To-do list:

• Start and Secure emergency funds
• Set your 2025 financial goals
• Prepare for tax season
• Pay off those high-interest debts
• Review last year’s bank statements

Start the year on a high with this Finance to-do list, helping you save and manage your money. Go through the list and make sure to check them off

Start and Secure your emergency funds

If you haven’t already started an emergency fund, having one can be the difference between going into serious debt and not. Acting as a safety net, set a saving goal for how much you should put in.  

Tip: Set a small goal of £1,000 and go from there. 

Set your 2025 financial goals

January is the perfect time to set a goal. Realistic goals such as home improvements or paying off the credit card help work towards the common bigger goal of being financially stable and secure. 

Tip: Revisit previous financial goals if you can. 

Prepare for tax season

Sorting your taxes early can save headaches and get you a faster refund! Get a head start gather all those receipts and documents and organise. 

Tip: Start with last year’s return.

Pay off those high-interest debts

Starting fresh, prioritise those high-interest debts holding you back. This also contributes to improving your credit score. 

Review last year’s bank statements

Reviewing 2024’s bank statements is a daunting task, but it has to be done. It will help you manage your finances better for the new year. You could also find any unexpected or unused payments and subscriptions. 

Tip: Split your spending into categories.

By following this finance to-do list, you’ll set a strong foundation for a financially secure and prosperous year ahead.