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January Checklist: 5 Steps to Getting Your Money’s Worth

January is when goals run rampant and we are saturated with resolutions to do better this year. As a financial institution, it’s our priority to help you make the most out of your money. Which is why we’ve resolved to assist you in becoming Financially Fit this year!

Follow our yellow brick road for financial success with 5 things to do this month:

1. Establish Your Goals

What do you want to accomplish this year? This question may be daunting since most resolutions barely make it to February. But challenge yourself to write them down. Making a list will give you something tangible to work on and it doesn’t hurt to post it somewhere you’ll see every day. You may have to adjust your budget to accommodate these goals >> See 9 Commonly Forgotten January Expenses (and how to plan for them)

2. Create a Budget

Now that you have set up some goals for the year, take some time to analyze your earnings and expenses. This will help you map out how to achieve them. Honestly evaluate where your money is going and how much debt you have. How can you reach your end game with what you have? Our free account aggregate program Trends let’s you create goals and adjust them to your lifestyle as well as:

  • Build a budget in minutes and automatically track spending for each category
  • Get customized spending alerts when you are approaching the spending limits in budget categories
  • Categorize transactions automatically to keep your budget up to date

3. Consolidate Debt

Make this the year you tackle your debt head-on! Whether the holidays were unkind to your credit cards or you’ve been struggling to get ahead for a while, get back on track with tailored debt solutions from your credit union. We’re committed to helping good people through difficult times. Restructure your debt today.

4. Start Saving

Maybe you want to save for a house or the weather has you dreaming of a great summer escape—now that you’ve figured out your goals and assessed your budget, start saving for them! Open a separate savings accounts and have the money automatically deposited into it each paycheck. If you never have a chance to see it, you won’t be tempted to spend it.

5. Take Back Your Health

You can bet most resolutions involve money or fitness in one form or another. Whether you want to lose weight or get healthy, don’t hurt your budget trying to reach your goals. Start with clear-cut objectives like drink more water or pack healthy lunches for work.

So this is our starting off point to getting Financially Fit this year! Use your time wisely this month (the occasional snow day doesn’t hurt) and let’s make the most of our money together. Now we want to hear from you. Do you think this is sustainable? Are you already on top of these and have tips that would be beneficial to our readers? Tell us in the comments.

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