In January, it is traditionally a challenging month for Brazilians’ finances. Bills such as IPVA, IPTU, school supplies, and accumulated holiday period invoices can strain the budget and make the beginning of the year financially challenging. According to Guy Peixoto, a serial entrepreneur and author of ‘101 Essential Entrepreneurship Principles,’ good financial planning for 2025 is key to facing these challenges and achieving goals throughout the year. Check out the seven essential tips from the expert to organize your finances and start 2025 strategically:
- Know your finances
The first step in effective planning is to have clarity about your financial situation. ‘List all your sources of income and all fixed and variable expenses,’ Guy advises. Knowing exactly how much is coming in and going out is essential to identify potential adjustments and avoid surprises.
- Prioritize debts
January is a month where accumulated bills can weigh heavily. Guy recommends prioritizing debt payments to avoid interest and fines. ‘Organize your outstanding payments in order of urgency and renegotiate payment terms if necessary,’ he suggests.
- Create a realistic monthly budget
Set a cap on your monthly expenses, considering your fixed, variable, and unexpected expenses. ‘A realistic budget should balance paying bills, saving money, and still allowing for occasional expenses,’ explains the expert.
- Prepare for January expenses in advance
Bills like IPVA, IPTU, and school supplies are not surprises, so it’s important to plan for them since the previous year. ‘Start saving small amounts monthly for these expenses as early as November or December. That way, the impact in January will be lower,’ advises Guy.
- Set clear financial goals for 2025
Having well-defined goals is essential to maintain focus throughout the year. “Setting goals such as creating an emergency fund, investing in a course, or even a trip will give meaning to your financial efforts,” says Guy.
- Set up an emergency fund
Unexpected events happen, and having a financial reserve can prevent debts. Guy recommends saving at least 10% of your monthly income in a separate account. “This fund should only be used for emergency situations, such as medical expenses or unexpected repairs,” he warns.
- Start investing
Even with a tight budget, it is possible to invest. “Start with low-risk options, such as Tesouro Direto or fixed income funds, which allow small contributions and are ideal for beginners. The important thing is to start and create the habit,” explains the specialist.
Guy Peixoto emphasizes that financial planning is an ongoing process that requires discipline and adaptation to changes. “Facing your finances responsibly and strategically is the first step to turning your dreams into reality. Don’t put off for tomorrow what you can start today,” he concludes.
