NEW YORK (AP) – With the end of 2024 around the corner, you might be reflecting on financial goals for 2025.

Whether you are saving to move out of your parents’ house or pay off student loan debt, financial resolutions can help you stay motivated, said Courtney Alev, consumer advocate for Credit Karma.

“Entering a new year doesn’t erase all our financial challenges from the prior year,” Ms. Alev said. “But it can really help to bring a fresh-start mentality to how you’re managing your finances.”

If you are planning to improve your finances in the new year, experts recommend that you start by evaluating the state of your finances in 2024. Then, set specific goals and make sure they are attainable.

Here are some tips from experts.

(1) Change Your Relationship with Money

Think about how you currently deal with finances—what’s good, what’s bad, and what can improve.

“Let this be the year you change your relationship with money,” said Ashley Lapato, personal finance educator for YNAB, a budgeting app.

If you feel like money is a chore, that there’s shame surrounding the topic of money, or like you were born being “bad at money,” it’s time to change that mentality, Ms. Lapato said.

To adjust your approach, Ms. Lapato recommends viewing money goals as an opportunity to imagine your desired lifestyle in the future. She recommends asking questions like, “What do my 30s look like? What do my 40s look like?” and using money as a means to get there.

Liz Young Thomas, head of SoFi Investment Strategy, added that it’s key for you to forgive yourself for past mistakes in order to move into the new year with motivation.

(2) Know Your “Why”

When setting your financial resolutions for 2025, it is important to establish the “why” of each, said Matt Watson, CEO of Origin, a financial tracking app.

“If you can attach the financial goal to a bigger life goal, it’s much more motivating and more likely you’ll continue on that path,” Mr. Watson said.

Whether you are saving to buy a house, pay off credit card debt or take a summer vacation, being clear about the goal can keep you motivated. Mr. Watson also recommends using a tool to help you keep track of your finances, such as an app, spreadsheet, or website.

(3) Budget, Budget, Budget

“After three years of inflation, your pay increases are likely still playing catch up to your monthly expenses, leaving you wondering where all the money is going,” said Greg McBride, chief financial analyst at Bankrate. “Make that monthly budget for 2025 and resolve to track your spending against it throughout the year.”

Mr. McBride said that you may need to make adjustments during the year as certain expenses increase, which would require cutting back in other areas.

“Calibrate your spending with your income, and any month you spend less than budgeted, transfer the difference into your savings account, ideally a high-yield savings account,” he said.

(4) Pay Down Outstanding Debt

“Interest rates aren’t likely to come down very fast, so you’re still going to have to put in the hard work of paying down debt, especially high-cost credit card debt, and do so with urgency,” Mr. McBride said.

Start by taking stock of how much debt you have now relative to the beginning of the year. Hopefully you have made steady progress on paying it down, but, if you have gone in the other direction, Mr. McBride encourages making a game plan.

(5) Take Control of Your Credit Card Interest Rate

“You have more power over credit card interest rates than you think you do,” said Matt Schulz, chief credit analyst at LendingTree. “Wielding that power is one of the best moves you can make in 2025.”

A 0 percent balance transfer credit card is “a good weapon” in the fight against high card APRs, or annual percentage rates, he said. A low-interest personal loan is an option as well.

You may simply be able to pick up the phone and ask for a lower interest rate. LendingTree found that a majority of people who did that in 2024 were successful, and the average reduction was more than 6 points.

(6) Set Realistic, Practical Goals

When planning for your financial resolutions, it is important to consider how you are going to make your goals sustainable for your lifestyle, said Credit Karma’s Alev.

“It really is a marathon, not a sprint,” Ms. Alev said.

Ms. Alev recommends setting realistic, practical goals to make it easier to stick with them. For example, instead of planning to save thousands of dollars by the end of the year, start by saving $20 a paycheck.

Even when your plans are achievable, there are times you will get derailed. Maybe it is an unexpected medical bill or an extraordinary life event. When these situations happen, Ms. Alev recommends trying not to feel defeated and working to get back on track without feeling guilty.

(7) Do Not Bury Your Head in the Sand

“You can’t manage what you can’t see, so set a New Year’s resolution to check your credit score monthly in 2025,” said Rikard Bandebo, chief economist at VantageScore. “Be sure to pay more than the minimum on your credit accounts, as that’s one of the best ways to boost your credit score.”

Mr. Bandebo also advises student loan borrowers to make all payments on time, as servicers will begin to report late payments starting in January, and missed payments will affect borrowers’ credit scores.

(8) Automate Savings, Where Possible

Automated changes, like increasing workplace 401(k) plan contributions, setting up direct deposits from paychecks into dedicated savings accounts, and arranging for monthly transfers into an IRA and/or 529 college savings accounts all add up quickly, Mr. McBride said.

(9) Slow Down

Your financial goals can encompass more than just managing your money better—they can also be about keeping your money safe from scams. A golden rule to protect yourself from scams is to “slow down,” said Johan Gerber, executive vice president of security solutions at Mastercard.

“You have to slow down and talk to other people if you’re not sure (whether or not) it’s scam,” said Mr. Gerber, who recommends building an accountability system with family to keep yourself and your loved ones secure.

Scammers use urgency to make people fall for their tricks, so taking your time to make any financial decision can keep you from losing money.

(10) Focus on Financial Wellness

Your financial goals do not always have to be rooted in a dollar amount—they can also be about well-being. Finances are deeply connected with our mental health, and, to take care of our money, we also need to take care of ourselves.

“I think that now more than any other year, your financial wellness should be a resolution,” said Alejandra Rojas, personal finance expert and founder of The Money Mindset Hub, a mentoring platform for women entrepreneurs. “Your mental health with money should be a resolution.”

To focus on your financial wellness, you can set one or two goals focusing on your relationship with money. For example, you could find ways to address and resolve financial trauma, or you could set a goal to talk more openly with loved ones about money, Ms. Rojas said.

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