Since January isn't quite over yet, and we are all still on the subject of "new," since it's a new year, new semester (or term), new quarter (for those in the working world), it is an excellent time to make changes, pick up healthy habits and overall get yourself on track for a successful year.

Getting on track not only relates to physical resolutions but also financial ones. I am determined with this new beginning, to teach myself how to gain (or regain) some financial independence.

Here are some tips to help you (and me) get on track and work towards financial independence:

• Track your income and spending. This will help answer the big question: Are you spending more money than you are earning? Knowing where your money goes can help you figure out where to "trim the fat." Don't fret; you will not have to do this manually. There are tools like My Money Map that help track spending, goals and budgets you set for yourself.
• Create a budget. Budgets may seem overwhelming to create but are helpful if you have a specific goal in mind, like making your money stretch through the semester or saving for something fun. Plus, setting and sticking to a budget can help get you out of debt, or make sure you stay debt free. Here's a handy budget setting tool (PDF*) if you need one.
• Educate yourself. Not sure what you should be saving or even investing versus what you're spending? There are plenty of financial education tools and resources available. Hands on Banking offers tips on money management, credit and lots of other things, too.
• Set up a savings plan. Even a few bucks a month can add up at the end of the year. Consider saving automatically. Whether you choose a direct deposit or automatic transfer, just set it up and go!
• Know the score, your credit score. Having a good credit history could give you an edge over others when applying for that rent-controlled apartment you've been trying to get. Credit history is an important factor when lenders and other decision makers, like landlords, decide whether or not to accept your application. Each year, you can request a free copy of your credit report from annualcreditreport.com.

While the beginning of a new year is a good time to start fresh, it is never too early or too late to teach yourself something new. You can start any time of the year.

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