2025 is here, and after diet and exercise, money and paying off debt are always at the top of the list for Americans' New Year’s resolutions. How can you make a game plan that’s actionable and tactical on January 1? Here are five great ideas to get the new year off to a bang!
Did you know the average person visits the grocery store more than 10 times a month? According to Oxygen Financial, that adds up to a significant chunk of your time. And with each trip taking an average of 43 minutes (source: Time Institute), the hours really add up. And remember this, the grocery stores have the same goal as the casinos in Las Vegas, which is to separate you from your wallet.
In fact, right near me in Atlanta, Ga., a Publix recently opened with a full bar where you can drink beer and wine. Now, why would you need to do that? The reason is that grocery stores know it's paramount to get you to spend more time in the store and, consequently, you’ll spend more money.
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Here’s how you can cut down on those trips:
Investing isn’t just for the ultra-wealthy anymore. With as little as $100, you can diversify your portfolio with assets once reserved only for the rich:
These options offer creative ways to grow your wealth without requiring a massive upfront investment.
Debt is a huge financial burden for many Americans, with credit card debt alone nearing $1.2 trillion and the average balance sitting at $6,327. Tackling your debt now will set you up for long-term financial freedom.
Here are two pro tips going into 2025:
Recurring subscriptions can quietly drain your finances. Many people forget about services they no longer use, and costs for some subscriptions like YouTube TV have doubled over the past seven years (now priced at $82.99 per month).
Here’s how to regain control:
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Do you have a stash of airline miles, hotel rewards, or credit card points? These points represent real money — but their value decreases over time due to inflation and rising redemption costs.
Consider this: In the past five years, your points have likely lost 20% of their value. Waiting too long to use them could mean missing out on rewards you’ve earned.
Here’s how to make the most of your points:
Whether it’s cutting down on unnecessary shopping trips or finding innovative ways to invest, these simple changes can make a big impact on your finances. Start small by reviewing your grocery habits or subscriptions, then work your way up to investing and tackling debt. Every step you take will bring you closer to becoming a millionaire.
