As we move into the final part of the year, it can be a natural time to reflect and prepare for what’s ahead. While no one wants to wish away the last few months of 2025, taking stock now may help you feel more organised and confident as we head into 2026.
Here are five practical steps you might find useful to consider before the year closes:
Review your direct debits
Some direct debits are unavoidable, like utility bills or phone contracts. Yet, this could be a good opportunity to check if you’re still using all your subscriptions. Streaming or music services can add up, and you may find there are one or two you no longer need.
Reflect on your savings approach
Think about how you’ve managed unexpected costs this year. Did anything help you cope better, such as a dedicated savings pot or budgeting habit? Carrying those ideas forward could help you feel more prepared for next year.
Plan for seasonal spending
With Christmas just around the corner, many people notice their spending increases. Mapping out unexpected costs in advance – such as gifts, food, or social events – may help spread out the expense and avoid last-minute pressure.
Set realistic goals for 2026
Take a moment to reflect on your financial goals. What went well this year and what could be improved? Setting realistic goals, based on your own circumstances and habits, could help keep things on track without adding unnecessary pressure.
Recognise your progress
This year has continued to be shaped by higher costs of living, with many households noticing increases in everyday expenses. So, it’s important to acknowledge the progress you’ve made, no matter how small. Reaching any savings milestone is an achievement worth celebrating.
It’s never too early to start planning for a new year, but it’s also important to give yourself credit for the steps you’ve already taken. A little reflection now could help you head into 2026 feeling more prepared and more positive.
