Financial Independence

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:

  1. Pay your credit card balances in full every month, and use them wisely.
  2. Create an emergency fund to cover three-six months of living expenses.
  3. Create a budget and track expenses. Our Money Manager makes setting a budget and tracking expenses easy! Login to Digital Banking to get started.
  4. Review your statements monthly to monitor and review your financial situation.
  5. 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.
  6. Don’t impulse buy. Do your research and review your financial situation before making larger purchases.
  7. Contribute to your retirement fund.
  8. Invest in quality insurance.
  9. Adjust your tax withholding so you break even.
  10. Pay down your mortgage. Even a few extra payments can make a big difference.