SPENDING IS OUT, LOUD BUDGETING IS IN!
Finance expert offers tips on how to set financial goals and maximize your savings this year

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BACKGROUND:
One of the growing trends on social media is loud budgeting: proudly turning away from lavish spending in favor of saving money and finding more affordable ways to do the things you love, and your tax return can help you achieve your goals even faster. Whether you’re planning to invest it, save it, spend it, or a combination of the three, personal finance expert Carlos Garcia has a few helpful tips to help you make the most of your return and improve your financial situation in 2025.

Carlos offers tips and ideas on how you can make your tax return work for you. In this segment, he expands on the following:

• Reduce your high interest debt by reducing your variable expenses such as eating out and entertainment. Set realistic goals by month and measure your progress.
• Create a budget for 2025 using the 50/30/20 rule: 50% of your money goes to needs, 30% to wants, and 20% to savings and investments.
• Automate your monthly bills and your monthly savings.
• Split your bills for maximum savings. Whether roommates, boommates, best friends or exes, go in on a “family” phone plan together. Look for family plans with perks like free phones or help you save on other expenses. Metro by T-Mobile is offering free Samsung Galaxy A16 phones for new customers and Metro Flex Plus customers get an Amazon Prime membership.

For more information, please visit: metrobyt-mobile.com

MORE ABOUT CARLOS GARCIA:
Carlos Armando Garcia is the founder and CEO of Finhabits, the first bilingual digital investment advisor (English/ Spanish) focused in wealth and health generation. Originally from El Paso, Texas, Carlos is a graduate of MIT with a degree in Electrical Engineering and Computer Science. Finhabits is Carlos third Innovation (Madison Quant Labs; Fundspire) having 15 years of financial experience working on Wall Street. Carlos is married and has two wonderful daughters and lives in NYC.

Produced for: Metro by T-Mobile