25 Financial Tips for 2025
Posted on December 20, 2024 at 12:01 PM by Isabel Kinzie
As the new year approaches, it's a perfect time to assess where we stand and what we want to achieve. Many of us set goals at the start of the year, but how often do we stick to them? With 2025 on the horizon, it's essential to consider improving our financial health. Whether saving more, investing wisely, or simply spending smarter, making a few changes can lead to big results.
Let’s dive into some tips and potential goals to help you make the most of the upcoming year!
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Establish an emergency fund
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Avoid impulse spending
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Create (and follow) a budget
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Actively track your credit score
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Pay your bills on time (try autopay)
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Diversify your income
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Analyze the usage of all paid subscriptions
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Budget for activities that bring you joy
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Track your spending and expenses
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Become financially independent
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Make extra payments on your debt
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Set SMART goals:
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S: Specific (What do you want to do?)
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M: Measurable (How will you track your progress)
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A: Attainable (How will you do it?)
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R: Relevant (Is this relevant to your life right now?)
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T: Timely (When do you want to do it?)
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Review monthly statements
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Save for your "wants" as well as your "needs"
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Automate your savings
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Identify your spending triggers
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Start a side hustle
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Invest in yourself
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Declutter your home and sell the items no longer used
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Live below your means
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Make repaying debt a priority
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Apply the 50-30-20 budgeting rule to your income
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50% for your monthly needs
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30% for wants
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20% for savings
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Eliminate expensive spending habits
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Implement and track "no spend" days
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Expand your financial literacy, try Zogo!
As we embrace the new year, let us carry forward the spirit of optimism and determination. Here's to turning aspirations into reality, and may each day of 2025 bring you closer to financial freedom.
Cheers to a wonderful year ahead!
Isabel Kinzie
Marketing Specialist
Categories: Saving and Budgeting, Spending
