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’re free to read more about oureditorial guidelinesand our products and servicesreview methodology.
She said another big culprit was impulse online shopping.
For online purchases, I always recommend the 24-hour rule.
Give yourself a day to think before buying, and often youll realize you dont need it.
Lifestyle Inflation
One of the biggest money leaks Mueller noticed in 2024 was lifestyle inflation.
She noted that dining out too frequently was another sneaky drain on finances.
From what Ive seen, these habits can derail your savings goals without you even realizing it.
Her advice for 2025 is to set clear financial priorities and stick to them.
Advice for Performing a Financial Focus Review
So you messed up.
Rather than berate yourself for making some money mistakes, its time to take action.
Below are some steps you’ve got the option to take for making changes in 2025.
Audit Automatic Payments and Subscriptions
Are you paying for something that you are not using?
She continued, Are you still using the product or service?
I was recently billed for an annual fee for two services that I no longer use.
I called both providers, and they immediately reimbursed my money and canceled the service for me.
Dont be afraid to call and ask!
Was your spending aligned with your values and goals?
Did you spend more than you would have liked in certain areas?
When do you tend to make these purchases?
When youre tired, hungry, emotional, happy?
How much have you saved?
What could you do with that money that is in alignment with your financial goals?
More From GOBankingRates
Share This Article:
