January is traditionally a challenging month for Brazilians' finances. Accounts such as IPVA, IPTU, school supplies, and accumulated bills from the holiday period can compromise the budget and make it difficult to start the year with financial balance. For Guy Peixoto, a serial entrepreneur and author of "101 Essential Principles of Entrepreneurship," a good financial plan 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
- Know your finances
The first step to effective planning is to have clarity about your financial situation. "List all your sources of income and all fixed and variable expenses," advises Guy. Knowing exactly how much comes in and goes out is essential to identify possible adjustments and avoid surprises.
- Prioritize debts
January is a month when accumulated bills can weigh heavily. Guy recommends prioritizing debt payments to avoid interest and fines. "Organize your pending issues by urgency and renegotiate payment terms if necessary," he/she/they suggest.
- Create a realistic monthly budget
Set a cap on your monthly expenses, considering your fixed, variable, and unforeseen costs. "A realistic budget should foresee a balance between paying bills, saving money, and still having room for occasional expenses," explains the specialist.
- Prepare for January expenses in advance
Accounts like IPVA, IPTU, and school supplies are not surprises, so it's important to plan for them from the previous year. "Start saving small amounts monthly for these expenses already in November or December. This way, the impact in January will be smaller," advises Guy.
- Set clear financial goals for 2025
Having well-defined objectives is essential to stay focused throughout the year. "Set goals such as creating an emergency fund, investing in a course, or even a trip. This will give purpose to your financial efforts," says Guy.
- Set aside an emergency fund
Unexpected events happen, and having a financial reserve can prevent debt. 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 Treasury Direct or fixed income funds, which allow for small investments and are ideal for beginners. The important thing is to start and develop the habit," explains the specialist.
Guy Peixoto emphasizes that financial planning is a continuous process that requires discipline and adaptation to changes. "Facing your finances with responsibility and strategy is the first step to turning your dreams into reality. Don't leave for tomorrow what you can start today," he concludes.
