What’s Trending in Personal Finance? The Most Popular New Year’s Resolutions for 2025
Are you making a New Year’s resolution this year? If you’re like many Americans, your goals may center around getting your finances in order. Whether it’s budgeting smarter, tackling debt, or finding ways to save, the start of a new year always feels like the perfect time to reset and build healthier money habits. But with inflation still on everyone’s minds, navigating these goals in 2025 comes with its own unique challenges—and opportunities.
Inflation is still the biggest worry for 2025.
56% of Americans say inflation is their biggest financial concern for 2025; more than 3 in 5 Americans expect to spend less money on New Year’s plans this year than last year due to rising costs.
~Robyn Goldfarb, A Dime Saved
In her article, Robyn Goldfarb explores the most popular financial resolutions for 2025, based on a WalletHub survey. She notes that although inflation remains a top concern, many people are optimistic about improving their financial well-being this year. From creating a realistic budget to paying bills immediately after payday, the article offers practical tips to take control of your money. Goldfarb also emphasizes the connection between physical and financial health, suggesting that better lifestyle habits can positively impact your wallet. Ready to kickstart your financial journey? Check out the full article for detailed advice and inspiration!
What Is Imputed Income? Meaning And Examples
Have you ever thought about how non-cash perks from your employer might impact your taxes? While you may just think about paying tax on just your salary, if your employer is generous, you may have other items you might need to pay taxes on. Whether it’s a gym membership or a company car, these benefits can have tax implications that many people overlook. Imputed income is the concept that ensures certain perks are treated like regular income for tax purposes, so that people can’t avoid taxes by getting paid in goods and services (like housing and cars) instead of cash. If you’ve ever wondered what employer benefits are taxable and what you can get from your employer tax free, diving into this topic can help you avoid surprises come tax season.
While it might not seem like a big deal, imputed income can impact your taxable wages, your tax bracket, and even your financial planning
~CuraDebt.com
This article from CuraDebt breaks down imputed income in an approachable way, explaining what it is and how it applies to common perks like some forms of life insurance, housing allowances, and low-interest loans. In addition to spelling out some common cases of benefits that must be included as imputed income, it also clarifies which benefits are excluded, such as health insurance premiums or on-premises meals provided for an employer’s convenience. The article provides actionable advice on how employers and employees can report imputed income correctly to avoid penalties, highlighting the importance of staying compliant with IRS rules (although it is always best to check with a tax professional if you have any doubts). Curious about the finer details? Check out the full article to get the full scoop and practical tips for navigating imputed income.
Physical and Financial Risk of Impending Polar Vortex
Have you ever considered that extreme winter weather might impact more than just your wardrobe? Polar vortexes bring more than just icy temperatures—they come with significant physical and financial challenges. As frigid air sweeps across much of the United States over the next few weeks, people are bracing for snow, freezing rain, and sub-zero conditions. These storms affect daily life, from canceled flights to delayed deliveries, making preparation and awareness critical.
Extreme cold results in increased energy consumption as people turn up their thermostats. As a result, electric and natural gas prices rise. If declining temperatures push energy consumption enough – power grids can be overwhelmed.
~Max Erkiletian, SavingAdvice.com
In his article, Max Erkiletian explains the upcoming polar vortex and its implications. He highlights the harsh weather’s potential to disrupt power grids, increase energy costs, and even threaten agricultural crops like Florida’s citrus. Erkiletian offers practical advice for staying safe, such as stocking up on essentials like canned food and flashlights. Beyond personal preparation, he sheds light on the financial toll these storms can take, from school closures to damaged infrastructure. Ready to face the freeze? Dive into Max’s full article for more insights and tips on staying prepared.