As a year of high inflation and financial challenges comes to a close, now is the perfect time to refocus on your financial goals and prepare for the year ahead. But where should you begin? Here are nine essential steps to get you started. 

Set your financial goals 

Create a plan based on what matters most to you. Start by identifying urgent priorities and goals you can work on over the long term. Be realistic and consider inflation when setting your objectives. 

Cut back on spending  

Look over your 2024 spending habits and find areas to reduce in 2025. Small changes, like making lunch at home or canceling an unused gym membership, can add up. 

Use money management apps 

Technology can be a big help when it comes to managing your money. Log into your FinFit account and explore MoneyView insights, where you can link all your accounts, track spending, manage bills, and set budgets—all in one place. 

Prioritize your debt 

If you have outstanding debt, make eliminating it a top priority for 2025! List all your debts and focus on paying off those with the highest interest rates first. Debt consolidation might also be a good option to pay off debt more affordably. Check out our Debt Consolidation Guide to learn more. 

Understand your credit score 

Your credit score affects more than just borrowing—it can impact insurance premiums, rental applications, and more. You can check your credit report for free with services like Experian and Credit Karma. Taking steps to improve your score could save you money over time! Learn more in our Ultimate Guide to Great Credit. 

Invest in yourself 

Investing isn’t just about stocks and bonds—it’s about personal growth too. Consider learning a new skill, expanding your knowledge, or refining your expertise. Start by exploring some simple steps to invest in yourself. 

Protect yourself from scams 

Never share your personal or financial information if you receive an unexpected call from someone claiming to be from your bank. Instead, hang up and call the bank’s official helpline. Avoid responding to unsolicited emails about financial matters. Check out this article for tips on avoiding scams and what to do if you’re targeted.

Review your insurance coverage 

Evaluate all your insurance policies to make sure you have the coverage you need at the best possible rates. Review your policies for life, health, home, auto, and liability insurance to ensure they’re up-to-date and meet your needs. 

Plan for the future 

Retirement is a big financial goal for many people, but everyone’s retirement needs are different. Take practical steps now to prepare, starting with a retirement health check. Breaking down big goals into smaller actions can make them more achievable. 

By following these steps, you’ll set yourself up for financial success in the new year. Starting with small, manageable actions will give you the momentum and tools to reach your bigger financial goals.