It’s a new me: 14 million Aussies have a New Year’s resolution for 2022

Posted: 4 January 2022 9:58 am
News
New year resolutions_GettyImages_1800x1000

Australians are keener than ever for a fresh start in 2022, according to new research by Finder.

A nationally representative survey of 1,013 respondents revealed 72% of Australians – equivalent to almost 14 million people – have set a New Year's resolution.

After a second year filled with lockdowns and restrictions, 2.1 million more people are not making a New Year's resolution compared to the same time last year.

The survey found almost 1 in 3 have pledged to improve their fitness and adopt healthier eating habits (30%), while a further 28% are motivated to lose weight.

Aside from resolutions, the research also shows the new year is shaping up to be the year Aussies get on top of their finances.

More than 3 in 4 (78%) Australians say they have set financial goals for 2022.

Saving more (51%) and spending less (32%) is top of mind for some, while investing more (24%) and buying cryptocurrency (8%) is the goal for others.

Kate Browne, personal finance expert at Finder, said millions of Aussies are hoping to hit the reset button.

"Whether it's losing weight or finding love, no one resolution is better than the other; however, all of us could benefit from sorting out our finances or making a budget.

"Sorting out your finances is one of the easiest New Year's resolutions to make and it doesn't require the willpower of hitting the gym regularly or eating better."

Browne recommends setting up a budget for long-term financial goals such as buying a house or paying off student debt.

"Money management apps like the Finder app are a great way to keep track of your income and expenses.

"Seeing your spending broken down by category can help you set a realistic budget and manage your bills."

The research reveals 7% of Australians – equivalent to around 1.3 million people – plan on taking more risks in 2022. The same number (7%) have romance on their mind and are hoping to find love.

Almost 1 in 10 (8%) will strive to have a better work-life balance, while more than 1 in 8 (13%) plan to sleep more. A further 5% want to start meditating.

Browne said work-from-home restrictions have blurred the lines between work and personal life.

"Many Australians are desperate to claw back their free time.

"If there's one thing the last year has taught many of us, it's setting aside time for self-care and priorities."

Dreams of buying a home are on the list for 12% of Aussies, while 10% will endeavour to pay off credit debt and 5% will aim to knock off student loans.

What are your New Year's resolutions for 2022?
Improve fitness30%
Eat healthier30%
Lose weight28%
Sleep more13%
Be more sustainable11%
Work less/have a better work-life balance8%
Travel overseas8%
Renovate my home7%
Find love7%
Take more risks7%
Change my job7%
Volunteer5%
Quit smoking5%
Start meditating5%
Move interstate/overseas2%
Quit vaping2%
Quit drinking2%
Quit gambling2%
Other (please specify)3%
I don't do New Year's resolutions28%
Source: Finder survey of 1,013 respondents, December 2021
Respondents could select up to 3 responses
What are your top financial goals for 2022?
Save more money51%
Spend less money32%
Invest more24%
Build up an emergency fund20%
Buy a home12%
Get a raise in salary11%
Pay off my credit card10%
Stop using buy now pay later (BNPL)(e.g. Afterpay)8%
Buy cryptocurrency8%
Pay off my student debt (e.g. HECS-HELP)5%
Other (please specify)3%
I don't have any financial goals for 202222%
Source: Finder survey of 1,013 respondents, December 2021
Respondents could select up to 3 responses

Need some help kickstarting your financial goals? Check out Finder's Budgeting 101 for an effective way to manage your money in 2022.

Get more from Finder

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site