Why now is an ideal time to do a financial reset, advisor says [Video]

More than half of U.S. consumers planned to make a financial resolution for 2025, according to a December poll by Discover Personal Loans. 

Even if you didn’t ring in the new year with some money goals in mind, it’s not too late to set some, experts say. In fact, now is a great time to get started.

“The ideal time for financial reset is usually at the beginning of the year,” said financial advisor Jordan Awoye, managing partner of Awoye Capital in New York City. “You’re able to start from scratch, see what you’ve done the year prior, and just have a clean slate.”

It helps that the 2025 tax filing season will begin on Jan. 27. You can consider your priorities and goals for the year ahead as you review your finances from last year, Awoye said.

Saving and earning more, spending less, improving credit scores, building an emergency fund, …