Tips for Financial Health
- Stick to a budget – Know how much you can spend every month and stick to it! Keep track of your expenses.
- Have a plan on how to save – designate a percentage of your income that you will invest in savings. Do not wait until you have paid your expenses and discretionary income. Automatically deduct from your paycheck to a savings account.
- Pay off Credit Card debt – Although credit cards are convenient, you may end up paying significantly more than you would have with cash.
- Plan for retirement – Contribute to a 401(k) plan or another employer offered benefit and maximize your investment.
- Get an insurance checkup – Meet with your agent and see if there are ways to optimize your coverages.
- Set goals and check in with your banker – Your banker may have great insights into different ways for you to accomplish your goals.
