Are you ready to declare your financial independence? Now is a good time to decrease debt and experience the freedom of a financially smart lifestyle. Here are 10 tips to help you get started:
- Pay your credit card balances in full every month, and use them wisely.
- Create an emergency fund to cover three-six months of living expenses.
- Create a budget and track expenses. Our Money Manager makes setting a budget and tracking expenses easy! Login to Digital Banking to get started.
- Review your statements monthly to monitor and review your financial situation.
- Set money aside for big purchases with auto savings. Save a little each month for vacations, Christmas and unexpected big purchases. You can set auto transfers with Digital Banking or contact an associate for assistance.
- Don’t impulse buy. Do your research and review your financial situation before making larger purchases.
- Contribute to your retirement fund.
- Invest in quality insurance.
- Adjust your tax withholding so you break even.
- Pay down your mortgage. Even a few extra payments can make a big difference.