New Year’s resolutions are made to help focus on your physical or mental health and wellbeing, but what about your finances? Here are 4 financial New Year’s resolutions to follow in 2023!
Future Goals
It’s important to look ahead. Think about the things you would like to accomplish and set the amount of money you need for each. Buying a home, paying for school, or even thinking about retirement. It’s never too early to plan for the golden years. There are plenty of options for retirement savings and SeaComm can help! Click here for more information on Individual Retirement Accounts (IRA) with SeaComm.
Review Your Spending Habits
Throughout the year there are things you spend money on and forget about. You might have different subscription services or you eat out during the week. Check back and see how much you’re spending in certain areas. It’s important to make sure your money is primarily going towards important things. If you can separate what you need from what you want you’ll be happier and save more in 2023!
Build Your Emergency Fund
You can’t predict the future. Sometimes things happen that are out of your control and unexpected costs arise. This is where an emergency fund comes in. If you already have one, great! If not, you should start budgeting for one. Put some money away to create a safety net in case of unforeseen problems. It’s a great habit and will come in handy during a time of need.
Plan for Now
Planning for the future is great, but what about right now? If there is something very important that you’ve been putting off, make a plan. Your goals don’t need to be years away. Financial planning is about the future and the present. If you have your long term goals on track think about what you’d like to do now. Plan that trip, fix up your home, or go back to school. Think about what will make you happy now and plan it out!
One New Year’s resolution everyone has is to save money. It’s also important to have a good savings plan in place as a financial cushion for your non-discretionary spending. Click here to discover a variety of options available to you at SeaComm, including regular savings, money market accounts, certificates, and more. Need assistance? Call us at (800) 764-0566 or stop by your nearest SeaComm branch location – our goal is to help you reach yours!