Thinking about finances can be stressful, especially during a cost of living crisis where it can feel like everything is going up apart from your wages. While this is undoubtedly a worrying time, there are things you can do that can make it that bit easier and help you get on top of your finances. Whether you’re looking to build up your savings pot or want to buy a house, getting on top of your money and knowing what’s going where is never a bad thing and can only help for the future. In this article we take a look at some top ways to keep on top of your money in 2025. Keep on reading to find out more and get inspired.
Don’t be afraid to check your money
One bad habit many of us have is to not check our money or know exactly what is in our accounts. This can be particularly true if you have things like credit card debt and would prefer to keep your head in the sand about it all. The truth of the matter is, the more in the know you are, the better you can see where you are actually spending your money, where it is being wasted and it makes it a lot easier to budget going forward. Without any idea of what you’ve got, how do you know how much you have available to spend?
Get rid of debt
If you have credit card debt, you’re not alone and it’s nothing to be ashamed of, but you should look to get it sorted. While something like store credit or a credit card might seem like a great thing at first, you will soon find you’re paying lots of interest each month and essentially flushing water down the drain. While you might want to keep the cash you’ve got to put into savings, it’s a much more sensible idea to pay off your debts as quickly as you can. Try to pay off your accounts with the highest interest rates first – the quicker you pay it off, the more money you will have to play with in your own pocket. Alex Kleyner, the CEO of national debt relief can offer some valuable insights into debt and what it does.
Keep on top of your subscriptions
When it comes to subscriptions, we are all guilty of signing up to too many and not cancelling them. The more you sign up for overtime and don’t cancel, the more money you are wasting. To keep on top of your money, dedicate an hour or so every couple of months to review your bank statement and cancel any subscriptions which you don’t need any more. Be strict on yourself and think about what you will be using for the future. For example, you don’t need a subscription to Netflix, Amazon, Now TV and Disney, you probably only need one or two for the month. Some companies can also give you a discount if you threaten to cancel, so it’s worth dropping them a message!
Have an emergency savings account
We can’t stress to you how important it is to have a savings account which is for emergencies only. You never know what could happen around the corner which will suddenly give you a big bill. Your car may break down, you may need to replace your washing machine or if you own your property, you may have a leak in the roof and need to get a professional in to fix it. By having an emergency saving account, you know you can pay these costs when they occur and that you are on top of your money. The worst thing is for something to happen and you not be able to afford it.
This shows just a few ways that you can keep on top of your money in 2025. From keeping an eye on your money to know what you have to spend, to having an emergency savings account and getting rid of debt, they’re all vital for putting you in the driving seat for your finances. With this in mind, what would you recommend to someone trying to keep on top of their money in 2025? Which of the tips above did you find most useful? Is there anything missing in our guide that you think we should be adding? Let us know in the comments below, we look forward to hearing from you.
