Financial advisors recommend focusing on mindful spending and reviewing financial habits as key priorities for the new year. They suggest understanding your spending patterns, aligning expenses with your values, and canceling unused subscriptions to optimize your finances.
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 ofin Atlanta.
Bringing awareness to your spending can help ensure that you're making the most of the money you're taking in, advisors say. 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 said. Multiple streaming service subscriptions can now add up to more than a cable bill. Families may save by cutting the number of subscriptions or by having multiple family members on one account, he said.
One area of financial planning that people tend to avoid is estate planning, according to Louis Barajas, a CFP, enrolled agent and CEO of Proper estate planning can help ensure your wishes for where you want your money to go are honored when you die. Importantly, that should also include your digital assets, said CFP Preston Cherry, founder and president of
It also helps to have weekly standing meetings to discuss calendars and budgets, where you can identify any adjustments that need to be made, he said.
Personal Finance Spending Financial Goals Mindful Spending Subscriptions
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Financial Reflection: Experts Share Tips for End-of-Year Money ManagementAs the year draws to a close, financial experts emphasize the importance of reflecting on your finances. They offer advice on managing money effectively, avoiding feelings of shame, and setting yourself up for success in the new year.
Read more »
Financial Advisors Share Top Spending Tips for 2025Financial experts offer advice on prioritizing mindful spending and making the most of your money in the new year.
Read more »
Experts share tips on how to have a bugfree ChristmasSome people worry that if you cut down a real tree this holiday season, you could bring bugs into the house. Here are some tips to help you enjoy a bugfree Christmas.
Read more »
Holiday Blues: Experts Share Tips for Managing StressThis article discusses the common experience of holiday stress and provides advice on coping mechanisms, including setting boundaries with family and prioritizing self-care.
Read more »
End-of-Year Financial Reflection: Experts Offer Tips for a Healthier Money MindsetAs the year draws to a close, financial experts emphasize the importance of reflecting on your financial habits. While acknowledging the challenges of rising costs and stagnant wages, they encourage a compassionate approach to self-assessment. Four financial experts share their top tips for effective money management and overcoming common feelings of shame or inadequacy surrounding finances.
Read more »
Financial Experts Offer Year-End Reflection TipsAs the year comes to a close, financial experts encourage reflecting on your financial habits and identifying areas for improvement. Although economic pressures and wage stagnation may have made managing finances challenging, experts emphasize the importance of self-compassion and avoiding excessive scrutiny.
Read more »