GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you might read more about oureditorial guidelinesand our products and servicesreview methodology.
More importantly, what should they do differently with theirmoneyin 2025 as a result?
While no one has a crystal ball, there are some informed opinions out there.
GOBankingRates chatted with experts to find out what they recommenddoing differently with your money in 2025.
And working professionals could use this to their benefit.
And as reported byCNBC, borrowers may soon have even higher payments under the Trump administration.
Roop recommended whittling away at this debt, beginning with the highest-interest loans first.
Its worth reminding the public to get out ahead of student loans, Roop said.
Theyre not even forgiven in bankruptcy; they are with you for life.
Lock In a Fixed Rate of Return
According to Roop, price-to-earnings ratios are approaching all-time highs.
But big firms are projecting there may be a recession in the next couple of years.
Because of this, take a close look at your investments.
Especially for people getting ready to retire, be cautious, Roop said.
Roll back some of the profits that youve seen the markets give you.
Interest rates, while cooling, are still abnormally high.
Roop stressed the importance of understanding your current financial situation and the steps necessary to reach your financial goals.
And writing down a simple one-pager will do the trick.
Put the important things in front of you to keep you on track.
Roop assessed that, each year, retirees are going to getless and less money.
So how can you incorporate this stark reality into your financial plans?
Having a portion of your funds in something that cant be eroded by the stock market is great.
Its not directly correlated tostocks and bonds, he said.
Being able to purchase things online so easily can drain a bank account, according toRamsey Solutions.
And Trumps proposed tariffs on goods could have your wallet feeling additional strain.
Do yourself a favor and monitor screen time in the new year.
More From GOBankingRates
Share This Article:
