Happy New Year! As we say goodbye to 2024 and welcome 2025, it’s the perfect time to reflect on where we’ve been and set the stage for where we want to go. While the end of the year is about finishing strong, as my colleague, Drew Tardy, emphasized last quarter in his blog, 5 Actions to Finish 2024 Strong, the beginning of the year is all about starting strong. This is your chance to set priorities, take decisive action, and create momentum for the months ahead.

At McKinley Carter, we believe in empowering our clients to live meaningful and purpose-driven lives by aligning their financial decisions with their personal goals. Just as we plan and strategize with our clients at the end of the year, we encourage them to use the beginning of the year to focus on the actions that will propel them forward.

Below are five actions we recommend to help you start 2025 with clarity, confidence, and purpose:

1. Revisit Your Financial LifePlan: The start of the year is an ideal time to review your Financial LifePlan. Life circumstances change, markets shift, and goals evolve. Take a fresh look at your plan to ensure it aligns with your current priorities and aspirations. If you don’t yet have a Financial LifePlan, now is the perfect time to create one. Working with an experienced financial advisor can provide the perspective and expertise needed to build a roadmap for success.
2. Establish Your 2025 Goals: What do you want to accomplish this year? Maybe it’s taking a bucket-list vacation, paying off a specific debt, saving for a major purchase, or simply spending more quality time with loved ones. Write your goals down, prioritize them, and break them into actionable steps. Remember, goals don’t need to be monumental—small, consistent wins add up to significant progress.
3. Audit Your Budget and Cash Flow: The new year is a great time to evaluate your spending and saving habits. Review your 2024 expenses and identify areas where you can cut back or reallocate funds to align with your priorities. Use tools or apps to track your progress and automate savings whenever possible. Having a clear picture of your cash flow will give you the confidence to make informed financial decisions throughout the year.
4. Invest in Your Health and Well-Being: Physical, mental, and emotional health play a critical role in your overall quality of life and productivity. Consider how you can invest in yourself this year. This could mean joining a gym, adopting healthier eating habits, or setting aside time for hobbies and relaxation. Taking care of yourself enables you to show up fully for your family, career, and community.
5. Schedule Regular Check-Ins: Make it a point to review your progress throughout the year. Whether it’s scheduled meetings with your financial advisor, monthly family budget discussions, or simply personal reflection, regular check-ins help you stay on track and make adjustments as needed. Accountability is key to ensuring that your actions align with your goals.

Starting the year with intention can make all the difference. By focusing on these five actions, you can set the foundation for a successful 2025 and beyond. If you’re ready to take charge of your financial future, reach out to us at McKinley Carter. We’re here to guide you every step of the way.

Here’s to a strong start and a fulfilling year ahead!