Financial planning for 2025: 7 tips to start the year on the right foot

With January is traditionally a challenging month for Brazilians' finances. Accounts such as IPVA, IPTU, school supplies and accumulated invoices from the holiday period can compromise the budget and hinder the beginning of the year with financial balance.For Guy Peixoto, serial entrepreneur and author of “101 Essential Principles of Entrepreneurship”, good financial planning for 2025 is the 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:

1. Know your finances

The first step to effective planning is to be clear about your financial situation.“List all your sources of income and all fixed and variable expenses”, Guy advises.Knowing exactly how much goes in and how much goes out is essential to identify possible adjustments and avoid surprises.

2. Prioritize debts

January is a month when accrued accounts can weigh. Guy recommends prioritizing debt repayment to avoid interest and fines.“Organize your pending claims on an urgent basis and renegotiate payment terms if necessary”, he suggests.

3. Create a realistic monthly budget

Set a ceiling for your monthly expenses, considering your fixed, variable and unforeseen expenses. “A realistic budget should provide a balance between paying bills, saving money and still having space for punctual expenses”, explains the expert.

4. Prepare for January spending in advance

Accounts like IPVA, IPTU and school supplies are no surprise, so it is important to plan for them from the previous year.“Start saving small amounts monthly for these expenses as early as November or December.

5. Set clear financial targets for 2025

Having well-defined goals is critical to staying focused throughout the year. “Set goals such as creating an emergency reserve, investing in a course, or even a trip. This will make sense of your” financial efforts, Guy says.

6. Reserve an emergency fund

Unforeseen events happen, and having a financial reserve can avoid debt. Guy recommends saving at least 10% of your monthly income in a separate account.“This fund should be used only for emergency situations, such as medical expenses or unexpected repairs”, he warns.

7. Start investing

Even with a tight budget, it is possible to invest.“Start with low-risk options, such as Treasury Direct or fixed income funds, which allow small contributions and are ideal for beginners.

Guy Peixoto reinforces that financial planning is an ongoing process that requires discipline and adaptation to change. “Facing your finances with responsibility and strategy is the first step to turning your dreams into reality.Do not leave for tomorrow what can begin today”, he concludes.