New Year, New Financial Vision

In this episode of Moneywise Wednesday, Andre Harris and Kelly Walter from Envision Credit Union discuss how to start 2025 with strong financial habits and achievable money goals.

 

 

 

Episode Highlights:

• Reflecting on spending habits from 2024
• Setting SMART financial goals for the new year
• Different budgeting approaches and finding what works for you
• The importance of paying yourself first through savings
• Strategies for debt management
• How to prepare for tax season
• Tips for shopping around to reduce regular expenses

Key Takeaways:

1. Give yourself grace when reviewing past financial decisions
2. Create SMART goals (Specific, Measurable, Achievable, Realistic, Time-bound)
3. Pay yourself first - make saving a priority, not an afterthought
4. The 50/30/20 budget rule: 50% needs, 30% wants, 20% savings and debt repayment
5. Review and shop around for services (insurance, phone plans, streaming services) to find savings

 

Resources Mentioned:

Free budget templates and resources available by emailing [email protected]

- Envision Credit Union financial counseling services

Next Episode:

Join us in January for a deep dive into Saving vs. Spending - How to save while managing other financial obligations.

Got questions or topic suggestions? Email us at [email protected] or comment on our Facebook or YouTube pages!