Your 2025 financial report: five questions to ask yourself before December 31.

The end of the year always comes faster than we think. It's the ideal moment to take a step back and evaluate your financial situation in order to start 2026 on solid footing. Here are five essential questions to ask yourself before December 31 to make a true financial assessment of 2025.

1. Have I stuck to my budget this year?

Look at your actual expenses versus your initial budget. Are there categories that consistently overshoot? Which expenses were underestimated? This analysis will allow you to adjust your 2026 budget in a realistic way rather than falling into the same traps.

2. Have my financial goals progressed?

Emergency savings, buying a house, paying off debts, travel, retirement… Have you made concrete progress? If not, why? Lack of time, lack of clarity, or lack of structure? Readjust your goals so that they are specific, measurable and attainable.

3. Have I adequately protected my family?

Year-end is a good time to review life, disability, critical illness, and protections for children. Has your family or professional situation changed in 2025? If so, your protections should follow.

4. Am I paying too much in taxes?

A few simple adjustments can reduce your tax bill (RRSP contributions, TFSA optimization, income splitting, overlooked deductions). This question is crucial, because every dollar of tax saved is one more dollar for your projects.

5. Does my current situation reflect the life I want?

Your financial assessment isn't just about the numbers. Look at the whole picture: level of stress, mental load, balance between spending and pleasure. Your money should serve your quality of life, not the other way around.

Conclusion

Doing your financial review before the end of the year allows you to enter 2026 with clarity, intention and control. Take an hour to answer these five questions honestly — your future self will thank you.

Would you like us to review your 2025 financial position with you?

That's exactly our role. We can analyze your situation, identify opportunities to save, and help you start 2026 on solid footing. Contact us now.