The end of the year is always a good time to reflect, and yourpersonal finances are no exception.
You canspend your remaining FSA funds on other qualifying healthcare costs.
you might use FSA funds to upgrade your prescription eyeglasses or buy more contact lenses.
you’re free to finda complete list at the FSA store here.
The employee health FSA contribution limits are increasing from $3,200 to $3,300 in 2025.
For 2025, 401(k) participants are able to contribute as much as $23,500.
For IRAstraditional and Rothyou can max out at $7,000.
Remember, the most effective retirement strategy is to contribute consistently andlet your investments grow undisturbedover time.
Review your tax withholdings
Sure, Tax Day isnt for a few more months.
Still, now is a good time to review your tax withholdings and payments.
Check out theTax Withholding Estimatorfrom the IRS to effectively tailor how much income tax to withhold.
Reassess your budget
A budget is a living document.
The other 30% is for discretionary spending like travel and dining out.
you could usethisbudget calculator to see how your savings and spending stack up.
Sit down and physically write out where you could boost the health of your personal finances.
You might even set avalues-based budget.
Think: Do youhave a plan to pay off your debt?
Does yourspending need to reined in?
Are you saving where you could be investing, orvice versa?
My number one tip: Be specific.
Figure outwhatgoals youre trying to reach,whenyou want to reach them, andhow muchyou want to save.
Think about your priorities going into the new year.
