SeaComm Federal Credit Union OFFICIAL BLOG

How to Spring-Clean Your Finances

Nothing calls for a better time to get organized as the spring cleaning season – and this applies to your finances, too! Here are four simple ways to spring clean your finances and improve your financial outlook. 

Refresh your budget. Spring is a great time to review your monthly budget. Take a look at your spending habits from January until now. Are there certain areas where you can cut back? Have you been spending too much money in one category and not enough for another? With SeaComm’s mobile app, 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!

Boost your emergency fund. Ideally, you should have an emergency fund with 3-6 months’ worth of living expenses to help provide a financial buffer during unexpected occurrences. If you don’t have this kind of money saved up, consider starting with a regular savings account, and schedule automatic transfers to your account each time you are paid. This will help you along on the road to building a sufficient savings!

Focus on your retirement. Spring-cleaning your finances is the perfect time to review your retirement planning efforts.It is important to save as much as you can, but not more than you can. Retirement should be your savings priority, ahead of other long-term savings, simply because you can’t get a loan to retire, but you can for everything else. An Individual Retirement Account (IRA) with SeaComm is a great way to build your nest egg. There are no monthly fees, no minimum balance requirements, and dividends are paid to you on a monthly basis. Click here to learn more.

Tackle your debt. Paying down debt is easier with the right plan in place. Review your debts and pick one to pay off first. It can be the debt with the least amount owed or the one with the highest interest rate. After you have paid down this debt, move onto the next one. Speed up 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 will 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.


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