As we step into 2025, it’s time to reassess and strengthen your financial strategies. Here are six actionable tips to help you navigate 2025 with greater financial confidence and security.
Read the article to know more about the steps to help you achieve financial wellness this year.
https://www.morganstanley.com/articles/financial-planning-new-year-financial-resolutions
Vocabulary Questions:
- What does “robust” mean? “It’s always a good idea to double-check that you have adequate funds set aside for a rainy day—that’s especially true in times when the economy may be slowing from its once-robust pace. “ Use it in a sentence.
- What does “consolidate” mean? “Even if you’re good about managing your debt, consider taking steps to help reduce and consolidate it further.” Use it in a sentence.
- What does “inflation” mean? “Reassessing your spending plan is critical now, as still-high inflation means you’re likely spending more on everyday items like groceries or gas.” Use it in a sentence.
Discussion Questions:
- What are some areas in your current budget where you feel you could cut back or reallocate funds to improve your financial health this year?
- Do you already have an emergency fund in place, or is building one a priority for you in 2025? How do you plan to achieve this goal?
- Have you revisited your investment portfolio recently? What factors do you consider when deciding how to diversify or adjust your investments?
- What are your top financial goals for 2025, and how do you plan to stay motivated to achieve them?