If you can’t remember the last time you “spring cleaned” your finances, then don’t wait another season to get them in order! We’ve put together four tips to help you out…continue reading to get started.
1. Dust Off Your New Year’s Resolutions
New Year’s resolutions get stale as soon as the calendar hits February. Why sell yourself short when your goals are still within reach? Use the fresh energy and renewal of spring to revisit the list of resolutions you penned back at the end of 2020. What were your budgeting goals? What were your savings dreams? Have you achieved any of those goals? If not, what’s holding you back?
Go through your financial goals one at a time. Did you overreach? Were you irresponsible? Tweak and adjust as necessary, create a new tracking system if the existing one isn’t working, and then make it happen!
2. Sweep Out Your Monthly Budget
Now that you’ve taken stock of your resolutions, take a good look at your monthly budget. Review your spending habits of the last few months. What are your weak spots? Where can you cut back? Have you been allotting too much money for one category and not enough for another? With SeaComm’s Mobile Branch, you can review your spending patterns, make payments using Bill Pay, set up text banking and alerts, and much more. Click here to get started!
3. Pile Up Your Savings
Once you’ve started to cut down on your spending habits, why not use the extra money to bump up your savings? You can add to an existing fund, build a new one, open a Share Certificate or lock the funds away in a club account. Click here to learn more about the best savings options at SeaComm!
4. Toss Your Debt
Paying down debt is easier said than done, but you can do it with the right plan in place. Review your debts and pick one to tackle first. It can be the debt with the smallest amount owed or the one with the steepest interest rate. After you’ve paid down this debt, move onto the next one. Accelerate its payoff by applying the total payment amount from your first debt to the new one – in addition to the regular payment you were making on it.
With SeaComm’s loan pre-approval program, LoanEngine™, you might already be pre-approved for a consolidation loan! If you qualify for a pre-approved offer, you’ll be presented with it through our SeaComm Mobile app or NetTeller™ in the “My Offers” tab, via email, and/or a letter through the mail. Click here to login to your NetTeller™ to view your current offers. If you don’t have any offers at this time, be sure to check back every 60 days.