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GOBankingRates consulted financial experts to bring you actionable advice on the money moves you should consider making.
Here are 11 money moves you should make soon to be ready for 2025.
Frame your debt as a tool for growth rather than a burden, he shared.
This approach means changing old habits and shifting the focus from paying off debt to leveraging it for investments.
Presuppose that every action you take today will pave the way for a stronger financial future, he said.
If youre in your 40s, then you should consider a Roth IRA.
She reminds investors to add their spouses and children if they have earned income.
Diversify Your Investment Portfolio
Both Mendenhall and King are big on the importance of diversification.
Diversify your portfolio to balance risk and reward, aligning investments with your personal financial personality, said Mendenhall.
Small, forgotten charges can accumulate over time, and can impact your budget.
To avoid this sort of reduction in your credit limit or to increase it!
you might consider requesting a credit limit increase today.
This move can help maintain your credit utilization ratio, which accounts for 30% of your credit score.
Review Changes in Credit Card Terms and Conditions
Richner advises staying vigilant about updates tocredit card terms.
Of course, consult a financial professional to see to it youre doing everything correctly.
Start early by projecting your 2025 budget adding your expected inflows and expenses, said King.
By planning now, youll be prepared for any financial bullets (and rewards!)
2025 throws your way.
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