6 steps to start 2025 financially stronger

As we step into a new year, it’s time to take control of your finances and set yourself up for success. These six actionable steps will help you build stronger financial habits, achieve your goals, and start 2025 on the right foot.

Step 1: Assess your net worth

Take stock of where you stand financially. Calculate your net worth by subtracting your liabilities from your assets. Tools like Plenty can simplify this process, giving you a clear picture of "what’s ours" as a couple or your individual standing.

Step 2: Set personalized financial goals

Define what you want to achieve in 2025. Whether it’s saving for a dream vacation, building an emergency fund, or buying your first home, having clear goals is the key to staying motivated. With Plenty’s personalized goal planning, you can track progress and stay on course.

Step 3: Create a budget that works for you

Review your past spending habits and set realistic limits for 2025. A tool like Plenty offers 100% free budgeting and the ability to compare spending trends, helping you create a plan that’s easy to stick to.

Step 4: Maximize your savings

Put your money to work for you. Look for high-yield savings accounts like Plenty’s 4.4% 7-day yield* to grow your savings faster while staying secure.

Step 5: Simplify your financial management

Combine all your accounts, transactions, and goals in one place to eliminate stress. Plenty connects to over 15,000 financial institutions, so you can see your entire financial picture at a glance and stay organized all year long.

Step 6: Plan for the future

Think beyond 2025 by setting up systems for long-term growth. Use tools like Plenty’s net worth tracking and forecasting to monitor progress and adjust your plan as life changes. Future-focused planning ensures you’re not just stronger this year but for years to come.

Start strong with Plenty

Ready to make 2025 your best financial year yet? Take the first step with Plenty. Manage your money, set goals, and grow your savings—all in on easy-to-use app.

About Plenty

Plenty is a wealth management platform designed specifically for couples. We go beyond budgeting, making it simple to invest, save, and grow toward your future goals by unlocking access to the financial strategies of the wealthy. Ready to get started? Sign up for free today.

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*Plenty's cash management product invests 99.5%+ of the portfolio in US-government backed securities as of November 14th, 2024. Although the strategy seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. You could lose money by investing in the strategy. Plenty's cash management product is SIPC insured. An investment in the strategy is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The rate quoted is subject to change and will decrease or increase based on changes in market conditions, interest rates, among other factors. The rate quoted is net of transaction and advisory fees.

The information provided herein is for general informational purposes only and should not be considered individualized recommendations or personalized investment advice. The type of strategies mentioned may not be suitable for everyone. Each investor should evaluate an investment strategy based on their unique circumstances before making any investment decisions.Investing involves risk, including risk of loss. Past performance may not be indicative of future results. Asset allocation, diversification, and rebalancing do not ensure a profit or protect against loss in declining markets. Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.Tax-loss harvesting involves certain risks, including, among others, the risk that the new investment could have higher costs than the original investment and could introduce portfolio tracking error into your accounts. There may also be unintended tax implications. We recommend that you consult a tax professional before taking action.Plenty does not provide legal or tax advice. Where specific advice is necessary or appropriate, individuals should contact their own professional tax and investment advisors or other professionals (CPA, Financial Planner, Investment Manager) to help answer questions about specific situations or needs prior to taking any action based upon this information.All expressions of opinion are subject to change without notice in reaction to shifting market, economic, and geo-political conditions