How to Make Financial Goals Part of Your Daily Routine

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New Year’s resolutions can be easy to make, but hard to keep – especially without a plan in place. If your resolutions include financial goals, integrating simple habits into your daily routine to achieve them might be easier than you think. Here are steps you can take to make financial goals part of your daily routine, and why those steps matter.

Why Daily Habits Matter for Financial Success

Adding a new routine activity, no matter how big or small – into your already busy day might seem daunting. However, completing simple, achievable daily steps is one of the key actions you can take to reach your goals. This consistency will build discipline and confidence, and you will eventually consider these habits a “non-negotiable” part of your day. Furthermore, breaking a large goal into “bite-size” pieces can make that goal feel more attainable – as well as provide frequent checkpoints for tracking your progress.

Step 1: Clearly Define Your Goals and the Motivation Behind Them

An achievable goal is one that is clearly defined. A common framework for goalsetting is called SMART goals – which can help you create specific, measurable, achievable, relevant, and time-bound goals. Many goals fail because they are ambiguous, making it difficult to monitor progress and leaving you uncertain in how to achieve them. Additionally, goals can fail if they are clearly out of reach or you don’t have the means to achieve them given your current lifestyle. For example, if your goal is to save $1,000 a month but you only have $500 left after paying your monthly expenses – you might become discouraged from saving at all. SMART goals take uncertainty away to help ensure you cross the finish line.

If your goal is to pay off debt, you are more likely to have a successful outcome if it is structured as follows: “I will pay off $5,000 of credit card debt by December 31, 2026 by making a $208 payment plus interest every payday from the first payday of the year.” This goal is specific by mentioning the amount and type of debt, measurable every payday, and time-bound by setting a target payoff date. Click here to learn more about using SMART goals to achieve positive outcomes.

Another important part of setting goals is considering your why. Do you want to become debt free so you can purchase a home? Do you want to curb your impulse purchases to put more money toward your emergency fund? Your why will help you focus on the bigger picture.

Step 2: Personalize Your Routine with Daily, Weekly, and Monthly Habits

Personalizing your routine by creating daily, weekly, and monthly habits will make you more likely to reach your goals. Taking small actions in different frequencies will help make your goals feel attainable and easier for your current routine to accommodate new habits.

Let’s return to the financial goal of paying off $5,000 of credit card debt. A daily habit can be setting aside 5 minutes every morning to review your spending to ensure you’re on track to make your credit card payment. A weekly habit can be reviewing your budget to see if you have any upcoming expenses to plan for that could impact your debt repayment plan. A monthly habit can be reviewing your progress toward paying off the credit card – which gives you a chance to celebrate the progress you’ve made and stay motivated.

Step 3: Use Tools That Work for You

There are many tools out there claiming they will help you track your goals and create better money habits. While that may be true, the best tools to help you reach your goals are the ones you will actually use. If the thought of tracking your spending with a spreadsheet doesn’t excite you, deciding to use one might do more harm than good. Your success won’t necessarily come from a fancy budgeting app – it will come from the tools you use that make it easy to show up and work toward your goals every day.

Step 4: Automate When Possible

Automating your habits can help you make progress toward your goals even on the busy days. Back to the credit card example – setting up an automatic, recurring payment to your credit card can help make sure you never miss a payment.

Step 5: Hold Yourself Accountable, but Realize Progress isn’t Always Linear

Accountability is another important component of integrating financial goals into your routine. By checking in with yourself or a trusted individual, you can identify potential shortcomings early, come up with a plan to get back on track, and avoid shying away from uncomfortable conversations. Progress isn’t always linear – you might make great strides one week but fall short the next, and that’s okay! Be sure to celebrate your successes, and don’t be too hard on yourself if you don’t quite meet the mark one week.

If you live, work, worship, volunteer, or attend school in Monmouth or Ocean Counties and one of your financial goals in the new year is joining a credit union – get started in one of our local branches today, or give us a call at 732.312.1500.

The First Financial team wishes you continued success in the new year!

How to Rebuild Your Savings After the Holiday Season

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The holiday season is full of joy, connection, and extra spending. Between gifts, travel, hosting, and last-minute celebrations – it’s common to enter the new year feeling a little lighter in the savings department. If that sounds familiar, you’re not alone.

The good news? Rebuilding your savings after the holidays doesn’t require drastic changes or financial stress. With a few intentional steps and realistic goals, you can regain momentum and set yourself up for a stronger, more confident financial year ahead.

Here’s how to get started.

1. Start With a Clear Financial Check-in

Before you can rebuild, it’s important to understand where you stand. Take a moment to review your bank accounts, recent statements, and outstanding balances. This isn’t about judging past spending, it’s about creating clarity.

Ask yourself:

  • How much do I currently have in savings?
  • Did I dip into savings during the holidays?
  • Are there credit card balances I need to prioritize?

A clear picture helps you make informed decisions and sets a realistic foundation for next steps.

2. Reset Your Savings Goals for the New Year

If your savings took a hit, your previous goals may need adjusting and that’s okay. Instead of aiming for a large number right away, focus on rebuilding consistency.

Consider breaking savings into smaller, achievable goals, such as:

  • Rebuilding an emergency fund to at least one month of expenses.
  • Saving $500–$1,000 as a short-term cushion.
  • Setting aside money for upcoming expenses like spring travel or home projects.

Smaller wins add up quickly and help rebuild confidence along the way.

3. Make Saving Automatic

One of the most effective ways to rebuild savings is to remove the guesswork. Setting up automatic transfers from your checking account to your savings account ensures that saving happens consistently, even when life gets busy.

Start with an amount that feels manageable. Even $25 or $50 per paycheck can make a meaningful difference over time. Once it becomes routine, you can always increase the amount as your budget allows.

4. Adjust Your Budget Without Cutting All the Fun

Post-holiday budgeting doesn’t have to mean eliminating everything you enjoy. Instead, look for small adjustments that free up cash without feeling restrictive.

Try:

  • Reducing takeout or dining out (even by one meal per week, if you typically do this almost daily).
  • Pausing unused subscriptions.
  • Planning groceries and meals ahead of time.
  • Setting a short “reset period” for discretionary spending.

The goal isn’t perfection, it’s progress.

5. Rebuild Before You Spend Unexpected Money

Tax refunds, bonuses, or cash gifts can feel like an invitation to splurge. While it’s fine to enjoy a portion of any extra money, consider prioritizing savings first.

A simple approach:

  • Save a percentage (such as 50%).
  • Use the rest for debt reduction or planned spending.

This helps accelerate your recovery while still allowing room to enjoy the reward.

6. Keep Your Savings Accessible, but Separate

Keeping your savings in a dedicated account can reduce the temptation to dip into it for everyday expenses. Many people find it helpful to separate emergency savings from short-term or “fun” savings goals.

First Financial savings accounts offer easy access for our members, and peace of mind that your money is waiting there for you without unnecessary risk.*

7. Check-in Regularly (and Celebrate Progress)

Rebuilding savings is a journey, not a one-time fix. Schedule monthly check-ins to review progress, adjust goals, and recognize what’s working (or what’s not). Even small milestones like your first $100 saved again, or a full month of consistent deposits – are worth celebrating.

Start Fresh with Confidence

The holidays may have passed, but the opportunity for a fresh financial start is right in front of you. With intentional planning, consistent habits, and support from a trusted financial partner, rebuilding your savings is absolutely within reach. At First Financial, we’re here to help you every step of the way, because your financial well-being matters all year long.

Ready to take the next step? Our team is always available to help you explore savings options, budgeting tools, and strategies designed with your financial goals in mind. Contact us today or visit your local branch.

*A First Financial membership is available to anyone who lives, works, worships, volunteers or attends school in Monmouth or Ocean Counties. A $5 deposit in a base savings account is required for credit union membership prior to opening any other account. All personal memberships are part of the Rewards First program and a $5 per month non-participation fee is charged to the base savings account for memberships not meeting the minimum requirements of the program. View full Rewards First program details at firstffcu.com. Some restrictions apply, contact the Credit Union for more information.

Secret Santa Turned Scam: What to Know About the “Secret Sister” Gift Exchange

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The holidays are a time for generosity, connection, and giving back – which is exactly why scammers ramp up their activity this time of year. One scheme that resurfaces every holiday season is the “Secret Sister” gift exchange scam, often disguised as a Secret Santa-style tradition on social media.

While the idea sounds harmless and festive, this “gift exchange” is actually an illegal pyramid scheme designed to benefit only a few people at the top, while leaving most participants with empty hands and in some cases – lost money.

Here’s how the scam works, what to watch out for, and how to protect yourself and your family.

What Is the “Secret Sister” Scam?

This scam typically appears on platforms like Facebook, Instagram, and WhatsApp. A post usually invites you to join a gift exchange where you’ll:

  • Send one gift (often $10–$20 in value) to a stranger.
  • Add your name to a list.
  • Share the post with friends so more gifts come back to you.

The promise? If enough people join, you’ll receive multiple gifts in return.

In reality, very few participants ever receive anything. The system only works for the first few people at the top, making it a classic pyramid scheme – which is illegal in the U.S.

Why This Scam is So Dangerous

While it may seem like “just a gift,” this scam can lead to:

  • Financial loss.
  • Sharing personal information with strangers.
  • Increased risk of identity theft.
  • Friends unintentionally scamming friends.

Even worse, many people unknowingly help spread the scam by reposting it.

Common Red Flags to Watch Out For

If you see a post that includes any of the following, proceed with extreme caution:

  • Promises of receiving multiple gifts in return for sending just one.
  • Being asked to send a gift to someone you don’t know.
  • Instructions to copy and paste the post exactly as it appears.
  • Requests to share in multiple groups.
  • Pressure to act quickly.

If it sounds too good to be true, it usually is!

What to Do if You See the Scam

If you encounter a “Secret Sister” post:

  1. Do not participate.
  2. Do not share the post.
  3. Report the post on the social platform.
  4. Let the person who posted it know, as they may not realize it’s a scam.

Helping to stop the spread protects others in your community, too.

How First Financial Helps Keep You Safe

At First Financial, protecting your financial well-being is our top priority. Our team is always here to help you:

  • Spot common scams and fraud trends.
  • Secure your accounts.
  • Understand safe ways to give during the holidays.
  • Recover as quickly as possible if suspicious activity occurs.

If you ever have questions about a suspicious message or payment request – contact us right away. It’s always better to ask if you are unsure, than to risk your financial security.

The Bottom Line

The “Secret Sister” scam thrives during the season of giving because it taps into trust, generosity, and community – but true holiday spirit should never come with financial risk. This year, protect yourself and your loved ones by staying informed, trusting your instincts, and choosing safe, legitimate ways to spread holiday cheer.

To see more articles like this delivered to your inbox, subscribe to our First Scoop Blog.

Family-Friendly Holiday Activities on a Budget

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From decking the halls and shopping for everyone on your nice list, to joining in on festive activities that spread joy – the holiday season can quickly become the most expensive time of the year. Luckily, making the holidays feel magical for your family doesn’t have to come with a big price tag. Check out these low cost, family-friendly activities that are guaranteed to get the whole family in the holiday spirit.

1. Festive Walk or Drive to See Holiday Lights

Bundle up and embark on a festive walk or drive through a neighborhood that is decked out in holiday lights and classic character inflatables. Your community’s front yard displays can help transform an ordinary winter night into something special (without a price tag).

2. Holiday Movie Marathon

Bring the movie theater to your living room by hosting a holiday movie marathon! Decide on the perfect line-up of movies that will get you and your family in the spirit. Many holiday classics play free on various television networks throughout the season or can be rented on streaming services – often for a fraction of the price of movie theater tickets. Repurpose blankets, pillows, and cushions to create a cozy set-up. To elevate the experience even further, consider making a holiday-themed “concession stand” out of items you have in your pantry or that can be purchased affordably. Create a hot chocolate bar with all the fixings, make festive popcorn with holiday sprinkles, or bake seasonal cookies to enjoy.

 3. Make Homemade Ornaments

Turn your kitchen into your own version of Santa’s workshop by crafting homemade ornaments. With a few affordable supplies that can be found at local dollar and craft stores, you can create magical memories and holiday keepsakes. Not only will you end up with a Christmas tree of meaningful ornaments – they make great gifts for friends and family members, too.

If you’re looking for inspiration, check out these bead candy cane ornaments. All you need are pipe cleaners, festive colored beads, string, and ribbon!

4. Enjoy Local Events

Many towns host free or low cost events to spread holiday cheer in the community – and yours might be one of them! Keep your eye out for festive activities like Christmas tree or Menorah lightings, pictures with Santa and Mrs. Claus, and family-fun days with seasonal crafts and games. You can find activities like this posted on your town or county website, in public groups or forums on Facebook and Nextdoor, or from flyers around the community. If you’re in Monmouth or Ocean Counties in New Jersey, check out our monthly Things to Do on a Budget blog posts – which feature local, affordable, and family-friendly activities for the season.

5. Start a Gratitude Jar

‘Tis the season to reflect on everything you’re grateful for, and a gratitude jar can help you express gratitude each day of the holiday season! You can start this tradition by encouraging your family to set time aside daily to write a note expressing a moment – big or small, in which they are thankful for or that brought them joy. These notes should be dropped into your “gratitude jar,” which should be kept in a visible spot so that everyone remembers to add their note daily. At the end of the season, gather your family together to read notes from the jar. This is a great opportunity to reflect on the year and share one another’s favorite moments and memories. Plus, with the hustle-and-bustle of the holiday season – it can be easy to forget the simple things that brought a smile to your face this year.

6. Create Your Own Family Holiday Story

Tap into your family’s creative side to make a holiday story. To involve the whole crew, consider splitting up storytelling responsibilities. For example, the children can create the characters, and the parents can decide on a theme and plot. You might center your story around a task that must be completed as the clock strikes midnight on New Year’s Eve, or throw a festive holiday spin on the main character’s activities. After your idea has been developed, it’s time to bring the story to life by writing the narrative and adding illustrations. The magic of crafting a holiday tale is that the story can go wherever your imagination takes you. This activity will leave you with special memories and a story that can be incorporated into holiday traditions for years to come.

Subscribe to our First Scoop blog if you’d like to get monthly lists of low cost, family-friendly activities like this right to your inbox.

First Financial wishes you and yours a wonderful holiday season!

Holiday Tipping Etiquette: ‘Tis the Season to Show Your Appreciation

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As the year comes to a close, you may be looking for ways to thank the people around you who make your life easier. Tipping during the holiday season is your chance to show your appreciation to the service providers you rely on throughout the year.

While there is no one-size-fits-all rule when it comes to holiday tipping, a little guidance can help you strike the right balance.

Who should you tip? When considering whom to tip, think about the individuals who provide you with regular, ongoing services. This may include housekeepers, babysitters, teachers, dog walkers, or landscapers. If you live in an apartment or condominium, property staff, such as door attendants and maintenance workers, are also common recipients.

In addition, you don’t want to forget the people who provide you with personal care services, such as hairdressers/barbers, nail technicians, massage therapists, or personal trainers. Even mail and newspaper carriers and delivery drivers may warrant a holiday thank you.

How much should you give? The amount will depend on a variety of factors, such as your budget, geographic location, and relationship with the service providers.

For personal care providers, such as a hairdresser, a common guideline is to give the cost of one service visit. For other individuals with whom you may interact more frequently, such as a live-in housekeeper or nanny, a gift of up to one week’s pay may be more appropriate. For additional service providers, such as a garage attendant or newspaper delivery person, it is suggested that you give a cash gift of less than $30 or a small gift.1

If you live in an apartment or work in an office, fellow residents or coworkers may contribute to a pooled holiday fund for building employees.

Cash or gifts? While cash is often most appreciated, a thoughtful handmade gift can also be meaningful, especially if it is accompanied by a handwritten note.

Keep in mind that there may be instances where certain types of gifts are prohibited, so it is always best to check to make sure that a gift isn’t against a company’s policy. For example, United States Postal Service mail carriers are not allowed to receive cash gifts, checks, or gift cards.2 In addition, some workplaces may not allow employees to receive gifts of alcohol.

Questions about this topic? Contact First Financial’s Investment & Retirement Center by calling 732.312.1534.  You can also email mary.laferriere@lpl.com or maureen.mcgreevy@lpl.com

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker/dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. First Financial Federal Credit Union (FFFCU) and First Financial Investment & Retirement Center are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using First Financial Investment & Retirement Center, and may also be employees of FFFCU. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of FFFCU or First Financial Investment & Retirement Center.

Securities and insurance offered through LPL or its affiliates are:

1) The Emily Post Institute, 2025

2) United States Postal Service, 2025

The information provided is not intended to be a substitute for specific individualized tax planning or legal advice. We suggest that you consult with a qualified tax or legal professional.

LPL Financial Representatives offer access to Trust Services through The Private Trust Company N.A., an affiliate of LPL Financial.

Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

CRPC conferred by College for Financial Planning.

This communication is strictly intended for individuals residing in the state(s) of CT, DE, FL, GA, MA, NJ, NY, NC, OR, PA, SC, TN and VA. No offers may be made or accepted from any resident outside the specific states referenced.

Prepared by Broadridge Advisor Solutions Copyright 2025.

No Tax on Tips Deduction Explained

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With the enactment of the One Big Beautiful Bill Act in July 2025, a new deduction for tips is effective for tax years 2025 through 2028. Here is a summary of the new provision and the occupations that will be affected.

Deduction explained

Employees and self-employed individuals may deduct up to $25,000 per year of qualified tips, provided they work in an occupation the IRS views as “customarily and regularly” receiving tips on or before December 31, 2024. This deduction is available to taxpayers whether they claim the standard deduction or itemize.

Qualified tips include voluntary cash or card payments, whether given directly by customers or through tip sharing. Tips must be voluntary and do not include automatic gratuities and mandatory service charges. For self-employed individuals, the deduction cannot exceed their net income (before applying the deduction) from the business in which the tips were earned.

Eligibility details

  • Taxpayers claiming the deduction must provide their Social Security number.
  • Married couples must file jointly.
  • Married couples filing separately are not eligible.
  • Workers in excluded fields, such as health, performing arts, or athletics (and their employees), are ineligible.
  • Employers must report tips and occupation details annually to the IRS or Social Security Administration and provide statements to workers.
  • The total amount of qualified tips that can be deducted per calendar year is $25,000 regardless of filing status.

Deduction limitations

The deduction begins to phase out for single filers with Modified Adjusted Gross Income (MAGI) over $150,000 or over $300,000 for married couples filing jointly. The deduction is reduced by $100 for every $1,000 above these thresholds.

Qualifying jobs

In October 2025, the U.S. Department of the Treasury and the IRS published proposed rules listing the industries and occupations that qualify for the deduction, because tipping was customary and regular in these jobs before December 31, 2024. Here are the qualifying industries with some of the most common qualifying occupations.

  • Beverage and food service: Bartenders, wait staff, baristas, bussers, cooks, dishwashers, hosts, and bakers
  • Entertainment and events: Casino dealers, musicians, DJs, performers, ushers, ticket takers, and digital content creators
  • Hospitality and guest services: Bellhops, concierges, hotel desk clerks, and housekeepers
  • Home services: Cleaners, plumbers, electricians, landscapers, HVAC repair workers, and locksmiths
  • Personal services: Nannies, babysitters, tutors, pet sitters, photographers, event planners, and personal caregivers
  • Personal appearance and wellness: Hairdressers, barbers, massage therapists, nail technicians, estheticians, and tattoo artists
  • Recreation and instruction: Golf caddies, tour guides, fitness instructors, self-enrichment teachers, and recreational pilots
  • Transportation and delivery: Valets, taxi/rideshare drivers, shuttle drivers, delivery workers, charter boat staff, car detailers, and home movers

A detailed list of occupations can be found on the website of the Federal Register.

Workers in up to 68 occupations could see their tax burden reduced by the “no tax on tips” deduction.

IRS transition relief

For tax year 2025, the IRS will provide transition relief in the form of further guidance or additional time for qualified taxpayers and employers to adapt to the new reporting requirements.

The “no tax on tips” deduction will likely affect many tipped workers in the hospitality, food service, personal care, delivery, and other industries. Both taxpayers and employers should stay updated on all reporting changes and compliance requirements.

Questions about this topic? Contact First Financial’s Investment & Retirement Center by calling 732.312.1534.  You can also email mary.laferriere@lpl.com or maureen.mcgreevy@lpl.com

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker/dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. First Financial Federal Credit Union (FFFCU) and First Financial Investment & Retirement Center are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using First Financial Investment & Retirement Center, and may also be employees of FFFCU. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of FFFCU or First Financial Investment & Retirement Center.

Securities and insurance offered through LPL or its affiliates are:

The information provided is not intended to be a substitute for specific individualized tax planning or legal advice. We suggest that you consult with a qualified tax or legal professional.

LPL Financial Representatives offer access to Trust Services through The Private Trust Company N.A., an affiliate of LPL Financial.

Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

CRPC conferred by College for Financial Planning.

This communication is strictly intended for individuals residing in the state(s) of CT, DE, FL, GA, MA, NJ, NY, NC, OR, PA, SC, TN and VA. No offers may be made or accepted from any resident outside the specific states referenced.

Prepared by Broadridge Advisor Solutions Copyright 2025.