Resolve to Shape Up Your Finances
3 STEPS TO ACHIEVE BETTER FINANCIAL FITNESS
The start of a new year means new resolutions! And while the most popular resolutions tend to focus on physical health, the start of a new year is also a perfect time to prioritize your financial wellness. Here are three steps to help shape up your finances and establish financial goals you can actually keep.
Create a budget and stick to it.
A budget is an organized list of your sources of income and the money you spend on essentials like housing and food, fun things like dinner and a movie, and what you need to save for the future. Just as using a map to make sure you reach your destination, budgeting is a tool that helps you realize your financial goals. It can help you navigate those moments when you experience financial difficulties. You can take charge of your finances by setting financial goals, planning a budget, and sticking to it.
Open a savings account and set up automatic transfers.
Saving is important for many reasons, including for unexpected expenses such as car repairs, medical emergencies, and possible unemployment, and for planned needs such as vacations, college tuition, or retirement. A budget can also help you reduce your debt. Treat your savings account like any other monthly bill by making automatic payments to it. Automating the process lets your savings grow unattended, so you don't have to think about it on a daily basis. Transferring funds this way can help you limit your spending and save for your future.
Never miss a payment when you use online Bill Pay.
Payments made easy, convenient and secure. Pay your bills online with our Bill Pay option. Simply log into your Online Banking account and select the Bill Pay tab. You can have your billing statements delivered to you in one central place, then schedule payments by the due date. Set up a reminder and never make a late payment again! Also, you can pay from multiple checking accounts and schedule reoccurring payments.