As we look to the rest of the year ahead, it’s a great time to revisit your finances and position yourself to make the most of your workplace benefits and broader financial life.
Here are three ways to help yourself make the most of your finances in 2025 — and, in turn, help you move toward a more secure financial future.
- Holistically review the year ahead
If you aren’t sure how to track your monthly income and expenses, consider using online tools such as debt calculators, retirement calculators and budgeting apps. You likely have access to these tools through your workplace. If not, you may also be able to create a budget through your credit card app.
Next, separate fixed and variable expenses. Think about crucial payments like housing and groceries vs nice-to-haves, such as taking a vacation. One easy method is the 50-30-20 budgeting rule: 50% of your budget would cover needs, 30% wants, and 20% savings and investments. Break it down by month, paycheck, or any way that’s compatible with your lifestyle.
Assess what your long-term financial goals are and create a timeline of when you’d like to achieve them. For example, are you planning to buy a home? Is your family complete, or do you anticipate having more kids? Are you setting aside money for college? What age would you ideally like to retire?
No matter how distant your long-term goals seem, it’s crucial to invest in your financial future at every stage of life. The longer you invest, the more you’ll allow your returns to compound — and potentially build in your nest egg by the time you retire.
- Take advantage of employer benefits
The workplace is an accessible way to invest in your financial future: According to our State of the Workplace Financial Benefits Study, most employees (89%) consider workplace financial benefits essential in meeting long-term financial goals. Take the time to understand any workplace benefits that are available to you — including health insurance, retirement benefits such as an employer 401(k) match, life insurance, disability insurance and more.
Assess your current financial status, including any wiggle room to allocate paycheck deductions and savings toward different benefits. For example, if your company offers a retirement benefit such as a 401(k), enroll — and make sure to max out any available employer match, if possible. If you’re planning to pay for a college education, take advantage of resources such as tuition reimbursement or workplace 529 programs.
Your workplace may also offer additional benefits, such as discount programs, an emergency savings account match or equity compensation, which can potentially help you cut costs to free up your budget and build savings or investments over time.
Also, use any educational resources that your employer provides so you can better understand how your workplace benefits can help you address various financial challenges. Many companies offer webinars, events and on-demand content as a part of their benefits throughout the year. Even if you’re a veteran employee who has been around for a while, it’s usually worthwhile to participate so you don’t miss out on any new opportunities, updates or helpful information.
- Prepare for the future and the unexpected
Keep in mind that life is unpredictable; one of the easiest ways to prepare for whatever life throws your way is to set money aside for emergencies. If you don’t have an emergency fund already, consider setting aside even $10 a month to start building in case of a rainy day.
A good baseline is to set aside three to six months’ worth of living expenses in a separate, easily accessible account — such as a savings account, money market account or CD account.
If you aren’t sure where to start, talk to your employer: Our research shows nearly nine in 10 HR leaders offer financial wellness programs to help counterbalance work-life stressors. Your employer may be able to help answer questions, provide information to help you take advantage of your workplace benefits and even direct you toward additional resources to help you navigate your financial life. Additionally, you may have access to a financial coach or advisor through your employer’s financial wellness or retirement program.
This material has been prepared for informational purposes only. It does not provide individually tailored investment advice. /Tribune News Service