Improve your finances for the New Year

With the holiday hustle and bustle behind you, it’s time to sit down and evaluate the past year. If you’re looking for a fresh start in 2017, your finances are a good place to start.

Identify your goals

Reflecting on the past year can help you rework your budget for the next. Think about the financial progress you’ve made in 2016 and where you need to improve. This will help you make necessary changes for 2017. What do you plan to accomplish? What do you need to make it happen? Remember to keep your goals realistic and to remain motivated.

Evaluate your credit

Do you plan on making some big purchases in the New Year? If so, now is a good time to review your credit report and address any issues. Make it a priority to pay down debts to improve your credit score. This can improve your chances of low interest rates, credit card approval and much more. By law, you’re allowed a free copy of your credit report every 12 months from each credit reporting company. Visit www.annualcreditreport.com to request yours now.

Establish a savings plan

Make it a habit of putting aside a small amount of each paycheck into your savings. Building up this fund could also protect you in the case of emergencies. Developing this discipline will help put you on better financial footing in the future. To learn more information about our savings account options, visit our website.

Annual Credit Report Savings Account