Many people think of the New Year as a time to get in shape, but have you ever considered getting your wallet into shape? With the fresh start of a new year, now could be a great time for you to tackle some new resolutions that can help your finances and secure your future! Here are four attainable financial resolutions for you to try in 2018.
- Develop an Organization Plan to Stay on Top of Your Finances
The first step to getting on top of your finances is knowing when, where, and what you spend money on. To do this you have to have an organization system. There are apps for this, you could use a spreadsheet, or make it part of your bullet journal. The important thing is you find an organizational process that works for you so you stick with it.
- Commit to No-Spend Days
No-spend days are exactly what they sound like, a day where you spend 0 dollars. Committing to no-spend days once a month or week can help you better understand all the little purchases you make in a day, like bottled water or to-go coffee. Then you can plan ahead so you don’t spend and save some money on your no-spend days too!
- Fast-track Debt Pay-off Goals
Instead of saying you will pay off all your debt this year (a lofty goal) instead aim to just increase your payments on a debt pay-off goal you already have in place. Whether you have credit card debt or student loans, just contributing 50 extra dollars a month can make a big difference in how quickly you reach your goals!
- Check Your Statements Regularly
Do you know how much is in your account at any given time, or what your credit card balance is at the end of every week? If you’re not checking your statements regularly you could be hurting your chances at financial goal success. If you operate under the “as long as my card isn’t declined I’m good” system, make your 2018 resolution to check your accounts daily. Our mobile banking app makes it easier than ever!
No matter what your financial resolution is for 2018, PCU is here to help you! If you want some help in learning more about investing and options that make sense for you and your family you can talk to one of our financial advisors or we can help you consolidate your student loans to pay them off sooner! Big or small, we can help you achieve any of your goals this year!
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