Do you feel like you are spending just a bit too much money? You might be right. Here are three signs you need to curb your spending habit before it is too late.
You can’t pay the balance on your credit card. If you are relying on your credit card to pay your bills or act as your emergency fund, then you may need to cut back on your spending. If your credit card balance is more than you can pay off at the end of the month, make a plan to charge only what you can actually afford.
You don’t have an emergency fund. Your emergency fund is your safety net, it’s not your credit card or savings account. It’s meant to be there in case a big financial emergency occurs and you need the money. Emergency funds reduce your anxiety around money and give you the freedom to know that if something were to arise, you are covered. If you don’t have an emergency fund, stop by your local SeaComm branch and choose between a variety of savings options to fit your needs!
You are living paycheck to paycheck. Living paycheck to paycheck is an unstable way to manage your money. If you can’t make your paycheck last between your pay cycles then you should learn to budget better and spend less on unnecessary items. Regardless of how much you earn, it is important to have a system in place that allows you to plan your expenses and manage your finances.
To help you manage your money, SeaComm offers a free, online financial management service! This complimentary feature helps you to budget and track your expenses, and can be accessed through SeaComm’s online banking platform, NetTeller™. Click here to get started.
SeaComm members also have access to GreenPath Financial Wellness, which provides you with debt management services, free one-on-one financial counseling, financial education tools, and more. Click here or call (800) 550-1961 to discover how this program can lead you to a brighter financial future!