New year, new goals. According to a recent study, three in 10 Americans made at least one resolution last January — and more than half of them focused on financial or money-related goals. This adds up because financial stability is part of our overall wellbeing.
Creating balance can be easier said than done. That’s why Greenville Federal Credit Union is sharing seven realistic and attainable financial resolutions to consider. Think: Both short- and long-term goals.
Ideas you can bank on
- Save money by refinancing a loan at a better rate or term.
- Improve your credit score by implementing these four tips (but first, see where you stand).
- Manage credit card debt by opening a lower-rate credit card and transferring multiple balances to it for free.
- Set a monthly budget and stick to it (psst... personal financial management apps or software like My Budget Manager can help).
- Pay bills on time every month by setting up automatic bill pay.
- Start a retirement, college, or vacation savings account and set up direct deposit.
- Improve your financial literacy to take greater personal responsibility for your financial decisions, be more proactive and confident in your financial decision-making, experience less stress at home and at work, and be more productive.
Bonus: The average credit union member household saves more than $300 a year. How? Better loan and savings rates, fewer fees, and free services. Plus, members enjoy free direct deposit, payroll deduction, online banking, and bill pay. |
