What are your financial goals for 2025?

Coach Natalie

Now that the craziness of Christmas is behind us and we have started a new year, let's talk about financial goals. Whether big or small, what are your financial goals for the year 2025?

I'll go first! My biggest goal for this year is to buy a new car. I started saving toward the end of last year and already have about 20% of what I want to put as a down payment. I'm hoping to have a new car before we head into winter at the end of the year! 🚗

My other goal is to go to Mexico! I also saved up enough last year to pay for the plane tickets, so now I get to work on saving for spending money. Luckily, I get free room and board because my parents bought a house in Loreto. I'm super excited — this will be my first time traveling out of the country! 🌴

Let's hear what you have planned for your money in 2025!

RobWilk

\My current goal, albeit a smaller one, is/was to upgrade my MacBook Air to a MacBook Pro. I technically have enough saved now, and think I might do it today. Best buy is offering me $700 trade in, and the one I am looking at is around $1800 (24Gb, 1tb, 14”). I want the 16” screen size, but they reserved that for significantly more expensive models than I am willing to splurge on.

My car just got a new car play supporting radio with Sirius and back up camera, so I am hoping to put off replacing my car another couple of years.

SRC54

As I posted in Investments, my goal this year is to begin to simplify my investments as I get ready to make distributions from them. I am selling some of them to convert them to cash, starting with the ones that are performing the worse. I will likely move the distributions to my Brokerage Account as long as I don't need them for living expenses.

My wife needs a new car but she has resisted so far. As long as it runs well and the tires don't need replacing, we'll keep it, but she makes a lot of trips so I worry about things like that.

UrsulaA

Simplifi is helping me achieve my short term goal for this year, which is contributing to the purchase of a used car for my 16 year old daughter. I am using a savings goal to track this and I am reaching the target amount ahead of time.

My other goal is to go on vacation during the summer. That looks on target too.

DannyB

My 2025 financial goal is to steward the resources we have developed over the past 40+ years so that we can continue to make new friends (volunteer work in our community), explore new horizons (Bahamas in two weeks, Australia, New Zealand and Tahiti in a April, and the western Mediterranean in the fall), visit family and long-time friends (camping and road trips spring and summer) and enjoy time with our kids and grandkids (birthdays, holidays, bar-b-ques around the pool). You know, doing retirement!

SRC54

@DannyB

Good grief, Bahamas, Southern Pacific and then Western Mediterranean all in one year! I don't even want to leave the confines of my home state, not to mention dealing with flights, TSA, etc. And that flight to Australia will be brutal. More power to you. I hope you aren't in steerage.

I would love to go back to Spain some time though. Maybe in a few years, the world will be a saner one. For now, it's Sweet Home Alabama for me. I'll just play tennis and save and hope a tornado doesn't sweep me away.