It’s important to evaluate your money at year-end. Take advantage of bonuses, manage debt, prepare taxes, and adjust investments during this time.
For a stable financial future in 2025, make sure your insurance is up to date and keep an emergency fund on hand. Now is an excellent time to take stock of your money as the year draws to a close. Not only is the end of the year a time for festivities, but it’s also an opportunity to plan your finances, reduce taxes, and prepare for a prosperous 2025.
This simple checklist will assist you in ending the year on a positive note, regardless of whether you’re a meticulous planner or you’re just catching up on your financial obligations.
a) Evaluate your investments and make any adjustments.
1. Examine the performance of your portfolio.
2. Adjust the distribution of assets.
3. Make use of tax-saving tools.
b) Make the most of your tax preparation
1. Optimise deductions under Section 80C
2. Remember section 80D. 3. Participate in NPS
4. Make timely advance tax payments
C) Address debt with high interest rates
1. Pay attention to credit card debt
2. Make house loan partial prepayments
D) Make strategic use of bonuses
How to proceed: