Top 10 financial new year resolutions that you can’t afford to miss out on in 2025
Live MintHappy New Year 2025: One of the top priorities for many people in 2025 is improving financial health. 4)Build an Emergency Fund The emergency fund has always been an essential element of personal financial management, and when embraced in the new year, it is even more so. Industry experts advise combining government-backed initiatives like the Employees' Provident Fund and the National Pension Scheme with tools like systematic investment plans to develop a diverse, growth-oriented strategy. Individuals can reduce their taxable income or benefit from the tax law's deductions, and exemptions by employing a variety of tax-saving strategies like investments in PPF, LIC, NPS, ELSS, and others 7) Income tax planning Effective income tax planning is crucial to minimising fines and possible refunds.