Your Financial Health: Spring Check-In
Whether you’re just starting out, nearing retirement or living on a fixed income, it’s always a good time to check in on your financial health. Depending on your stage in life, these financial health tips can help you reach a savings goal or better position you to embrace a lifetime of financial health.
Keep These Financial Health Tips in Mind:
1. Automate Savings – Set up an automatic transfer from your checking to your savings account. This will help you build financial resiliency when unexpected costs arise.
2. Pay Down Debt – Rising rates make this more important than ever. Pick your lowest balance and chip it away. Then move onto the next. You’ll be glad you did!
3. Live Within Your Means – When you create a budget and live within it, you’ll gain more financial wellness than ever. And this discipline will serve you well for a lifetime.
4. Be Patient – Paying down debt and growing your savings takes time. Be patient and keep your eye on the prize.