As 2024 comes to a close, the new year is the perfect opportunity to refocus on your financial goals. To help you make the most of 2025, we've put together a comprehensive monthly guide to keep you on track.
The key is to start by prioritizing what you want to accomplish and breaking down larger goals into smaller, more manageable steps. Once you have a clear plan in place, you can align your intentions with your current financial situation.
Our monthly planning guide offers tips and ideas to help you build and monitor your plan throughout the year. Remember, the most successful financial plans aren't just written down - they're revisited regularly to adapt to any changes.
Here's a quick overview of what you can focus on each month:
January - Set your intentions by drafting a budget, looking for ways to reduce expenses, and making your 2025 IRA contribution.
February - Simplify your investments by addressing any old 401(k) accounts, streamlining your holdings, and automating your investing.
March - Prepare for tax time by getting organized, filing your taxes, and deciding how to invest your refund.
April - Improve your financial standing by checking your credit report, reviewing your debt, and making your 2024 IRA contribution.
May - Focus on education by opening a 529 account, helping children learn about personal finance, and educating yourself on relevant topics.
June - Do a midyear checkup on your budget, asset allocation, and overall investment portfolio.
July - Invest in yourself by exploring career development opportunities and practicing mindful spending.
August - Reassess your insurance coverage and review your subscriptions to ensure you're getting the most value.
September - Give back by making charitable contributions and donations, potentially in a tax-smart way.
October - Be vigilant with cybersecurity by protecting your passwords and guarding against fraudsters.
November - Focus on family matters by talking with adult children about money, updating your estate plan, and getting organized.
December - Prioritize your retirement by saving at least 15% of your salary and taking any required minimum distributions.
By breaking down your financial goals into manageable monthly tasks, you can make steady progress throughout the year. Remember, a holistic view of your income and expenses is key to aligning your intentions with what's realistic.
If you need further assistance, our financial experts are here to help. Contact us today to schedule a free consultation and get on track for the future you've imagined.
Comentarios