Top Financial Tips for 2025
As 2025 kicks off, over 60% of New Year’s resolutions were finance or money related. In order to get the best financial advice for 2025, let’s look at what certified financial planners say is most important!
Great Point Ideas:
- Diversify and rebalance your portfolio! Most investors have shifted from the typical 60% stock and 40% bond portfolio, and added alternative investments. The New Year may be the time to rebalance that allocation. This can mitigate losses and in turn, grow your assets.
- Focus on your debt and budgeting! Maintaining focus on debt and budgeting can help you build a strong financial foundation. You should start by tackling high-interest debt and then move onto budgeting for 2025 while emphasizing fixed expenses, savings goals and discretionary spending.
- Think multiple strategies ahead! In order to improve your finances, it’s not about thinking about single actions, but how to stack financial actions on top of one another to compound the effects. If you save tax money, think about what to do with those tax savings and how to utilize further tax deductions or a Roth IRA.
Those are just a few pieces of advice started by MarketWatch, but here is the link to view the other seven pieces of financial advice for 2025: 10 financial advisers on their No. 1 piece of money advice for 2025 - MarketWatch
Stay tuned for the GPC January Newsletter releasing on Monday!
