3 Tips to Reach Your Savings Goals in 2025

You're not alone if you have financial goals for the upcoming year. One common New Year's resolution is to save more money, and it's an excellent goal to set. Having extra money set aside can make it much easier to navigate difficult financial situations.

Now is the perfect time to plan so you achieve your savings goals by the end of 2025. With the right strategies, you can reach greater success. Ready to start saving? Here are a few tips to help you reach your savings goals in 2025.

1. Break your savings goal into manageable chunks

Start by setting a specific savings goal for the upcoming year. Let's imagine you want to save $3,000. Once you have an initial goal, it can be helpful to break it into more manageable chunks. Staring at a big number may feel overwhelming, so setting smaller milestones may help you stay motivated because you can celebrate small wins along the way.

Here are a few ways to break your $3,000 savings goal into smaller goals:

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Capital One 360 Performance Savings Member FDIC. APY 3.80% Rate info See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of Dec. 6, 2024. Rates are subject to change at any time before or after account opening. Min. to earn $0 Open Account for Capital One 360 Performance Savings On Capital One's Secure Website. Member FDIC.	3.80% Rate info See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of Dec. 6, 2024. Rates are subject to change at any time before or after account opening.	$0	Open Account for Capital One 360 Performance Savings On Capital One's Secure Website.
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• Save $750 every quarter
• Save $250 every month
• Save $115.39 every two weeks
• Save $57.70 every week

These smaller milestones may feel more approachable. Setting smaller goals also gives you a clear picture of how much money you'll need to set aside on a regular basis to achieve your desired result by the end of 2025.

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3. Automate the process

This next suggestion has been a game-changer for me as I work to reach my savings goals. I recommend automating the savings process. Instead of having to remember to manually move money into your savings account regularly, you can use automation.

You can set up automatic transfers through your bank. Once you do this, the amount of money you choose will be transferred from your checking account to your savings account as often as you'd like.

This strategy can save you time and help you stay on track. You won't run the risk of forgetting to set aside money, and you'll be more likely to achieve your goal when you're consistent.

3. Keep your savings in a separate account (that earns interest)

My final tip is to avoid stashing your savings in your primary bank account. If you keep your savings fund in your checking account, you may be tempted to spend it. It's also wise to keep your savings in a bank account that earns interest.

I suggest keeping your savings fund in a high-yield savings account. They tend to offer more competitive APYs than traditional savings accounts, so you can earn more interest while your money sits in the bank. Every dollar you earn from interest is a win for your bank account balance.

Want to boost your earnings while you save? Click here to explore our curated list of top high-yield savings accounts with APYs of up to 4.75%.

Don't wait until the new year to set your financial goals

Whether you're hoping to save more money or pay off debt next year, now is the time to plan. Don't wait until January to set your financial goals. Doing goal-setting work and establishing a strategy now can give you more motivation in the new year.