9 important money moves to make before the end of the year

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The end of the year is more than just holiday parties and last-minute shopping—it’s also your chance to give your finances a strong finish. Before the calendar flips, there are a few smart money moves that can help you lower your tax bill, boost your savings, and set yourself up for a more secure 2026.

9 end-of-year money moves to tackle now

Completing these banking tasks before year-end can help set you up for financial success in 2025.

1. Perform a budget checkup

Creating a budget is crucial, but it shouldn’t be set in stone. Your financial situation and priorities may have changed since the start of 2025.

Compare your monthly spending amounts with the amount you expected to spend. Did you spend more, less, or about the same?

If you spent more than you expected, you may need to come up with a plan to reduce your spending and/or increase your income in 2025. Alternatively, if you spent less than expected, it may be time to bump up your savings and investment contributions.

Read more: Your complete guide to budgeting

2. Shore up your emergency fund

Maintaining an emergency fund is one of the most important steps you can take to protect the health of your finances.

Why? Without an adequate emergency fund, you might be forced to turn to credit cards or other forms of high-interest debt if you lose your job, experience a medical emergency, or are surprised with a major unplanned expense.

To prevent this from happening, experts typically recommend having enough liquid funds to cover at least 3 to 6 months’ worth of living expenses. But if you are self-employed or have an unpredictable income, you may need more.

So, take a look at your current savings and decide whether you need to work on building a bigger safety net. If so, determine how much you can afford to set aside each month and start contributing to a high-yield savings account that you can easily access when needed.

Read more: How much money should I have in an emergency savings account?

3. Use up FSA money

A flexible spending account (FSA) is an employee benefit that allows you to set aside money for healthcare expenses. The money in an FSA is contributed pre-tax, and you can use it to cover qualifying expenses such as deductibles, co-payments, coinsurance, and some drugs.

FSA contributions are limited to $3,300 per year. If you are married, your spouse can contribute the same amount through their employer’s plan.

While FSAs can provide tax savings for eligible healthcare expenses, you generally must use the money in the account within the plan year. If you don’t, you may lose the money in the plan (though some employers offer leeway in the form of grace periods or carry-overs).

If you currently have money sitting in your FSA, consider using the remaining funds before the end of the year. Contact your employer for details about which expenses are covered under your plan.

4. Audit your subscriptions and cancel the ones you don’t use

According to C&R Research, the average consumer spends about $219 per month on subscriptions. However, the same consumers estimated they only spent $86 per month. This subscription creep could be costing you over $2,500 per year without even realizing it.

Review your bank and credit card statements to spot subscriptions you rarely use (or even forgot you had) and cancel them. To simplify the process, consider using a service like Rocket Money to identify recurring subscription costs.

Read more: How do I stop automatic payments from my bank account​?

5. Make health appointments before your deductible resets

Your deductible on an insurance plan is the amount you must pay out of pocket before your insurance provider starts to pay. These deductibles generally reset on Jan. 1.

If you have already reached your deductible for the year, take advantage of reduced health costs and make any outstanding medical appointments by the end of the year. If you wait until next year, you’ll once again need to reach your deductible before insurance kicks in.

Read more: Is health insurance tax deductible? Here's what you can claim.

6. Max out tax-advantaged accounts

Accounts that offer tax advantages, such as 401(k)s, individual retirement accounts (IRAs), and health savings accounts (HSAs), are powerful ways to save and invest. Contributions to these accounts reduce your taxable income, helping you get a bigger refund — or at least, a lower tax bill — when you file taxes in April.

You have until April 15, 2026 to contribute the maximum allowable amount for tax year 2025. So, if possible, aim to max out your contributions by the deadline, if not sooner. If that’s not financially possible, but your employer offers matching contributions on your 401(k) or similar plan, make sure you are at least contributing enough to get the highest match available.

Read more: How much can you contribute to your 401(k) in 2025?

7. Re-evaluate taxable investment accounts

While often not as critical as tax-advantaged accounts, taxable brokerage accounts have benefits. One of the biggest is the ability to make penalty-free withdrawals at any time. Additionally, you often have more freedom in investment selection than you would with a 401(k).

If you invest using taxable accounts through an online brokerage or elsewhere, there are some basic tasks you should do at least once a year. Perhaps the most important is rebalancing, which involves selling investments above your target allocation and buying ones below your target allocation. You can also perform tax-loss harvesting, selling underperforming investments to offset capital gains.

8. Pay down high-interest debt

High-interest debt can significantly strain your finances, so reducing or eliminating it can help you start off 2026 on better financial footing.

Fortunately, debt reduction doesn't have to be all or nothing. If you're currently making the minimum payment on your credit card bill, consider paying just an extra $50 monthly. This will help reduce your balance faster and significantly lower the amount of interest you pay in the long run.

Read more: What's more important: Saving money or paying off debt?

9. Consider refinancing

If you are currently making monthly payments on a large loan, such as a car loan or mortgage, check your current interest rate against today’s rates. The Federal Reserve recently cut the federal funds rate, which means interest rates on loans and credit cards have also been falling. Refinancing could save you a lot of money if rates have dropped since your purchase.

Keep in mind that the exact rates you qualify for will depend on your income, credit score, and other factors. Additionally, there can be origination fees and other costs when refinancing. So crunch the numbers and see how much refinancing could potentially save you before applying.

Read more: Want to refinance your mortgage? Here are 7 options.

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