The new year is a great time to make a fresh start and commit to improving your finances. According to Fidelity Investments, 67% of people consider a financial plan or savings goal in their list of New Year’s resolutions. While it is likely that many of these resolutions will be broken by January, some simple planning and behavior changes may help you achieve your goals.

1. Reassess your asset allocation.

Your portfolio’s New year investment readiness mix should be based on your long-term financial goals, risk tolerance and time horizon. A properly diversified portfolio will include enough stocks and bonds to match your risk appetite and provide you with adequate growth potential, but also sufficient cash and liquid investments to address any unanticipated short-term needs. If your portfolio has strayed from your desired asset allocation, it might be time to rebalance.

2. Limit your fees.

Fees can erode your wealth-building efforts by shrinking your investment earnings. This includes not only transaction fees incurred when you buy and sell mutual funds, but also ongoing annual management and operating costs. It is worth the effort to seek out the lowest cost options available.

3. Optimize contributions to tax-advantaged accounts.

If you are not taking full advantage of your employer’s 401(k) matching program, you are missing out on free money that could boost the power of your investments. Similarly, failing to take advantage of tax-deferred retirement plans like IRAs and 529 college saving accounts can be costly.