In 2025, 5 financial experts provide crucial advice for managing your money.

• Financial stability is top of mind for many Americans heading into 2025.
• The Advisor Council on CNBC features five financial planners discussing the financial goals households should aim for in the upcoming year.

Many households are preoccupied with managing their personal finances as they prepare to welcome the new year.

In a recent Allianz Life survey, about 38% of Americans identified financial stability as their top priority for 2025.

Certified financial planners on CNBC's Financial Advisor Council shared their top resolutions for households for the upcoming year.

Here's the financial advice they offered.

Kamila Elliott, Co-founder and CEO of Collective Wealth Partners

Stick to your budget and maximize retirement contributions by setting a personal financial goal, such as paying off credit cards or investing an additional $100 a month in an investment account.

Barry Glassman, Founder and president of Glassman Wealth Services

By monitoring their spending for three months, individuals can gain insight into their spending habits and make changes to their behavior.

Marguerita Cheng, CEO of Blue Ocean Global Wealth

It's crucial for everyone to address estate planning, even for an 18-year-old heading off to college in Fall 2025. I had my daughter complete a health care and financial power of attorney before I sent her off to college.

If people feel overwhelmed with the estate planning process, I suggest starting with a financial and health care power of attorney.

Estate planning is a great chance to reevaluate life insurance policies. Additionally, it can assist individuals in locating retirement plans from previous employers. If a trust is suitable for their circumstances, a will and trust may be beneficial.

The cost of living like the 'Home Alone' family today is more than what it was in the past. Only 21% of workers contribute to a Roth 401(k) today, compared to a higher percentage in the past. Higher for longer' interest rates benefit cash accounts, which means that people can earn more money by keeping their money in cash accounts for a longer period of time.

Lee Baker, founder, owner and president of Claris Financial Advisors

Review all your insurance coverages, even though it's not a widely discussed topic.

If you can't generate an income, you may struggle to replace your car or rebuild your home.

2. Spend some time reviewing your tax strategies and retirement planning:

• Do you require minimum distributions? Would making Qualified Charitable Distributions enhance your overall financial situation?
• Here's a chance to enhance your portfolio's overall performance through tax loss harvesting.
• Are you making the most of your health savings account and retirement plan contributions as an employee?

3. Review your cash flow:

To get rid of your financial hangover from overspending during the holidays, now is a good time to create a plan. Review your personal interest rate environment and consider your options. With the Federal Reserve cutting rates, there may be more to come, so take stock of your financial situation.

Cathy Curtis, founder and CEO of Curtis Financial Planning

1. Automate savings:

One advantage of corporate retirement plans, including 401(k) and 403(b) plans, is that contributions are automatically deducted from an individual's paycheck each month and then invested in a predetermined set of funds.

To achieve other financial goals, it's wise to establish an automatic transfer from a checking account to a savings or investment account. The initial step is to decide on the amount to save based on cash flow, followed by setting up a monthly or quarterly transfer. After that, the process becomes effortless and the savings will accumulate over time.

2. Manage overspending:

To tackle overspending, the initial step is to pinpoint spending vulnerabilities, such as household furnishings, electronic devices, clothing, travel, or jewelry. Next, record the amount spent in the problem category. One effective method to obtain the figures is to examine the year-end credit card statements. Then, establish a budget that is 20-30% lower than the amount spent in 2024 and set it as the objective for 2025. Monitor spending monthly using a spreadsheet or app to keep the budget in mind.

3. Stay invested no matter the headline news:

If the end of 2024 is any indication, 2025 is likely to be a turbulent year in the stock market. With a new presidential administration coming in, global wars, inflation, and uncertainty around the projection of interest rates, there are many factors to worry about. However, decades of history show us that the market will go up over longer periods, and the smartest move a long-term investor can make is to keep investing and stay invested.