WITH the New Year's celebrations over, your hangover should be little more than a bad memory. All that remains is to make those New Year resolutions. Here are some suggestions. Resolution 1 If you always find paying your tax bill a problem, do something about it. The only solution that you have in the short-term is to borrow money from a bank, but the real interest rate you will pay is considerably higher than the appealing interest rates promoted on the sales literature. The simplest solution for next year is to save every time you get paid. Set aside 15 per cent into either a deposit account or, even better, one of the money market accounts from one of the major unit trust fund managers, which pay considerably higher interest rates than banks. The problem with them is that they have a minimum opening deposit of $50,000. Another solution is to establish an autopay into Fidelity's High Income Plus Fund. The yield on this fund is currently over five per cent. There is an element of risk involved, but the risk is minimal because the fund manager only buys short-dated bonds. Resolution 2 Plan for retirement. Wherever you live, it is unlikely any state-related pension, or pension payout, will be sufficient for you to continue to enjoy the lifestyle you have become accustomed to. Take the example of an expatriate in his mid-40s working for the Hong Kong Government. Prospects for post-1997 employment look fairly bleak. Semi-retirement might be the only option and it is in the years of fat that you must try to save for the years oflean. Many people fail to plan and thereby plan to fail. Are you making the most of your savings potential? Do you have any pre-determined financial commitments some years in the future? School fees, university fees or, indeed, retirement expenses? Planning for school fees is a specialist area, but don't forget your starting point should be to consider where you are going to be living when the fees fall due. If it is not in Hong Kong but in a high tax environment (Australia, the US) then it makes sense to plan. Resolution 4 Find yourself a good financial adviser. The Securities and Futures Commission has a list of all registered financial advisers. When you do go and see one, ask for referrals of clients the firm has dealt with. Resolution 5 It is worth getting a second opinion before any long-term financial venture. Admittedly, this may lead to some confusion because the second adviser will no doubt persuade you to follow his advice and not the first person's. However, at least you will be able to discover the negatives associated with the first company's advice. After all, there is always more than one solution to a problem. Resolution 6 Do not be greedy. Work out with your adviser what affect an unexpected interest rate rise in the US dollar would have on your portfolio of unit trusts and shares. If you have made handsome returns in 1993, take some of the profits and reinvestthem elsewhere.