By Betsy Young, MSUFCU Vice President of Marketing and Communications
Photo Via Wix Stock Images
Starting 2025 with a clear financial plan can set you up for stability and growth. Here are five practical budgeting and saving tips to help achieve stability, growth, and peace of mind in 2025.
Set Clear Financial Goals
Think about what you want to achieve this year. Maybe it’s saving for a down payment, building an emergency fund, or finally planning that dream vacation. Defining your goals gives you a clear destination and keeps you motivated. Need a little help getting started? Try the MSUFCU Fin-Life app to create a personalized plan in just three minutes a week.
Build a Budget That Works
A solid budget starts with understanding your income and expenses. List essentials like rent, utilities, and groceries, then map out funds for goals like savings, investments, or debt repayment. This clarity helps you make small adjustments so you can keep moving toward what matters most.
Automate Your Savings
Set it and forget it! Automating your savings lets you make steady progress without the extra effort. Arrange for a portion of each paycheck to go directly into savings, so you’re building your future automatically. This is a great way to grow an emergency fund and stay on track.
Maximize Your Savings with High-Yield Accounts
Want your money to work harder for you? High-yield savings accounts and Certificates can give your savings a boost. Most financial institutions offer limited-time high-rate Certificates that let you grow your savings faster while keeping funds secure. MSUFCU’s Savings BuilderSM account for instance, offers a higher initial rate to help you reach your goals faster.
5. Tap Into Financial Education Resources Knowledge is power—especially in finance. MSUFCU provides free resources like workshops, webinars, and The Culture of Finances program to help you feel more confident about your financial decisions. Check out what’s available at msufcu.org/events and start building your financial know-how.