It's Time to Take Your (Financial) Position

Whether you’re living paycheck to paycheck, overspent over the holidays or are looking to improve your money habits, finding yourself on better financial ground is something we all should strive for this year. Do you know where to start?

Take Your First Financial Steps

You’ve already accomplished the first step—becoming aware that your financial habits need to be changed.

Next, you want to sit down with your paycheck and your receipts from the last two to three months. How much are you bringing home every month? How much are you spending each month? Is your spending higher than your take-home pay? Is there any room for an emergency fund or contributing to your 401K? If the numbers aren’t quite adding up, it’s time to make some changes. See where you can cut your spending or find ways to increase your monthly income.

You also want to work on paying down debt, whether it’s a hospital bill, student loans, credit card debt or all of the above. Carrying debt is like carrying financial stress with you everywhere you go. Stop! It’s now time to let the unnecessary baggage go to a land far, far away. Start by paying down the debt account with the highest interest, and snowballing—paying off one bill, then the next and so on—your debt from there. To learn more about how to eliminate your debt, click here.

Are you ready to establish a “rainy day” fund in 2017? Stop by our office to find the savings account option that best meets your needs.