Financial experts offer advice on prioritizing mindful spending and making the most of your money in the new year.
Financial advisors say other moves, including prioritizing mindful spending, can help bring better balance to your financial health in the new year. But financial advisors who work with clients every day have their own wish lists for what they think should be top financial priorities for 2025. 'Start slow and manageable with any new financial goals,' said Lee Baker, a certified financial planner and founder, owner and president of in Atlanta.
'You're better off getting some wins under your belt than trying to build Rome in a day only to end up frustrated.'38-year-old self-made billionaire's No. 1 tip for aspiring entrepreneurs: Pay attention to ‘what the kids are doing' 'A little bit of time spent on understanding your actual spending and then deciding if it lines up with your goals and values is time very well spent,' said CFP Jude Boudreaux, a partner and senior financial planner with Ask yourself if your spending aligns with your goals and values and if it should continue, he suggested. Once you sit down and look at the numbers, it can help identify where you might want to make changes. Bringing awareness to your spending can help ensure that you're making the most of the money you're taking in, advisors say. 'Mindful spending that reflects personal values can lead to greater satisfaction and stronger relationships,' said Rianka Dorsainvil, a CFP and founder and senior wealth advisor atWhile credit card debt has climbed to record highs and consumers still contend with higher prices, it's a great time to streamline your spending. The new year is also a good time to review your credit and debit card statements for the year, said Ted Jenkin, a CFP and founder and CEO ofLook for subscriptions, apps and memberships you don't use and cancel them, he said. Also be sure to take a look at how much you're paying for streaming services, and where you might be able to cut back, Jenkin sai
FINANCIAL ADVICE SPENDING BUDGET INVESTING CREDIT CARD DEBT
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