one of these broad categories.

1. Budgeting

Did you plan to make a budget and fail to do so? This is a perfect time to start, as you are heading into the new year. You may be able to stop yourself from overspending if you realize how overextended you are.

If you have taken no other financial steps this year, start by setting a realistic budget. Most of the other financial improvements will follow.

2. Control spending

Even if you had a budget, were you able to stick to it? Start small by setting a spending budget for your shopping. Use it as a psychological advantage — you have less to spend so you need to shop harder for bargains, comparison shop, and research prices. Impulse buying and sale distractions will be less likely to drag you off-track, and your spending should be more focused as a result.

3. Increase savings

You had a savings goal — a down payment for a house, or an emergency fund — didn't you? If you did not have a tangible goal, that may be why your savings effort failed.

Set a smaller savings goal now, and use that small step as momentum to build a larger savings goal for the upcoming year. Make sure that you equate your savings with a tangible, specific goal — not just to say "I will build an emergency fund for this year," but "I will build an emergency fund of $X by date Y."

4. Reduce debt

Did you plan to pay ahead on your mortgage? Is your credit card debt increasing? Debt reduction is an important goal, especially in the case of high-interest debt such as credit cards or payday loans. It is easy to get into an unrecoverable spiral of debt if you have no plan to keep debt in check.

It is a longer-term goal, but one you need to start right away. Attack the debt with the highest interest rate first, and control your spending. That may be a tall task, which is all the more reason to start immediately.

5. Wills/insurance

If you have a family, it isn't all about you anymore. You planned to make a will and properly insure yourself to provide for your spouse and children, but it is such a depressing thought that you kept putting it off.

Do not delay any further. You have plenty of time to resolve this, and plenty of joyous occasions to perk you up after considering your demise.

This year, don't wait to get your financial house in order. Establish budgets along with specific goals and the dates to meet them. You can build habits that will help you get through the year, and gather momentum to keep good financial practices throughout the future.

That is at least as important as going to the gym and cutting back on coffee — and frankly, more likely to happen. Wouldn't you agree?

This article was provided by our partners at MoneyTips.