Behind resolutions to improve health financial resolutions are the most popular goals Americans set for themselves at the beginning of every year. Unfortunately, over 80 percent of us who do set goals see them end in failure.
However, getting yourself financially organized doesn’t have to be hard or complicated. All it takes is commitment and the following list of ways to streamline your financial life. Take a look and then put them into action at the beginning of the upcoming year!
Use technology to your advantage
Online banking services give you access to your money any time and any place, so why not put them to use? At Raccoon Valley Bank, we offer a variety of online services such as Online Banking, Mobile Banking, Online Bill Pay, E-Statements and Mobile Deposit to increase the efficiency of your personal finances.
Missing payments means late fees or increased interest charges. Set recurring reminders in your email calendar, on your phone or by physically writing them down and posting them places you know you’ll see them.
File everything away neatly
For relatively little expense, you can purchase a box file and some manila folders. These will help you keep important financial documents like account disclosures, statements and more organized.
Work on reducing your high-interest debt
High-interest debt grows quickly, so nip it in the bud to avoid paying hundreds or thousands in interest. To find out how, give our last blog post a quick read.
Know what’s on your credit report
It can be a rude awakening to find out you have a poor credit score only after you’ve applied for a loan. Taking a free look at your credit score (you get one free peek every year from each of the three credit reporting bureaus) lets you know how you’re doing and if there are any errors that are counting against you.
With these simple tips, you can get your finances organized in no time at all. This will allow you to feel more in control of your finances throughout the rest of the year. Raccoon Valley Bank is here to help in your quest, so be sure to let us know how we can help!
Raccoon Valley Bank, member FDIC