Here we are in a brand new year, which means it’s time to do those things we said we’d do last year but didn’t. If this includes some financial items, (saving money, paying off credit card debt, having more control of your finances, etc.) Security State Bankcan definitely help you out. We’ve come up with some tips to help you get your 2014 off to a great start AND help you achieve your financial goals!
Save More Money
First off, if you don’t have a savings account, you should open one right away. It gives you a different place to set aside money so you can actually save it instead of spending it. If you have online banking with SSB, you can also set up automatic savings, which transfers a specified amount into your checking account every week. Lastly, “pay yourself first.” This means that any time you get income, make your first action be to put at least 10 percent of it into your savings.
Pay Off Credit Card Debt
Stop using your credit cards! If you don’t have the money to make a purchase, you definitely won’t have the money to pay that cost plus interest. Then, start paying more than the minimum amount. While you may be decreasing your balance, you’re actually paying more in interest over time.
Gain Control of Your Money
Start by making a budget. List out your weekly/bi-weekly/monthly income and expenses, then adjust so they are equal or you bring in just a little more than you spend. You can help track this over time by using SSB’s Online Banking and Mobile Banking, which give you 24-7, anytime, anywhere access to your accounts.
Make More Money
You are the biggest asset you have when it comes to your earning potential. Take the time to learn more skills, get a better education or commit to proving your value to your employer. It all starts with you!
If you have any other banking needs, the staff at any of Security State Bank’s locations will gladly help you out. We look forward to seeing you soon!