January is a great time for a financial shake-up. Naturally, we love a financial trend, but not all are born equal – and not all ideas stand the test of time. As we shoe our financial ‘outs’, well, out the door, we also welcome ‘in’ new ideas. Keep reading to find out what we think the year has in store.
Buy now, pay later – shifting the financial burden of purchases to the future always felt uneasy. For 2025, we think it’s time to bring back the traditional save first, buy later approach. Some say it’s about the journey and not the destination.
FIRE (financial independence, retire early) – whilst this trend has been useful in starting conversations around financial priorities, we feel it’s a little too extreme. Being in control of your finances doesn’t mean sacrificing everything in order to save – it means balance.
Logomania – with micro-trends such as ‘quiet luxury’ entering our radar in 2024, it’s time to give overpriced, over-branded clothes the boot (or trainer) for good.
Financial judgement – you can still live within your means and treat yourself to an overpriced latte or avocado toasts now and again…
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Financial therapy – as conversations around mental health become part and parcel with every day, so should conversations around financial well-being. It’s a two-way street, where financial stresses can affect mental well-being, whilst well-being factors also affect the way we spend.
Debt snowflaking – paying off debt doesn’t have to be a big deal. Even if it’s a small amount, every little helps, and eventually, the pile you’ve been chipping away at will reduce to nothing.
Buying local – seeing ‘farm-to-table’ on a menu tends to make our wallets scream, but putting in the time to check where groceries are coming from and adjusting purchases accordingly is never a bad thing.
Financial education – prioritising and improving your financial literacy is crucial to meeting your long-term financial goals. Start with relevant books and blogs to expand your knowledge.
