Babylonians made promises to their gods at the start of each year that they would return borrowed objects and pay their debts.
This tradition has many other religious parallels. During Judaism’s New Year, Rosh Hashanah, through the High Holidays and culminating in Yom Kippur (the Day of Atonement), one is to reflect upon one’s wrongdoings over the year and both seek and offer forgiveness. People can act similarly during the Christian liturgical season of Lent, although the motive behind this holiday is more of sacrifice than of responsibility. In fact, the Methodist practice of New Year’s resolutions came, in part, from the Lenten sacrifices. The concept, regardless of creed, is to reflect upon self-improvement annually.